Big Cap
After a week of volatility with events like the BALD rug pull, Curve Finance's pool exploit, and Curve's founders continuously selling CRV over-the-counter to settle debts, the market heated up again with the YGG token surge. Recently, on August 4th, Binance announced the launch of futures
DeFi
After more than half a month of discussions, Mantle DAO has officially approved the proposal to convert Treasury assets to stETH. Mantle's Proposal to Convert Treasury to stETH The proposal, titled MIP-25, was drafted by Cateatpeanut, a core team member of Mantle. Big news: @0xMantle x @LidoFinance proposal
DeFi
The contracts of the Cypher protocol have been frozen while the project team attempts to negotiate with the hacker to recover the stolen funds. Cypher DEX on Solana Hacked In the early hours of August 08 (Vietnam time), the decentralized exchange Cypher on Solana was hacked, resulting in the loss
DeFi
The largest staking service provider has surpassed the $15 billion Total Value Locked (TVL) milestone, the highest since May 2022. Lido Finance Hits ATH TVL Lido Finance, one of the most popular Liquid Staking platforms on Ethereum, has seen over 10,000 participants in the protocol, helping push the TVL
NFT & GameFi
Noticing an automated bot copying his trades, NFT trader Hanwe Chang devised a plan to trap the bot into higher prices, resulting in a profit of 800 ETH, equivalent to $1.5 million. Noticed that someone's bot was copying my bids on Blur, so I decided to trick
NFT & GameFi
In line with the overall downturn in the market, the amount of stolen NFTs saw a significant decline in July. According to blockchain security firm PeckShield, approximately $1.73 million worth of NFTs were stolen in July, marking a 31% decrease from June and an 89% drop from the $16.
Big Cap
Global payment giant PayPal has unexpectedly announced the launch of its own stablecoin named PayPal USD (PYUSD). Based on newly disclosed information, PayPal USD (PYUSD) is a US dollar-backed stablecoin, collateralized by short-term US Treasury bonds and other cash-equivalent assets. This model mirrors traditional stablecoins popular today such as Tether
DeFi
Over $110 million in cryptocurrency assets have been transferred to Coinbase's layer-2 solution, Base. TVL on Layer-2 Base Reaches $114 Million According to data from L2beat, $114 million in cryptocurrency assets have been transferred to Base, a layer-2 solution launched by Coinbase in March this year. This figure
DeFi
After the deadline for the hacker to negotiate and receive a 10% reward expired, Curve Finance has decided to offer a bounty to the entire community to track down the hacker. Curve Finance Offers $1.85 Million Bounty On the morning of August 07, Curve Finance announced a $1.85
DeFi
MakerDAO has officially raised the interest rate for holding the stablecoin DAI to 8% through the lending platform Spark Protocol. However, the community has noticed that Spark is blocking users who access it via VPN. MakerDAO's Interest Rate Increase As previously reported by Coin68, MakerDAO's plan
Big Cap
Tether, the issuer of the USDT stablecoin, has emerged as the entity holding the world's 11th largest Bitcoin reserve, raising concerns about market manipulation. Discovery: Tether Holds the World's 11th Largest Bitcoin Reserve Tether's Bitcoin Holding Discovery Despite Tether not officially disclosing its Bitcoin
DeFi
The trend of leveraging yields from traditional financial instruments (RWAs) is becoming increasingly popular among DeFi protocols. Recently, Frax Finance has announced its proposal to integrate this approach. Frax Finance's RWA Proposal The proposal, titled FIP-277, focusing on Real World Assets (RWAs), was shared by founder Sam Kazemian
