On-chain data indicates that the CRV-ETH pool on Curve has once again been targeted by a flash loan attack. Fortunately, a white-hat hacker intervened to rescue and return the assets. Flash Loan Attack on CRV-ETH Pool The crypto community on Twitter is abuzz with discussions about Curve Finance, especially after
Big Cap
In the past 12 hours, the stablecoin Tether (USDT) has depreciated due to sell-off pressure across liquidity pools on Curve and Uniswap, similar to the depegging incident in mid-June. USDT Depreciates Due to Sell-off Pressure on Curve and Uniswap On-chain data reveals that a series of traders have seemingly liquidated
Big Cap
ProShares and Bitwise have entered the race for ETFs by submitting applications to the U.S. Securities and Exchange Commission (SEC) for approval of ETF futures focused on Bitcoin and Ethereum. ProShares, Bitwise File Application for ETF Futures on Bitcoin and Ethereum Continuing the ETF race, ProShares and Bitwise have
Big Cap
CertiK, the auditing firm, has reported a security vulnerability that could expose Worldcoin to the risk of control seizure over the Orb globe. CertiK Reports Vulnerability Potentially Allowing Worldcoin Orb Control Seizure According to CertiK's tweet on May 29, the technical audit firm identified a security loophole within
DeFi
Curve Finance founder Michael Egorov has sold a large amount of CRV to raise funds to maintain his borrowing positions across multiple DeFi protocols. Overview of the OTC Sale According to on-chain data trackers, as of the morning of August 04 (Vietnam time), Michael Egorov has sold a total of
DeFi
To prevent further liquidity loss, Curve Finance and the affected projects have proposed an agreement allowing the hackers to keep 10% of the stolen funds as a reward. Curve Finance's Bug Bounty Offer On July 31, the crypto market was shaken by the news of an exploit in
DeFi
After Curve Finance sent on-chain messages to the hackers, the first batches of funds have started being returned to the affected projects. Background on the Curve Finance Exploit On July 30, vulnerabilities in the liquidity pools of Curve Finance, which use the Vyper language, were exploited by hackers. The projects
Big Cap
Celo has added Google Cloud to its list of transaction validators for its network, marking a milestone in transitioning to layer-2. Google Cloud Partners with Celo as Validator - CELO Price Soars In an announcement late on August 2nd, the Celo Foundation revealed that Google Cloud, the computing giant, is
Big Cap
Financial analyst James Seyffart from Bloomberg has raised the probability of SEC approval for a Bitcoin spot ETF to 65%, citing recent positive developments. Bloomberg Analyst Predicts a 65% Chance of Bitcoin Spot ETF Approval In a Twitter post on August 3rd, Bloomberg ETF analyst James Seyffart suggested that the
Big Cap
Europe's largest ETF investment firm, Direxion, has filed an application for leveraged ETFs for BTC and ETH, joining a race of cryptocurrency ETFs alongside 6 other companies that also filed applications this week. Direxion Files Application for ETF Futures for Bitcoin and Ethereum According to documents submitted to
DeFi
A scammer attempted to steal 20 million USDT using a wallet address impersonation scheme but was successfully thwarted. Details of the Impersonation Scheme On August 01, 2023, the crypto community on Twitter noticed that stablecoin issuer Tether had blacklisted a wallet address containing 20 million USDT, effectively freezing it and
DeFi
After a few weeks of deploying its mainnet for builders, Layer-2 Base has officially announced the opening of its ETH bridge to enhance user experience. Official Launch of ETH Bridge on Layer-2 Base According to a tweet from Base, bridging ETH from the Ethereum mainnet to the Layer-2 Base solution
