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Fantom Considers Shift to Optimistic Rollups Development

Big Cap

Fantom Considers Shift to Optimistic Rollups Development

Andre Cronje, the founder of Fantom Foundation, has indicated that the platform is contemplating a shift towards developing Optimistic Rollups and further integrating with Ethereum. Fantom Considers Shift to Optimistic Rollup In a recent interview with The Block, DeFi guru Andre Cronje shared: "We are looking into the OP

By Web3 Station 08 Aug 2023
Uniswap Heads to Layer-2 Base

DeFi

Uniswap Heads to Layer-2 Base

Uniswap v3 has been integrated into Coinbase's layer-2 solution, Base. Uniswap's Integration with Layer-2 Base After nearly three months of proposals, Uniswap, the largest decentralized exchange on Ethereum, has been integrated into Base, allowing users to trade tokens on this layer-2 solution. What are you swapping

By Web3 Station 08 Aug 2023
MakerDAO Announces Further Interest Rate Adjustments

DeFi

MakerDAO Announces Further Interest Rate Adjustments

After two days of implementing the 8% interest rate, the MakerDAO - DAI community has proposed new adjustments to adapt to the current market conditions. New Proposal "Adjustment GOV12.1.2" In the new proposal titled "Adjustment GOV12.1.2," founder Rune Christensen highlighted the positive

By Web3 Station 08 Aug 2023
Saddle Finance Dissolves and Redistributes Funds to Investors

DeFi

Saddle Finance Dissolves and Redistributes Funds to Investors

On August 8, 2023, Sunil Srivatsa, the founder of Saddle Finance, announced that the Ethereum-based AMM protocol will cease operations and begin distributing tokens back to investors. This decision aims to safeguard investor assets following the shocking hack of Curve Finance. Liquidation and Token Distribution Process Saddle Finance will liquidate

By Web3 Station 08 Aug 2023
SpiritSwap (SPIRIT) on Fantom Shuts Down Due to Multichain Impact

DeFi

SpiritSwap (SPIRIT) on Fantom Shuts Down Due to Multichain Impact

The Fantom ecosystem is facing severe setbacks, with SpiritSwap, its leading AMM, announcing its shutdown due to the repercussions from Multichain's collapse. Key Points: * Shutdown Announcement: SpiritSwap will cease operations on 01/09/2023 unless a new team takes over. Users are advised to withdraw liquidity before this

By Web3 Station 08 Aug 2023
Aptos (APT) Declines Ahead of $30 Million Token Unlock

Big Cap

Aptos (APT) Declines Ahead of $30 Million Token Unlock

APT has dropped nearly 4% over the past 24 hours, underperforming the overall cryptocurrency market. Aptos (APT) Slides Ahead of $30 Million Token Unlock As compiled by Coin68, 4.5 million APT tokens (worth approximately $30 million) are set to unlock on August 12. This action will increase the circulating

By Web3 Station 07 Aug 2023
Parallel Updates on USDT - USDC - DAI - FDUSD - PYUSD Stablecoins on August 8, 2023

Big Cap

Parallel Updates on USDT - USDC - DAI - FDUSD - PYUSD Stablecoins on August 8, 2023

In just a few days, the cryptocurrency market has witnessed a series of significant fluctuations concerning the stablecoin segment. Join Coin68 as we update you on the latest developments in the stablecoin battle. Updates on USDT - USDC - DAI - FDUSD - PYUSD Note: Apart from the official statements

By Web3 Station 07 Aug 2023
Reviewing On-Chain Data on YGG Token Pump-Dump

Big Cap

Reviewing On-Chain Data on YGG Token Pump-Dump

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

By Web3 Station 07 Aug 2023
Mantle Approves Proposal to Convert Treasury Funds to stETH

DeFi

Mantle Approves Proposal to Convert Treasury Funds to stETH

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

By Web3 Station 07 Aug 2023
Solana-Based DEX Cypher Hacked

DeFi

Solana-Based DEX Cypher Hacked

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

By Web3 Station 07 Aug 2023
Lido Finance Achieves ATH TVL Despite Liquidity Pool Attacks Linked to Curve Finance

DeFi

Lido Finance Achieves ATH TVL Despite Liquidity Pool Attacks Linked to Curve Finance

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

By Web3 Station 07 Aug 2023
NFT Trader Nets 800 ETH by "Trapping" Automated Bot

NFT & GameFi

NFT Trader Nets 800 ETH by "Trapping" Automated Bot

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

By Web3 Station 07 Aug 2023
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