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.
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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
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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
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
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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
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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
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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
