DeFi
The turbulent days of Curve Finance and its CRV token are far from over. Lending projects are now proposing measures to reduce exposure to loans collateralized by CRV. Abracadabra’s AIP 13.5 Proposal Abracadabra has announced the AIP 13.5 proposal, aiming to impose higher interest rates on loans
DeFi
"DeFi is dead," some might say, after the tragicomedy involving Curve Finance (CRV) with its lead actor, Michael Egorov, and a cast of notable cameos. DeFi: A Glimpse into the Past If you've been in the crypto market long enough, you've probably read the
DeFi
The largest decentralized exchange (DEX) in the market, Uniswap, has blocked HEX (HEX) from its interface following allegations by the SEC that the project and its founder, Richard Schueler, unlawfully offered securities. Uniswap Blocks HEX Token Uniswap has designated HEX as an “unsupported” token and attached a warning logo indicating
Big Cap
A different judge believes that the SEC lawsuit against Ripple could nullify the efforts the commission is making against Terraform Labs. Diverging Views in Two SEC Lawsuits Targeting Terraform Labs and Ripple Before delving into the main content of the article, readers need to distinguish between two judges: * Jed Rakoff
DeFi
Join Coin68 as we revisit the pump-and-dump journey of BALD, the "one-day" memecoin on the newly launched layer-2 Base by Coinbase. The On-Chain Journey of the BALD Rug Pull According to DefiLlama, Coinbase's layer-2 Base experienced a significant TVL increase to $11.71 million within 24
DeFi
The recent attack on Curve Finance on July 30-31 has raised another significant concern for the DeFi sector: the potential liquidation of $167 million in CRV collateral by Curve's founder, Michael Egorov, on Aave, Fraxlend, and Abracadabra. If this occurs, it could trigger a widespread domino effect with
DeFi
The BALD rug pull seemed to mark the end of the memecoin's saga on the Base layer-2 platform. However, on the morning of August 01, the crypto community on Twitter was abuzz with allegations, based on both linguistic and on-chain evidence, that former FTX CEO Sam Bankman-Fried might
DeFi
Following a series of dramas since the evening of July 30, the race to liquidate the loan position of Curve Finance founder Michael Egorov on Fraxlend has seen new developments. The Incident Background The issue began on July 30 when a security vulnerability in the Vyper language led to attacks
DeFi
An on-chain detective on Twitter has traced wallets involved in the transfer of hundreds of millions of dollars in crypto assets from Multichain, linking them to the $40 million bribe Sam Bankman-Fried allegedly paid to the Chinese government. Summary of the Multichain Incident On May 21, 2023, Multichain CEO Zhaojun
Big Cap
July 30, 2023 marks 8 years of maturity and development since the Ethereum Foundation announced the launch of its network. Reflecting on Ethereum's Proud 8-Year Development Journey The genesis block of Ethereum was activated on July 30, 2015. Former CCO of the Ethereum Foundation, Stephen Taul, posted an
Big Cap
In August 2023, there are 25 projects scheduled to unlock tokens, totaling over $403 million USD in value. Noteworthy Token Unlock Events in August 2023 According to Token Unlocks, the cryptocurrency industry in August is set to experience token unlocks worth more than $403 million USD. Among these, The Sandbox
Big Cap
Tether's latest asset verification report reveals the company has added an additional $850 million to its reserve fund, increasing it to $3.3 billion. Tether Profits Over $1 Billion in Q2/2023 Thanks to US Treasury Investments. Photo: Bloomberg According to the latest asset verification report for Q2/
