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Update on Binance's 21st Quarterly BNB Burn

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Update on Binance's 21st Quarterly BNB Burn

Binance, the leading cryptocurrency exchange, has completed its 21st quarterly BNB burn, marking the end of a three-month period of relatively stable crypto market conditions. 1D BNB/USDT Chart on Binance at 05:25 PM on October 13, 2022 According to the announcement posted on the afternoon of October 13,

By Web3 Station 12 Oct 2022
Mango Markets Hit with Price Manipulation Attack, $114 Million Stolen

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Mango Markets Hit with Price Manipulation Attack, $114 Million Stolen

On the morning of October 12, the Solana-based derivative trading platform Mango Markets fell victim to a price manipulation attack, resulting in a loss of $114 million. Update, October 14: By the afternoon of October 14, Mango Markets proposed a new settlement with the attacker, requesting the return of all

By Web3 Station 11 Oct 2022
BNB Chain to Execute Hard Fork to Address $586 Million Hack Vulnerability

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BNB Chain to Execute Hard Fork to Address $586 Million Hack Vulnerability

On October 12, BNB Chain will conduct a hard fork to address the vulnerability in its cross-chain bridge that led to a $586 million hack. BNB Chain Hard Fork Scheduled to Address Hack Vulnerability As reported by Coin68, on October 6, BNB Chain became the latest victim of a hacker

By Web3 Station 11 Oct 2022
Huobi Delists In-House Stablecoin HUSD, Shifts to Justin Sun’s USDD

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Huobi Delists In-House Stablecoin HUSD, Shifts to Justin Sun’s USDD

Despite Justin Sun's persistent denials of acquiring Huobi, the recent move to replace the in-house stablecoin HUSD with USDD signals otherwise. 7-Day HUSD Price Chart from CoinMarketCap at 09:40 AM on October 12, 2022 As reported by Coin68 on October 8, Huobi recently announced a major ownership

By Web3 Station 11 Oct 2022
Bitcoin Drops Below $19,000 Ahead of US Inflation Data

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Bitcoin Drops Below $19,000 Ahead of US Inflation Data

The world’s largest cryptocurrency, Bitcoin (BTC), has once again fallen below the $19,000 mark ahead of the US inflation data release for September. Price Movement of Major Cryptocurrencies as of 09:20 AM on October 11, 2022. Source: Coin360 In the early hours of October 11, the cryptocurrency

By Web3 Station 10 Oct 2022
Soroban Smart Contract Platform Receives $100 Million Funding from Stellar Development Foundation

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Soroban Smart Contract Platform Receives $100 Million Funding from Stellar Development Foundation

Soroban, a smart contract platform built on the Stellar blockchain, has secured $100 million in funding from the Stellar Development Foundation (SDF). As reported by Coin68 in March 2022, Stellar (XLM) launched a $30 million investment fund to support blockchain startups. Similar to other ecosystem development funds, the Stellar Development

By Web3 Station 10 Oct 2022
68 Trading Plan (10/10 – 16/10/2022) – When Will the Sideways Action End?

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68 Trading Plan (10/10 – 16/10/2022) – When Will the Sideways Action End?

Hello, traders! After a week of lackluster sideways movement with narrow ranges, let’s dive into our trading plan for Bitcoin and some altcoin pairs for the coming week! Analysis and Outlook for Bitcoin (BTC) 1W Chart of BTC/USDT on Binance, Screenshot from TradingView on 09/10/2022 On

By Web3 Station 09 Oct 2022
Polygon Launches Public Testnet for zkEVM Solution

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Polygon Launches Public Testnet for zkEVM Solution

Polygon has announced the launch of the public testnet for zkEVM, a solution described by the company as the “next major advancement for the Ethereum ecosystem.” With the advancement of Zero-Knowledge (ZK) technology, Polygon aims to become the primary scaling solution for Ethereum, the largest blockchain ecosystem in the market

By Web3 Station 09 Oct 2022
Polygon Partners with NGO to Raise Ocean Awareness

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Polygon Partners with NGO to Raise Ocean Awareness

On October 6, Polygon announced a partnership with the Ocean Conservation Education and Exploration Foundation (OCEEF) to boost user awareness. Users can now explore the RV Odyssey, one of the most advanced ocean research vessels globally, through innovative metaverse initiatives and new forms of entertainment. A new wave in ocean

By Web3 Station 06 Oct 2022
Lido Launches Ethereum Staking on Arbitrum and Optimism

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Lido Launches Ethereum Staking on Arbitrum and Optimism

The Ethereum staking protocol Lido Finance has officially expanded to the prominent layer-2 solutions Arbitrum and Optimism. Lido Finance, the leading ETH 2.0 staking platform, has established cross-chain bridges to layer-2 solutions Arbitrum and Optimism. This move aims to eliminate barriers to entry and reduce staking costs for stETH,

By Web3 Station 06 Oct 2022
NEAR Protocol Partners with Google Cloud to Boost Web3 Development

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NEAR Protocol Partners with Google Cloud to Boost Web3 Development

Through its partnership with NEAR Protocol, Google Cloud will provide support for developers building and scaling Web3 projects and dApps. Last night (October 5), NEAR Foundation announced a collaboration between Google Cloud and NEAR Protocol to provide infrastructure for NEAR's Web3 startup platform, Pagoda. The @NEARFoundation has partnered

By Web3 Station 05 Oct 2022
USDC Circulating Supply Drops by $9 Billion in Three Months

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USDC Circulating Supply Drops by $9 Billion in Three Months

The total supply of the stablecoin USD Coin (USDC) has decreased from $55.55 billion to $46.57 billion over the past 90 days. According to DeFiLlama, USDC issuer Circle has burned approximately $9 billion of its stablecoin over the past three months. This represents the largest amount of destruction

By Web3 Station 05 Oct 2022
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