DeFi
Real USD (USDR), Backed by Real Estate, Depegs 50% Amidst Mass Withdrawals On the evening of October 11, 2023, Real USD (USDR), a stablecoin issued by TangibleDAO and backed by real estate assets, experienced a significant depeg, losing nearly 50% of its value. According to TangibleDAO's website, USDR
DeFi
Curve Finance Proposes Liquidity Pools with sDAI and stUSDT Recently, the Curve Finance community proposed creating liquidity pools pegged with two yield-bearing tokens, sDAI and stUSDT. Proposal Overview The proposal has passed the discussion and voting phases. The two tokens in question are: * stUSDT: A staking yield-bearing version issued by
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BitDAO has officially launched the testnet for its Layer 2 scaling solution, Mantle, with 37,000 developers already signed up. This testnet will allow Mantle to trial and implement new features before its anticipated mainnet launch later this year. It is now available to the community, with developers encouraged to
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Bitcoin, the king of the cryptocurrency market, has surged 66% this year, outpacing many other altcoins. Bitcoin Dominance Exceeds 51%, Approaching Two-Year High. Photo: Crypto News BTC According to Tradingview data, the Bitcoin Dominance index - which measures Bitcoin's strength relative to the total cryptocurrency market capitalization -
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The co-founder of Polygon Labs proposed this initiative and suggested ApeCoin utilize their Chain Development Kit (CDK) to build a Layer-2 solution. Polygon Labs Aims to Develop Layer-2 Solution for ApeCoin On the evening of October 10, 2023, Sandeep Nailwal, co-founder of Polygon Labs, introduced a new initiative on the
DeFi
Multiple Projects Secure Funding from Arbitrum Foundation Amidst Ongoing Voting Criteria from Arbitrum Foundation As previously reported by Coin68, the project selection process organized by Arbitrum DAO runs from October 6 to October 13 on Snapshot. On the morning of October 6, Arbitrum's official X account announced the
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Bitcoin mining stocks have experienced a notable rebound early this week as traders flocked to the stock market, betting that the Fed might soon ease its aggressive stance against inflation. Leading Bitcoin mining companies in the U.S., such as Riot Blockchain (RIOT), Hut8 (HUT), Bitfarms (BITF), and Marathon Digital
DeFi
Trader Joe's DEX Faces Trademark Lawsuit from U.S. Retail Chain Trader Joe’s The U.S. retail chain Trader Joe’s has filed a lawsuit against the decentralized exchange (DEX) Trader Joe, alleging trademark infringement due to the similarity in their names. On October 5, 2023, Trader
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The Ethereum network is witnessing a resurgence in inflation due to declining activity and minimal transaction fees. Ethereum Network Experiencing "Reverse Inflation" As previously explained by Coin68, Ethereum transitioned to the Proof-of-Stake consensus mechanism and staking after The Merge, drastically reducing new coin issuance by up to 90%
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Ethereum Foundation has sold 1,700 ETH amidst growing concerns of inflation within the network and recent declines in activity. Inflationary Network, Ethereum Foundation Continues ETH Sales On the afternoon of October 9, 2023, on-chain data indicated that the Ethereum Foundation's labeled wallet address executed a swap of
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Deribit, the largest Bitcoin options trading platform by market share, has announced plans to list Solana (SOL), Ripple (XRP), and Polygon (MATIC) starting January 2024. Deribit Options Exchange Lists SOL, XRP, and MATIC According to the latest announcement, cryptocurrency options trading platform Deribit will begin supporting three additional coins -
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On the evening of October 6th, the Web3 community development platform Galxe fell victim to a hacker intrusion. Initial assessments suggest that this was a front-end takeover attack. Galxe Faces Front-End Attack On their website, Galxe announced that their project's website was no longer operational and that the