DeFi
Security firm PeckShield has reported an exit scam by Magnate Finance, a lending project on the layer-2 network Base, resulting in a loss of $6.4 million. Magnate Finance's Rug Pull: * Event Details: On the afternoon of 25/08/2023, Magnate Finance executed an exit scam, siphoning approximately
DeFi
Following the increase in the Liquid Restaking limit to 100,000 Ethereum (ETH), EigenLayer’s Total Value Locked (TVL) experienced a significant surge within a few hours. Key Highlights: * TVL Growth: EigenLayer raised the restaking limit to 100,000 ETH (approximately $165 million). After this announcement, the platform's
DeFi
In an effort to address the vulnerabilities posed by flash loans in DeFi protocols, Quantstamp has unveiled a new tool designed to mitigate these risks. Combatting Flash Loan Exploits: * Tool Announcement: Quantstamp's latest offering, the Economic Exploit Analysis service, aims to detect and thwart potential flash loan attacks
DeFi
MakerDAO's recent decision to increase the DAI interest rate to 8% has become a focal point in the market, sparking both debate and excitement. Despite some controversial proposals, DAI is experiencing a resurgence, with its market cap exceeding $5 billion and boosting the Spark lending protocol to new
DeFi
PancakeSwap, a prominent decentralized exchange (DEX), has officially integrated with Linea, the seventh blockchain to support its services. Linea is a layer-2 solution developed by Consensys, the company behind the leading Web3 wallet, MetaMask. Integration Details: * Linea's Technology: As an Ethereum layer-2 solution, Linea is built with zkEVM
NFT & GameFi
To uphold the core value of creative work, NFT marketplace Rarible has announced it will maintain its royalty fee policy and start blocking secondary platforms that do not collect fees. Rarible's Permanent Royalty Commitment Amid ongoing debates about royalties, as NFT platforms navigate the prolonged downturn, Rarible has
Big Cap
Aevo, a recently launched derivative trading platform, has introduced futures contracts representing the "market capitalization" of accounts on the emerging social media app friend.tech. The FRIEND-PERP contract, tracking the "capitalization" index of accounts on the up-and-coming social networking app friend.tech, debuted yesterday (August 21)
Big Cap
Binance.US users can now use debit cards, credit cards, Google Pay, and Apple Pay to buy USDT. According to an announcement from Binance.US, in order to avoid disruptions in USD deposits and withdrawals as experienced previously, the exchange has collaborated with the payment platform MoonPay to facilitate swift
Big Cap
Binance faces accusations of aiding Russians in transferring funds abroad, further complicating its legal situation amidst turmoil in the United States. Despite sanctions, Binance allegedly facilitates fund transfers for Russians? According to the latest findings from The Wall Street Journal, Binance has reportedly processed up to $8 billion USD in
Big Cap
Shopify, a Canadian e-commerce giant, has announced its integration with Solana Pay, the payment protocol of the sixth-largest blockchain Solana. The collaboration between Shopify and Solana Pay aims to provide millions of merchants with more dynamic and efficient payment options. According to Josh Fried, Business Development Lead at Solana Foundation:
Big Cap
Following its earlier announcement, Circle has commenced the deployment of USDC on 6 new blockchains, including Polygon PoS, Base, Polkadot, NEAR, Optimism, and Cosmos. With recent backing from Coinbase, the second-largest issuer of stablecoins is expanding USDC to 6 new blockchains, aiming to strengthen its market position amid the current
Big Cap
Binance.US users in the United States can now purchase USDT using debit cards, credit cards, Google Pay, and Apple Pay. Binance.US Partners with MoonPay to Facilitate USD-to-USDT Transactions According to an announcement from Binance.US, to streamline the USD deposit/withdrawal process, the exchange has collaborated with the