DeFi
The outstanding debt on the DeFi lending protocol Compound on Ethereum has surpassed the $1 billion mark, reaching the highest unpaid debt level in over a year. Compound's Unpaid Debt Exceeds $1 Billion According to data from The Block, Compound, one of the leading lending protocols on Ethereum,
DeFi
Blockchain security firm PeckShield reports that the DeFi sector witnessed 386 attacks in the first half of 2023, resulting in a total loss of $479 million. #PeckShieldAlert In H1 2023, there are 395+ major hacks (386 DeFi related) in Web3 space, leading to ~$479.4m loss. Among these hacks, top
DeFi
The DeFi project on the Fantom network, Hector Network, has voted to cease operations and return all remaining funds to HEC token holders. Dear Hectorians, HIP 42 has concluded with a majority vote (83.31%) in favour of the liquidation of Hector Network and redemption of the $HEC token against
Big Cap
Fantom is witnessing a significant decline in Total Value Locked (TVL) following the abrupt cessation of operations by its key partner Multichain. Andre Cronje: Multichain Collapse Is a "Major Setback" for Fantom Andre Cronje, co-founder of Fantom, has described the recent failure of the cross-chain platform Multichain as
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Fantom is witnessing a significant decline in Total Value Locked (TVL) following the abrupt cessation of operations by its key partner Multichain. Andre Cronje: Multichain Collapse Is a "Major Setback" for Fantom Andre Cronje, co-founder of Fantom, has described the recent failure of the cross-chain platform Multichain as
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GBTC daily trading volume has officially reached its highest point of the year, propelled by renewed interest following major Wall Street players reapplying for approval of Bitcoin spot ETFs. GBTC Stock Trading Reaches Peak of 2023 According to data from The Block, shares of the giant Grayscale saw a trading
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The world's largest cryptocurrency exchange, Binance, has announced a new feature that enables users to open multiple wallet addresses on each blockchain network, instead of being limited to a single address as before. Binance Introduces Feature Allowing Multiple Wallet Addresses on One Blockchain Network According to the latest
DeFi
Hayden Adams, the founder of Uniswap, has unveiled a new open-source protocol named UniswapX. This solution aims to aggregate liquidity from various decentralized trading pools. Uniswap Launches UniswapX UniswapX is designed to provide users with optimal exchange rates by integrating liquidity from multiple sources. According to Uniswap Labs, this Aggregator
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The Celo community has put forward a proposal to transform its blockchain into a layer-2 solution on Ethereum, leveraging Optimism's technology. Celo Proposes to Become Ethereum's Layer-2 Solution According to a proposal posted on the Celo forum on July 15, the cLabs development team aims to
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Gavin Wood, the founder of Polkadot, has recently proposed a plan known as Polkadot 2.0, aiming to comprehensively change the network's mechanism, specifically the operation of Parachain auctions. Polkadot Proposes Changing Parachain Auction Mechanism to Core Fragments During the Decoded conference in June, founder Gavin Wood shared
DeFi
The Aave protocol has officially launched its stablecoin, GHO, on the Ethereum mainnet following a period of community voting. Stablecoin GHO Officially Launched on Mainnet Previously, in February 2023, the Aave team conducted tests with the GHO stablecoin on the Goerli testnet. With GHO now live on the mainnet, Aave
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Multiple exchanges including Binance.US and Coinbase resume XRP support following the court ruling in favor of the coin. Crypto Exchanges Re-list XRP Following SEC Victory According to Coin68's latest compilation, leading exchanges such as Coinbase, Crypto.com, Kraken Pro, Gemini, and Binance.US have begun or are