Wormhole Attracted a Horde of Scammers During its Airdrop
TL;DR The recent Wormhole airdrop garnered significant community interest by distributing over $800 million worth of W tokens to eligible users. There was a proliferation...
blockchain
Galaxy Digital Leads $100 Million Fundraising for New Cryptocurrency Projects
TL;DR Galaxy Digital, led by Mike Novogratz, is raising a new $100 million investment fund. The majority of the funding is expected to come from...
Binance Unveils SAGA in its 51st Launchpool: An Opportunity to Acquire Tokens and Engage in Crypto Ecosystem Growth
TL;DR Binance introduces the SAGA token to its 51st Launchpool. Users can participate in obtaining tokens by staking BNB or FDUSD. The Launchpool will begin...
Aave Proposal to Mitigate Risks Amid MakerDAO’s DAI Expansion
TL;DR Aave launches proposal to counter MakerDAO’s DAI expansion risk. The proposal seeks to adjust the DAI risk parameters in Aave, setting the LTV at...
FixedFloat Was Hacked Twice in Less Than a Month
TL;DR The crypto industry faces constant challenges with cybercrime. The recent hack of the DEX FixedFloat marks another alarming incident. In less than a month,...
US States Eye Cardano Blockchain for Voting Security: What Could This Mean?
TL;DR Several US states have approached the Cardano Foundation to explore blockchain-based voting solutions. The CEO of the Cardano Foundation, Frederik Gregaard, confirmed the interest...
Vitalik Buterin’s Insight on Layer 3 Networks
TL;DR Vitalik Buterin’s Perspective: He acknowledges the cost-saving potential of Layer 3 (L3) networks but suggests there are simpler ways to achieve these savings without fully...
Cryptocurrencies On Volatile Ground: $400 Million Liquidated in Record Time
TL;DR More than $400 million liquidated from the crypto market in the last 4 hours. Binance recorded the highest number of liquidations. BTC and ETH...
Binance Establishes its First Board of Directors in a Key Step towards Regulation
TL;DR Binance appoints its first board of directors, headed by Gabriel Abed. The board includes three independent members and four company insiders. Despite the appointments,...
OpenLeverage Loses $230,000 After Hack and Announces Compensation for Its Users
TL;DR OpenLeverage suffered cyberattacks, losing $230,000 in assets, reported by Cyvers Alerts on Twitter. The platform temporarily suspended its operations and ensured having insurance funds...