Friend.tech Reverses Decision: Stays on Base L2 Network
TL;DR Friend.tech Stays on Base L2 Network: The decentralized social media platform Friend.tech has reversed its decision to leave the Coinbase-incubated layer-2 network Base. Instead, it...
Tag : defi
Andromeda and Injective Join Forces to Foster DeFi Adoption
TL;DR Andromeda and Injective join forces to accelerate DeFi adoption, merging their technologies to create new economic opportunities. ANDR, as a Web3 Operating System, enables...
Blast Layer 2 Unveils Tokenomics and BLAST Airdrop
TL;DR Ethereum’s Layer 2 network Blast will launch its native token and airdrop 17% of its supply. Blast is the 6th largest blockchain with $1.65...
UwU Lend Negotiates with Hacker After Losing $23 Million
TL;DR UwU Lend, a DeFi protocol founded by former Frog Nation CFO, Sifu, fell victim to a cyberattack. Resulting in a loss of $19.4 million....
ZKsync Launches ZK Nation: The New Era of Community Governance on Ethereum
Key points of the news: ZKsync announces ZK Nation, a community governance system to empower token holders in protocol development. Users can actively participate in...
Orbit Chain Hackers Move Stolen Funds After Major Security Breach
TL;DR Orbit Chain Security Breach: Hackers exploited a vulnerability in Orbit Chain’s cross-chain bridge, resulting in the theft of $82 million worth of digital assets,...
Ondo Finance Reaches $500 Million in Total Value Locked
TL;DR Ondo Finance surpasses $500 million in Total Value Locked (TVL) after discussions in Congress on the tokenization of real-world assets. Ondo Finance’s TVL increases...
Vega Protocol Revolutionizes the Market with Its MCAP Futures
TL;DR Vega Protocol launches MCAP futures to speculate on token market capitalization before its launch. Vega MCAP futures are designed to reduce price risk and...
Yield Protocol Experiences a $181,000 Crypto Asset Hack on Arbitrum
TL;DR Hack of $181,000 in cryptographic assets from Yield Protocol on Arbitrum. Exploitation of smart contracts after its closure in December 2023. Decline in losses...
DAI Reaches a Historic Record of $240 Billion in On-Chain Transaction Volume
TL;DR DAI reached a historic record of $240 billion in on-chain transaction volume last week, surpassing the combined volume of other stablecoins. The surge occurred...