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...
defi
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...
Shibarium Experienced a Temporary Network Outage: Here Are the Reasons
TL;DR Shibarium, Shiba Inu’s layer 2 protocol, experienced a temporary network outage, negatively impacting users’ experience. Despite the technical issues, the platform has managed to...
Railgun Denies Accusations: Disavows Any Link with North Korea’s Lazarus Group
TL;DR Railgun denies ties to North Korea’s Lazarus group. The platform claims to have a “Private Proof of Innocence” system to block sanctioned users. Allegations...
Marginfi in Crisis: CEO’s Resignation Triggers Massive Fund Withdrawal
TL;DR Marginfi’s CEO, Edgar Pavlovsky’s resignation triggered a 25% drop in the platform’s Total Value Locked (TVL). The massive fund withdrawal reflects a crisis of...
SushiSwap: The Battle for Treasury Control
TL;DR SushiSwap’s Governance Controversy: The DeFi platform SushiSwap is in the midst of a heated debate over a proposal that could lead to the main...
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,...
Binance Labs Teams Up with StakeStone to Revolutionize Liquidity Distribution Networks
TL;DR Binance Labs invests in StakeStone, consolidating its commitment to innovative projects in the crypto space. StakeStone utilizes its native token, STONE, to generate yields...
Aptos Renews Stargate Bridge: Unrestricted Transactions
TL;DR Aptos, a high-performance blockchain network, removes daily limits and streamlines processes on its Stargate bridge, facilitating interoperability in DeFi. Aptos, with LayerZero and Stargate,...