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DeFi

Namada, Osmosis to Co-fuse Blockchain to Fund Public Goods

Namada, a company dedicated to blockchain privacy, is in discussions to collaborate with Osmosis in order to financially support the development of software “public goods” and simultaneously distribute its anticipated...
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Ethereum Scaler Starknet Launches Testnet for Transformative ‘Quantum Leap’ Upgrade

Ethereum’s scaling remedy, Starknet, has initiated the testnet phase for its layer-2 network. This initiative is led by StarkWare, a development company based in Israel. The deployment marks the preliminary...
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Sturdy Finance DeFi Protocol Faces Exploit, Loses More Than $750,000

Sturdy Finance, a Decentralized Finance (DeFi) protocol, has recently been a victim of an exploit. In an interesting turn of events, the team has pledged not to pursue any further...
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Report: Over $204 Million Lost to DeFi Hacks and Scams in Q2

A recent analysis by the cryptocurrency portfolio application, De.Fi, has shed light on the vulnerabilities within the decentralized finance (DeFi) sector. Their findings indicate a staggering loss of over $204...
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DeFi Platform EraLend on zkSync Loses $3.4 Million in Blockchain Exploit

EraLend, a decentralized finance (DeFi) protocol, suffered a loss of $3.4 million in crypto due to a re-entrancy attack. This attack, which took place on Tuesday, leveraged a loophole that...
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Insider Trading Rampant in Crypto Market, According to Ex-Goldman Technologists

According to blockchain analysis company Solidus Labs, there’s a high occurrence of insider trading prior to the listing of new ERC-20 tokens on centralized exchanges (CEXs). Solidus Labs, in a...
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CFTC Targets DeFi Protocols Opyn, ZeroEx, and Deridex in Sweeping Crackdown

The Commodity Futures Trading Commission (CFTC), the regulatory body overseeing derivatives markets in the U.S., has taken legal action against three decentralized finance (DeFi) entities: Opyn, Inc., ZeroEx (0x), Inc.,...
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Abracadabra’s Bold Move: 200% Interest Proposed on $18 Million Loan to Curve Founder Amidst Bad Debt Concerns

Abracadabra Finance has tabled a proposal aimed at adjusting interest rates to mitigate the risk of bad debt stemming from an $18 million loan extended to Curve Finance founder Michael...
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DYDX Token Receives Full Community Support for dYdX Chain Integration

The decentralized exchange, dydx, has secured the full backing of its community to move to its fourth version and establish the DYDX token as the primary Layer 1 token for...
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Binance CEO CZ Predicts DeFi to Outshine CeFi in Upcoming Bull Run

Changpeng Zhao, CEO of Binance, anticipates that decentralized finance (DeFi) might eclipse centralized finance (CeFi) in the impending market surge. In a live X Spaces event held on September 1,...
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