$460 Million Injected into Crypto Startups in January 2024
TL;DR $460 million injected into cryptocurrency startups in January 2024, marking a 13% increase from the previous month. The majority of the investment, around $311...
Tag : DeFi
EigenLayer Surges Past $1B TVL Following Temporary Staking Cap Removal
TL;DR EigenLayer experienced a massive increase in its total value locked (TVL) after temporarily removing staking caps, surpassing $1 billion. The temporary removal of staking...
PYTH Listed on Binance: High Potential and Risk
TL;DR Solana-based oracle platform, Pyth Network, gets listed on Binance on February 2, 2024. Binance categorizes PYTH with the Seed Tag, signifying high potential and...
JUP Tokens Soar 430% in Ethereum Mix-Up Amid $700M Solana Airdrop
TL;DR Due to confusion, Ethereum’s JUP surged 430%, reaching $0.026, and later dropped to $0.007 during the $700 million JUP airdrop on Solana. The airdrop...
Revolutionizing dYdX Chain with Liquid Staking
TL;DR: The dYdX Foundation introduces Liquid Staking on its chain, enabling users to convert their tokens into a liquid and fungible asset for use in...
Drift Protocol Introduces ‘Drift Points’ Rewards Program
The decentralized finance (DeFi) protocol Drift on the Solana network has unveiled its new rewards program called “Drift Points,” marking a significant milestone in its...
Near Foundation Announces 40% Workforce Reduction Despite Ecosystem Growth
The Near Foundation, a non-profit organization supporting the Near ecosystem, has announced a significant 40% reduction in its team, despite apparently experiencing growth in the...
dYdX Identifies the Attacker of the Incident with SUSHI and YFI
In a recent update, the decentralized exchange platform dYdX has announced the identification of the attacker responsible for an incident on its v3 platform that...
ZK Fair Initiated the Refund for USDC and Says it is Destined to Go Down in Ethereum’s History
ZK Fair, a prominent figure in the Ethereum Layer 2 (L2) ecosystem, has just announced the initiation of USDC refunds as part of a key...
Sushi Detects Front-End Vulnerability and Urges Users to Halt Transactions Amid Exploit Concerns
Sushi’s DeFi protocol has been impacted by a severe security vulnerability, prompting an urgent warning from its Chief Technology Officer, Matthew Lilley. This threat originates...