Optimism network transactions surged 67% following Bedrock upgrade — Nansen
Transactions on the Optimism network surged 67% following its June 7 “Bedrock” upgrade, according to a June 26 Twitter thread...
NFT News
Here’s the Journey So Far
CryptoPunks, one of the first non-fungible token (NFT) collections on the Ethereum blockchain, has reached a significant milestone as it...
Tokenized FTX claim is used as collateral for a loan
A creditor of now-bankrupted crypto exchange FTX pledged a claim as collateral for a loan in the decentralized finance (DeFi)...
DeFi Platform Struct Finance Introduces New Interest Rate Products
Struct Finance – a Decentralized Finance (DeFi) platform that allows customers to engage with tailored structured monetary products linked to...
Institutional Adoption of DeFi is ‘Many Years Away,’ Says BlackRock Executive
Joseph Chalom – BlackRock’s head of strategic partnerships – thinks the current regulatory environment is not quite welcoming for leading...
Web3 startups get security boost as CertiK joins Cointelegraph Accelerator
Despite the crypto bear market, the Web3 ecosystem continues to grow. True to the notion that “bear markets are good...
Stablecoin protocol Reserve invests $20M in Convex, Curve and Stake DAO
Stablecoin protocol Reserve is investing $20 million into the governance tokens of yield farming apps Curve (CRV), Convex (CVX) and...
Etherscan launches AI-powered Code Reader
On June 19, Ethereum block explorer and analytics platform Etherscan launched a new tool dubbed “Code Reader” that utilizes artificial...
Hong Kong says Cyberport attracted 150 Web3 firms in a year
In the past year, more than 150 Web3 firms have set up operations in Hong Kong’s Cyberport — a digital...
Salesforce Ventures Lead $6M Seed Extension Investment in NFT Intelligence Firm Mnemonic
NFT data firm Mnemonic has secured a $6 million seed extension round led by Salesforce Ventures. Other participants of the...
Curve pool imbalance triggers USDT depeg concerns: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you...
Sturdy stablecoin market reopens three days after $800K exploit
After recently suffering a recent exploit on its platform, decentralized finance (DeFi) protocol Sturdy Finance has reopened its stablecoin market.On...
Curve pool imbalance triggers USDT depeg concerns, Tether CTO calls it FUD
The Tether (USDT) stablecoin slightly deviated from its United States dollar peg on June 15 due to an imbalance in...
Binance CEO Changpeng Zhao denies rumors of selling Bitcoin to bolster BNB
Binance CEO Changpeng “CZ” Zhao has refuted accusations that Binance has been secretly selling Bitcoin (BTC) to artificially stabilize the price...
DeFi Protocol Sturdy Finance Exploited for 442 ETH Worth Almost $800K
Sturdy Finance – a DeFi project promising up to 10x leverage on staked assets – has been exploited by a...
Attacker drains $800K from DeFi protocol Sturdy Finance
Decentralized finance (DeFi) protocol Sturdy Finance has lost 442 Ether (ETH), worth almost $800,000 when writing, to a security exploit....
Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges
Crypto venture capital firm Paradigm has slammed the United States Securities and Exchange Commission’s attempt to redefine the term “exchange”...
DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you...
Decentralized App Sweat Economy Unveils Governance Vote to Decide the Fate of 2B SWEAT Tokens
Sweat Economy – a fitness-focused decentralized application – announced the launch of a new governance vote on June 7th in...
PoolTogether Case Dismissed, For Now
In late 2020, PoolTogether was sued by Joseph Kent, a software engineer who, at the time, was working as the...
Crypto Rug Pull Losses Outpaced DeFi Exploits in May: Report
A new report by blockchain security company Beosin revealed that the total amount of crypto assets lost to exit scams...
Over $35 Million Reportely Stolen From Atomic Wallet Users
The week started on a grim note following the large-scale theft of digital assets from Atomic Wallet users resulting in...
