Unizen hacker transfers $2.1M stolen funds to Tornado Cash
The hacker’s use of Tornado Cash marks the first movement of the stolen Unizen funds since March, heightening security concerns. Go to Source
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Markets blow up, so ‘the best prep is to have a plan to buy fear and sell euphoria’ — Veteran trader
Pear Protocol founder HUF says “a limited pool of capital constantly rotating between narratives” is a clear sign of “late cycle behavior.” Go to Source
Paypal Launches Global Hackathon With 40,000 PYUSD in Prizes
Paypal, a leading payment platform, has announced a global hackathon for its stablecoin PYUSD, offering 40,000 PYUSD in prizes. This initiative follows the launch of the Paypal stablecoin on Solana. Running from Aug. 12 to Sept. 16, the hackathon aims to foster innovation and the adoption of PYUSD on Solana. Paypal Announces Global PYUSD Hackathon … Read more
Kujira proposes DAO to tackle liquidity, security issues
Facing liquidity challenges and security exploits, Kujira plans to establish an Operational DAO to stabilize its ecosystem. Go to Source
Study: Surge in Popularity of Liquid Restaking Token Protocols Driven by Growing User Trust
The surge in the total value locked and adoption of liquid restaking tokens increased from approximately $164.3 million in January to $13.812 billion by June 20, underscoring the growing trust in them. As was the case in January, Ether.fi remains dominant in the LRT market, accounting for approximately 50% of the total value locked, or … Read more
DeFi is ‘waking up again’ — Active loans return to 2022 levels
DeFi lending and total value locked is recovering, but many related tokens are still at bear market lows. Go to Source
How Liquid Restaking Tokens are revolutionizing DeFi
The total value locked in liquid restaking tokens rose over 8,300% since the beginning of 2024. Go to Source
‘Golden Boys’ behind Compound ‘governance attack’ agree to rescind proposal
A member of the “Golden Boys” voting bloc, Humpy, appears to have accepted a new staking proposal while agreeing to rescind the controversial Proposal 289. Go to Source
Decentralized Finance TVL Recovers to $100B After July Lows
Between June 19 and July 19, within a 30-day period, the total value locked (TVL) in decentralized finance (defi) dropped below the $100 billion mark, hitting a low of $86.3 billion on July 7, 2024. Over the past three days, however, the TVL has managed to stay above the $100 billion threshold. Lido Leads Defi … Read more
TON Foundation to Launch Bitcoin Bridge on The Open Network
The TON Foundation has announced the upcoming launch of TON Teleport BTC, a bridge designed to facilitate trustless and secure transfers of bitcoin to and from The Open Network (TON). This initiative aims to expand bitcoin’s utility by enabling its use in decentralized finance (defi) activities on the TON platform. TON Foundation Announces Bitcoin Bridge … Read more