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MakerDAO has emerged as the standout performer in the multi-cycle DeFi space, surpassing Ethereum’s growth since the beginning of 2021. The DAO’s recent Endgame proposal has injected fresh momentum into its asset, bolstering its already robust fundamentals. In terms of revenue, MakerDAO has maintained a dominant position within the DeFi sector, capturing nearly 40% of all … Read more
The Minterest protocol recently suffered a security breach resulting in the loss of approximately $1.4 million in assets. The exploit occurred on the Mantle chain, with the attacker funded by TornadoCash on the Ethereum (ETH) chain. All stolen funds on the Mantle chain have since been bridged to ETH. 🚨ALERT🚨@Minterest has encountered a security breach … Read more
The Bitcoin market has navigated through several phases over the past 18 months, beginning with a period of steady price appreciation post-FTX, followed by three months of consolidation after reaching an all-time high (ATH) of $73,000. During May to July, Bitcoin underwent its deepest correction cycle, experiencing a drawdown of over -26% from its ATH. … Read more
Ethereum made a notable rebound today, climbing 6% to surpass the $3,300 mark amid positive market sentiment. This uptick follows significant inflows into digital asset investment products, which according to CoinShares, totaled $1.44 billion last week, pushing year-to-date inflows to a record $17.8 billion. Bitcoin alone saw its fifth-largest weekly inflow ever, amounting to $1.35 … Read more
Despite declarations from Ethereum influencers that Runes are dead, recent reports indicate a different story. According to data released yesterday, the Runes Protocol has accounted for 69.1% of all Bitcoin transactions over the past 24 hours. This marks a significant shift in the landscape of Bitcoin transactions, highlighting the growing influence of the Runes Protocol. … Read more
The crypto fundraising landscape in Q2 2024 saw remarkable activity, with 521 projects successfully raising over $3.563 billion. This represents an increase from the previous quarter’s 469 projects, highlighting growing investor interest. Notably, 141 projects did not disclose their raised amounts. Top Fundraisers and Sector Breakdown The Infrastructure sector led in both total funds raised … Read more
In a significant move earlier today, a Uniswap team/investor/advisor address transferred 1.19 million $UNI tokens, valued at $9.62 million, to Coinbase Prime. This follows a trend over the past nine days, during which the same address transferred a total of 3.55 million $UNI, worth approximately $29.82 million, to the same platform. The address originally received … Read more
Despite a mild recovery to end the week, Bitcoin’s recent dip contrasts sharply with the continued flourishing of the S&P 500 and equities. For the past three years, Bitcoin and broader crypto markets have often surged in tandem with traditional equities. The current lag suggests Bitcoin might be poised for an eventual bullish catch-up period. … Read more
On-chain reports from Lookonchain have revealed a significant movement of Ether.fi tokens. A wallet linked to the Ether.fi team deposited 880,000 $ETHFI, valued at approximately $1.87 million, to Binance today. This development has drawn attention due to the substantial amount involved and its potential implications. Three months ago, this wallet received a hefty 10 million … Read more
$PIRATE, one of the best-performing gaming coins recently, continues to make waves in the Web 3 gaming space. After the successful launch of its PIRATE token, Pirate Nation is poised to expand further by adding support for more blockchain networks to accommodate its growing player base. $PIRATE leading the way in Web 3 gaming One … Read more
