Last week, an agreement was filed in court by the two parties involved in the KeyFi and the founder Jason Stone’s link to the insolvent crypto lender Celsius. This settlement follows a series of lawsuits and countersuits. As part of the settlement deal, Celsius will get a plethora of assets
Base, the Ethereum layer-2 blockchain developed by a U.S. crypto exchange Coinbase, has marked a remarkable surge in its total value locked (TVL), surpassing Blast. According to DefiLlama, Base’s TVL stands at $1.549 billion and Blast’s TVL at $1.525 billion, a one-day change of 1.56% and 5.75% respectively. Total value
Bitflow has raised Bitcoin DeFi (BTCFI) to a level where it can compete with Ethereum’s established DeFi ecosystem by announcing many new features for its Bitcoin Layer 2 (L2) decentralized exchange (DEX). The volume of transactions on Bitcoin DeFi has increased dramatically during the last several months. Other blockchain ecosystems
In the wake of a significant liquidation event involving Michael Egorov, founder of Curve Finance, the CRV token has seen a notable recovery. Nearly a week ago, Egorov faced liquidation after the CRV token plummeted to an all-time low of $0.219. The situation led to widespread liquidations across various platforms,
In response to the $10 million in bad debt that arose from soft liquidations after a hacking attempt on June 13, Curve Finance founder Michael Egorov has announced that he has completely repaid the loan. As a result of the event, Egorov went on social media to clarify, saying that
Beosin and Blocksec, two blockchain security companies, say that $3.7 million was stolen from the decentralized lending protocol UwU Lend today. Security researchers have linked this assault to the same hacker, making it the second flash loan breach of UwU Lend this week. The attacker now has $3.7 million worth
The popular blockchain-based game Crypto: The Game (CTG) has been acquired by Uniswap Labs. Following the news, the price of the UNI token surged, increasing by 6% on the three-hour price chart. Uniswap Labs COO Mary-Catherine Lader is excited about combining CTG’s interactive on-chain experiences with Uniswap’s products and services.
Amid a surging DeFi market, the Aave protocol is facing a significant uptick in high-risk loans, raising alarms among investors and analysts alike. According to a recent report by data analytics firm IntoTheBlock, the volume of these risky loans on Aave is nearing critical levels, with collateral values perilously close
In May, the largest amount since February 2022—the total value locked (TVL) in decentralized finance (DeFi) applications—reached $192 billion, according to a report by blockchain analytics company DappRadar. There was a 21% drop in the number of distinct active wallets using DeFi, even though TVL increased. May saw a 17%
The much-anticipated vote on UNI staking and delegation incentives, which was scheduled for May 31, has been postponed by the Uniswap Foundation, the group in charge of the decentralized exchange Uniswap. The foundation delayed the vote in response to a stakeholder’s concern, as revealed on X. The decision-making process was
