Mon, February 3

Ethereum Layer-2 Network Blast Surpasses $800M TVL Milestone

In the short time since its introduction, the Ethereum Layer-2 network Blast has achieved a new Total Value Locked (TVL) milestone, according to statistics from DefiLlama. According to the numbers, Blast’s TVL now stands at $837.02 million, up 27% from where it was seven days ago. The L2 solution had

December 10, 2023 1 min read

Arbitrage Bot Depletes LFNTY-USDC Pool on Lifinity DEX

An arbitrage bot depleted the LFNTY-USDC pool on December 8 from the decentralized exchange (DEX) Lifinity. The $699,090 loss was triggered by an unanticipated reaction to a botched deal, according to Lifinity’s Discord channel. Durden, a key member of Lifinity, revealed that a bot tried to benefit from price disparities

December 9, 2023 1 min read

November 2023 Witnesses a Disturbing Surge in Crypto Exploits 

In a recent report by QuillMonitor, an analytical tool powered by QuilAudits, November emerged as a concerning month for the crypto sphere, with a staggering $254.34M in losses. The notable figure was spread across 12 significant incidents, indicating an alarming 8-fold surge compared to October’s losses. Hacks take the lead

December 5, 2023 3 mins read

Jellyverse Raises $2M Seed Funding for Boosting DeFi 3.0 Development

Private investors have contributed $2 million to Jelly Labs AG and Fintonomy LTD, the companies developing the foundational protocols underpinning Jellyverse. Based on DeFiMetaChain, Jellyverse is a platform providing advanced decentralized financial services. The money raised will be used by Jelly Labs AG and Fintonomy LTD to further accelerate the

December 4, 2023 4 mins read

KyberSwap to Compensate Users Affected by Hack with Treasury Grants

The DeFi protocol KyberSwap lost $48.8 million due to a major vulnerability that occurred on November 22. The company plans to compensate individuals who were impacted financially. In response, KyberSwap is setting up a grant program to compensate those impacted by the incident using funds from its treasury. Affected persons

December 2, 2023 1 min read

Top 6 Major Crypto Hacks Of 2023

As the crypto world navigates another tumultuous year, the specter of cybercriminals looms large. A string of heists has plagued the industry, amounting to over $735 million siphoned across 69 hacks so far in 2023, marking a staggering surge in digital theft. Among these, six stand as emblematic examples of

November 28, 2023 2 mins read

Real World Assets (RWAs): The Next Big Thing?

The world of cryptocurrencies and decentralized finance (DeFi) is constantly evolving, and among the latest innovations capturing attention is the rise of Real World Assets (RWAs). In this deep dive, we’ll explore what RWAs entail, their significance, top projects in 2023, institutional adoption, regulatory considerations, and their impact on DeFi.

November 25, 2023 8 mins read
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