Defi Financial News

07.08 / 23:51

defi Hackers hacks Altcoin solana Exploit Cypher Protocol freezes smart contract after an estimated $1M exploit

Solana-based decentralized futures exchange Cypher Protocol halted its smart contract after an estimated $1 million exploit.

07.08 / 20:13

defi Hackers hacks Breaking: 'All funds are at risk' — Steadefi exploited in ongoing attack

Decentralized finance (DeFi) app Steadefi was exploited for at least $334,000 on Aug. 7 in an ongoing attack. The app's development team has said in a social media post that the attack currently "puts all funds at risk." The app's total value locked (TVL) has plummeted as a result of the attack, according to data from DeFiLama.

07.08 / 13:07

Blockchain Ethereum Adoption defi Asset management Decentralized asset management system launches for Arbitrum, Optimism

Decentralized asset management platform Valio has launched publicly, according to an announcement from the platform’s team. The new protocol allows users to have their funds managed by professional traders but without having to trust these traders as custodians.

06.08 / 21:53

business defi Hackers hacks Curve Finance Curve Finance opens bounty after exploiter's return deadline expires

Decentralized finance (DeFi) protocol Curve Finance is extending a bug bounty offer to anyone who is able to identify the exploiter responsible for draining over $61 million from its pools on July 30.

06.08 / 16:51

business defi Bankruptcy OPNX exchange bids for crypto lender Hodlnaut in Singapore: Report

Crypto lender Hodlnaut appears to have found a white knight investor to exit its bankruptcy proceedings. According to a Bloomberg report, OPNX exchange has made an offer to take over 75% of the company.

05.08 / 21:25

Blockchain defi Hackers hacks reports Alchemix reports return of all stolen funds from Curve pools

Lending platform Alchemix has announced the return of all stolen funds by the Curve finance hacker. The attack took place on July 30 and resulted in over $61 million in cryptocurrencies drained, including $13.6 million from Alchemix’s alETH-ETH pool.

05.08 / 10:17

Blockchain defi Web3 Assets Boosting adoption with DeFi asset management: Velvet Capital joins Cointelegraph Accelerator

Gone are the days when decentralized finance (DeFi) was a niche for crypto frontrunners, while centralized finance (CeFi) was the absolute owner of users’ trust. Following the collapse of major centralized organizations within the industry, such as FTX, Prime Trust, and Celsius, among others, the user base — from traders to asset managers — realized the importance of self-custody and started looking for advanced services within the DeFi space.

05.08 / 04:21

NFT defi Hackers hacks Liquidity lending Curve Finance JPEG'd confirms return of 5,495 ETH from Curve hacker

Nonfungible token finance (NFT-Fi) protocol JPEG’d has confirmed that 5,495 Ether (ETH), worth roughly $10 million at current prices, has been returned by the Curve Finance hacker.

04.08 / 21:17

business Blockchain Ethereum defi Hackers hacks Curve Finance Exploit Curve-Vyper exploit: The whole story so far

The decentralized finance (DeFi) ecosystem has experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks.

04.08 / 21:17

Ethereum defi Hackers hacks lending Loans Curve Finance CRV exposure risk throws a curveball at the DeFi ecosystem: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

03.08 / 18:51

Blockchain Ethereum NFT defi coinbase layer2 end Base launches mainnet bridge UI for end users, sets Aug. 9 for official launch

Coinbase’s Base network has released a user interface (UI) for its official bridge, allowing end users to onboard for the first time without relying on developer tools, according to an Aug. 3 announcement. The team has set Aug. 9 as Base’s “official” release date. The team will award over 100 Ether (ETH), worth approximately $184,000, in grants to developers and content creators as part of a month-long launch event called the “Onchain Summer.”

03.08 / 18:23

Blockchain Adoption defi Mining regulation Bitcoin Bitcoin Price How will Bitcoin halving affect BTC price, and is DeFi dead?

On the latest episode of Market Talks, host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future of Bitcoin (BTC) mining, expectations for the cryptocurrency’s price, and his views on how the decentralized finance (DeFi) sector needs to evolve.

03.08 / 18:09

defi Curve Curve Finance Abracadabra's Bold Move: 200% Interest Proposed on $18 Million Loan to Curve Founder Amidst Bad Debt Concerns

Abracadabra Finance has put forth a proposal aimed to adjust interest rates to mitigate the risk of bad debt resulting from an $18 million loan to Curve Finance founder Michael Egarov.

03.08 / 17:51

Blockchain Stablecoin defi Hackers Curve Finance shock events Curve's crvUSD depegs as market reacts to shock events

Curve Finance's native stablecoin crvUSD briefly depegged on Aug. 3, reacting to an uncertain environment surrounding the protocol after its recent exploit. In the course of the day, the stablecoin fell by as much as 0.35% before regaining its peg to the United States dollar.

03.08 / 17:51

defi Altcoin Telegram Decentralized Exchange Uniswap decentralized marketplace Bot Telegram crypto Unibot maintains first-mover status among Telegram crypto trading bots

Unibot (UNIBOT) token was among the top crypto gainers in July as its price rallied by 400% in a month to reach an all-time high of $199.90 on July 28. The project defied the market’s negative trend as both Bitcoin (BTC) and Ethereum (ETH) dropped by nearly 4%.

02.08 / 22:31

Blockchain Ethereum defi Hackers hacks Scams DAO Curve emergency DAO terminates rewards for hack-related pools

The Curve Finance lending protocol has terminated governance token rewards for select liquidity pools affected by the July 30 Curve exploit and July 6 Multichain exploit, according to an Aug. 2 social media post from a member of the protocol’s governing body.

02.08 / 22:31

Blockchain Ethereum defi Liquidity Aave MakerDAO Compound Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study

Kanis Saengchote, a researcher at Chulalongkorn University in Thailand, recently developed a framework for identifying and measuring systemic risk in decentralized finance (DeFi) institutions.

02.08 / 18:03

Blockchain defi Developers Web3 ConsenSys Startups Web3 startups queue up: Consensys Startup Program partners with Cointelegraph Accelerator

The transition from Web2 to Web3 is reshaping the technology landscape and attracting the attention of developers. Despite the challenges faced during the current crypto winter, the Web3 ecosystem continued to onboard new developers, with many thousands of developers making the jump from Web2 to Web3.

02.08 / 17:05

Blockchain defi data zk-STARK zk-Rollup zk Decentralized Web3 data service taps ZK-proofs for tamper-proof SQL queries

Decentralized Web3 data service Space and Time has tapped into zero-knowledge proof (ZK-proof) technology to cryptographically verify information queries within its ecosystem.

02.08 / 11:19

defi Hackers hacks regulation Liquidity Abracadabra proposes hiking loan interest rate by 200% to manage Curve risk

Abracadabra Money, a cross-blockchain lending platform, has proposed increasing the interest rate on its outstanding loans to manage risks associated with its Curve (CRV) exposure. The proposal drew mixed reactions from the community, and several questioned the tactic of modifying loan terms, while others called it a great plan to cut down exposure to CRV.

02.08 / 05:39

defi Loans Curve Finance Rescue Curve founder looks to unexpected counterparties to rescue sinking DeFi loans

Curve Finance founder Michael Egorov is attempting to offload some of his DeFi positions to alleviate his mountain of debt, but some have highlighted his liquidity sources.

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