Defi Financial News

06.06 / 21:29

defi Hackers hacks wallet Atomic Wallet exploited, users report loss of entire portfolios

Atomic Wallet has been apparently exploited, with users on Twitter reporting complete losses of their crypto portfolios. Atomic is a noncustodial-decentralized wallet, meaning users are responsible for assets stored in the application.

06.06 / 19:48

Blockchain defi Hackers hacks reports Atomic Wallet hack losses top $35M, on-chain sleuth reports

At least $35 million worth of crypto assets have been stolen from Atomic Wallet users since June 2, according to an analysis from on-chain sleuth ZachXBT. The five largest losses account for $17 million.

06.06 / 19:46

Ethereum Adoption defi Tokens Small business lending protocol Defactor tokenizes $100M in bonds

On June 6, decentralized finance (DeFi) lending platform Defactor Labs said that it tokenized $100 million worth of Alpha Bonds using the ERC-3643 token standard. The bond, tokenized on the Polygon (MATIC) network, will be lent to small and medium-sized enterprises using real-world assets, such as receivables, as collateral.

06.06 / 18:22

markets Ethereum defi Decentralized Exchange Proof-of-stake Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows

Ether’s (ETH) DeFi activity has declined in the bear market and the sector faces further competition from Ethereum’s annual staking reward of 4%, according to Glassnode analysts. However, a DeFi narrative is building around liquid staking derivative (LSD) tokens that could revive Ethereum’s network activity.

02.06 / 20:35

defi Treasury Tornado Cash Support Blockchain Association Files Amicus Brief To Support Coin Center’s Lawsuit Over Tornado Cash Sanctions

Washington DC-based Blockchain Association filed an amicus brief in support of crypto think tank Coin Center’s lawsuit against the US Treasury Department over its sanctions against Tornado Cash.

02.06 / 20:31

Law defi Uniswap Losses from crypto rug pulls outpaced DeFi exploits in May: 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.

02.06 / 20:13

Adoption defi regulation wallet Altcoin privacy Aleo Privacy-focused Aleo blockchain gets new wallet as mainnet launch approaches

Demox Labs has debuted a new wallet for the privacy-oriented Aleo blockchain network, according to a June 1 announcement. Called “Leo,” the wallet allows users to generate zero-knowledge (ZK) proofs within their browsers, letting them interact with Aleo’s ZK-based apps. Aleo is in its testnet phase but expects to launch a mainnet later this year.

02.06 / 17:37

Stablecoin defi Tokens Banks Usd Coin Stablecoins are a critical countermeasure to Operation Chokepoint

Boosting financial inclusion is one of crypto’s strongest value propositions. Yet, ironically, the banking crisis has effectively de-banked the crypto industry itself, at least in the United States.

02.06 / 09:43

Blockchain Technology Adoption defi Tech Bitcoin network Bitcoin Network How to access Bitcoin network data without advanced IT skills

The Bitcoin network is home to a variety of data that can offer investors, academics and fans useful insights. However, those without significant IT abilities might find it difficult to obtain this data. The good news is that anyone may explore Bitcoin network data without having substantial technical knowledge thanks to the user-friendly tools, platforms and techniques that are readily available. This article will walk you through how to access Bitcoin network data through various mediums.

02.06 / 06:07

defi Cybersecurity security Scams Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin

The amount of cryptocurrency lost to "rug pull" or "exit scams" — where founders suddenly up and leave with investors’ money — had outpaced the amount stolen from decentralized finance (DeFi) projects in May, a blockchain security firm has revealed.

01.06 / 22:03

business Ethereum defi DEX Decentralized Exchange Uniswap DAO Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns

A proposal to enable protocol fees for the Uniswap decentralized exchange failed on June 1, potentially allowing liquidity providers (LPs) to continue to earn all revenue from swaps, according to the proposal’s official webpage. It narrowly missed being passed, with 45.32% of votes going to the “no fee” camp and 42.34% voting to charge liquidity providers one-fifth of the fees they receive from users. Another 12.3% voted to enact a fee charge of one-tenth and 0.04% voted to charge one-sixth.

01.06 / 20:11

Blockchain Technology defi Research Quantum Computing Bitcoin Scientists propose quantum proof-of-work consensus for blockchain

A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain consensus that relies on quantum computing techniques to validate consensus.

01.06 / 16:57

Blockchain Ethereum Stablecoin defi Tokens Circle Circle to launch ‘official version’ of USDC natively on Arbitrum

Circle recently announced plans for a June 8 launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network.

01.06 / 12:49

defi Hackers hacks Deal Jimbos Protocol offers $800K bounty to the public after hacker ignores deal

Decentralized finance (DeFi) platform Jimbos Protocol has offered 10% of the exploited funds to the general public after giving the hacker some days to respond to the deal.

31.05 / 19:55

business Blockchain defi Multichain Multichain team cannot locate CEO, halts service for affected chains

Cross-chain protocol Multichain revealed on May 31 that its team has been unable to contact its CEO, Zhaojun, fueling rumors that the protocol’s leadership may have been arrested in China amid ongoing technical issues.

31.05 / 19:35

Ethereum defi Developers fantom gas fees Fantom starts paying developers to generate gas fees

A new program from the Fantom Opera network (FTM) team will pay developers for the gas fees they generate from users, according to a May 31 announcement. Specifically, the “Gas Monetization Program” will pay eligible developers 15% of the total gas fees their apps generate.

31.05 / 17:15

cryptocurrency NFT defi DEX Metaverse DAO DAO Maker Price is Going to Zero and Crypto Whales are Stacking Launchpad XYZ as a Better Alternative– What Do They Know?

The DAO Maker (DAO) price has been caught in a downward spiral since falling below its 100-day moving average on May 13.

30.05 / 22:27

Ethereum defi Ethereum 2.0 Staking Curve Finance Yield farming app accumulates $12M TVL 2 weeks after launch

A new yield farming app called Origin Ether has accumulated over $12 million in total value locked (TVL) just 14 days after launch, according to data from blockchain analytics platform DefiLlama. TVL is a metric that measures the dollar value of assets inside an app’s smart contracts.

30.05 / 16:51

Blockchain defi DEX GameFi PancakeSwap Decentralized exchange PancakeSwap moves into GameFi

On May 29, decentralized exchange (DEX) PancakeSwap announced that it had launched a new tower-defense GameFi game in conjunction with BNB GameFi protocol Mobox. Dubbed “Pancake Protectors,” the game allows players to utilize the DEX’s native CAKE (CAKE) tokens to earn in-game rewards.

30.05 / 16:23

defi FtM fantom boost network gas fees Fantom Blockchain to Return 15% of Gas Fees to Boost Network Usage – Here's What You Need to Know

The Fantom (FTM) blockchain has introduced a new initiative called the "dApp Gas Monetization Program," aiming to reward projects that utilize its network and contribute to increased gas fee usage.

30.05 / 15:17

Blockchain Adoption defi Decentralized Exchange Decentralization Staking Cross-Chain LSD for DeFi: Tenet, LayerZero partner to drive cross-chain liquid staking adoption

Layer-1 blockchain Tenet is set to see its liquid staking derivatives platfrom plug into a cross-chain decentralized finance (DeFi) ecosystem through a partnership with omnichain messaging protocol LayerZero.

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