Defi Financial News

15.03 / 19:33

Adoption Binance defi Investments Decentralization Uniswap launches on BNB Chain ecosystem to drive growth and liquidity

Decentralized exchange Uniswap is officially live on BNB Chain, the smart contract blockchain built by Binance.

15.03 / 16:43

Ethereum defi Lightning Network Bitcoin DeFi on Bitcoin is possible with this new Layer 2: AMA with Mintlayer

Mintlayer, an open-source, Layer-2 solution for Bitcoin, has gotten the best from the Bitcoin (BTC) and Ethereum (ETH) ecosystems to make crypto operations efficient and secure. Its protocol allows batching transactions (even between different tokens), features a UTXO-based accounting system and uses Ethereum’s Access Control List for token security. By having complete support of Lightning Network, Mintlayer can scale its network assets limitlessly.

15.03 / 10:31

Law Ethereum defi hacks lending us government UK government Euler Finance’s offer to hacker: Keep $20M or face the law

Ethereum-based noncustodial lending protocol Euler Finance is trying to cut a deal with the exploiter that stole millions from its protocol, demanding the hacker returns 90% of the funds they stole within 24 hours or face legal consequences.

15.03 / 00:57

Blockchain Ethereum Adoption NFT defi wallet Mobile Wallet Features Metamask addresses privacy concerns with new features for enhanced control

Web3 wallet app Metamask has introduced a number of new features aimed at enhancing privacy and giving users more control, according to a March 14 blog post by the developer. The new features come after Metamask had previously been criticized for allegedly intruding on users’ privacy.

14.03 / 15:09

defi Web3 Liquidity Investment Three Arrows Capital Three Arrows Capital-Affiliated Crypto Firm Raises $100 Million for New Liquid Token Fund – Here's What You Need to Know

DeFiance Capital has reportedly raised $100 million for its liquid token fund.

14.03 / 12:17

Blockchain defi Hackers hacks lending Euler Finance blocks vulnerable module, working on recovering funds

Decentralized finance (DeFi) lending protocol Euler Finance became a victim of a flash loan attack on March 13, resulting in the biggest hack of crypto in 2023 so far. The lending protocol lost nearly $197 million in the attack and impacted more than 11 other DeFi protocols as well.

14.03 / 11:29

Blockchain defi Tokens Decentralized Exchange Stargate foundation advises DAO against reissuing STG tokens

Stargate Foundation has advised its decentralized autonomous organization (DAO) against reissuing Stargate’s native Stargate Finance (STG) token due to concerns raised by FTX liquidators. The liquidators have expressed the belief that such a move would violate the automatic stay and could result in legal repercussions.

14.03 / 02:35

Ethereum defi Hackers hacks Balancer defi protocols Euler attack causes locked tokens, losses in 11 DeFi protocols, including Balancer

Contagion from the Dec. 12 flash loan attack against Euler has spread far and wide, resulting in frozen or lost funds for 11 different decentralized finance (DeFi) protocols, according to Dec. 13 reports from each of them on Twitter. Balancer, an Ethereum protocol with over $1 billion total value locked (TVL), is among the affected protocols. Below is a rundown of the major exploits and what we know so far.

14.03 / 02:35

Stablecoin defi Banks Central Bank banking Silicon Valley NOT USDC depegged, but it's not going to default

Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stablecoin — were locked up in the distressed Silicon Valley Bank (SVB). The market reacted violently, causing USDC to lose its dollar peg. But while the concern was understandable, it has become clear that USDC creator Circle will regain full access to its funds. The crypto community can breathe easily.

13.03 / 17:41

Ethereum Provident Digital Hack defi Aware Bitcoin Euler Finance Suffers Massive $195M Hack in Flash Loan Attack – Here's What Happened

Ethereum-based lending protocol Euler Finance has fallen victim to a flash loan attack resulting in around $200 million worth of digital assets stolen from the project.

13.03 / 13:55

Ethereum defi privacy Smart Contracts Cryptography zk-Rollup network Blockchain Network Privacy-focused blockchain network closes Aztec Connect tool

Privacy-oriented blockchain platform Aztec is preparing to shut down Aztec Connect, the network’s privacy infrastructure serving as the encryption layer for Ethereum.

13.03 / 13:27

Blockchain defi Hackers hacks Decentralized Exchange Loans Euler Finance hacked for over $195M in a flash loan attack

Ethereum-based non-custodial lending protocol Eurler finance faced a flash loan attack on March 13, with the attacker managing to steal millions in DAI, USDC, staked Ether (StETH) and wrapped Bitcoin (WBTC).

13.03 / 12:28

Blockchain Stablecoin Binance defi Banks Silicon Valley Bitcoin recovery Binance CEO announces recovery funds conversion from BUSD to 'native crypto'

The failure of three major crypto-backing banks, Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank caused the stablecoin (USDC) to fall to as low as $0.87 from its $1 benchmark.

13.03 / 00:41

business defi Silicon Valley Silicon Valley Bank collapse: Everything that’s happened until now

The sudden collapse of Silicon Valley Bank (SBV) has quickly unfolded over the course of three days, depegging stablecoins, leading regulators in the United States and United Kingdom to prepare emergency plans and raising fears among small businesses, venture capitalists and other depositors with funds stuck at the California tech bank.

12.03 / 04:53

Blockchain Stablecoin defi Altcoin Circle Usd Coin Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount

Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the disclosure that a small portion of USDC's collateral was held at Silicon Valley Bank.

11.03 / 23:21

business Blockchain defi Aave Circle surges CEXs Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs

Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility on stablecoins after the USD Coin depegged on March 11.

11.03 / 22:27

markets defi Altcoin Altcoin Watch Cosmos ATOM bulls watch closely as Cosmos interchain security prepares for March 15 launch

The Cosmos community has approved a vote to add “replicated security (RS)” to its chain, with 99.99% of votes in favor of the motion. The much-awaited upgrade is set to go live on March 15, 2023, with the v9-Lamba upgrade.

11.03 / 21:29

business Stablecoin defi Circle Usd Coin Binance USD Curve Finance trading volume reaches $7B historic high after USDC depeg

Stablecoin swapping pool Curve Finance is experiencing the highest daily trading volume in its history, exceeding $7 billion in the past 24 hours after the Silicon Valley Bank (SVB) collapse triggered a wave of uncertainty across markets and depegged the USD Coin (USDC) from the U.S. dollar.

11.03 / 18:27

Blockchain Stablecoin defi Aavegotchi bonding curve closes on exact day of DAI depeg

According to play-to-earn nonfungible tokens (NFT) protocol Aavegotchi on Mar. 11, the entity closed the bonding curve defining the exchange rate between its namesake token (GHST) and the DAI U.S. dollar stablecoin (DAI). The same day, the DAI stablecoin depegged as part of the ongoing USD Coin destabilization, which was, in turn, caused by $3.3 billion in stuck stablecoin collateral deposits owed to its issuer Circle by now-defunct Silicon Valley Bank.

11.03 / 16:31

Blockchain defi MakerDAO Maker DAO files emergency proposal addressing 3.1B USDC exposure

According to a forum post from Maker DAO, issuer of the U.S. dollar-pegged DAI stablecoin, on Mar. 11, the firm requested an "urgent executive proposal to mitigate risks to the protocol." Maker said that it possessed multiple collaterals "exposed to USDC tail risk" in light of the extraordinary de-pegging of the USD Coin (USDC) stablecoin that began on Mar. 10. Maker DAO currently possesses more than 3.1 billion USDC in collateral backing its DAI stablecoin.

11.03 / 14:15

Blockchain defi hacks Decentralization Bitcoin network Bitcoin Network How the Bitcoin network can solve the pitfalls of DeFi token bridges

Decentralized finance (DeFi) saw a record inflow from centralized exchanges as crypto users flocked to self-custody solutions following the FTX collapse. Over 100,000 Bitcoin (BTC) left crypto exchanges so investors could avoid third-party custody. True to the “not your keys, not your coins” mantra of Bitcoin, DeFi solves a wide array of problems associated with centralized entities.

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