DeFi’s 2024 TVL recovery is driven by Layer 2 networks like Arbitrum and Optimism. Ethereum retains dominance despite $6B in TVL outflows, with most funds staying in L2s. SOL saw a modest increase in TVL this year, but 42% of those funds flowed back to ETH. The decentralized finance (DeFi) sector has shown significant growth…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 A fake app claiming to be Curve Finance has recently climbed into the top 100 finance apps on the Apple app store, raising concerns among users and DeFi experts. Despite clear indications that this app is a scam, it’s gaining traction in several regions, including the U.S., Southeast Asia,…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The share of decentralized exchange (DEX) platforms in the overall futures trading market saw a noticeable decline in September, slipping to 3.26% from a peak of 5.18% in February. This trend highlights a shift back towards centralized exchanges (CEXs) as the preferred platforms for futures trading. While DEXs once…
Radiant Capital has fallen to a hack, with more than $51 million stolen across Arbitrum and BNB Chain. Over $32 million was stolen from Arbitrum, while BNB Chain accounted for about $18 million. Radiant Capital suffered an exploit on Oct. 16, with hackers siphoning over $51 million from the decentralized finance lender. On-chain security platform…
Singularity Finance, whose mainnet is slated for launch in the first half of 2025, will tokenize AI assets on an EVM Layer-2 platform. SDAO, CGV, and KEY tokens will merge into a unified SFI token for the network. The SFI token will initially launch on Ethereum and BNB Chain. In a significant move to integrate…
Sui has seen a more than 44% spike in price in the past week and 65% in 30 days. Gains come after the Grayscale Sui Trust opened for accredited investors. The SUI network’s total value locked has surpassed $1.34 billion. SUI price has surged by more than 44% in the past week to trade above…
Hacker exploited Delta Prime’s upgrade function to mint massive tokens. Over $6M in assets were stolen, including Bitcoin, Ether, and stablecoins. Attack exposes risks of upgradable contracts in decentralized finance. Delta Prime, a DeFi platform operating on the Arbitrum network, has fallen victim to a major cyberattack where a hacker exploited a vulnerability in the…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 As anticipation builds around potential U.S. Federal Reserve rate cuts, the decentralized finance sector is eyeing a revival in interest, particularly in the context of stablecoin yields. Analysts from the research and brokerage firm Bernstein have signaled that a forthcoming rate cut of 25 to 50 basis points on…
Threshold community proposes merging tBTC with WBTC. The proposal is driven by concerns over WBTC’s stability due to Justin Sun’s involvement. According to the proposal, BitGo will receive T tokens, becoming a major stakeholder in Threshold Network. In a strategic move to protect the future of Wrapped Bitcoin (WBTC), a proposal dubbed “#saveWBTC – a…
Echelon aims to improve capital efficiency with features for institutional markets. Cypher Capital participated in Echelon’s $3.5M seed round. The funding supports the development of new products, RWAs, and expansion to new networks. Cypher Capital, a prominent multi-strategy crypto investment firm, has announced its participation in a $3.5 million seed funding round for Echelon, a…
Sky’s USDS stablecoin has a freeze function, raising decentralization concerns. Rune Christensen, Sky’s co-founder, says the freeze function won’t be active at launch. Sky’s website is blocking VPNs further adding to the criticism following the rebrand. A day after the decentralized finance (DeFi) project Maker rebranded to Sky, the new protocol is under intense scrutiny…
Ondo’s USDY yieldcoin is now live on Arbitrum, offering 5.35% APY for non-US investors. USDY integrated with Camelot and Dolomite for trading, lending, and yield generation. USDY represents 17% of Arbitrum DAO’s treasury, boosting RWA adoption on-chain. Ondo Finance has launched its market-leading permissionless yieldcoin, USDY, on the Arbitrum blockchain, marking a significant expansion of…
Maker Protocol rebrands to Sky, renaming Dai stablecoin as Sky Dollar (USDS). MKR governance token upgraded to Sky (SKY) with a 1:24,000 conversion rate. Maker SubDAOs rebranded as Sky Stars, with Spark as the first live subDAO. In a significant move to make decentralized finance (DeFi) more accessible, the Maker Protocol has rebranded to Sky,…
HashKey Group and Telegram mini-game Catizen have announced a partnership, with Catizen teh first official Web3 partner. The Asia-based firm will leverage the TON blockchain. HashKey Group has announced Catizen, a Telegram mini-game platform on the TON blockchain, as its first Web3 partner. The company will use the partnership to bolster Catizen’s Web3 gaming ecosystem,…