Hacker exploited Delta Primeâs 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…
đ Stay Ahead with AltcoinDaily.co! đ 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 WBTCâs stability due to Justin Sunâs 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 â#saveWBTC â a…
Echelon aims to improve capital efficiency with features for institutional markets. Cypher Capital participated in Echelonâs $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…
Skyâs USDS stablecoin has a freeze function, raising decentralization concerns. Rune Christensen, Skyâs co-founder, says the freeze function wonât be active at launch. Skyâs 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…
Ondoâs 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 DAOâs 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 Catizenâs Web3 gaming ecosystem,…