Ethereum Experiences a Massive Surge in Gas Fees: Here’s Why
Ethereum median gas price has surged to 55.3 Gwei this month, almost doubling in a month and reaching its highest...
NFT News
Michael Jackson on the blockchain, Web3 gaming trends in 2024: Nifty Newsletter
In this week’s newsletter, read about how Michael Jackson’s first recording is coming to the blockchain and why the nonfungible...
What is composability in DeFi?
Importance of composability in the DeFi ecosystem Composability acts as a catalyst for growth, propelling decentralized finance’s ongoing development and...
Blur Commands 80% of NFT’s Market Share as OpenSea Retreats: Data
In a year marked by a massive recovery run in the broader crypto market, the non-fungible tokens (NFTs) sector has...
FTX and Alameda transfers another $22M worth of crypto asset
Blockchain analysis firm Lookonchain reported that cryptocurrency powerhouses FTX and Alameda Research are actively engaged in a substantial transfer of...
KyberSwap announces treasury grants for hack victims
KyberSwap intends to provide financial assistance to users affected by a significant exploit on Nov. 22, which led to a...
Tiger Global Cuts Stakes on Bored Ape Yacht Club and OpenSea Holdings
The investment firm Tiger Global has reportedly reduced the valuation of its holdings in Bored Ape Yacht Club and OpenSea....
OPNX token spikes 50% after Su Zhu unexpectedly posts a ‘gm’ on Twitter
Open Exchange Token (OX), the native token of the crypto bankruptcy claims platform OPNX, spiked 50% just 20 minutes after...
Velodrome and Aerodrome DEXs Face Frontend Attacks
Velodrome, the second-largest DEX on the Optimism network, and its fork, Aerodrome, the leading DEX on Base, have reported a...
KyberSwap DEX hacker sends an on-chain message: Be nice, or else
The exploiter behind the $46 million crypto theft against KyberSwap has demanded its execs and tokenholders ease up on the...
KyberSwap Retrieves $4.7 Million After Negotiations With Bot Operators
Decentralized exchange protocol KyberSwap announced that it had recovered $4.67 million in funds after a recent security attack that resulted...
Cosmos Hub greenlights ATOM inflation cut for security boost
The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum inflation rate of its native token,...
Tether, Bitfinex agree to drop opposition to FOIL request
Tether and Bitfinex have jointly agreed to drop initial opposition to a Freedom of Information Law (FOIL) request lodged in...
KyberSwap attacker used ‘infinite money glitch,’ Australia’s tax agency won’t clarify DeFi rules: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you...
There’s More to the Story
The latest in a string of DeFi platforms to be exploited, Kyber Network was attacked earlier today, with over $46...
KyberSwap DEX exploited for $46 million, TVL tanks 68%
Around $46 million in various crypto assets has seemingly been drained from the decentralized KyberSwap exchange in the latest decentralized...
dYdX founder blames v3 central components for ‘targeted attack,’ involves FBI
The founder of Decentralized finance (DeFi) protocol dYdX, Antonio Juliano, took to X (formerly Twitter) to share the findings of...
dYdX founder claims targeted attack led to $9M insurance claim
Decentralized exchange (DEX) dYdX was forced to use its insurance fund to cover $9 million in user liquidations on Nov....
dYdX raises margin requirements in some markets, bans “highly profitable trades”
Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund...
Yearn Finance’s YFI Token Tumbles 40% Daily Despite V3 Announcement
The native token of the Yearn Finance ecosystem has plummeted by 40% overnight, which led to certain speculations within the...
Aave Ecosystem Rebranding to Avara
Stani Kulechov – the founder of Aave Companies – has announced that the network of blockchain entities and ventures that...
RUNE Soars 40% Weekly as THORChain Claims 2nd Place in DEX Daily Trading Volumes
THORChain, a native asset settlement protocol, is now the second-largest decentralized exchange (DEX). Its native token, RUNE, has experienced a...
