Quick take: Popular DeFi tokens such as YFI, COMP, SUSHI and CRV are down by over 60% since their all-time high values DeFi tokens continue to correct due to the current crypto market environment The overall...
Summary: Euler Finance was drained of DAI tokens, staked Ether, USDC, and wrapped Bitcoin after a flash loan attack. On-chain security firms BlockSec and Peckshield said losses from the exploit were over $190 million in cryptocurrencies....
Quick take: Ethereum’s correlation to Bitcoin had dropped to as low as 0.42 in late November Such levels were last seen in 2018 Ethereum’s correlation to Bitcoin has since increased to 0.75 This is an increment...
Quick take: The Tron (TRX) and Waves projects have announced a strategic partnership. The partnership will enhance inter-chain communication between the two networks. Key to the partnership is the use of Gravity, an Oracles and Cross-Chain...
Summary: Arthur Hayes has cautioned the crypto community against believing Goldman Sachs will risk its own money to buy assets from the Celsius Network. Mr. Hayes explained that Goldman Sachs would simply assemble a bunch of...
Quick take: A spreadsheet has been shared on Twitter allegedly showing how much Twitter influencers get paid to shill crypto projects Twitter influencers with higher followers are paid more to shill a tweet and retweet Shilling...
Quick take: The total value locked on Uniswap is on track to break $3 Billion The Uniswap protocol recently celebrated its second anniversary Uniswap (UNI) might have finally bottomed in the crypto markets The Uniswap (UNI)...
Summary: ChainLink is once again attempting to retake the $12 price area and turn it into support LINK’s bullishness comes after Bitcoin retakes $13k and prints a 2020 peak at $13,498 Binance has added ChainLink as...
Quick take: According to Coinmetrics, the combined market cap of popular DeFi tokens has increased with Bitcoin’s recent surge The total value locked in DeFi is still above $13 Billion The total value locked in UniSwap...
Aave V3 users will be able to mint GHO tokens on Ethereum’s mainnet if the proposal is approved by the community. The proposal also suggested using staked Aave coins as a way to cut down GHO...
Summary: Sky Mavis, the parent company of Axie Infinity, expects to reimburse hack victims on June 28th. The Ronin Network bridge is also expected to reopen on the same day. The parent company and developer of...
Quick take: UniSwap is now the leading DeFi protocol in terms of Total Value Locked At the time of writing, $1.94 Billion is locked in Uniswap UniSwap’s TVL has eclipsed Aave, Curve Finance, Maker and Yearn...