Solana’s Cypher Protocol Loses $1 Million Following Security Breach
Cypher Protocol, a decentralized finance (DeFi) protocol built on the Solana Blockchain, fell victim to a substantial security breach resulting...
DeFi
US Crypto Traders Take Another Hit As MakerDAO Blocks Access To DeFi Lending Platform
Popular decentralized finance (DeFi) platform MakerDAO has blocked US-based users' access to its lending platform Spark Protocol. However, it remains...
Aave Chan Initiative Proposes To Buy $2 Million CRV From Curve Founder
Founder of delegate platform Aave Chan Initiative (ACI), Marc Zeller, has proposed that the Aave Treasury purchases $2 million worth...
zkSync-Native DeFi Aggregator Kannagi Finance Rug Pulls $2 Million
DeFi protocol Kannagi Finance launched only a month ago, promising high yields for stablecoin deposits and lending. As such, the...
Tokenized BTC On Ethereum Plunges 44% in 1 Year, What Happened?
According to data from Dune Analytics on July 24, the amount of Wrapped Bitcoin (wBTC), a synthetic form of Bitcoin, circulating...
DeFi Disaster: How Hackers Pilfer $3.26 Million From A Major Protocol
Conic Finance, a major player in the DeFi industry, has faced a setback following an exploit that targeted the ETH...
The Catalysts Behind A Potentially Brewing DeFi Summer
The contraction phase of the cryptocurrency market cycle appears to be coming to an end. Led by a recovery in...
Algorand’s Biggest DeFi Project AlgoFi Set To Shut Down
Algorand’s largest DeFi protocol, Algofi, has announced it will be shutting down in the coming months. According to a blog...
