The project has three options: pursue a merger with another crypto project, greenlight its acquisition by another project or sunset its services entirely. Merger offers have come in from Spool DAO and Idle Finance, while DHEDGE and Origin Protocol are eyeing acquisitions of MStable. Source
The beginning of 2023 raised hopes that the blockchain industry was on the path toward recovery, but weaker-than-hoped financial performance and a bout of negative news in February have cast doubts on this outlook. However, these headwinds do not affect all sectors of the industry uniformly. Nonfungible tokens (NFTs) and security tokens have managed to decouple from the broader environment and showed positive signs in February, but the rest of the market remains cautious. For those serious about understanding the crypto space’s various sectors, Cointelegraph Research publishes a monthly Investors…
The funding frenzy and competitive landscape speaks to the growth of the on-chain security landscape. While once only inhabited by tracing companies that retroactively follow the money, it’s now buzzing with smart contract auditors, economic risk analysis firms, white hats and monitoring platforms that seek to mitigate the damage. Source
Coinbase might be set to integrate several other protocols with Base, starting with Aave and Uniswap. American crypto exchange Coinbase Global Inc (NASDAQ: COIN) is reportedly making moves to bring decentralized finance applications Aave and Uniswap to Base. According to a CoinDesk report, the plans were revealed by a source who is closely familiar with the situation. Addition to Coinbase L2 Network Base: Aave and Uniswap Apps Recall, as Coinspeaker reported a month ago, Coinbase recently launched Base — its layer-2 network. However, the blockchain was built using the Ethereum-scaling…
The U.S. Treasury Department is close to releasing a risk assessment analyzing criminal use of decentralized finance (DeFi), according to Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg. Source
Decentralized apps have held up well amid the turmoil that is afflicting the crypto industry. While Coinbase is among the largest and most influential of the centralized crypto trading platforms, the firm clearly understands the value attached to ecosystems and hence the drive to incubate a decentralized blockchain network. Source link
Contagion from the Dec. 12 flash loan attack against Euler has spread far and wide, resulting in frozen or lost funds for 11 different decentralized finance (DeFi) protocols, according to Dec. 13 reports from each of them on Twitter. Balancer, an Ethereum protocol with over $1 billion total value locked (TVL), is among the affected protocols. Below is a rundown of the major exploits and what we know so far. Balancer Balancer reported on March 13 that the Euler Boosted USD (bb-e-USD) pool had been affected by the exploit. Approximately $11.9…
FRC and EUL’s price actions underscores how investors’ perceptions of market events can be more influential than the actual events themselves. First Republic has not defaulted, gone insolvent or been seized by the government; in fact, it raised $70 billion over the weekend to shore up its liquidity. Meanwhile, Euler has lost hundreds of millions of dollars that it has little hope of getting back. Yet traders punished FRC shares more severely. Source
“The immense research invested into Aztec Connect will be usable and indeed critical to the development of our next-gen product,” wrote the Aztec team in a Medium post. “Having an encrypted rollup live and in production gives us confidence in our shift to focusing on a fully programmable version.” Source
The losses occurred over four transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC. Source