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Arcadia Finance Users Reimbursed by DeFi Hack Insurance

Crypto-native insurance service Nexus Mutual reimbursed its customers who had lost money in the recent Arcadia Finance hack. According to a Monday announcement shared with Cryptox, Nexus Mutual reimbursed approximately $250,000 to users who lost funds in the Arcadia Finance hack. The protocol was hacked in mid-July for $3.5 million in USDC (USDC) and USDS on the Base blockchain, with stolen assets swapped to Wrapped Ether (WETH). The attackers siphoned funds directly from user accounts. Arcadia users who lost funds started filing claims on July 29 after a 14-day cooldown.…

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Tom Lee Is About To Make XRP Holders Very RICH!

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🚨 Arrête de regarder Bitcoin et ETH ..C’est ailleurs que ça se passe !

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Nous entrons potentiellement dans la phase 3 du bull run crypto, une période palpitante pour le Bitcoin, l’Ethereum et d’autres altcoins. La volatilité actuelle est alimentée par des rumeurs de la possible démission de Jerome Powell, influençant les prévisions macroéconomiques. Parallèlement, le prix du Bitcoin surpasse les 120,000 dollars alors que Solana s’impose en tant que cinquième crypto-monnaie en capitalisation suite à son pump récent de 10%. Les actifs de la blockchain suscitent un intérêt accru, notamment grâce à l’adoption croissante des…

How Curve Finance is Solving Impermanent Loss

Yield Basis, a protocol developed by the decentralized finance (DeFi) platform Curve Finance, mitigates impermanent loss for tokenized Bitcoin (BTC) and Ether (ETH) liquidity providers (LPs), while also creating a market-based approach to token inflation and emissions, according to Curve founder Dr. Michael Egorov.  Impermanent loss in crypto occurs when the price of assets deposited in a liquidity pool dips or deviates in a way that leaves the user with fewer funds than if they had simply held their crypto and not engaged in liquidity provisioning. Dr. Egorov told Cointelegraph…

XRP Is Set To Move Trillions — Banking CEO Drops Bombshell On Ripple’s Role In Tokenizing Finance

The Central banks, institutions, and payment corridors are experimenting with something deeper than crypto hype. From cross-border settlements to real-world assets, Ripple is building blockchain infrastructure. If recent comments from top banking executives are any indication, XRP may move trillions in value. The Settlement Layer No One Saw Coming According to KingXRP, the XRP Ledger (XRPL) is on the brink of a groundbreaking transformation that could unlock a staggering $196 trillion market through the emergence of RealFi and real-world finance powered by blockchain technology. His post includes a recent interview…

Crypto Treasurys Top $100B for Ethereum’s 10th Anniversary: Finance Redefined

Ethereum’s 10th anniversary was marked by a significant milestone in terms of institutional crypto adoption, as cryptocurrency treasury firms surpassed $100 billion in collective investments on Thursday. Ethereum’s 10th birthday brought renewed corporate interest in Ether (ETH), which saw the 10 largest corporate crypto treasury firms amass over 1% of the total Ether supply since the beginning of June, according to a Tuesday report by Standard Chartered. The bank predicted that corporations will eventually hold 10% of the total Ether supply, which may see the world’s second-largest cryptocurrency surpass the…