Kujira Token Drops 47% After Massive Liquidation, Team Reports Attack
TL;DR The price of Kujira token (KUJI) has dropped by 42.68% in 24 hours, standing at $0.5451. The Kujira Foundation is facing a liquidation crisis with
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$266 Million Lost to Crypto Hacks in July: WazirX Takes the Biggest Hit
TL;DR In July, the cryptocurrency ecosystem suffered losses of nearly $266 million due to 16 hacks, with the WazirX exchange being the most affected. Bharat Web3
Tether’s Record $1.3 Billion Q2 Profit Puts It Among Top Treasury Holders Globally
TL;DR Tether reports record net operating profit of $1.3 billion for Q2 2024, bringing the total to $5.2 billion in the first half of the year.
Aptos Unveils USDY Stablecoin Backed by US Treasurys
TL;DR Ondo Finance introduces USDY, the first Treasury-backed stablecoin on the Aptos blockchain. It offers a 5.3% APY yield and integrates with major DeFi protocols on
Bitcoin ETFs See Massive $18.3M Outflow Amid Market Shake-Up
TL;DR Bitcoin ETFs experienced an outflow of $18.3 million on July 30. BlackRock’s Ethereum ETF, ETHA, saw an inflow of $118.0 million, outperforming its Bitcoin counterpart.
Research Claims Bots Drive Solana’s Transaction Boom, Overtaking Ethereum
TL;DR Solana metrics appear inflated, with many non-organic transactions. Solana faces high activity from fraudulent projects and volume manipulation via bots. There is a significant discrepancy
Ethereum (ETH) Set for Massive Price Swings, Outpacing Bitcoin in Volatility!
TL;DR Bitcoin hit $70K after Trump’s speech, but fell to below $67K due to the US government’s transfer of 30,000 BTC. Ethereum has performed relatively well
Lava Network’s Mainnet Debuts with $2M in Incentives and Google Cloud Partnership
TL;DR Lava Network launches public mainnet with support for Filecoin, Starknet, and Cosmos, and a $2 million incentive fund. Token strategy with a broader distribution and
21Shares Boosts Ethereum ETF Transparency with Chainlink Proof of Reserve Integration
TL;DR 21Shares has added Chainlink Proof of Reserve to the Ethereum mainnet to improve transparency for the 21Shares Core Ethereum ETF (CETH). Chainlink’s solution provides real-time
Breaking: Fuse Network Launches Consensus Contract on Flash Testnet and New Token Model
TL;DR Fuse Network has launched the consensus contract on its Flash Testnet, with major updates to its token and validator model. The network is transitioning to
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