Injective Unveils First-Ever Solana Rollup for Cosmos
Injective – a layer 1 blockchain – announced the first-ever Solana rollup launch for Cosmos. According to the official press...
NFT News
Not an issue as ‘99% have nothing to hide,’ industry execs say
DeFi execs at the World of Web3 (WOW) Summit in Hong Kong argued that implementing “Know Your Customer” (KYC) measures...
UK Treasury Drops Plans to Launch NFT, Keeps Proposal Under Review
The United Kingdom has dropped its plans to launch a government-backed non-fungible token (NFT) aimed at enhancing the country’s approach...
Gucci Forges Multi-Year Partnership With BAYC Creator YUGA Labs
Gucci announced a multi-year partnership with Yuga Labs, the company behind well-known NFT collections such as Bored Ape Yacht Club...
A net positive for the entire crypto industry
Paris Blockchain Week 2023 brought together some of the biggest names in the blockchain and crypto industry. Starting on March...
EUL Jumps 35% as Euler Finance Hacker Returns Another $100M Worth of Ethereum
The hacker behind the largest DeFi exploit of 2023 continues to demonstrate controversial behavior, as this time, they returned the...
Arbitrum Discord hacker shares phishing announcement amid airdrop hype
The crypto community’s warning against fake Arbitrum (ARB) airdrops materialized as hackers managed to drop a phishing link into Arbitrum’s...
Arbitrum airdrop sees 1,500 addresses consolidate $3.3M into two wallets
As the hype surrounding the Arbitrum (ARB) airdrop continues, on-chain activity shows that airdrop hunters consolidated tokens worth around $3.3...
Magic Eden Launches Bitcoin NFT Marketplace
Multi-chain non-fungible token (NFT) marketplace Magic Eden has launched a “fully audited” marketplace on the Bitcoin network as interest in...
DeFi insurance payouts amounted to $34.4M in 2022: Report
According to a March 21 report published by decentralized finance analytics firm OpenCover, DeFi insurance companies paid out $34.4 million...
DeFiLlama Apologizes for Internal Conflict Over LLAMA Token Launch
Decentralized finance analytics firm DeFiLlama apologized for the internal conflict that brewed over the weekend. In an update shared on...
Project claiming to be ‘AI-powered’ drains $1M from users
As artificial intelligence (AI) recently became a trending topic due to the capabilities displayed by ChatGPT v4, a project claiming...
Silicon Valley Bank Drags Down NFT Trading Volume by 51%: Report
Silicon Valley Bank (SVB) was the backbone of many startups and venture capital funds around the world. Its collapse signifies...
Euler Finance hacker starts returning stolen Ether
The recent attack that drained $197 million from Euler Finance was dubbed the biggest decentralized finance (DeFi) hack of 2023...
Euler Finance Hacker Rejects $20M Offer, Mixes 1,000 ETH in Tornado Cash
On March 16, the $200 million hack of the Euler Finance lending protocol took an unexpected turn when the perpetrator...
Decentralized Exchanges Come as Winners Amidst USDC Depegging
Last week’s collapse of Silicon Valley Bank (SVB) and the subsequent contagion appeared to have worked in favor of the...
Keep $20M or face the law
Ethereum-based noncustodial lending protocol Euler Finance is trying to cut a deal with the exploiter that stole millions from its...
Uniswap Hits ATH of Almost $12B in Trading Volume Amidst USDC Crisis
The decline of centralized entities has worked out well for their decentralized counterparts. Over the weekend, USDC witnessed a significant...
Privacy-focused blockchain network closes Aztec Connect tool
Privacy-oriented blockchain platform Aztec is preparing to shut down Aztec Connect, the network’s privacy infrastructure serving as the encryption layer...
Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount
Several USD Coin (USDC) holders have fled to other stablecoins since March 10 amid fears surrounding its solvency following the...
Crypto funding shifts from CeFi to DeFi after major collapses: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you...
NFTs Are Not Securities Yet, According to Germany’s BaFin
Several jurisdictions across the world have bolstered efforts to regulate the digital assets industry. In Germany, too, the financial regulator...
