Category: Cosmos

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Attackers loot $5M from Osmosis in LP exploit, $2M returned soon after

Attackers have exploited a bug in the Osmosis exchange to the tune of $5M as FireStake validators admit to their role in racking up roughly $2M before stepping forward. Osmosis, a decentralized exchange (DEX) built on the Cosmos network, was halted just before 3:00 am EST on Wednesday after attackers exploited a liquidity provider (LP)…
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Binance US Adds Staking Services for 7 Different Crypto Assets

Binance US is now offering crypto staking services and the firm details that seven digital currencies are currently available with annual percentage yields (APYs) up to 18%. Customers can earn yields on proof-of-stake (PoS) cryptocurrencies that include binance coin, solana, avalanche, livepeer, graph, cosmos, and audius. Binance US Adds Staking Services On Twitter, Binance US…
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Osmosis DEX Hacked for USD 5M, Team Denies Liquidity Pools Being ‘Completely Drained’

  Osmosis, a proof-of-stake (PoS) blockchain with a decentralized exchange (DEX) application within the Cosmos (ATOM) ecosystem, has been exploited to the tune of some USD 5m. The project’s official Twitter account confirmed the hack but denied allegations that liquidity pools were completely drained. “Devs are fixing the bug, scoping the size of losses (likely…
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Two more spot crypto ETFs launch on Australian markets

Both of the new Australian exchange-traded funds by 3iQ Digital Asset Management will feed from its existing Bitcoin and Ethereum ETFs listed on the Toronto Stock Exchange. A further two cryptocurrency-backed exchange-traded funds (ETFs) have launched on the Cboe Australia exchange on June 7 bringing the total amount of crypto ETFs available to Australian traders…
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Biggest Movers: ATOM Falls Towards Multi-Week Low, as GRT Extends Recent Losses

ATOM fell towards a three-week low on Thursday, as crypto markets were victim to yet another red wave. Overall, markets are down nearly 5% as of writing, with GRT dropping by almost 10% lower on the day. Cosmos (ATOM) ATOM dropped towards a three-week low during Thursday’s session, as global crypto markets were nearly 5%…
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Biggest Movers: ATOM Remains Close to 1-Year Lows, as DOT Declines 8%

ATOM moved closer towards a one-year low on Wednesday, as prices dropped by nearly 10%. This came as DOT also declined during today’s trading session, when global crypto markets fell by over 3% as of writing. Cosmos (ATOM) On Wednesday, ATOM was one of the biggest movers in the session, as it fell by nearly…
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Terra’s Tendermint Touch — Cosmos-Based Token Economy Hit Hard by LUNA’s Demise

Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins collectively were worth $61.6 billion and since then, the Cosmos economy has lost…
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Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

Projects associated with Terra suffer losses of more than 80% as contagion spreads. Meanwhile, Maker (DAI) gets a boost as traders look for other decentralized stablecoin options. The knock-on effect of the collapse of Terra (LUNA) and its TerraUSD (UST) stablecoin have spread wide across the cryptocurrency market on May 11 as projects with any…
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Three new crypto ETFs to begin trading in Australia this week

Australians will soon have five options for cryptocurrency exchange-traded funds as the delayed funds from Cosmos and 21Shares launch this week along with 3iQ’s in the future. Australians will soon have more options for spot cryptocurrency exchange-traded funds (ETFs) after a previous hold-up was given the green light this week and new funds entered the…
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Failure to launch: Australia’s first 3 crypto ETFs all miss launch day

Three cryptocurrency exchange-traded funds (ETFs) scheduled to launch on the Cboe Australia exchange today were delayed due to “checks” still being undertaken. The launch of Australia’s first three Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETF) scheduled for today, has been delayed as a result of further “checks” needing to be completed. The exchange listing…
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