Curve (CRV), the native token of the Curve Finance decentralized exchange (DEX) and the governance token of the Curve DAO (decentralized autonomous organization) rallied 7% on Friday to $0.61 after a hacker who stole millions in funds from the exchange and other decentralized finance (DeFi) protocols began returning funds…. Read More: Curve Price Prediction as…
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A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains. On July 30, Curve Finance, a decentralized exchange on Ethereum, suffered a hack due to a vulnerability in certain pools built using the Vyper programming language. The price of Curve DAO…
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Some analysts have provided possible ways the exchange was exploited and pinned potential initial losses at over $600,000. Decentralized exchange LeetSwap, which operates on Coinbase’s Base network has announced a pause on trading, citing concerns of a potential exploit. LeetSwap tweeted on Aug. 1 that it noticed some of its liquidity pools may have been…
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GMX, the governance and utility token that powers GMX, an Arbitrum-based decentralized exchange (DEX) for trading perpetual cryptocurrency futures with leverage, has tanked around 6.5% in the last 24 hours, as per CoinGecko. That makes gives it the unwelcome crown of being the worst-performing cryptocurrency in the top 100 by market capitalization over this time…
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The top 100 DeFi tokens had a mixed week, with most of the tokens continuing to trade in a similar range as the previous week. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Deutsche Bank Applies for German Digital Asset Custody License, Scam Trezor App Warning, Japan’s Crypto Exchanges Urge Regulators to Relax Margin Trading Restrictions, New Banking Restrictions for Australian…
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Ethereum price looks poised for additional downside as low as the $1,560 level. Ether (ETH) price plunged 7% between June 14 and June 15, reaching its lowest level in three months and impacting investors’ view that the altcoin was en-route to turning $2,000 to support. It is worth noting that the $1,620 bottom represents a…
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On June 13, the largest decentralized exchange (dex) in terms of global trade volume, Uniswap, published a summary of the dex platform’s Version 4 and an early implementation of the code. Uniswap states that the dex version will offer a variety of new features, including a method to customize liquidity pools with a functionality called…
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The new version features “hooks” that will allow for more customized options, but it will not be implemented until more feedback is obtained from the community. Uniswap Labs has released a draft of the code for Uniswap V4, according to a June 13 blog post from Uniswap’s Founder, Hayden Adams. The new code features “hooks”…
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The overall value of the crypto economy has dropped by more than 5% against the US dollar in the past 24 hours, with the top smart contract token sector losing more than 8% in the same time frame. The downturn has also affected the decentralized finance (defi) sector, with the total value locked in defi…
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