131280
🔹 Daily DeFi & Ethereum News 🔹 Join also: @Metaverse_Defi_Nfts_Trading Contact for cooperations only: @ChengTF
📊 DeFi Apps Frontend Targeted in Domain Registry Attack on Squarespace
On July 11, several decentralized finance (DeFi) apps fell victim to a domain registry attack, according to a post on X by Blockaid. The initial investigation suggests the attacker is targeting domain names hosted by Squarespace, putting any DeFi app using a Squarespace domain at potential risk. The attacker managed to take over the DNS registry for Compound Finance and attempted, but failed, to do the same with Celer Network's registry.
Source
/channel/DeFi_Ethereum
🆘 DeFi apps targeted in apparent Squarespace DNS registry attack: Blockaid
Multiple decentralized finance (DeFi) apps were targeted in a domain registry attack on July 11, according to an X post from blockchain security platform Blockaid. The attacker has taken control of the DNS registry for Compound Finance and has attempted — but failed — to take control of Celer Network’s registry. After a preliminary investigation, Blockaid concluded that the attacker is targeting domain names provided by Squarespace, potentially putting any DeFi app with a Squarespace domain at risk.
Source
/channel/DeFi_Ethereum
📣 Lyra Finance Offers Leveraged Exposure to ETH Through Ethena
Lyra Finance, a DeFi platform offering tokenized derivatives and yield, is offering an extra 2.5x on sUSDe yields when ETH rises via a partnership with Ethena. Users who deposit into Lyra’s new sUSDeBULL vault will be earning LDX Points from Lyra and Ethena Sats, while maintaining exposure to Lyra’s automated options strategy that is meant to increase yields as ETH goes up, and preserve yield when the ETH price chops.
Source
/channel/DeFi_Ethereum
Breaking: 🪙 Uniswap Labs Urges SEC to Rethink DeFi Rule Expansion
Uniswap Labs has formally petitioned the U. S. Securities and Exchange Commission (SEC) to revisit the proposed rule changes it has made to the Securities Exchange Act of 1934 with the aim of broadening the definition of an “exchange”. Uniswap claims the proposed changes would trespass the SEC authority over the DeFi platforms and are likely to be voided by the Supreme Court based on the recent decision.
Source
/channel/DeFi_Ethereum
📣 Taiko Launches DeFi Challenge in Trailblazers Campaign
Taiko, a prominent player in the blockchain space, has announced the fourth installment of its Trailblazers campaign, dubbed the Trail 4 challenge. This initiative, set to run from July 8th to July 21st, 2024, invites participants to delve into decentralized finance (DeFi) by engaging with various partner protocols, according to taiko.mirror.xyz.
Source
/channel/DeFi_Ethereum
📊 DefiLlama reveals how crypto hackers stole $664m from investors in 2024
Crypto investors lost $664 million to hackers in the first half of the year, marking a more than 50 percent increase compared to the same period last year, DefiLlama data revealed. It noted that crypto hackers were often skilled bad actors, who work for cybercrime syndicates, such as North Korea’s state-sponsored Lazarus Group, which was suspected of having stolen billions in crypto.
Source
/channel/DeFi_Ethereum
📊 Pendle's TVL Drops 45% as Key Markets Mature
Yield trading protocol Pendle’s Total Value Locked (TVL) plunged by 45% in just a week, dropping to $3.5 billion from $6.2 billion, according to DeFiLlama data. This sharp decline happened as several liquid restaking markets, including Ether.Fi’s eETH, Renzo’s ezETH, Puffer’s pufETH, Kelp’s rsETH, and Swell’s rswETH, matured on June 27. When these markets matured, they allowed users to redeem their principal investments, leading to substantial capital withdrawals.
Source
/channel/DeFi_Ethereum
📣 DeFi restaking protocol Symbiotic TVL Triples To $1B Within 24 Hours Of Raising Deposit Limits
The TVL of Symbiotic, the upstart Ethereum restaking protocol seeking to challenge EigenLayer’s dominance, tripled in less than 24 hours to more than $1 billion after increasing its deposit limit. On July 3, Symbiotic raised its deposit cap from roughly 92,000 ETH, inspiring users to pile 232,028 ETH liquid staking tokens (LSTs) worth more than $700,000 into the protocol.
Source
/channel/DeFi_Ethereum
📣 DeFi Lender Liquity To Undergo “Friendly Fork” In V2 Upgrade
Liquity, a Decentralized Finance (DeFi) lender is prepared to undergo a “friendly fork” as part of its v2 upgrade. In a blog post, the protocol stated that it decided to go through the friendly fork after an intense reflection on the history of its v1. This review coupled with Liquity’s desire to take a more proactive approach with third-party deployment of its v2 upgrade. Ultimately, Liquity sees the possibility of having the v2 codebase as the preeminent solution for launching a collateralized onchain stablecoin.
Source
/channel/DeFi_Ethereum
📊 DeFi Protocol Pendle’s TVL Drops 40% In A Week
Over the last week, Pendle, a popular DeFi protocol that led the EigenLayer boom, witnessed a 40% drop in the total-value-locked (TVL). At one point, Pendle had managed to gather more than $6 billion in user deposits but has now lost nearly one-third of that. Since last Wednesday, users have withdrawn $3 billion from Pendle deposits, a large part of it belonging to liquid re-staking tokens. As of Monday, the value of the user deposits in DeFi protocol Pendle was $3.7 billion.
Source
/channel/DeFi_Ethereum
📣 Starknet allocates additional 50 million STRK to DeFi program
The Starknet Foundation has announced an additional 50 million STRK allocation to its DeFi Spring program, according to details published on Monday. DeFi Spring 2.0 is Starknet Foundation’s new commitment to growing the decentralized finance (DeFi) ecosystem of Starknet, an Ethereum Layer-2 rollup ecosystem.
Source
/channel/DeFi_Ethereum
⚫️ Solana Surpasses Ethereum in Daily DEX Trading Volume
Solana has overtaken Ethereum in daily decentralized exchange (DEX) trading volume, according to recent data from DefiLlama. Solana-based DEXes reported $1.148 billion in daily trading volume, outpacing Ethereum’s $736.62 million. Several Solana platforms, including Raydium, Meteora, Orca, Phoenix, and Lifinity, now rank among the top 10 DEXes by daily trading volume. Uniswap and PancakeSwap continue to lead the market overall.
Source
/channel/DeFi_Ethereum
💰 Bitflow DEX Aggregator Emerges as the Liquidity Hub on Stacks to enhance Bitcoin DeFi functionality
Bitflow, a leading player in the Bitcoin DeFi ecosystem, proudly announces its expansion as a decentralized exchange (DEX) aggregator on the Stacks chain. A DEX aggregator sources liquidity from multiple decentralized exchanges to ensure optimal prices, low slippage, and efficient transactions. Similar to Jupiter Aggregator on Solana and 1inch on Ethereum, Bitflow aggregates liquidity to provide the best trading rates across Bitcoin layers.
Source
/channel/DeFi_Ethereum
📣 Andromeda & Injective Announce Strategic DeFi Partnership
Andromeda and Injective have announced a strategic partnership. The collaboration, revealed on June 27th, 2024, in Sigonella, Sicily, Italy, aims to accelerate DeFi adoption by combining the strengths of both platforms. Andromeda, known for its Web3 Operating System called aOS, is joining hands with Injective, a blockchain specifically designed for financial applications. This integration is expected to unlock new economic opportunities and use cases in the world of decentralized finance.
Source
/channel/DeFi_Ethereum
📣 North Korea's Lazarus Group Exploited Defi Protocol Alex Lab for $4.3 Million, Probe Reveals
Bitcoin layer-two developer Alex Lab revealed that an investigation linked the North Korea-linked Lazarus Group to the $4.3 million exploit that occurred on May 16. Alex Lab has facilitated communication between the Singapore Police Force and relevant cryptocurrency exchanges as part of the ongoing investigation.
Source
/channel/DeFi_Ethereum
🆘 More Than 220 DeFi Protocols Still 'at Risk' From Squarespace DNS Hijack
In the wake of the recent DNS hijacking attack on decentralized finance (DeFi) protocols, fresh insights have emerged about the potential extent and nature of the breach. The incident, highlighted by various sources, including blockchain security firm Blockaid, involved attackers targeting DNS records hosted on Squarespace. Those records were redirected to IP addresses associated with known malicious activities, Ido Ben-Natan, co-founder and CEO of Blockaid, told Decrypt.
Source
/channel/DeFi_Ethereum
📣 Stellar Network Brings DeFi to the Unbanked With Smart Contract Platform
Banking the unbanked has been touted as one of the core use-cases of crypto since its inception—but the industry’s faced challenges in the form of high transaction fees and a lack of dedicated infrastructure. Launched earlier this year with the Protocol 20 update, the upgrade to the Stellar network introduces smart contracts into the Stellar ecosystem—and aims to bring the industry closer to its goal of becoming the digital financial rails for those without access to banks or other financial services.
Source
/channel/DeFi_Ethereum
🗣️ "Bitcoin can reach $100,000 by the end of this year" - Anthony Scaramucci
What's your prediction? Which number will it reach?
🐳 - 100k
⚡️ - 90k
❤️ - 75k
🌚 - 50k
🤝 @Cryptocurrency_Inside ✅
📣 DeFi Data Firm API3 Launches OEV Network for DeFi Projects EthCC 7
API3, a service that provides DeFi data feeds to blockchain-based smart contracts, has launched the oracle extractable value (OEV) network. In an announcement made at EthCC 7, hosted in Brussels, the capital of Belgium, API3 said the OEV Network is a first-of-its-kind onchain solution that can recapture OEV. This refers to oracles making use of their position to capture value that would otherwise have gone to third parties.
Source
/channel/DeFi_Ethereum
📊 NextGen DeFi Asset Management Automation Layer to be Showcased at ETHcc7
IPOR Fusion, a meta DeFi aggregation, execution, and intelligence engine, presents a unified liquidity framework for on-chain asset management at ETHcc7. Zug, Switzerland – IPOR Labs, the company behind the IPOR interest rate derivatives protocol and IPOR Fusion, has announced its sponsorship of the biggest Ethereum ecosystem event in Europe – ETHcc[7].
Source
/channel/DeFi_Ethereum
⬜️ OKX Enhances DeFi Ecosystem with Geode Finance Partnership
OKX Wallet has announced its integration with Geode Finance, a pioneering decentralized protocol for staking solutions on the Ethereum blockchain. According to the new release, the OKX Wallet will users to access Geode’s advanced staking library in the staking pools of their choice. Geode Finance also improves security and yield-bearing assets with a staking model that offers stability and the possibility of increased fiat accessibility.
Source
/channel/DeFi_Ethereum
🔵 Inside Aave founder Stani Kulechov’s ‘grand plan’ as the $11bn DeFi lender leapfrogs MakerDAO
Aave Labs built its brand over the last seven years by setting up a no-frills lending platform. It shunned complexity and weathered the 2022 bear market as a steady DeFi banking business. It comprises a stablecoin, called GHO; a crypto wallet called Family; and Lens Protocol, and a social media network that is in the process of raising $50 million from investors.
Source
/channel/DeFi_Ethereum
📣 Pendle DeFi Faces TVL Drop, New Catalysts on the Horizon
Pendle DeFi’s Total Value Locked (TVL) has slumped dramatically. Pendle’s TVL was noted at $6.18 billion as of June 27, but it has dropped 42% to $3.6 billion since then. This article explores the causes of this notable drop, forthcoming Pendle catalysts, and the yet-unrealized possibilities in the protocol. Pendle’s TVL drop results mostly from maturation of some liquid restaking market pools on June 27. Many players left the point-farming game at this stage due to their disapproval of the approaching LRT airdrop.
Source
/channel/DeFi_Ethereum
📣 HTX Ventures Invests in RedStone Oracles to Expand Modular DeFi Infrastructure
In support of a more efficient and user-friendly DeFi market, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in RedStone. RedStone is one of the fastest-growing modular oracles in 2024 that delivers diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks, and beyond, including Starknet, Fuel Network, and TON.
Source
/channel/DeFi_Ethereum
🔵 Aave DAO launching GHO stablecoin on Arbitrum
Aave’s decentralized autonomous organization is launching its GHO stablecoin on the Arbitrum blockchain as part of its "cross-chain expansion strategy." "The multi-collateralized stablecoin native to the Aave Protocol, will utilize the industry standard Chainlink Cross-Chain Interoperability Protocol (CCIP) and rollout progressively, beginning with Arbitrum as the first network and expanding over time to other networks," according to a statement.
Source
/channel/DeFi_Ethereum
🐴 Uniswap Wallet brings on Transak to provide fiat on-ramping services
Web3 payment infrastructure provider Transak has partnered with Uniswap Labs to serve as a fiat on-ramp partner, facilitating fiat purchases of crypto directly in the Uniswap Wallet. Transak announced the collaboration Monday, saying it will give users “a smooth and intuitive on-ramp experience, simplifying their entry point into decentralized finance (DeFi).”
Source
/channel/DeFi_Ethereum
📣 Hong Kong eyes DeFi, DAO spent $37M to help free Julian Assange: Finance Redefined
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. After 14 years of fighting against extradition to the United States, Julian Assange is a free man. AssangeDAO — a decentralized organization created to help raise funds for Assange’s legal fight — revealed that it spent $37 million to help the WikiLeaks founder secure his freedom.
Source
/channel/DeFi_Ethereum
📣 Decentralized Finance Unlocks New Potential for Treasury Teams
Decentralized Finance (DeFi) is transforming the financial landscape, offering new opportunities for corporate treasury teams. By leveraging blockchain technology, DeFi enhances liquidity access, yield farming, and transparent cross-border transactions. Traditional financial systems often involve intermediaries, slowing transactions and increasing costs. DeFi eliminates these middlemen, enabling direct peer-to-peer transactions, reducing costs, and speeding up processes.
Source
/channel/DeFi_Ethereum
🥇 Bitflow launches liquidity hub to enhance Bitcoin DeFi functionality
Bitflow has gone live with several new functionalities for its Bitcoin Layer 2 (L2) decentralized exchange (DEX). The company says the new features will help elevate Bitcoin DeFi (BTCFI) to a standard comparable to Ethereum’s mature DeFi ecosystem. The advancements in Bitflow’s Liquidity Hub upgrades the decentralized finance experience on Stacks, bridging the gap between Bitcoin and Ethereum DeFi functionalities.
Source
/channel/DeFi_Ethereum
📊 CoinDCX launches Web3 mode on its app enabling access to 50k DeFi tokens
CoinDCX on Tuesday announced the launch of a Web3 mode within the crypto exchange app, giving around 15 million users access to over 50,000 DeFi (decentralised finance) tokens. The firm’s user base can purchase tokens through the CoinDCX app using Indian rupees (INR), and subsequently transfer them to Web3 mode for purchasing assets within the ecosystem.
Source
/channel/DeFi_Ethereum