Centralized Crypto Lending Firms are to Blame for their Failure
Robert Leshner of Compound Finance has said centralized crypto lending firms are to blame for their failure and is good for DeFi protocols.
Crypto News
DeFi
Crypto News
DeFi
MakerDAO vote to Extend a $100 Million Loan to a U.S. Bank
MakerDAO is voting on a proposal that will see Huntingdon Valley Bank access a $100 million line of credit.
Crypto News
Ethereum
Over $8.2 billion of Ethereum (ETH) burnt in 331 Days
Over $8.2 billion worth of Ethereum (or more than 2.5 million ETH) have been burnt in 331 days following the activation of EIP-1559.
Crypto News
DeFi
Harmony Bridge Exploited for over $100 Million in ETH
On June 24, the Harmony Bridge was hacked and roughly $100 million of ETH stolen, the team has confirmed. The BTC Trustless bridge is secure.
Crypto News
Ethereum
Institutions Appear to be Exiting their Ethereum (ETH) Positions
Crypto institutions appear to be exiting their Ethereum positions as on-chain activity droop, according to data from Coinshares
Crypto News
DeFi
Compound Finance Founder Wants DeFi Protocols to be More Transparent
Robert Leshner of Compound Finance protocol said DeFi needs more transparency now than before following collapse of recent crises.
Crypto News
DeFi
Celsius Network Pays a $47.1 Million Loan, CEL Rallies 100%
CEL, the native token of the Celsius Network, is up a massive 45 percent against the USDT in the past trading day, defying gravity.
Crypto News
DeFi
Osmosis, a DeFi Protocol, lost $5 Million due to Bug Exploit
Osmosis, a proof of stake blockchain and DEX on the interoperable Cosmos ecosystem, has lost $5 billion following a bug exploit.
Crypto News
DeFi
Tether (USDT) is Wobbly Hours after UST Crash
Tether is trading below the $1 peg, a concern that users claim may further heap pressure on crypto assets hours after UST crashed.
Crypto News
Ethereum
Vitalik Admits Influence in Ethereum Waning
Vitalik Buterin role in Ethereum has been rapidly decreasing pointing to increasing level of decentralization in the home of DeFi and NFTs.