Highlights Yuga Labs successfully recovered 68 NFTs at risk from Flooring Protocol following an exploit, valued at over $500,000. Despite a cooling market, high-value collections like CryptoPunks and Bored Ape Yacht Club continue to sustain significant floor prices. The Flooring Protocol, already facing challenges, is winding down operations, prompting asset...
Author: Harper Smith
BIS Project Agorá: Revolutionizing Tokenized Payments to Minimize Settlement Risks!
Highlights Project Agorá aims to revolutionize cross-border wholesale payments, enabling near-instant settlements while reducing risks. Collaboration among seven central banks and over 40 financial institutions showcases a significant step towards modernizing global payment systems through tokenization. The project is moving towards real testing phases, addressing essential areas such as cybersecurity...
Kraken Shifts Gears: Moving from LayerZero to Chainlink in Response to Kelp DAO Breach
Highlights: Kraken shifts from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) following security concerns. Multiple protocols, including Kelp DAO and Solv, are migrating to Chainlink CCIP, enhancing security in cross-chain transactions. LayerZero's token has seen a significant decline, while Chainlink's token remains stable amid market fluctuations. Introduction: A Shift in...
