Highlights: - Balancer suffers a critical decentralized finance (DeFi) hack, resulting in over $116 million losses due to suspected faulty smart contract controls. - Stream Finance faces a $93 million loss precipitating a wider crisis in DeFi, affecting liquidity and other protocols. - New initiatives emerge in the DeFi space,...
Author: Riley Parker
Balancer Faces Ongoing Exploit: Over $116 Million in Funds Withdrawn!
Highlights: - Balancer, a decentralized exchange, has faced a major exploit, with over $116 million worth of digital assets siphoned off to a new wallet. - The Balancer team is offering a 20% bounty for the safe return of the stolen funds, emphasizing a collaborative effort with forensic experts and...
A $230B Catastrophe Strikes: Fear Grips the Crypto Market Overnight!
Highlights The crypto market's Fear & Greed Index has plunged to levels not seen since April, indicating a shift to "fear" among investors. Over $230 billion was wiped from the crypto market in a single day, marking a significant downturn in major cryptocurrencies and assets. Memecoins, NFTs, and ETFs also...
Coinbase Invests $25M to Bring Back a Thriving Podcast from the Last Bull Run!
Highlights Coinbase has acquired a vital NFT for $25 million to revive the UpOnly podcast, aiming to reconnect with its strong fan base. The original UpOnly podcast gained traction during the 2021 crypto boom, featuring notable industry interviews before its abrupt hiatus. The announcement sparked remarkable volatility in the memecoin...
