dYdX Restores v3 of Website Following DNS Attack
dYdX effectively restored version 3.0 of their website following an apparent domain name service (DNS) hijacking attempt and warned users to clear their browser’s cache before visiting the website. Within three hours of the announcement of the compromise, the team successfully restored the cryptocurrency exchange’s website. In an X post on July 23, dYdX also […]
Binance Reports DeFi TVL Surges 72% to $94B This Year
A recent report from Binance indicates that decentralized finance (DeFi) activity has increased by 72% to $94.1 billion in the first half of the year. The DeFi space saw inflows in the first six months of the year, with total value locked (TVL) jumping to $94.1 billion, a 72.8% increase. Almost all sectors of the […]
Hong Kong Eyes DeFi, Metaverse for Fintech Expansion
Hong Kong’s government research has identified decentralized finance (DeFi) and metaverse technologies as potential for expansion in the global fintech sector. On June 25, the Hong Kong Institute for Monetary and Financial Research (HKIMR), the Hong Kong Academy of Finance (AoF) research branch, published two reports that each comprehensively analyzed the financial sector’s implications related […]
Pyth Partners with Morpho, Gauntlet for DeFi Lending
Pyth Network has partnered with Morpho and Gauntlet, two development teams specializing in decentralized finance (DeFi), to enhance lending and borrowing on Ethereum and Base. The partnership’s objective is to provide lending protocols that are more secure and efficient by utilizing Python’s low-latency price data. Michael Cahill, the co-founder and CEO of Douro Labs, a […]
Slerf Memecoin Creator Teases New DAO for Token Holders
The Solana memecoin Slerf, which has a sloth motif seems to be planning to create a decentralized organization to direct its development. The developer of Memecoin, Slerf, revealed plans to create a community board and a decentralized autonomous organization (DAO) for holders of NFT and the SLERF token on the Solana blockchain. Slerf “accidentally” burnt about […]