Price of Lido Finance native token plummets
The price of LDO, the native token of Lido Finance, dropped by approximately 10% earlier today after weeks of demand for Ethereum staking services and anticipating the Merge. The native token to Lido Finance has fallen, this is the biggest financial decline among the top 100 cryptocurrencies available for purchase. But since today’s low of […]
The Merge – Binance to halt ETH and ERC-20 deposits and withdrawals
Binance has announced plans to suspend deposits and withdrawals of Ether (ETH) and ERC-20 tokens once The Merge takes place i.e when the ETH network switches to its proof-of-stake (PoS) Beacon chain. The move was revealed by the largest exchange in the world by transaction volume in an effort to maintain stability during ‘The Merge,’ […]
Ethereum network quadruples Bug bounty up to $1M as the Merge approaches
The Ethereum Foundation stated it would quadruple the network’s bug bounty awards with prizes worth up to $1 million for white hat hackers ahead of the Merge upgrade. The Ethereum Foundation announced in a blog post on Wednesday that from August 24 to September 8, all “Merge-related bounties for vulnerabilities” will be tripled for white […]
Bitfinex launches ETHW and ETHS tokens
The two newly created chain split tokens that will enable trading on the fork event are ETHW and ETHS. Before the much anticipated Ethereum Merge, iFinex, the firm behind Bitfinex Derivatives, revealed on Tuesday that it has launched a new service (Tokens). Ethereum Chain Split Tokens (CSTs) are now accessible on the market. The two systems […]
BendDAO lending protocol runs out of ETH to pay lenders
BendDAO, a lending protocol, has exhausted the Wrapped Ether (wETH) in its contract with only 15 left and an estimated 15,000 Ether (ETH) at the moment that will be used to pay lenders. In a Twitter discussion, researcher NFTStatistics.eth broke down the problem and pointed out that NFT platform borrowers now had to pay 100% […]