Rho Markets Faces $7.6M Loss from Gray Hat Hackers
Rho Markets experiences a temporary $7.6M loss of user assets due to gray hat hackers. In an intriguing development, Rho Markets, a lending protocol that operates on the Ethereum layer two networks Scroll, suffered a harrowing encounter with grey hat hackers that resulted in the temporary loss of $7.6 million in users’ assets. Rho Markets […]
US Spot Bitcoin ETFs See $17B YTD Net Flows
Eric Balchunas highlights the $17B net flows in US Spot Bitcoin ETFs as a key indicator of genuine demand and adoption, independent of price appreciation. Eric Balchunas, a Senior Bloomberg ETF Analyst, observed that this is the inaugural instance of the offering reaching this level. He believes that this figure is the most critical to […]
Terra Luna Classic Finalizes Key Upgrade Changes
Terra Luna Classic finalizes the tax distribution upgrade, diverting rewards to the Oracle Pool and causing a brief delay. The final modifications to the tax distribution enhancement have been implemented by the developers of Terra Luna Classic. A release of the Terrad client is generated that will redirect short-term rewards to long-term rewards after the […]
Community Approves for Aave V3 on Aptos Mainnet
Aave community approves V3 deployment on Aptos Mainnet, marking its first move into a non-EVM blockchain. The deployment of Aave V3 on the Aptos Mainnet has received enthusiastic support from the Aave community. This decision, made through a community referendum that concluded on July 19, 2024, represents the tokens’ initial entry into a blockchain ecosystem […]
Hong Kong Legislator Criticizes HKMA Stablecoin Sandbox Transparency
Hong Kong legislator expresses concerns about the transparency of the HKMA stablecoin sandbox program, questioning the procedure and timing for official licensing. Hong Kong’s ambitious effort to become a global hub for virtual assets and Web3 technologies has encountered a stumbling block, with concerns raised over the transparency of its regulatory sandbox for stablecoin issuers. […]