Nexera Protocol Faces $1.5M Smart Contract Exploit
A smart contract security incident has resulted in the exploitation of the Nexera protocol, resulting in the theft of $1.5 million in digital assets. According to an August 7 X post by Cyvers, Nexera, a decentralized finance (DeFi) protocol that sought to connect DeFi with traditional finance, was compromised for $1.5 million in Nexera (NXRA) […]
AI DApps Take Lead in Thriving Web3 Ecosystem
The decentralized application (DApp) industry is substantially transforming as AI-based DApps assume the lead in the Web3 ecosystem, overtaking gaming. AI DApps currently dominate the market, accounting for an impressive 28% of daily activity, as per DappRadar’s DApp Industry Report for July 2024. AI DApps Overtake Gaming Industry For the first time in over a […]
BlackRock’s ETHA Amasses Nearly $900M Days After Launch
BlackRock’s spot Ether exchange-traded fund, also known as ETHA, has increased in its total inflows to about $869.8 million since its launch on July 23. Investors sought to capitalize on Ether’s 18% price decline on August 5, marking the third-largest flow day for the iShares Ethereum Trust, according to Farside Investors. According to Nate Geraci, […]
Mox Bank Launches Crypto Exchange-traded Fund Trading
Mox Bank, a Hong Kong-based virtual bank, has launched crypto exchange-traded fund (ETF) trading for its clients and is considering spot trading options. Mox, a virtual bank subsidiary of Standard Chartered, announced the launch of a crypto ETF service on August 7. This made it the first bank to offer direct trading of spot Bitcoin […]
Coffeezilla Says Logan Paul’s Lawsuit is ‘Groundless’
Stephen Findeisen, also known as “Coffeezilla” on YouTube, responded to Logan Paul’s in a video, suggesting that the “groundless” defamation lawsuit may be an attempt to crush new investigations. On July 27, Paul filed a lawsuit against Coffeezilla for defamation in response to videos discussing the YouTuber’s non-fungible-token (NFT) initiative, CryptoZoo. The lawsuit claims Findeisen […]