Judge Dismisses Class-Action Suit Against Uniswap
The judge displayed uncommon knowledge of DeFi technology and advised the defendants to address their complaints to Congress. The United States District Court for the Southern District of New York dismissed a class action lawsuit against Uniswap Labs and its CEO, foundation, and venture capital supporters by plaintiffs who claimed they lost money on the […]
1inch Investment Fund Wallet Buys $10M Worth of ETH
A cryptocurrency portfolio of the 1inch Investment Fund recently purchased 6,088 ETH at $1,655, spending over $10 million on the transaction and currently holding around $80 million in various digital assets. The transaction was flagged by the blockchain analysis platform Lookonchain, which tracks and publishes profitable intelligent trades. According to the company, the 1inch-affiliated wallet […]
DeFi Analyst Reveals Trends in UNI, MKR, And AAVE
A DeFi analyst identifies the UNI, MKR, and AAVE trends amid market fluctuations. Will DeFi coins be reintroduced? IntoTheBlock, a market intelligence platform, has conducted an exhaustive analysis that sheds light on current trends and token performance. The 7-day average transaction analysis revealed insightful insights demonstrating Uniswap’s dominance in the DeFi market. Maker and Aave […]
Cypher Protocol Freezes $600K Stolen Funds on CEXs
Cypher Protocol, situated in Solana, has prevented approximately $600,000 in stolen funds from leaving centralized exchanges. Cypher Protocol, a decentralized futures exchange based in Solana, managed to freeze $600,000 worth of cryptocurrency taken on August 7 via a security flaw. In a post on X (Twitter) on August 18, Cypher Protocol reported that, with the […]
Post-Hack Update: Curve Finance to Refund Affected Users
Curve Finance has provided a post-hack update, stating that investigations are ongoing and intends to reimburse affected customers. Curve Finance, a Decentralized Finance (DeFi) stablecoin lending platform, has affirmed in a recent update that it intends to reimburse users affected by the recent hack that resulted in the loss of $62 million from the protocol. […]