Ethereum’s recent Dencun upgrade, which was designed to reduce fees and help scale the network, has caused ether {{ETH}} to revert back to an inflationary asset — potentially reversing one of the key benefits of last year’s Merge.
Ledn First-Quarter Loans Top Record $690M as Lending Market Snaps Back
Crypto lender Ledn processed more than $690 million in loans during the first quarter, its most successful quarter since the firm’s inception in 2018.
Poloniex Hacker Sends $3.3M Worth of Ether to Tornado Cash
A hacker that stole $125 million from Poloniex’s hot wallets has sent 1,100 ether {{ETH}} to sanctioned coin mixer Tornado Cash, according to blockchain data.
Exploiter Steals $68M Worth of Crypto Through Address Poisoning
A cryptocurrency user has lost $68 million worth of wrapped bitcoin (WBTC) after falling victim to an “address poisoning” exploit, according to blockchain security firm CertiK.
LayerZero Takes Snapshot as Airdrop Draws Closer
The interoperability protocol indicated that there will be a series of airdrops.
Liquid Restaking Protocol Renzo Airdrops REZ Token, Debuts at $289M Market Cap
The token has $75 million in trading volume in the hour after claims went live.
Hedera’s HBAR Doubles, Then Falls 25%, as BlackRock Links Diminish
Hedera’s native HBAR token surged by more than 107% on Tuesday as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain, the token then slumped by more than 25% as BlackRock turned out to have no involvement in the launch.
Tether Will Freeze Wallets Evading Venezuelan Sanctions
Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.
ZKasino Users Plead for Refunds as $33M of Bridged Ether Sent to Lido
Cryptocurrency casino ZKasino went live over the weekend but the launch was met with dismay from investors, who are calling foul on the company for sending $33 million worth of user deposits to staking platform Lido.
Bitcoin Rally Holds Around $63,700 Following 4th Block Reward Halving
USDe Holders Should Monitor Ethena’s Reserve Fund to Avoid Risk, CryptoQuant Warns
Cryptocurrency data provider CryptoQuant has said that holders of Ethena Labs’ USDe stablecoin should monitor the project’s reserve fund to avoid risks related to the potential of a negative funding rate.
Ethena Labs Divides Opinion as High Yield Stirs Memories of Terra
“A lot of things can go wrong,” in Ethena’s yield-generation strategy, said Folkvang CEO Mike van Rossum.
Half of Solana Pre-Sales Are Scams, Blockaid Says
Blockchain security firm Blockaid said 50% of recent pre-sale token launches on Solana have been malicious.
ENA Rises 15% as Ethena Labs Increases Staking Rewards
ENA, the native token of Ethena Labs, surged by 15% on Monday following the announcement of “season 2,” which includes a 50% increase in rewards for some users.
Binance Stops Support for Bitcoin NFTs Citing ‘Streamlining’ of Offered Products
Cryptocurrency exchange Binance will cease support for bitcoin-based non-fungible tokens (NFTs) as it undergoes a process to “streamline” its product offerings.
Cathie Wood Attributes Bitcoin’s Rise to National Currency Devaluations
Crypto Exchange Bitget Joins Meme Coin Hype, Issues Token That Rises 14,000%
The token’s rise comes alongside a wave of trading volume.
Wormhole Debuts at $3B Valuation in 617M Token Airdrop
Cross-chain bridge Wormhole initiated an airdrop that will see early users rewarded with 617 million of its newly issued governance token, W
Layer-1 Blockchain WAX Signs Deal With Amazon Web Services
Layer-1 blockchain Worldwide Asset Exchange (WAX) signed a deal to use Amazon Web Services (AWS) and integrate the WAX network into the Amazon Managed Blockchain (AMB) service.
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
Decentralized infrastructure network (DePin) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator initiative, according to a blog post.