As the price of SAND slid 4% in August, the Sandbox Genesis smart contract had already emitted 60 million SAND tokens prior to the upcoming token unlocked scheduled for Aug. 14.
Coinbase Ventures’ Strategic Investment Sends Rocket Pool Token Surging
The investment branch announced today the purchase of an undisclosed amount of Rocket Pool’s native token RPL, which has jumped more than 9% in the past 24 hours.
Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis
The proposals, which aim to disable CRV borrowing and decrease Aave’s exposure to Curve’s native token on its Ethereum V2 markets, are responses to the liquidation pressure faced by Curved founder Michael Egorov.
Early Base Whales Have an Affinity for Meme Tokens, Nansen
The top 22 depositors to Base as of July 31 have allocations in a telegram trading bot token, several meme tokens and an on-chain casino token.
Aptos’ APT Token Slides Ahead of $30M Unlock
APT has decreased by over 3.2% in the past 24 hours performing worse than bitcoin (BTC) and ether (ETH), per CoinDesk market data.
Mantle Introduces New Governing Body for Treasury Management
The new layer 2 network passed a governance vote that establishes the Mantle Economics Committee as well as introduces more liquid staking into the ecosystem by authorizing liquid staking protocol Mantle LSD and the allocation of 40,000 ETH from its treasury to stETH.
Lido Attracted 10K Ether Stakers to Protocol in July
The largest staking service provider also crossed $15 billion in total value locked, a level not seen since May 2022.
Avalanche Blockchain Usage Grew in Second Quarter: Nansen
The Avalanche C Chain saw daily active address and transaction volume – two important metrics to gauge a blockchain’s health level – increase significantly in the period.
Curve Founder Still Owes $80M Despite Raising Nearly $30M in Past Two Days
Michael Egorov is under liquidation pressure following the CRV’s recent price drop and Curve exploit.
Wintermute, a Major Trader, Is a Key Player in Arkham’s Controversial Dox-to-Earn Platform
The liquidity provider just withdrew 8 million of Arkham’s ARKM token from Binance, increasing its position by 731%.
Decentralized Exchange THORSwap Introduces New Feature Aimed at Better Price Execution for Large Trades
Called Streaming Swaps, the feature is designed to improve capital efficiency for decentralized finance users who want to execute large trades.
DYdX Proposal to Slash Token Issuance Wins Early Support
In theory, this could boost the price of DYDX, based on the basics of supply and demand.
Arbitrum DAO’s First Grants Programs Take Shape
Two governance proposals are collectively requesting nearly $5 million worth of ARB tokens to launch grants programs.
Despite Uproar, Crypto Bounties to Unmask Bad Actors Starts to Get Traction
Arkham customers are seeking to identify whomever was behind FTX and Wintermute’s huge hacks as well as an alleged meme-coin rug pull.
KIN Token Surges Over 20% After Vote to Burn 70% of Supply Passes
The token climbed on news that about 7 trillion KIN tokens worth $156 million will be burned.
Bitcoin Miners Buy up Rigs as Prices Near All-Time Lows
Despite mining’s doldrums, miners are prioritizing the inclusion of next-generation mining rigs in their operations to prepare for the next Bitcoin halving.
Bridge Protocol LayerZero Passes 50M Cross-Chain Messages
The milestone highlights the demand for crypto users to transfer liquidity between chains and conduct cross-chain token swaps.
Arkham Intel Exchange Shows 11 Submissions Since Debut Including Finding Elon Musk’s Wallet
Some bounties that have received a submission include identifying the addresses that exploited FTX during its collapse.
Wormhole Launches New Bridge Connecting to any Cosmos Appchain
The Wormhole Gateway is designed to make it easier for developers and users to on-ramp liquidity into the Cosmos ecosystem.
Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly
Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD.