Coinbase’s Base launches mainnet for builders, will onboard users in August
Base’s layer-2 mainnet has launched, allowing builders to deploy contracts, while users will be welcomed to the network in August.
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Multichain MPC bridge sees $100M+ outflows, sparking fears of exploit
Some Multichain contracts on Ethereum suffered withdrawals of more than half of their deposits, causing on-chain sleuths to fear an exploit is underway.
Blockchain developers launch $50M fund to increase Wormhole adoption
Wormhole is a cross-chain messaging protocol often used to transfer assets from one blockchain to another.
Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday
According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data…
BonqDAO protocol suffers $120M loss after oracle hack
An oracle hack allowed the exploiter to manipulate the price of the AllianceBlock token, leading to an estimated $120 million loss, according to Peckshield.
Ripple and Peersyst Devs Push XRP Toward Ethereum Compatibility With First Phase of an EVM Sidechain
According to an announcement from Ripple’s core development team Ripplex, developers have introduced the first step toward Ethereum Virtual Machine (EVM) compatibility with the XRP-based sidechain XRPL. The XRPL is…
Cross-Chain Bridge Nomad Loses $190 Million Making It 2022’s Third-Largest Crypto Heist
On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge…
Circle Announces the Stablecoin USDC Is Now Supported by the Polygon Network
Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on the Polygon network. The stablecoin with the second-largest market capitalization can now be…
Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL)…