1% of DAO Members Controlling 90% Voting Power: Chainalysis
Blockchain analytics firm Chainalysis’ latest report reveals that less than 1% of all holders in major DAOs have 90% voting power. It also cited Solend’s attempt to seize a whale’s…
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Harmony’s $100M Hack Was Due to a Compromised Multi-Sig Scheme, Says Analyst
On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic…
How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?
Interestingly, Ethereum has not reclaimed its all-time high against Bitcoin since June 2017 despite the NFT craze.
Value Locked in Defi Jumped 7% in 5 Days — Harmony’s Horizon Bridge Siphoned for $100M
While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in…
Convex Finance Launches Two URLs After Spoofing Exploit
The Domain Name Server (DNS) of the decentralized staking platform, Convex Finance, was targeted in the latest spoofing exploit. Angel investor Alexintosh first flagged that Convex Finance was asking for…
Nonfungible airdrops: Could NFA become the next big acronym in the crypto space?
Airdrops are a great marketing tool, but they can have downsides for crypto projects and investors alike. Is there a way around this?
DeFi summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms
Fees spiked to a high of $8.36 million for Uniswap on June 15, beating out Ethereum on the same day at $7.99 million, and coincided with an 8.7% pump for…
Solend Whale Moves $25M to Another Platform Despite Canceled Plans to Seize Their Wallet
Solend – a DeFi lending protocol built upon the Solana blockchain – attempted to take over a whale account that supposedly could put the protocol in trouble due to its…
Avalanche (AVAX) price drops 45% in a month and data points to further downside
AVAX is testing support at $14.80 and the network’s DApp use is underperforming its competitors, suggesting that the easiest path forward is down.
Compound, Aave, Synthetix Lead Ethereum DeFi Revival
Compound and Aave have nearly doubled in market value over the last four days, reaching critical areas of resistance. Ethereum DeFi Tokens Post Gains Compound, Aave, and Synthetix are soaring....
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