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The Latest Breaking News from DeFi

Crypto Industry Lost Over $920M To Hacks And Frauds So Far In 2024: Immunefi

The crypto industry remains vulnerable to fraud and exploits, a new blockchain security report revealed as the sector lost more than $920 million to exploiters so far this year – a larger chunk from the second quarter.

International Business Times

Spot Ethereum ETFs Face SEC Decision with New ETHSwap Presale in the Spotlight

The SEC might soon drop a decision on Spot Ethereum exchange-traded funds, making it crucial for crypto investors to consider ETFSwap (ETFS).

International Business Times

ARK Invest’s Cathie Wood says digital wallet wars will be a ‘winner-take-most’ opportunity

In conversation with Coinbase’s CEO Brian Armstrong at the company’s State of Crypto Summit on Thursday, Wood argued that digital wallets could be a race where one winner takes all.

Fortune

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Alvara Protocol Testnet Goes Live, Marking Giant Step Toward Democratizing Fund Management

Decentralized platform Alvara Protocol, which utilizes the ERC-7621, has officially launched its testnet, marking the biggest leap yet in its goal of developing the ultimate DeFi-based system for fund management.

International Business Times

A Quick Primer on Decentralized Finance

What is DeFi, and how can it help financial services?

Kiplinger

Millions In 'Misplaced' Funds Stuck On Bridge Contracts, One Linked To Vitalik Buterin: Arkham

There are several millions in cryptocurrencies waiting to be claimed by their owners on bridge contracts, Arkham Intelligence revealed – one of the wallet owners is Ethereum co-founder Vitalik Buterin.

International Business Times

'Fighting For DeFi': Crypto Community Decries SEC Wells Notice On Uniswap

The crypto space is outraged with the Wells Notice the SEC delivered to Uniswap this week, with many saying they will support the DeFi firm in its legal battle against the crypto-hostile regulator.

International Business Times

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DeFi Saver integrates Safe to bring account abstraction to DeFi

Delaware, USA, March 28th, 2024, Chainwire

International Business Times

WOOFi Exploiter Moves Over $700K ETH After DeFi Platform Offers Bounty

WOOFi's exploiter appears to have moved hundreds of thousands worth of Ether a day after stealing over $8 million in cryptocurrencies by breaching the DeFi platform's swap service on Arbitrum.

International Business Times

DeFi Platform WOOFi Offers 10% Bounty After $8.75M Crypto Exploit

WOOFi's swap service on Arbitrum has been exploited for $8.75 million in cryptocurrencies, marking the first time the DeFi platform suffered such an incident.

International Business Times

DCLEX Is Revolutionizing Trading: Bridging TradFi With DeFi

DCLEX's objective is to guarantee that every digital asset it issues on the blockchain is backed by shares of the underlying asset, ensuring its redeemability for the real-world asset.

International Business Times

K9 Finance's $KNINE Token: Reshaping DeFi On Shibarium, One Block At A Time

K9 Finance's token generation event is less than two weeks away and it's already creating buzz as investors and users await the arrival of the first ever liquid staking token on Shibarium.

International Business Times

Fed Governor Says DeFi Trading Will Strengthen US Dollar's Global Dominance

Fed Governor Christopher Waller has given a different take the DeFi marketplace amid ongoing fears that it could erode the U.S. dollar's dominance.

International Business Times

Here's Why RWA Tokenization Is The Next Big Thing In Crypto

In crypto terms, RWA tokenization denotes the process of creating "digital twins" of material and monetary assets by using blockchain technology and smart contracts to transform them into on-chain assets.

International Business Times

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Fortune

Compound founder’s new firm Superstate raises $14 million to modernize investing with crypto-style tools

Superstate is building infrastructure that will let investors trade traditional assets like they do DeFi tokens.

Zenger

Crypto Payments Reshaping Global Transactions, Says Solana Foundation’s Head Of Strategy

Blockchain technology revolutionizes cross-border payments, reducing fees and intermediaries

Fortune

Jump Crypto and Bain Capital Crypto bet $8 million on Gauntlet founder’s new startup, Aera

In addition to Gauntlet, his $1 billion company, Chitra also has his own venture capital firm, Robot Ventures.

Zenger

BreederDAO Offers Customization Services For NFT Characters In Play-to-Earn Games

Startup leverages AI and NFTs to enhance gaming experiences and empower players in the digital realm.

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Fortune

Jake Chervinsky—’the Jimi Hendrix of crypto law’—is joining Variant from the Blockchain Association

"There's no way to succeed globally if you can't use the U.S. market," said Chervinsky, who spent nearly two years at the Blockchain Association.

Fortune

Crypto's advocate at the CFTC still has doubts about DeFi

Even CFTC Commissioner Summer Mersinger has her reservations about decentralization and liability.

Fortune

Web3’s 4 key principles for reshaping the digital landscape

Web3 turns internet users into internet owners. It gives them a say when it comes to the platforms they use.

Reason

The Federal Government Is Trying To Shut Down Decentralized Finance

The Commodities Futures Trading Commission announces charges and settlements with three companies that may mean very bad news for all DeFi operations doing business with U.S. citizens.

Fortune

Coinbase takes equity stake in Circle as USDC-focused Centre Consortium shutters

An updated agreement between the crypto giants creates a new era for USDC.

Fortune

A tokenized version of Bitcoin is launching on Solana. Here's what you need to know

Two key architects of tBTC explain the advantages of a decentralized and tokenized version of Bitcoin on Solana.

Zenger

Crypto Research Firm Delphi Digital Warns Of Potential DeFi Implosion Amidst $100M Debt Concerns

Concerns raised over the massive debt of Curve Finance founder and its impact on the stability of the DeFi ecosystem.

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