Crypto Rug Pull Losses Outpaced DeFi Exploits in May: Report

cryptopotato.com A new report by blockchain security company Beosin revealed that the total amount of crypto assets lost to exit scams and rug pulls was higher than the amount stolen from…

Crypto Weekly Roundup: Draft Bill Defines SEC-CFTC Roles And More

cryptodaily.co.uk A recently proposed draft bill could set clearly defined roles for the SEC and the CFTC, giving much-needed clarity to the U.S. crypto industry. Let’s find out more. Bitcoin…

Whale’s ARB Accumulation Rekindles Momentum For DeFi Token

newsbtc.com a prominent governance token in the decentralized finance (DeFi) ecosystem, recently witnessed a decent surge in price following renewed buying activity from a well-known…

Novel Token Launch Model Ripples Through DeFi

thedefiant.io As memecoin season fades, talk of a new liquidity mechanism has been rippling through DeFi circles. The novel token launch mechanism was pioneered by a project called White…

Rocket Pool Launches rETH On zkSync Era

thedefiant.io Rocket Pool’s rETH liquid staking token is live on Layer 2 network zkSync Era. With Ethereum mainnet fees on the rise, Layer 2 integrations enable a low-cost way to obtain…

Rocket Pool to Integrate With Zksync Era, Offering Faster Speeds and Lower Transaction Costs

news.bitcoin.com According to Rocket Pool, a liquid staking derivatives provider, users will have the ability to liquid stake their ETH using the Layer 2 (L2) Zksync Era network. The company…

Arbitrum price soars after DeFi whale address resumes ARB accumulation

cointelegraph.com On June 2, the price of Arbitrum (ARB) jumped alongside the top-ranking cryptocurrencies after the U.S. Senate voted to raise the debt limit. Why is ARB price up today? The…

Losses from crypto rug pulls outpaced DeFi exploits in May: Finance Redefined

cointelegraph.com Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from…

zkSync Era Welcomes its First Liquid Staking Protocol

blockworks.co Zero-knowledge rollup solution zkSync Era has added its first liquid staking protocol, Rocket Pool, to its network. ZkSync Era first launched on Ethereum in March. Including…

Circle Announces Launch of Native USDC on Arbitrum Network, Aims for Faster Transactions

bitcoinist.com Circle, the developer of the USDC stablecoin, is set to introduce a native version of its token on the Arbitrum network. The move aims to enhance transaction speeds and…

XRP Ready for Another Leg Up, Data Shows

u.today Cryptocurrency XRP has been on an upward trajectory recently, despite a minor 2% price correction. This brief dip has not derailed XRP's momentum; in fact, it has already…

Second-Largest Stablecoin To Launch ‘Natively’ on Ethereum Scaling Solution Arbitrum (ARB) Next Week

dailyhodl.com Circle plans to launch USD Coin (USDC) natively on the Ethereum (ETH) scaling solution Arbitrum (ARB) on June 8th. The stablecoin issuer says this native USDC will be the…

Ripple Leads With 11% Gains, Bitcoin Struggles With $27K, Injective (INJ) Explodes: This Week’s Recap

cryptopotato.com The past seven days saw the cryptocurrency market increase, but it wasn’t something particularly considerable. Bitcoin remained rather stagnant and managed an increase of…

TRX now live on Ethereum via the BitTorrent Bridge

coinjournal.net Tron founder Justin Sun has announced that TRX is now accessible on Ethereum. According to Sun, Tron will leverage the BitTorrent Bridge, which provides a chain-agnostic…

on Solid 8% Rise as Whales and Andrew Kang Chipping In

u.today the token associated with the popular Layer 2 scaling solution, is witnessing a solid 8% surge in its price. Interestingly, the rise comes amid prominent cryptocurrency…

As DeFi Security Gets Stronger, Hackers Turn to Rug Pulls to Make a Buck

beincrypto.com Decentralized Finance (DeFi) hacks have fallen dramatically, but crypto rug pulls are on the rise, according to a new survey. The unregulated Wild West nature of crypto…

USDC Goes L2: Circle’s Stablecoin to Make Its Native Debut on Arbitrum

news.bitcoin.com Stablecoin provider, Circle Internet Financial, has revealed that its dollar-pegged token, USDC, will be natively introduced on the layer two (L2) blockchain Arbitrum on…

Stablecoin Issuer Circle to Launch USDC Natively on Arbitrum Next Week

coinspeaker.com Coinspeaker Stablecoin Issuer Circle to Launch USDC Natively on Arbitrum Next Week In an announcement on Thursday, June 1, stablecoin issuer Circle announced its plans to…

ROLLUP: China Turns Bullish On Crypto

sites.libsyn.com Bankless Weekly Rollup 1st Week of June 2023 ------ 🚀 AIRDROP ALPHA 🚀 https://bankless.cc/Alpha ------ 🚀 Asymetrix Go to https://bankless.cc/asymetrix ------ BANKLESS…

and Aptos (APT) Soar by 7%, BTC Remains Shaky at $27K (Market Watch)

cryptopotato.com The past 24 hours saw another dip from bitcoin that drove it south to its lowest price position in a week, but the asset managed to erase those losses in the following…

Circle To Launch USDC Stablecoin Natively On Arbitrum

cryptodaily.co.uk Circle has announced that it will be launching the USDC stablecoin natively on Arbitrum on the 8th of June, 2023. According to the company, the move will replace the bridged…

Solana’s Retention Rate Lowest Among Ethereum, Polygon

watcher.guru Solana’s landscape continues to evolve. DEXs and NFT markets initially had the baton. However now, it seems like “emerging consumer applications” are on center stage.…

USDC Stablecoin to Be Launched Natively on Layer 2 Scaling Solution Arbitrum

cryptopotato.com Stablecoin issuer Circle announced launching USDC natively on Arbitrum on June 8th. The latest move will replace the currently circulating bridged version of the stablecoin…

Memecoin Fever Drove Record Number Of Traders To Uniswap In May

thedefiant.io Memecoin mania is driving a record number of people to trade on decentralized exchanges, with more than half a million users transacting on Uniswap last month. According to…

dApp Market Grows 10% in May, DeFi TVL Falls Back 4.3%

beincrypto.com The industry experienced a mixed performance in May, with DeFi seeing a decrease in total value locked (TVL) but an increase in its share of on-chain activity. The dApp…

Circle to launch USDC natively on Arbitrum

cryptoslate.com Circle said on June 1 that it will soon launch a native version of its USD Coin (USDC) stablecoin on the Arbitrum blockchain. The new version of USDC will be “native to…

Connext is Connecting the Multichain with Chain Abstraction

blockworks.co Interoperability protocol Connext has introduced chain abstraction with the goal of simplifying the layer-2 experience. Similar to how account abstraction is designed to…

Circle And Arbitrum Launch Native USDC: What You Need To Know

bitcoinist.com Circle, a leading digital currency company, has launched a new version of its USDC stablecoin on the Arbitrum network. The new native version of USDC is set to replace the…

TMS Network’s (TMSN) Fearless 2000% Surge, Polygon (MATIC) And Arbitrum (ARB) Ask Questions

thecryptobasic.com In a bold display, TMS Network (TMSN), currently in phase 4 of its presale, has witnessed a staggering 2,000% surge. Meanwhile, competitors Polygon (MATIC) and Arbitrum…

Circle to launch ‘official version’ of USDC natively on Arbitrum

cointelegraph.com Circle recently announced plans for a June 8 launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network. According to a blog post, Circle will…

Jimbos Protocol Announces $800K Reward to Catch Exploiter

beincrypto.com Jimbos Protocol, the victim of a $7.5 million hack, has announced an $800,000 bounty program to catch the hackers. In some decentralized finance (DeFi) hack cases, there is…

USDC Stablecoin Launches Natively on Arbitrum (ARB)

u.today The native Arbitrum-based version of USD Coin by Circle is set to replace the existing token that bridges USDC liquidity from Ethereum (ETH). The token will play an…

Ethereum liquid staking protocol Rocket Pool deploys on zkSync Era

theblock.co Ethereum staking provider Rocket Pool has been deployed on the zkSync Era network. This will be the first Ethereum liquid staking protocol to deploy on the newly launched…

Circle says it’s launching USDC natively on Arbitrum

theblock.co Stablecoin issuer Circle said Thursday that it is launching USDC natively on Arbitrum, which will make it the official version in the Layer 2 ecosystem and replace liquidity…

Jimbos Protocol offers $800K bounty to the public after hacker ignores deal

cointelegraph.com Decentralized finance (DeFi) platform Jimbos Protocol has offered 10% of the exploited funds to the general public after giving the hacker some days to respond to the deal.…

Hackers Target Orbiter Finance Discord Server With Fake Airdrop Scam

beincrypto.com Various community members have reported a loss of their non-fungible tokens (NFTs), stablecoins, and other crypto tokens due to a hack in Orbiter Finance’s Discord server.…

Jimbos Protocol Turns To Law Enforcement As Hacker Ignores Bounty

cryptodaily.co.uk Jimbos Protocol has contacted the Department of Homeland Security in an effort to reclaim the funds that were stolen via a flash loan exploit on the 28th of May. The…

Uniswap DEX Dominance Continues Despite Poor Price Performance For UNI

beincrypto.com Decentralized exchange Uniswap has been making headwind and has reached new milestones in terms of the amount of money it has processed. On June 1, Uniswap Labs made a bold…

Polygon To Onboard Deutsche Telekom As Validator

thedefiant.io Polygon, a top Ethereum scaling team, announced that Deutsche Telekom, Europe’s largest telecommunications provider by revenue, will join its PoS Chain as a validator. “The…

Trader Joe Goes All-In On Auto-Pools: Game-Changer For DeFi Investors?

newsbtc.com Trader Joe, a Decentralized Exchange (DEX) on the Binance Smart Chain, is making waves in the Decentralized Finance (DeFi) world with its new Auto-Pools feature. According…

Polygon zkEVM Broke New Records as It Focuses on Liquidity: Details

u.today Polygon zkEVM has recorded positive growth in liquidity as well as optimized gas fees on transactions Polygon zkEVM protocol is notably asserting its stance as an…

Onboards Bitcoin-Ethereum Interoperability Solution tBTC

u.today tBTC, bridge designed to seamlessly move Bitcoin (BTC) liquidity to EVM blockchains, starts operations on new network Arbitrum (ARB), a dominant Ethereum L2 scaler, now…

How to Fix DeFi with Dan Elitzer

libsyn.com We get back to basics on the show with Dan who answers some fundamental questions about DeFi and what it means to actually be a decentralized protocol. What are the threats…

Optimism Sinks Ahead of Major Token Unlock

thedefiant.io OP Circulating Supply Set To More Than Double Optimism’s token is sliding more than most major cryptocurrencies as holders are able to sell part of their allocations as of…

Top 5 Cryptos Poised To Rise Amid US Debt Ceiling Deal

bitcoinist.com A remarkable development occurred this week as a tentative deal was made to address the US debt crisis, adding some degree of optimism to the top 5 cryptos expected to rally…

Jimbos Protocol hit in $7.5m DeFi flash loan attack

theregister.com Just days after releasing the second – and supposedly more stable and secure – version of its decentralized finance (DeFi) app, Jimbos Protocol over the weekend was hit by…

Chainlink Under Bearish Strain, Arbitrum Backtracks To $1.11, Tradecurve Set For Another 25% Price Surge

thecryptobasic.com Cryptocurrency investors and traders are consistently diversifying with different cryptocurrencies with the goal of staying ahead of the downward trend of the market, but…

ETH Staking Deposits Exceed Withdrawals After Shapella Upgrade

thedefiant.io Over 61,000 ETH Was Burned In The Last Week Amid Increased Network Activity Ether staking has been outpacing withdrawals, with investors depositing 192,000 ETH while only…

New Bitcoin Token Overtakes WBTC on Avalanche

thedefiant.io BTC.b Enables Bitcoin To Be Used In DeFi Without A Centralized Bridge Signs are emerging that the biggest Bitcoin-like token can be unseated. BTC.b is outpacing the…

Lens Social Media Protocol Unveils Layer 3 Scaling Solution

thedefiant.io Lens, the decentralized social media protocol from the team behind Aave, has begun beta-testing Momoka, a bespoke Layer 3 scaling solution. “The main challenge for…

Arbitrum Teams Up With AltLayer In Layer 3 Push

thedefiant.io Despite Ethereum’s Layer 2 ecosystem being far from realizing its full potential, market leader Arbitrum is already setting its sights on Layer 3. Arbitrum entered the Layer…

LayerZero Usage Triples After Arbitrum Airdrop

thedefiant.io Cumulative transactions on LayerZero, a cross-chain interoperability protocol, have tripled since Arbitrum airdropped $1.7B of ARB tokens to its users last month. LayerZero…

NFT Traders Turn To Flipping Memecoins

thedefiant.io Perhaps it was the end of tax season. Or a touch of regulatory fatigue after all the recent saber-rattling from the SEC. Whatever the cause, the PEPE token launched last…

Uniswap V3 To Launch On Polygon zkEVM

thedefiant.io Leading Decentralized Exchange Has Been Accelerating Deployments On Ethereum-compatible Blockchains Uniswap, the leading decentralized exchange by trade volume, is poised to…

Bulls Gain Control: Price Crosses $1.20 Mark

beincrypto.com price has rebounded 13% from the $1.10 support level to reach $1.24 on Tuesday morning. After playing catch-up in the first half of May, bullish Arbitrum whales now appear…

Unlock DAO Thinks it Can Make Cross-chain Governance Simpler

blockworks.co Unlock DAO, the governing body behind membership protocol Unlock, will launch a cross-chain governance solution on ETH Goerli and Polygon Mumbai testnets. As protocols grow…

Security firm discovers $500M vulnerability in Tron multisig accounts

cointelegraph.com A research team at dWallet Labs has discovered a zero-day vulnerability in Tron multisig accounts, allowing an attacker to bypass the multisignature mechanism and sign…

Optimism price prediction ahead of the token unlock

coinjournal.net Optimism, the fast-growing layer-2 network, is bracing for a major event that could hit its price. The developers will carry out a token unlock event that will release…

Two key security practices for Web3 startups from Israel Crypto Conference

cointelegraph.com Security continues to be one of the Web3 space’s most important and relevant matters, as protocols and enterprises continue to face exploits. Cointelegraph spoke with Shahar…