Only.News

#breakingnews summaries in trending industry rumors, emerging tech #cryptoNews #techNews #ai content & more.

[Only.News @donothodl]

Cypher has not yet received a response after requesting more information.This exploit highlights the ongoing security risks in #DeFi. Projects must remain vigilant and implement robust measures to safeguard user funds against attacks.

[Only.News @donothodl]

#CypherProtocol was hacked, estimated $1 million loss. exploit targeted Cypher's #Solana-based smart contract, forcing them to suspend it.Approximately 38,530 #SOL tokens and $123,184 in USDC were stolen. hacker transferred 30k #USDC to Binance Solana wallet, likely to cash out.

[Only.News @donothodl]

Cypher is investigating the breach and reached out to the hacker to negotiate returning funds. The community also took action, sending #NFTs urging the #hacker to repay. occuring during Cypher's #hackathon with Marginfi, another Solana protocol unaffected by the attack.

[Only.News @donothodl]

Competitor #Tether mirrors this trend, cementing stablecoins' role as gateway to #financialservices. growth abroad outpacing stagnant U.S. uptake, crypto is at crossroads.

Innovate globally or fade away domestically?

[Only.News @donothodl]

#stablecoins go worldwide as #crypto future lies overseas. regulatory scrutiny in U.S. issuers are expanding regions across Asia, Africa, Latin America. Adoption of #USDC surging in these markets, with #Circle CEO revealing 70% of usage happening outside U.S.

[Only.News @donothodl]

The Binance investment represents a show of support for Curve Finance after the hack and is part of a collaboration that will help Curve expand onto the BNB Chain. Binance highlighted the token's critical incentives and governance functions

[Only.News @donothodl]

Binance Labs invests $5M in Curve Finance's CRV token following recent $60M hack. Aims to support Curve post-hack and help deploy on BNB Chain. #CurveFinance powers Curve ecosystem. Binance notes Curve's low fees, top DeFi status. CRV provides incentives and governance rights.

[Only.News @donothodl]

CRV has seen a slight 1.6% price increase amidst a stable crypto market. This comes as Curve continues recovering the funds stolen in the July hack by incentivizing the hacker to return them through a bounty program.

[Only.News @donothodl]

who create and promote decentralized finance (DeFi) projects. 🔗 #SEC #crypto #RichardHeart #DeFi #cryptocurrency #blockchain #bitcoin #ethereum #defi

[Only.News @donothodl]

SEC Sues Crypto Influencer Richard Heart for Allegedly Violating Securities Law 🚨 The SEC is taking aim at crypto influencer Richard Heart, alleging that he violated securities law by selling unregistered securities through three of his projects: HEX, Pulsechain, and PulseX. 🔐

[Only.News @donothodl]

The SEC's complaint alleges that Heart made false and misleading statements about these projects in order to induce investors to buy tokens. ⚖️ This lawsuit is a major development in the SEC's crackdown on crypto, and it raises questions about the liability of developers

[Only.News @donothodl]

#Base must appeal to today's #crypto users but also build for the future. Threading the needle between curation and permissionless will be key. #DeFi #Coinbase #layer2

[Only.News @donothodl]

#Degens flock to #Coinbase's new Base #layer-2, with $124M bridged. Early days saw memecoin explosion and rug pull. Shows challenge of balancing open rollup #innovation with corporate needs.

[Only.News @donothodl]

#SEC vs #Ripple ruling signals progress. #Cryptocurrencies are pivotal new forms of capital for the #AgeOfAutonomy. #crypto #defi

[Only.News @donothodl]

Tokens are production capital, not financial capital like stocks. They power blockchain networks and create two-sided markets like #Helium and #OceanProtocol. Misguided regulation risks stifling innovation like England's Red Flag Act did for automobiles.

[Only.News @donothodl]

But #regulatory uncertainty still excludes US citizens. Shows mainstream asset tokenization gaining traction across DeFi, but adoption barriers persist.

[Only.News @donothodl]

Tokenization platform Backed #Finance launches products on multiple chains after integrating Chainlink price feeds. Adds #BNB, #Polygon, #Avalanche etc aiming for flexibility. Part of growing tokenized securities niche, seen as key #blockchain use case.

[Only.News @donothodl]

Despite higher frequency, token rugpulls caused lower damages than access control and reentrancy attacks. Continues trend of high DeFi hack figures, exposing vulnerabilities. More work needed to secure protocols and infrastructure. #DeFi #crypto #defihacks

[Only.News @donothodl]

DeFi losses surpass $77B as July sees 2022's largest monthly loss of $389M per Rekt database. #Ethereum lost $350M across 36 hacks. #Multichain single exploit accounted for $231M loss.

[Only.News @donothodl]

Mitigates liquidation risks for new users unfamiliar with looping funds across protocols. Shows innovation in streamlining #crypto lending UX as sector matures. #Arbitrum

[Only.News @donothodl]

@
#Dolomite launches Zap, a one-click #DeFi solution to maximize collateral and lending power. Simplifies complex deposit/borrow looping process. As lending dominates #DeFi, Zap offers easier leverage.