Key Ideas On-chain data shows that miner Euler Finance transferred 100 RTH to the infamous hacker group from their wallet. There may or may not have been a connection between the attack and the Lazarus Corporation. The Euler Foundation earlier yesterday announced a $1 million reward for any information regarding the hacker and the amount…
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To offer a more adaptable way to stake and earn, more and more DeFi Protocols are beginning to support LSD. Crypto enthusiasts are interested in liquid staking derivatives, a relatively new way to make money with cryptocurrencies. What advantages does it offer, then? Is this one of the motivations for Defi? What causes DeFi…
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The CEO of Galaxy Digital believes that the US economy will face difficult times but remains optimistic about cryptocurrencies. According to Michael Novogratz, founder and CEO of Galaxy Digital, the United States is on the verge of a credit crunch, making this the ideal time to buy gold, silver, and bitcoin. In an interview with…
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Key Ideas The Shiba Inu (SHIB) token abruptly fell by almost 10% after accusations that its upcoming layer-2 copied Rinia’s code without renaming Chain ID. To capitalize on the Layer-2 craze, the long-awaited Layer-2 Shibarium community has scheduled a beta release for this week. The aforementioned information has been refuted by members of the active…
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Key Ideas After receiving a resounding vote of confidence from the public in February, the Uniswap v3 implementation is now operational on the BNB Chain. Previously, Uniswap’s authorized bridge to the BNB Chain was the Wormhole multi-chain bridge. According to the extension, users will be able to exchange tokens using the network’s fast speeds and…
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In brief of silvergate Collapse According to JPMorgan researchers, banking partners are becoming scarce for crypto companies. This comes after Silvergate’s demise and the reduction in crypto exposure caused by Signature Bank. Falling bond yields and increased scrutiny of risk management procedures are two threats facing banks that are less powerful than Wall Street giants…
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In February 2023, Bitcoin surpasses $26,000 as the U.S. Consumer Price Index rises by 0.4%. When the latest Consumer Price Index (CPI) data for February 2023 were made public by the US Department of Labor, the price of Bitcoin spiked sharply over $26,000. The department reported that the seasonally adjusted CPI increased 0.4% last month…
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BTC/USDC Surges to $50,000 Suddenly Key Ideas But only on the USDC trading pair, BTC unexpectedly crossed the $50,000 threshold. The stablecoin USDC from Circle is in danger of running out of liquidity, which is the explanation given for the aforementioned flash action. After announcing it might be able to recover $3.3 billion stuck…
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KyberSwap User Swaps 2 Million USD But Only Received 0.05 USD In Return Important Information: * A user of KyberSwap traded 2 million USD tokens for just 0.05 USDT. * Customers who choose a novel method of converting assets without putting in place slippage controls and KyberSwap when traversing transactions to a “pool” die “are…
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Key Ideas Elon Musk has said he is in favor of buying a struggling Silicon Valley bank. Elon Musk’s purchase of Silicon Valley Bank may aid in transforming Twitter into a dominant financial force and Digital Bank. Elon Musk, a billionaire supporter of cryptocurrencies, expressed interest in the topic of buying the troubled Silicon Valley…
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