Key Points: The organizer behind Not Hatchling Labs said he has proof of the Zagabond trick made by Azuki, and he will affirm in court. AzukiDAO proposes suing the project and hiring a lawyer to recover 20,000 ETH from Zagabond’s founder. Up to this point, the vote has surpassed the greater part to pass it.…
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Central issues: Vulnerabilities in the migration contract allow for asset manipulation and user deception in the BiSwap LP migration pool attack, which results in losses totaling $710,000. The Migrator contract flaw is fixed quickly on the platform, safeguarding user funds and highlighting the significance of robust security measures in the DeFi sector. In a recent…
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Central issues: PolyNetwork has been hacked, as evidenced by numerous warnings. Programmers have delivered monstrous extra resources on a few chains. PolyNetwork was hacked in 2021, stealing over $600 million. PolyNetwork is suspected of being hacked again. Hackers are constantly releasing massive amounts of assets on several chains. PeckShield Inc., an on-chain data analytics and…
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Key Points: OKX becomes Manchester City’s official sleeve partner for the men’s and women’s teams. This denotes their third sponsorship manage the club in barely a year. Through innovative initiatives and player murals, the partnership highlights the integration of Web3 in sports. OKX revealed during an exclusive panel discussion at the Etihad Stadium that it had become…
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Key Points: QuickNode adds support for XRP Record, helping Web3 reception. XRPL offers unwavering quality, quick exchanges, and various use cases. Developers can create high-quality digital applications thanks to QuickNode’s streamlined infrastructure. An intriguing platform announcement has been made by QuickNode, a leading provider of blockchain infrastructure solutions. It upholds the XRP Record (XRPL), making…
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Important issues: Coinbase offers Bitcoin ETF services through partnerships with Bitwise, Valkyrie, and others. This could boost revenue in a time of low crypto-exchange volumes. The exchange’s function as a provider of custody and market monitoring addresses concerns regarding fraud, which is crucial for Bitcoin ETF approval by the SEC. Coinbase is included in revised…
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Key Points: In order to comply with regulations, KuCoin and Binance make KYC verification mandatory. Only a limited number of features, such as sell orders and withdrawals, are accessible to non-KYC users. On July 15, the new KYC registration for KuCoin goes into effect. KuCoin’s decision to enforce know-your-customer verification is in response to the…
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Central issues: The company that makes Azukis NFTs, Chiru Labs, releases a new NFT collection called “Elementals,” which sold out in 15 minutes and made $38 million. However, complaints start coming in that it is too similar to the original Azuki collection. Azuki concedes issue and recognizes that “the [profile picture NFTs] feel comparative and,…
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Central issues: For the week ending June 28, loans under the Bank Term Funding Program (BTFP) of the Federal Reserve reached a record amount of $103.08 billion. The Fed is still bailing out banks, despite its efforts to reassure investors that the banking crisis is over, according to the milestone figure. According to market analyst…
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Key Points: The official Twitter account had been hacked, according to the Manta Network project’s announcement. The attacker used this opportunity to inform users of a fictitious airdrop with Binance Labs. Users should avoid clicking on any links, according to the project’s comment on the post announcing the hack. The ZK Layer 1 project invested…
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