Key Points: The BNB chain-based exchange Safemoon has been compromised. The majority of SFM tokens in the Safemoon liquidity pool could be burned by an exploiter, artificially raising the token’s price and allowing the contract’s WBNB to be depleted in a single transaction. The update was started by the deployer contract, which raised the possibility…
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Derivatives always have a higher trading volume than crypto market spots due to leverage and hedging. However, derivative goods flourish and account for significant trade volumes on centralized exchanges (CEX). Decentralized exchanges (DEXs) continue to face a number of obstacles, including fluctuating gas costs, low liquidity, the possibility of liquidation, and the low number of…
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Anyone who wants to buy, sell, or hold Syscoin should use Syscoin Wallet because it makes it easy and secure to manage their holdings. What is Syscoin Wallet? Syscoin Wallet is a digital wallet used to store, manage, and transfer Syscoin, which is a decentralized cryptocurrency. Syscoin Wallet allows users to send and receive…
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Key Points: The attacker gave Euler Finance 51,000 ether, which is about $89 million, but there are still some Ethers in the exploiter’s account. For the return of 90% of the stolen funds, Euler Finance offered the assailant a 10% (or $19.7 million) bounty. The Euler exploiter recently returned $89 million in Ether to Euler…
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Key Points: By the end of 2022, BitDeer, a subsidiary of former Bitmain co-founder Jihan Wu, announced that it had increased the capacity of its Texas facility to 562 MW. The capacity of half a gigawatt has supported a variety of business models across three main segments: Storage, hash rate sharing, and proprietary mining With…
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Key Ideas On Uniswap, an unidentified user added a fake ETH/ARB pool with 400 WETH and more than 95 million bogus tokens. As a sign that it is prepared to handle the anticipated demand for the token, Wintermute Trading, the market maker for ARB, has received 40 million tokens and transferred a small amount to…
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Leveraged Trading has long been regarded as a complex component of the DeFi required to complete an ecosystem. Gains Network is a project in the derivatives area of Polygon and Arbitrum that caused a stir at the end of last year, is thought to have a novel operating strategy, and has drawn a sizable user…
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In Ethereum’s ever-expanding Layer 2 scaling solutions, Arbitrum is still a significant player, working to eliminate excessive transaction fees. What does this layer-2 scaling solution consist of, and what makes it unique? Let’s find out by reading the article that follows. What Are Layer-2 Scaling Solutions? Decentralization, trustless interactions, high levels of security, and…
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Major Points: In order to place a wager, prominent cryptocurrency figure Balaji Srinivasan has disclosed that he is transferring $2 million into the stablecoin USDC. According to his forecast, there will soon be a return to a pre-20th century economic model known as “hyperbitcoinization,” in which Bitcoin will once again be treated as a form…
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Key Ideas As of right now, Binance has finished developing the STG replacement for Stargate Finance (STG) on the AVAX C-Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom, and Polygon networks. Following Stargate Finance’s (STG) most recent contract replacement announcement in a dispute with FTX liquidators, the action was taken. The exchange has…
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