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Reya’s Liquidity Generation Event Attracts $100 Million In Less Than 24 Hours
Reya facilitates shared liquidity among native decentralized exchanges.Reya, a modular Layer 2 network optimized for trading applications, is the latest...
DeFi Protocol Hedgey Finance Suffers $44M Hack
The platform suffered two parallel attacks on Arbitrum and Ethereum. It looks like Hedgey Finance didn’t hedge itself.DeFi platform Hedgey...
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Crypto Markets Crater On Rising Geopolitical Tensions
Most altcoins have plummeted by 30% or more in the past week, while Bitcoin trades at $62,000.It’s been a rough week for global markets as rising tensions between Israel and Iran dominate the headlines.Bitcoin is down 2% today and more than 10% in the last 7 days, currently changing hands...
Read moreBitcoin ETFs in the US drive higher crypto allocations among institutional investors
Institutional investors increasingly sought exposure to crypto during the first quarter of the year following the launch of several US-based spot Bitcoin exchange-traded funds (ETFs) in January.The CoinShares Digital Fund Manager survey revealed that these institutional investors have significantly increased their digital asset allocations, reaching 3% in their portfolios. This...
Read moreStacks To Integrate Portal DeFi For Bitcoin To Layer 2 Atomic Swaps
Stacks’ sBTC will support non-custodial cross-chain swaps by integrating with the Portal DEX Network.Portal DeFi, a protocol facilitating cross-chain atomic swaps on Layer 2, announced it is teaming up with Stacks, a leading Bitcoin L2, to facilitate non-custodial transfers between Stacks and Bitcoin’s base layer.Announced on April 9, the integration...
Read moreEigenLayer Removes Deposit Caps On Liquid Staking Tokens
The move marks the culmination of the Ethereum restaking protocol’s rollout phase.Ethereum restaking protocol EigenLayer has ended its rollout phase today by removing caps on all ETH liquid staking tokens (LST) and unpausing restaking deposits.“The removal of LST caps marks a new phase for the EigenLayer ecosystem, unlocking growth opportunities,”...
Read moreSilkRoad Foundation Raises Funds For Ulbricht Family After Repurposing Rug-Pull
The organization was founded through a “community takeover” commandeering the SILKROAD memecoin rug-pull.SilkRoad Foundation, a community-led takeover of a memecoin that initially rug-pulled its users, has raised roughly $2,850 for the family of Ross Ulbricht, the incarcerated founder of the notorious darknet marketplace, Silk Road.According to on-chain data from SolScan, the SilkRoad...
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