In a shocking turn of events, the GMX exploiter has made headlines by transferring 2,000 ETH (~$5.3 million) to a new wallet on Arbitrum and swapping $9 million USDC for DAI on Ethereum. This latest crypto exploit raises serious questions about security in DeFi. What Happened with the GMX Exploiter? According to PeckShieldAlert on X, […]
In a surprising yet strategic move, Vertex, the decentralized crypto derivatives protocol, is shutting down its Arbitrum-based DEX and migrating to Kraken’s layer-2 network, Ink. This transition marks a pivotal moment for decentralized finance (DeFi) as Vertex aims to strengthen its position in the competitive perp DEX market. What does this mean for VRTX token […]
The blockchain world is constantly evolving. Today, a significant development has emerged from a key player. Offchain Labs, the driving force behind the Arbitrum network, has announced a groundbreaking acquisition. This strategic move is set to redefine user experience in the decentralized space. The Strategic ZeroDev Acquisition Offchain Labs recently revealed its acquisition of ZeroDev. […]
The decentralized finance (DeFi) sector often faces challenges. However, it also demonstrates remarkable resilience. Recently, GMX, a leading decentralized exchange, announced a significant milestone. It finalized a **GMX compensation** plan. This plan provides $44 million to **GLP holders** impacted by its V1 vulnerability. This crucial payout underscores a commitment to user security. It also reinforces […]
Arbitrum’s Timeboost is transforming Ethereum layer-2 scaling, generating an impressive $2 million in fees since its April rollout. This breakthrough mechanism is reshaping high-frequency DeFi transactions and DEX trading on Arbitrum. How Timeboost is Changing Ethereum Layer-2 Scaling Timeboost, Arbitrum’s innovative transaction ordering policy, has processed hundreds of thousands of DeFi transactions since its launch. […]
A staggering 85,000 ETH has been transferred from Arbitrum to Binance, as reported by Whale Alert. This $226 million Ethereum transaction has sent shockwaves through the crypto community. What does this massive move mean for the market? Breaking Down the Ethereum Transfer Whale Alert, the blockchain tracking service, detected this enormous transaction involving: 85,000 ETH […]
The dynamic world of cryptocurrency is often punctuated by both groundbreaking innovation and unexpected challenges. Few events command immediate attention quite like a confirmed security breach. Recently, Kinto, a burgeoning Ethereum (ETH) layer-2 project, made headlines with the announcement of an exploit involving its K token on the Arbitrum network. While the initial news might […]
The cryptocurrency world is no stranger to volatility, but few events shake investor confidence like a security breach. Recently, Kinto, a promising Ethereum Layer-2 project, found itself in the spotlight for unfortunate reasons: a reported $1.55 million Kinto hack. This incident serves as a stark reminder of the persistent challenges in blockchain security, even for […]
The cryptocurrency market buzzes with renewed optimism. Investors are keenly watching for high-growth opportunities as a potential bull cycle approaches. This period highlights projects leveraging unique technological advantages and market dynamics. Four projects—BlockDAG, Arbitrum, Chainlink, and PEPE—have emerged as focal points for investors seeking exposure to high-growth opportunities, each contributing to significant crypto market gains. […]
Accessing the dynamic U.S. stock market has often presented hurdles for investors in the European Union, involving complex brokerage accounts and limited trading hours. However, the landscape is changing thanks to blockchain technology. A significant development arrives with the launch of Gemini tokenized stocks, a new offering specifically designed to bridge this gap for EU-based […]
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