On December 1, 2023, Clipper, a decentralized exchange (DEX), faced a significant security breach at approximately 4 AM UTC, resulting in substantial financial losses. Targeting its liquidity pools on the Optimism and Base networks, the incident has raised questions about the security protocols inherent in decentralized finance models. The initial response from Chaofan Shou, co-founder
Crypto
In recent discussions surrounding cryptocurrency and blockchain technology, few narratives have been as illuminating as that of Libra, the ambitious project initiated by Facebook, which later pivoted to become Diem. David Marcus, who spearheaded the effort, has provided a critical retrospective on why the project ultimately fell short. His reflections shed light on the interplay
The digital landscape of meme coins has become a whirlwind of excitement and uncertainty, especially with the emergence of platforms like Pump.fun. Launched on the Solana blockchain, this meme coin launchpad has captured the attention of investors eager to capitalize on the latest crypto trends. However, its recent troubles, particularly regarding its livestream feature, shine
Ethereum’s price recently demonstrated resilience by bouncing back from the critical $3,500 support level. Following an earlier ascent that pushed past the same level, the cryptocurrency is facing the challenge of breaking through the psychological $4,000 resistance. While the market has seen a bullish surge, it is important to recognize the tendency for periods of
Recent data analysis from the United States Treasury highlights a notable surge in cryptocurrency ownership among households, with figures showing a near tripling of holders between 2020 and 2021. This rapid increase in cryptocurrency adoption reflects a growing trend among consumers to diversify their asset portfolios, influenced by enticing returns and the broader mainstream acceptance
In a recent development within the private markets, SecondLane has made waves by listing a 1% equity stake in the burgeoning platform, Pump.fun, at a valuation of $15 million. This appraisal places Pump.fun’s fully diluted valuation at a striking $1.5 billion. The equity can be acquired through both SecondLane’s web application and its active Telegram
In recent weeks, Shiba Inu (SHIB), the celebrated meme coin that has captured the attention of crypto enthusiasts, experienced a surprising uptick in its market activity. After a period of stagnation, SHIB reached a significant milestone today, breaking past the $0.000033 mark. This sudden momentum allowed it to briefly reclaim a position within the top
In the burgeoning world of blockchain technology, Base, incubated by Coinbase, has emerged as a formidable entity within the Ethereum Layer 2 landscape since the launch of its mainnet on August 9, 2023. The recent analysis provided by Delphi Digital indicates that Base’s growth trajectory has been nothing short of extraordinary. This article dissects the
Despite experiencing a minor retreat in market activity, Cardano (ADA) has managed to uphold its position among the top ten cryptocurrencies by market capitalization. The digital asset has demonstrated a formidable recovery, soaring over 7% in recent days. This uptick aligns with a broader bullish trend manifesting within the cryptocurrency market. Observers note that such
November 2024 was marked by an unprecedented surge in hacking incidents, which accounted for a staggering 99.96% of total financial losses within the cryptocurrency domain. During this month, fraud and rug pulls saw a notable decrease, with total losses dropping to a mere $25,300 through just two reported events. This sharp contrast illustrates an alarming