DeFi

DeFi

Tech

Arbitrum Based Jimbos Protocol Scurries for Revival After $7M Exploit

Version 2 of Jimbos protocol was attacked over the weekend for $7.3 million, just days after going live.

Cypher Protocol suffers exploit (Clint Patterson/Unsplash)

Markets

Milady NFTs Get Dogecoin Treatment as Prices Retrace Days After Elon Musk Tweet

Top holders of LADYs meme coins are sitting on unrealized profits worth millions of dollars.

Milady 8835 last sold for 0.35 ETH (about $1,000) on OpenSea. (Remilia, modified by CoinDesk)

Finance

Etonec and Mina Foundation to Create ZK-Powered Compliance Tool By Year’s End

The product is designed to enable DeFi and Web3 communities to comply with regulations while maintaining community members’ privacy.

Citrea says its zero-knowledge rollup will help expand Bitcoin's ability to accommodate NFTs and DeFi. (Unsplash modified by CoinDesk)

Tech

BNB Chain Expected to Undergo ‘Luban’ Upgrade in June. Here’s all You Need to Know

Three distinct enhancements aim to make the network faster and more secure.

BNB Chain to undergo upgrade in June (Moritz Mentges/Unsplash)

Tech

Tornado Cash DAO Attacker Starts to Move Ether, TORN Tokens

The attacker holds over 20 ether in their wallet, and continues to have access to potentially all of Tornado Cash’s treasury funds as of Thursday.

A illustrative example of a Tornado. (NOAA)

Markets

Crypto’s Quirky Automated Market Makers and How They Differ From TradFi Exchanges

Crypto exchanges have order books just like the NYSE, but the digital asset realm also offers something very different known as automated market makers (AMMs).

An exchange trading floor (Getty Images/modified by CoinDesk)

Markets

Voltz Protocol Brings a Wall Street Rates Stalwart to DeFi

SOFR – which Voltz’s new product is tied to through the Avalanche blockchain – is used to set interest rates on TradFi loans, bonds and other products in the U.S.

(Sophie Backes, Unsplash)

Tech

Attackers Left Empty-Handed as Crypto Hacks Drop 70% in Q1 2023

Attacks and hacks on key protocols fell 70% in Q1 2023 compared to the same period in 2022 and were lesser than in any quarter last year.

Fingers rest on a computer keyboard. (Shutterstock)

Finance

Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East

Decentralized finance protocol Num Finance will offer stablecoins in Brazilian real, Colombian peso, Mexican peso and Bahrain dinar within the next month.

(Shutterstock)

Markets

Justin Sun Moves $4.3M of MakerDAO's Tokens to Binance: Blockchain Data

Tron founder Justin Sun’s potential sale of MakerDAO’s token – movements of tokens to an exchange often come before sales – coincide with the DeFi protocol’s controversial restructuring.

Tron CEO Justin Sun (Steven Ferdman/Getty Images)