Strobe Ventures led the round with participation from Brevan Howard and angels Rune Christensen, Andre Cronje and Stani Kulechov, among others.
An attacker drain approximately 6,262 ETH, valued at around $13 million, from Abracadabra’s liquidity pools on GMX.
The move comes about a month after Pump.fun was found to be testing a custom-built automated market maker, possibly to replace Raydium.
The maintainer of AIXBT's social media account said the attacker gained access to the bot's “simulation wallet” through malicious prompting.
The Series A investment was led by venture capital giant a16z's crypto arm, following a $6 million seed round in 2022.
Converge, expected to launch in Q2, is an Ethereum-compatible blockchain featuring native KYC and custody solutions.
"We estimate that Base (the dominant layer 2) has removed $50 billion of market cap from Ethereum alone," said Geoffrey Kendrick.
The deal, proposed by Gauntlet, has drawn some criticism for essentially sidelining Compound and potential conflicts of interest.
Integrating an oracle would make it easier to bridge Apollo, BlackRock, Hamilton Lane and KKR's onchain funds into DeFi.
In a last-minute bid, the trader sent 2,000 ETH to lower the liquidation price, buying himself additional breathing room.
The move comes amid a series of proposals part of Aave’s “GHO cross-chain strategy" aimed at driving the stablecoin's adoption.
Part of their new roadmap includes adding features that make the wallet experience easier for users.
Base uses Flashblocks that boost transaction processing speed tenfold through preconfirmation blocks streamed every 200 milliseconds
The Ethereum founder praised Railgun after successfully preventing the zkLend attacker from washing $9.5 million in stolen ETH.
This DeFi activity could be seen as a way to appreciate the value of Ethereum Foundation's treasury without selling assets.
Both Lens and GHO originate from the developers behind lending protocol Aave, now operating under the Avara umbrella.
The upgraded protocol could bring institutions with the need for compliance and provide operational controls into the staking ecosystem.
VanEck predicts M2 money supply will grow to $22.3 trillion by 2025 from the current $21.5 trillion, boosting crypto markets and top tokens such as SOL.
The protocol is designed to solve the issue of undercollateralized crypto lending by allowing borrowers to customize their vaults.
“Everything went flawlessly as far as im aware,” said Rune Christensen, founder of MakerDAO, which actioned off about $8 million in collateral.
Chronicle, which was spun out of MakerDAO’s “oracle team,” secures about 23% of total value locked on Ethereum.
Alternative ride-sharing app Teleport was founded in 2022, and raised $9 million, amid a surge in interest in "dePIN" projects.
Symbiotic is launching on Ethereum, marking the first fully permissionless restaking protocol to go live in a production environment.
The decentralized lending platform launched a “first-of-its-kind” onchain structured yield product targeted towards institutions.
Liquity V2, which enables borrowers to pick their own interest rates, will direct 100% of its revenues to grow the BOLD stablecoin.
Uniswap Labs said its v4 deployment would start this week so developers can test hooks, and full deployment is expected by next week.
Over 30% of Ethereum validators have signaled support for increasing the block gas limit, according to data compiled by Toni Wahrstätter.
Pyth Network has introduced Lazer, a new oracle solution designed to complement its existing Pyth Core offering.
With approximately 70% of outstanding SOL staked, Solana restaking represents a $76 billion market opportunity.
The cryptography firm is launching an Ethereum Virtual Machine coprocessor enabling full end-to-end encryption and private smart contracts.