World Liberty Financial begins KYC for its governance token sale, limiting U.S. investor participation to accredited individuals.
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DeFi
Ethereum Liquid Staking Hits 14M ETH Milestone, Adding 1.77M in 2024
According to recent data, more than 14 million ether (ETH) is now locked in liquid staking derivatives (LSD) protocols. Over the past 12 days, the amount of ETH deposited into these platforms nudged upward by 0.643%, bringing the total to 14.08 million ETH. Ethereum Liquid Staking Surges to 14M Ether, 90,000 Added in 12 Days […]Polymarket users complain of mysterious Google login wallet attacks
The attacker used a “proxy” function to swipe victims’ USDC balances, but only a small number of Google login users have been affected.
Some users of the Polymarket prediction market app are complaining that their wallets were mysteriously drained after they logged in via their Google accounts.
After making deposits, users found that their wallets were wiped out, leaving a balance of zero. The attacks have not occurred against users that relied on wallet browser extensions such as MetaMask or Trustwallet.
Cointelegraph spoke to two victims of the attacks. The first victim identified himself by the Discord username, “HHeego,” and claimed to be the owner of a Polymarket account whose address ends in C3d4.
Hackers Plunder $2,000,000 Worth of Crypto From Liquid Restaking Protocol Bedrock
A liquid staking protocol says that bad actors made away with millions of dollars worth of crypto assets after hacking into the decentralized finance (DeFi) platform. In a new announcement on the social media platform X, Bitcoin (BTC) restaking project Bedrock says that they’ve been exploited for $2 million but assures customers that they’ve identified […]
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Coinbase Teases Coinbase Wrapped Bitcoin (cbBTC) Expansion to Ethereum (ETH) Rival Arbitrum (ARB)
Top US-based crypto exchange Coinbase is teasing its new wrapped version of Bitcoin (BTC) to Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB). In a new announcement on the social media platform X, Coinbase Assets tells its audience that Coinbase Wrapped Bitcoin (cbBTC) is “coming soon” to the smart contract platform Arbitrum. Earlier this month, Coinbase […]
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WBTC Hits New High on Aave, Coinbase’s Wrapped Bitcoin Supply Soars
It’s been 48 days since Bitgo revealed its partnership with Bit Global on Aug. 9, 2024. Since that announcement, the supply of wrapped bitcoin (WBTC) held on Aave V3 has soared to a new peak. Meanwhile, cbBTC, the bitcoin derivative token from Coinbase, has hit a market cap of $247.8 million. Bitcoin Derivative Landscape Shifts […]Trump crypto venture WLFI a ‘potential pump-and-dump disaster’
The launch of the Trump family crypto venture, World Liberty Financial, during a US election campaign carries risks, possibly hurting both his campaign and the crypto industry’s image.
Former United States President Donald Trump could be playing a risky game by backing a new decentralized finance (DeFi) project.
Trump has put his personal brand on a number of eccentric products, from gold sneakers to Bibles, silver coins and most recently watches.
The former president and business mogul is reportedly busy launching the DeFi protocol World Liberty Financial (WLFI) and its token.
Still, this foray has been met with skepticism and doubt from within the crypto industry as it could harm Trump’s candidacy as well as the crypto industry's already less-than-stellar reputation.
The fact that a presidential candidate is diving into the DeFi sector does not impress Mark Cuban, an American businessman and open supporter of Vice President Kamala Harris’ candidacy.
Cuban told Cointelegraph that despite being a fan of DeFi, he doesn’t find anything “innovative or valuable about adding another DeFi offering” to the sector. The famous investor says this is just one more of Trump’s marketing schemes:
Liquid restaking protocol Bedrock adopts Chainlink Proof of Reserve after $2M exploit
Adopting Chainlink Proof of Reserve enhances Bedrock's security and transparency, potentially restoring user trust after the exploit.
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Phantom Wallet Joins Dydx, Easing Access for 7 Million Users
Dydx has announced its integration of the Phantom Wallet, a leading Solana-based non-custodial wallet, into its decentralized finance (defi) platform. This integration aims to simplify access for over 7 million Phantom users, aligning with Dydx’s goal to broaden participation in decentralized trading. Phantom Wallet Is Now on Dydx, Enhancing User Access The new integration allows […]DeFi Altcoin and Ethereum (ETH) Layer-2 Blockchain Both on the Rise After Coinbase Listing
A decentralized finance (DeFi) project and an Ethereum (ETH) layer-2 blockchain are both surging after abruptly gaining support from Coinbase. In a new set of announcements, top US-based crypto exchange platform Coinbase says it’s adding DeFi platform Moonwell (WELL) and ZKsync (ZK), an Ethereum scaling solution, to its suite of products. According to Coinbase, customers […]
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