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DeFi Platform Hacked for at Least $1,900,000 and Possibly More on Ethereum and Arbitrum Blockchains

DeFi Platform Hacked for at Least ,900,000 and Possibly More on Ethereum and Arbitrum Blockchains

A decentralized finance (DeFI) protocol has been hacked to the tune of millions of dollars over the Ethereum (ETH) and Arbitrum (ARB) blockchains. In a new announcement, cybersecurity firm Cyvers says that DeFi platform Hedgey Finance has been breached by bad actors who took at least $1.9 million worth of funds that were converted to […]

The post DeFi Platform Hacked for at Least $1,900,000 and Possibly More on Ethereum and Arbitrum Blockchains appeared first on The Daily Hodl.

Bitcoin Halving Executes, Defying Era of Money Printing and Currency Debasement With ‘Quantitative Tightening’ 

Tether Launches USDT on Ton Blockchain, Giving the Stablecoin Access to Telegram Messaging Platform’s Userbase

Tether Launches USDT on Ton Blockchain, Giving the Stablecoin Access to Telegram Messaging Platform’s Userbase

Stablecoin issuer Tether (USDT) is launching its dollar-pegged asset over The Open Network (TON), giving it access to the user base of the popular messaging platform Telegram. In a new article, Tether says that it is launching both USDT and Tether Gold (XAUT), its gold-backed crypto asset, over the layer-1 protocol TON, bringing its total […]

The post Tether Launches USDT on Ton Blockchain, Giving the Stablecoin Access to Telegram Messaging Platform’s Userbase appeared first on The Daily Hodl.

Bitcoin Halving Executes, Defying Era of Money Printing and Currency Debasement With ‘Quantitative Tightening’ 

What is EigenLayer? Ethereum’s restaking protocol, explained

With EigenLayer, restakers earn additional rewards, while developers get access to Ethereum’s robust security with less investment.

EigenLayer aims to eliminate a critical barrier many new DApps face by providing developers with an established security framework.

Ethereum has come a long way since its launch in 2015. It has held its position as the most influential blockchain, successfully transitioned from proof-of-work (PoW) to proof-of-stake (PoS), and is the foundation for many innovative crypto projects. 

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Bitcoin Halving Executes, Defying Era of Money Printing and Currency Debasement With ‘Quantitative Tightening’ 

Data Ownership Protocol (DOP) Partners With Bitcoin.com to Pioneer Data Sovereignty in Crypto

Data Ownership Protocol (DOP) Partners With Bitcoin.com to Pioneer Data Sovereignty in CryptoIntegration Promises Enhanced Privacy for Bitcoin.com Wallet Users Bitcoin.com, a leading platform for cryptocurrency users, announces its strategic partnership with the Data Ownership Protocol (DOP) to empower users with unprecedented control over their data within the Bitcoin.com ecosystem and beyond. This collaboration marks a significant milestone in the quest for data sovereignty in the crypto […]

Bitcoin Halving Executes, Defying Era of Money Printing and Currency Debasement With ‘Quantitative Tightening’ 

Ethereum on track for $1B annual profit as DeFi drives Q1 revenue

Ethereum saw first-time profits only last year and if it can keep pace with its 2024 first-quarter results, it could see $1 billion in yearly income by the end of the year.

Blockchain network Ethereum is on the path to $1 billion in annualized profits after it netted income of $365 million in Q1, coming alongside a year-on-year quarterly revenue growth of 155%.

The network’s 2024 first-quarter income is a nearly 200% bump from the $123 million profit in Q4 2023, according to an April 17 report from The DeFi Report analyst Michael Nadeau.

Ethereum’s fee revenue — earned through users paying for transactions — hit $1.17 billion, up 155% from Q1 2023 and an 80% increase from the prior quarter.

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Bitcoin Halving Executes, Defying Era of Money Printing and Currency Debasement With ‘Quantitative Tightening’ 

Ethereum liquid restaking drove DeFi TVL to $100B in first quarter

Protocols such as Lido and EigenLayer have been behind the DeFi TVL resurgence.

Decentralized finance total value locked (TVL) almost doubled in the first three months of this year compared to the previous quarter, partially driven by Ethereum liquid restaking initiatives, according to recent research. 

DeFi total value locked surged from a Q4 2023 low of $36 billion to peak at almost $97 billion in the first quarter of 2024, according to DefiLlama. Since the beginning of the year, it has increased by 81% to a two-year high of $98 billion last week.

Messari reported slightly higher TVL figures on April 18, noting that DeFi collateral increased by 65.6% quarter-on-quarter to reach $101 billion. However, it attributed this growth to the prices of the underlying assets increasing and liquid restaking.

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Bitcoin Halving Executes, Defying Era of Money Printing and Currency Debasement With ‘Quantitative Tightening’ 

Whale That Bought Ethereum at the Bottom in 2022 Sends 5,000 ETH to Kraken: Lookonchain

Whale That Bought Ethereum at the Bottom in 2022 Sends 5,000 ETH to Kraken: Lookonchain

A crypto whale that bought $151.42 million in Ethereum (ETH) near its market cycle bottom in September 2022 appears to be taking some profits, according to the digital asset tracker Lookonchain. Lookonchain notes that the whale withdrew 96,638 ETH from Coinbase at an average price of $1,567 between September 3rd and Sept 7th, 2022. In […]

The post Whale That Bought Ethereum at the Bottom in 2022 Sends 5,000 ETH to Kraken: Lookonchain appeared first on The Daily Hodl.

Bitcoin Halving Executes, Defying Era of Money Printing and Currency Debasement With ‘Quantitative Tightening’ 

EY launches new blockchain solution to manage business contracts on Ethereum

EY launches OCM, a blockchain solution for efficient contract management on Ethereum, promising enhanced confidentiality and cost savings.

The post EY launches new blockchain solution to manage business contracts on Ethereum appeared first on Crypto Briefing.

Bitcoin Halving Executes, Defying Era of Money Printing and Currency Debasement With ‘Quantitative Tightening’ 

Trader Says Bitcoin Could Surge by 35% if BTC Overcomes Critical Level, Updates Outlook on Ethereum and VeChain

Trader Says Bitcoin Could Surge by 35% if BTC Overcomes Critical Level, Updates Outlook on Ethereum and VeChain

Cryptocurrency trader Ali Martinez is highlighting a key resistance level which, if broken, could see Bitcoin (BTC) hitting a new all-time high. Martinez tells his 58,900 followers on the social media platform X that Bitcoin could soar by up to 36% from the current level if BTC manages to climb above a key resistance level. […]

The post Trader Says Bitcoin Could Surge by 35% if BTC Overcomes Critical Level, Updates Outlook on Ethereum and VeChain appeared first on The Daily Hodl.

Bitcoin Halving Executes, Defying Era of Money Printing and Currency Debasement With ‘Quantitative Tightening’ 

Eigenlayer Launches on Ethereum Amid Concerns Over Centralization and Potential Security Threats

Eigenlayer Launches on Ethereum Amid Concerns Over Centralization and Potential Security ThreatsEigenlayer launched on Ethereum’s mainnet with over $12 billion in total value locked, aiming to create a restaking ecosystem which, while promising lucrative prospects, may introduce unforeseen risks including potential centralization and the threat of slashing cascades impacting Ethereum’s security. The launch was executed with certain safeguards, such as the temporary disabling of slashing and […]

Bitcoin Halving Executes, Defying Era of Money Printing and Currency Debasement With ‘Quantitative Tightening’