🚨 Hacker praised after $27M crypto heist from Penpie DeFi protocol

The hacker responsible for stealing $27 million in crypto from the decentralized finance (DeFi) protocol Penpie received an appreciation message from a fellow criminal. On Sept. 3, Penpie suffered an exploit that led to the loss of digital assets worth $27 million. In response, the DeFi platform suspended deposits and withdrawals. Less than a day after the hack, the Penpie hacker sent $7 million in assets to the crypto mixer Tornado Cash.

Source

@DeFi_ICO_Invest

39193

0

📊 DeFi and social dApps lead in monthly unique wallets for August – DappRadar

DeFi and social dApps saw a notable rise in daily unique active wallets (dUAW) in August, as the overall dApp industry hit a record 17 million average dUAWs, up 9% from the previous month, according to a DappRadar report. Decentralized exchanges Raydium and Uniswap v2 had 18.8 million and 4.8 million monthly unique active wallets, respectively, in August, granting them the second and fourth most active applications in the blockchain sector in the period.

Source

@DeFi_ICO_Invest

39315

1

🇺🇸 Trump family’s DeFi project wants to ‘ensure US dollar dominance’

While not much is known about the Trump family’s crypto project — the latest statement from World Liberty Financial suggests it wants to spread the use of United States dollar-pegged stablecoins in decentralized finance. In a Sept. 4 statement to X, the yet-to-be-launched decentralized finance (DeFi) platform claimed one of its key goals was to drive the "mass adoption of stablecoins and decentralized finance."

Source

@DeFi_ICO_Invest

39366

0

🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟

Stay ahead with:

- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.

Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!

🔗 Join now: @Cryptocurrency_Inside

#advertising

39315

0

📊 Streamlining DeFi lending with cross-chain functionality: X Spaces with Nolus Protocol

While DeFi lending shows growth and offers exciting opportunities, its challenges may hinder mainstream adoption. Kamen Trendafilov, a co-founder of Nolus Protocol, discussed the topic at the recent Cointelegraph X Spaces. Trendafilov believes that the market’s potential is restricted by the overabundance of locked-up collateral since it wastes capital that could be used to minimize counterparty risk.

Source

@DeFi_ICO_Invest

39330

0

🚨 DeFi Protocol Penpie Exploited for $27M of Crypto Assets; PNP Token Craters 40%

Decentralized finance (DeFi) protocol Penpie, built on top of tokenized yield platform Pendle, suffered an exploit on Wednesday, crypto observers reported. The alleged exploiter drained roughly $27 million of crypto assets including various types of staked ether (ETH), Ethena's sUSDE and wrapped USDC stablecoin from the protocol, blockchain data shows. Later, it converted the proceeds to ETH using predominantly Li.fi and forwarded to asset to a new address, according to Etherscan data.

Source

@DeFi_ICO_Invest

39369

0

💰 Bitcoin DeFi Protocol Seeks to “Save” WBTC from Justin Sun

Threshold, a Bitcoin DeFi protocol with a $212 million market capitalization, has proposed to merge its tBTC token with wrapped Bitcoin (WBTC) in an effort to “save” WBTC from falling into the wrong hands amid a looming change in WBTC’s custody model. The proposal comes after a recent move by BitGo – the custodian behind WBTC – to join forces with BiT Global, a Hong Kong-based company with deep ties to controversial Tron founder Justin Sun.

Source

@DeFi_ICO_Invest

39382

0

🪙 Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise

Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Despite ethereum (ETH) facing challenges against bitcoin (BTC) and solana (SOL) throughout 2024, its network remains the reigning champion in the world of defi value.

Source

@DeFi_ICO_Invest

39350

0

📣 BounceBit to Launch CeDeFi V2 Platform with Modifications for DeFi and Gaming

BounceBit (BB) is getting ready to launch BounceBit V2 in September 2024, which will make significant changes to its centralized decentralized finance (CeDeFi) infrastructure and BounceClub. The new version aims to improve user experience through the inclusion of innovative features from the decentralized finance (DeFi), artificial intelligence (AI), and gaming sectors.

Source

@DeFi_ICO_Invest

39368

0

📊 SOFA.org Hosts AMA on The Future of DeFi Settlement

SOFA.org, a decentralized and non-profit DAO developing a decentralized clearing protocol, was joined by Mr. John Cahill, COO of Galaxy Digital Asia, to discuss the project's long-term value-proposition as an industry-wide settlement system, and its secure suite of on-chain structure products. The panel was moderated by the Real Moonlight Show on Binance Live.

Source

@DeFi_ICO_Invest

39385

1