Day: 10 June 2024

Dilation Effect, a group of Web3 security enthusiasts, has conducted an extensive investigation into OKX's security protocols in response to recent security incidents surrounding the exchange. Their report, published on June 10, 2024, tried to address questions regarding the platform's ability to safeguard user accounts from unauthorized access. The investigation ...

Binance has announced a surprise airdrop for all holders of NFTs in CR7 Forever Worldwide. As a result, over 100 free NFTs will distributed to participants to elevate the rarity of existing collections. The airdropped NFTs will bring significant benefits exclusively available on the Binance NFT platform. Eligible participants must ...

A new Solana-based memecoin, Roshi Coin, has announced the deployment of its $ROSHI native token on the Pinksale Launchpool. According to a press release, the official launch of the token is scheduled for Monday, June 10, at 10:00 a.m. (UTC-4). The Roshi Coin team claims this launch will usher in ...

UwU Lend, a leading decentralized smart lending platform, is under attack. According to Cyvers Alerts, an on-chain tracking platform, approximately $19.5 million has been stolen so far.  According to the platform, the attack is still ongoing, and the amount lost could increase. Meanwhile, the UwU Lend team has not issued ...

June began positively for digital asset investment products, with nearly all providers experiencing inflows and an overall total of $2 billion, according to CoinShares' weekly fund flows report.  Published on June 10, the report highlighted that these early June inflows brought the five-week total for digital asset financial products to ...

Polyhedra Network, the developer of Ethereum scaling solution zkBridge, has announced a temporary staking program which offers participants tokens worth $1.13 million in USDT.  According to the announcement, the program runs until July 11 and requires participants to stake their tokens for at least one week. This four-week-long staking event ...

Following the recent security breach on its platform, the Loopring Team has advised users who have experienced asset loss to contact them on their funds. "If you've experienced asset loss during the Loopring Smart Wallet compromise event, please contact us," the Loopring team stated in a recent social media post. ...

Tron's founder and chief executive, Justin Sun, reportedly made over $24.9 million in profit after trading some digital assets he had held for over one year. According to the on-chain analytics platform Spot On Chain, a wallet linked to Sun deposited $21 million worth of digital assets into a Binance ...

Coinbase's Base has emerged as the leading Ethereum layer-2 network, boasting the highest transaction count and profitability for three consecutive months. According to L2Beat, as of June 10, Base's Total Value Locked (TVL) stands at $8.05 billion. This includes $2.14 billion of assets bridged from Ethereum and $5.92 billion in ...

South Korea's Financial Services Commission (FSC) has released new guidelines clarifying when non-fungible tokens (NFTs) should be classified as virtual assets.  According to reports from local media on June 10, the FSC will regulate certain NFTs similarly to cryptocurrencies if they exhibit specific characteristics. NFTs are digital tokens characterized by ...