Bitcoin has once again surged above $60k causing the entire cryptocurrency market to turn bullish with tokens like Orchid (OXT), Osmosis (OSMO), Peercoin (PPC), and Pendle (PENDLE) causing a buzz due to their price performance.

Amid the crypto market hitting a crossroads near the weekend, the altcoins market is ending the week on a minor recovery note. With the increasing chances of a breakout rally next week, many altcoins offer a simple buy low, sell high opportunity.

Pendle price has been on an uptrend for the past seven days, becoming the best-performing real-world asset (RWA) token in that sector. PENDLE gained a staggering 27% in a week, bringing its market cap to $547 million.

TL;DR Pendle's Expansion: Pendle, a DeFi protocol, has launched Bitcoin yield pools, allowing BTC holders to explore new yield strategies and broaden their options within the DeFi ecosystem.

The global cryptocurrency market cap rose early Thursday as upside momentum during the Asian trading hours pushed Bitcoin (BTC) to a one week high above $58,400. Several altcoins followed suit, with outperformers being Sui (SUI) and Artificial Superintelligence Alliance (FET). Amid broader market gains, Nano (XNO) and NEM (XEM) also rose.

The floating yields on the bitcoin-linked LBTC token are from pools that went live on Wednesday. There's also a fixed-yield option of an annualized 10%.

Pendle, a decentralized finance (DeFi) yield trading protocol, has made a significant leap by expanding into Bitcoin (BTC) yield options.

Pendle (PENDLE) has made a bold move into Bitcoin yields by launching a new BTC pool, offering Bitcoin holders enhanced yield trading opportunities. With the introduction of the LBTC x Corn Pool, Bitcoin enthusiasts can benefit from diversified strategies, including higher returns, fixed yields, and more trading options.

Pendle's BTC pools expansion diversifies DeFi opportunities, enhancing yield strategies and fixed yield trading for Bitcoin holders. The post Pendle expands yield opportunities for Bitcoin holders with new BTC pools appeared first on Crypto Briefing.

It will be an important test case for EigenLayer and other restaking protocols, which promise extra yield on staked tokens in exchange for securing additional networks.

A crypto whale with a $26.47 million position in Wrapped Bitcoin (WBTC) is cutting it close after barely escaping liquidation last Friday.

Decentralized Finance (DeFi) Protocol Penpie recently fell victim to an exploit that took millions of dollars worth of several crypto assets. Pendle, the protocol Penpie is based on, addressed the incident in a post-mortem post, revealing to have prevented further losses worth over $100 million in users' funds.

In a swift and coordinated response, DeFi project Pendle successfully protected approximately $105 million from a potential drain following a significant hack involving Penpie, an independent yield optimizer built on the Pendle ecosystem.

Pendle secured $105 million after a Penpie hack. Attacker exploited $27 million; funds converted into 11,109 ETH.

In a post-mortem published on Wednesday, the decentralized finance (DeFi) protocol Pendle claimed to have safeguarded around $105 million in funds.

Key points:

DeFi protocol Pendle says it saved around $105 million from being further drained following a $27 million hack of yield optimizer Penpie.

Bitcoin has recently faced a bit of turbulence, dropping from its previous high of $63,000. However, the analyst of Crypto Banter's The Sniper Trading show said that it's important to remember that the last low was around $49,000, and we are still maintaining higher lows, sitting comfortably at $59,000-$60,000.

Real World Assets domain cryptos are gaining attention steadily, and the upcoming September 2024 for MKR, ONDO, and, PENDLE, looks favorable for investment. Maker(MKR) MKR is loaded with positive fundamentals like the recent adoption by top crypto asset management Grayscale, which added MKR to its crypto investment list.

Real World Assets (RWA) Tokenization is gaining traction in the crypto market. If you're an investor looking to diversify your portfolio or explore new opportunities, this analysis highlights some of the most promising RWA altcoins to consider in September.

As 2024, the year marked by exciting movements in the cryptocurrency sector, slowly moves towards its final quarter, crypto traders and investors are increasingly looking at its potential assets that could deliver a relatively substantial profit.

Story Highlights The live price of the COMP crypto is . Compound price could reach a maximum of $100 by 2024. This altcoin could surpass $400 mark with a high of $412.66 by 2030. With the bullish 2024 turning gaining momentum, the buyers are preparing for the positive events ahead.

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Pendle, the decentralised finance protocol that's riding the tokenization wave across the crypto space, is one of the top-performing altcoins in the past 24 hours. The protocol's native token PENDLE, which offers holders access to the trading of future yield, was up 42% at the time of writing to hover near $2.75.

TL;DR ONDO's Performance: ONDO, the native token of Ondo Finance, one of the RWA cryptocurrencies, surged by nearly 37% in the last 24 hours, reaching a price of $0.71. Despite this short-term gain, ONDO has experienced a 25% decline from its August 1 price of $0.95.

After a significant drop yesterday, Bitcoin and the broader crypto market finally recovered remarkably.

Humpy, a known whale that has caused governance pressure for Balancer and SushiSwap, managed to turn Compound into a yield-bearing staking asset after a controversial voting proposal.

The Pendle price prolonged its consolidation from last as the broader market witnessed a surge in supply pressure after Bitcoin reverted from $70000 on Monday—the renewed selling pressure in pressing the Pendle coin against multi-month support with potential for bearish breakdown. However, recent accumulations from prominent institutions signal a potential for reversal.

Compound Protocol is considering a major shift in its revenue distribution following a recent governance fiasco.

With the market liquidations on the rise, Compound enters the list of top-performing altcoins with two bullish daily candles. As the bull run in the COMP price gains momentum, the daily chart reveals a breakout run impending to explode.

Compound Finance's governance attack gets unexpected happy ending.

Compound Finance has brokered a truce with the pseudonymous crypto whale Humpy and his group, The Golden Boys, following a heated governance dispute over Proposal 289.

TL;DR Proposal Cancellation: Compound Finance defused a contentious “governance attack” by reaching a settlement with crypto whale Humpy and his Golden Boys group. Yield-Bearing Staking Program: Instead of goldCOMP, a new staking product will distribute 30% of existing and new market reserves annually to staked COMP holders.

A controversial proposal to allocate $24 million of Compound Finance's treasury has sparked allegations of a governance attack by a small group of token holders, raising concerns over the protocol's decision-making integrity.

Mog Coin (MOG), Compound (COMP), and Blackjack ($JACK) have all made headlines with their respective advancements, price movements, and unique characteristics. As these cryptocurrencies continue to shape the market, investors are closely watching their trajectories to gauge future potential and opportunities. This article delves into the latest updates on these three intriguing assets.

The settlement and new staking plan could enhance Compound's governance security and tokenomics, potentially attracting long-term investors. The post Compound settles ‘governance attack' as COMP surges 7% with new staking plan appeared first on Crypto Briefing.

A new staking product will be offered instead of what Humpy and the 'Golden Boys' initially proposed.

Compound price jumped by 6.4% despite a $25 million attack on its DAO governance. The dysfunctional Compound DAO was riddled with inactive members, which led to a sinister whale proposing and passing a $499,000 COMP grant for his team, the Golden Boys.

The Compound Finance (COMP) treasury has been drained of $25 million in a recent governance attack, raising alarms about the state of decentralized governance in the decentralized finance (DeFi) ecosystem. Compound DAO Hijacked According to researcher DeFi Ignas, the attack began with an initial proposal to grant 92,000 COMP tokens, submitted without prior discussion on the Compound DAO forum.

TL;DR Golden Boys and Governance Controversy: Compound Finance, a decentralized lending and borrowing protocol, is embroiled in a governance scandal. The “Golden Boys” group is at the center of the controversy, with allegations of a governance attack.

Compound (COMP) price slipped about 6%, trading as low as $47.27 on Monday. The decline came as the community reacted to the latest news about the governance of the decentralized autonomous organization (DAO) behind the lending protocol.

A whale holding COMP tokens is helping push through a governance proposal that would allocate $24 million in COMP to a yield-bearing protocol called goldCOMP.

Pendle Finance, a prominent decentralized finance (DeFi) protocol specializing in yield trading solutions, is staging a strong recovery following a major security breach earlier this year. The incident, involving a malicious DNS redirect and domain hijack attempt, led to a temporary shutdown of Pendle's app.

As the crypto market takes a slow approach in the middle of the week, Bitcoin and other top altcoins are taking it easy. However, the low-cap altcoins amplify the minor upticks for a quick rise and breakout rally opportunities.

Despite the recent bounce in the market, there is enough opportunity as many altcoins remain majorly undervalued. Analyst Miles Deutscher said some altcoins could perform exceptionally well if the market gains momentum.

TL;DR TVL Recovery Efforts: Pendle, a yield trading protocol, is addressing a 40% decline in its TVL. To reverse this trend, Pendle has launched new liquidity pools on the Arbitrum network. Pendle-Karak Collaboration: In addition to the pools, Pendle has partnered with Karak Network.

The cryptocurrency market entered the second half of July on a bullish note as Bitcoin price projected a 4-day rally to reclaim the $62000 mark. The recovery momentum spread rapidly to the altcoin market and uplifted the Pendle coin to a $4.45 high while the market cap jumped to $691.5 Million.

Responding swiftly to the attack, the Pendle Finance team shut down their app after detecting a malicious DNS redirect. The PENDLE price is currently trading 14% up at $4.40 with a market cap of $681 million.