Singapore, Singapore, 18th September 2024, Chainwire
Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant.
The cryptocurrency market is no stranger to sudden shifts, and Arbitrum (ARB) is currently in the spotlight. After a prolonged period of trading within a descending channel, ARB is now testing critical resistance levels that could signal a massive breakout.
The Trust Wallet team addressed rumors circulating on X (formerly Twitter), clarifying that Binance would not delist the TWT token.
Aptos (APT) price, a layer 1 cryptocurrency, is currently exhibiting an upward trajectory in its market trends. The APT price movement has entered a bullish phase, showing a noticeable recovery recently.
TL;DR Stacks Launches sBTC on Aptos Network: The integration of sBTC, a 1:1 Bitcoin-backed asset, will enable its use on the Aptos blockchain. Benefits for developers: Aptos will allow developers to use the Move programming language to build decentralized applications with Bitcoin.
Aptos Foundation has announced that Stacks, the Bitcoin Layer 2 protocol, will integrate Bitcoin into the Aptos ecosystem.
The integration of sBTC into Aptos could significantly expand Bitcoin's utility, enabling its use in diverse decentralized applications and smart contracts. The post Stacks to bring Bitcoin to Aptos network through sBTC integration appeared first on Crypto Briefing.
The integration "instantly makes Bitcoin highly capable beyond a store of value," said an Aptos exec.
The integration "instantly makes Bitcoin highly capable beyond a store of value," said an Aptos exec.
The integration allows Aptos developers to incorporate Stacks' sBTC into dApps and other real-world applications.
Lido's performance has been disappointing over the past year. The token has seen a substantial drop of 35% year-to-date and continues to face challenges, with a recent 24-hour decline of 3.3%.
DeltaPrime DeFi, which runs on the Arbitrum platform, has been dealt a major blow in the form of a hack. The attack that took place at 6:14 AM CET led to a loss of $5. 98 million to liquidity pools belonging to the provider DeltaPrime was first flagged by Cyvers alerts.
Arbitrum tests resistance, with a potential 182% price surge on the horizon. Will it break out?
The hacker exploited DeltaPrime's admin proxy, enabling them to redirect contracts to malicious addresses. By doing so, they were able to drain funds from key liquidity pools, including DPUSDC, DPARB, and DPBTCb.
Based on Q3 returns, investors holding the other top DeFi blue chips were in losses, but not AAVE.
The blockchain security company Cyvers has reported a security leak in the decentralized finance (DeFi) protocol DeltaPrime, which operates on the Arbitrum network. The Cyvers estimates the loss in the incident to be four and a half million dollars at first, however, after it was reported that the funds had been transferred from DeltaPrime's DeFi
Bitcoin Frontier Fund, the Stacks Foundation, and Tokensoft have announced a partnership aimed at helping Bitcoin-based startups launch more quickly and efficiently. The collaboration will bring Tokensoft's resources and expertise to startup founders building on Bitcoin, particularly those participating in programs like the N21 accelerator and Bitcoin Frontier Fund's startup accelerator.
The partnership enhances support for Bitcoin builders, streamlining compliance and accelerating project launches, fostering innovation in the ecosystem. The post Tokensoft partners with Stacks Foundation and Bitcoin Frontier Fund to accelerate Bitcoin builders appeared first on Crypto Briefing.
TL;DR DeltaPrime Hack: DeltaPrime, a DeFi platform, lost over $6 million due to an admin key hack on the Arbitrum network, highlighting serious security concerns. Details and Impact: The hacker exploited a leaked private key to drain funds, affecting various tokens like USDC, ARB, and BTC, and leaving the Avalanche version unaffected.
Lido has been on a bearish trend. However, an analyst's latest optimistic prediction of a potential multi-month rally offers hope.
The attack is believed to have occurred due to a private key exploit.
DeltaPrime, a DeFi protocol on the Arbitrum chain, has fallen victim to a series of suspicious transactions. The Web3 security firm CyVers flagged the issue, revealing that malicious actors have compromised protocol's admin wallet.
Arbitrum and ApeCoin prices will be in the spotlight this week as their networks unlock millions of tokens. ApeCoin (APE) token was trading at $0.
Circle Internet Financial, the company behind the US Dollar Coin (USDC), has announced the integration of the Arbitrum layer-2 scaling chain into its Web3 infrastructure platform.
DIA's decentralized price oracles provide Stacks with transparent and dependable data. Developers now have free access to price feeds, which improves Stacks' DeFi ecosystem.
DappRadar shows that in the last 24 hours, volumes have dropped by 33% to $1.08 billion
Arbitrum holds the top spot in the Layer 2 ecosystem with the highest TVL, but ARB token holders face challenges.
STX experiences a 15.68% surge in the last seven days, leaving analysts excited for a 140% increase to $3.78.
Circle integrates its USDC stablecoin with Arbitrum's Layer-2 network, enhancing Web3 tools for developers and expanding USDC's presence in decentralized finance.
Proponents of migration plan see ZKsync as more 'suited' to Treasure DAO's long-term plans for decentralized gaming.
It's Circle's latest effort to embed USDC into Arbitrum, a hub for DeFi, and to compete with Tether's USDT.
The deployment of GHO has been limited to Ethereum and Arbitrum networks, at least for now.
Arbitrum shows potential for recovery as adoption grows and bullish signals emerge.
The Stacks Asia Foundation will play a crucial role in advancing Bitcoin's decentralized finance (DeFi) capabilities through Stacks' Layer-2 solutions.
DIA, a decentralized oracle network focusing on customizable market data feeds, has joined forces with the Stacks (STX) ecosystem, based on the most recent data shared with Finbold on Wednesday, September 11.
Coinbase's native layer 2 network Base has surpassed 4.2 million daily transactions, according to data from Coin98Analytics. Arbitrum came closest with 1.3 million transactions followed by Ethereum with 1.1 million transactions.
Arbitrum (ARB) has recently emerged as a notable performer. After breaking out from a falling wedge pattern, ARB's price is showing promising signs of further gains.
TL;DR Expansion to Arbitrum: Paxos will integrate its tokenization platform with Arbitrum One, Ethereum's leading Layer 2 network. Expected impact: The collaboration will enable Paxos to leverage Ethereum liquidity faster and at lower costs. Arbitrum Capabilities: Arbitrum One is known for its high performance and scalability, making it easy to integrate real-world assets.
Paxos, a leading tokenization platform, will integrate Arbitrum, marking its first foray into the Ethereum layer-2 ecosystem, according to a Sept. 10 statement shared with CryptoSlate.
Paxos will integrate with Arbitrum to enhance its presence in Ethereum's ecosystem and facilitate institutional adoption of on-chain real-world assets.
Stablecoin issuer Paxos is set to launch its products on the Ethereum Layer 2 blockchain Arbitrum One as it expands its services.
Story Highlights The live price of Lido Dao is With a surge, Lido Dao could go as high as $5.782 by the end of 2024. LDO price with a potential surge could reach a maximum of $22.112 by 2030.
Digital coins displayed bullish signals on Tuesday as the global cryptocurrency market cap increased by 3.20% within 24 hours to $2 trillion. That reflected solid recoveries from the latest bearish slide, which dumped Bitcoin to $52.8K on September 7.
Arbitrum's bullish breakout targets 25% gains - large transactions and rising activity spark excitement.
Bitcoin layer-2 Stacks witnessed 1,400 smart contract deployments month over month, as its soon-to-be-effected Nakamoto upgrade will reduce its transaction confirmation time to seconds.
Stacks, the Bitcoin Layer-2 protocol, has achieved a new high in smart contract deployments, with a 30% month-over-month increase. This growth reflects the ongoing efforts of developers to enhance the Bitcoin ecosystem, making Bitcoin a more productive network.
Stacks, a Bitcoin L2 smart contract platform, deploys over 1400 smart contacts ahead of Nakamoto's upgrade full activation.