In A Nutshell The infamous MEV bot known as “jaredfromsubway.eth” has made a comeback with enhanced capabilities for executing sophisticated “sandwich” attacks on Decentralized Finance (DeFi) protocols. According to recent reports by EigenPhi, this bot now employs new, multi-layered tactics to exploit vulnerabilities and manipulate transaction prices for profit. Initially gaining notoriety for securing millions…
In A Nutshell The Bitcoin ecosystem is experiencing a paradoxical situation where the hashrate, or the computational power used to mine and process transactions, has hit an all-time high, while miners’ earnings have sharply declined. This scenario poses significant challenges for Bitcoin miners, especially in the wake of the recent halving event and a noticeable…
In A Nutshell The Canto blockchain, a layer-1 network based on the Cosmos protocol, experienced a second shutdown merely 90 minutes after a scheduled restart aimed at addressing a consensus issue. This hiccup was attributed to unexpected secondary effects that emerged post-upgrade. Despite the outage, Canto’s token price witnessed an impressive surge, raising eyebrows in…
In A Nutshell The Lido community’s decentralized autonomous organization (DAO) recently endorsed a proposal to bridge its Staked ETH (stETH) to the BNB Chain, facilitated by Axelar and Wormhole. This strategic move positions stETH to access the BNB Chain’s vibrant ecosystem, enhancing liquidity and widening the scope for decentralized finance (DeFi) interactions. Strategic Integration: Expanding…
In A Nutshell The realm of Web3 gaming, with its promise of decentralized economies and true digital ownership, is on the brink of significant evolution. Jason Lau, the Chief Innovation Officer at OKX, stresses the necessity for a platform akin to Steam but for Web3 games. He highlights the burgeoning interest in integrating non-fungible tokens…
In A Nutshell The Canto blockchain experienced a significant outage lasting over 33 hours due to a consensus issue. The problem led to a complete halt of transactions on the platform, with efforts underway to address and resolve the issue through a scheduled upgrade. Understanding the Canto Chain Outage The Cosmos-based layer-1 blockchain, Canto, faced…
In A Nutshell The UK’s Competition and Markets Authority (CMA) has initiated a formal investigation into Amazon’s $4 billion investment in artificial intelligence research firm Anthropic, exploring if this partnership constitutes a de facto merger. This inquiry, which began on August 9th, delves into the implications of such financial engagements under antitrust laws, with a…
In A Nutshell Stellar Lumens (XLM) has exhibited a notable recovery from its recent lows, suggesting the formation of a new price range. With a rebound of over 34% following a downturn that echoed a broader crypto market pullback, XLM’s price action indicates a potentially bullish reorientation. Key factors such as increased spot demand, positive…
In A Nutshell The Web3 gaming ecosystem, Pixelverse, is collaborating with mobile game studio Azur Games to enhance the gaming experience on Telegram with new mini-games. This partnership aims to bring together the traditional mobile gaming scene with the burgeoning Web3 space, introducing advanced gameplay features and utilizing characters from the Pixelverse universe. This initiative…
In A Nutshell The crypto community is abuzz with Eric Trump’s recent hint at a major announcement in the world of cryptocurrencies and decentralized finance (DeFi), sparking speculations about the introduction of a new memecoin. This move comes amidst a backdrop of mixed reactions from the community and significant skepticism regarding the Trump family’s genuine…