In A Nutshell Curve Finance, a leading DeFi platform, faced a challenging situation when an exploit of UwU Lend triggered a cascade of automatic loan liquidations amounting to $100 million. This incident sent Curve’s CRV token tumbling down 30%. Founder Michael Egorov has expressed a strong commitment towards making Curve the safest lending platform in…
In A Nutshell The altcoin market, particularly cryptocurrencies with market caps under $10 billion, has shown signs of potential rebound opportunities after a challenging period since March. This observation comes in the wake of Bitcoin reaching new heights earlier in the year, followed by a notable decline in the value of smaller cap cryptocurrencies. Analysis…
In A Nutshell As Bitcoin (BTC) sees a decline to $67K in anticipation of the Federal Open Market Committee (FOMC) meeting, the cryptocurrency market displays a mix of apprehension and bullish optimism. Despite the current setback, trading firms maintain a positive outlook for Bitcoin’s near-term recovery, highlighting a crucial test of resilience at the $67K…
In A Nutshell Web3 infrastructure company Biconomy is pioneering the integration of artificial intelligence (AI) agents to facilitate on-chain transactions for users. This innovation comes through their Delegated Authorization Network (DAN), a novel system providing an authorization layer that empowers AI agents to manage and execute trading activities autonomously or semi-autonomously based on user-defined criteria….
In A Nutshell Ethereum layer-2 solution, Optimism, has reached a significant milestone in its path towards decentralization, known as “Stage 1”. This development has been marked by the implementation of fault proofs into its smart contracts. This advancement allows users to initiate withdrawals of Ether and ERC-20 tokens independently, without relying on any trusted third…
In A Nutshell Wintermute CEO Evgeny Gaevoy criticized Ethereum’s leadership for facing an ideological contradiction, arguing the community must decide between fostering a capitalist or socialist framework but cannot pursue both. This commentary follows Ethereum co-founder Vitalik Buterin and Uniswap founder Hayden Adams’ recent discussions on the value and societal contributions of celebrity memecoins within…
In A Nutshell The CEO and co-founder of io.net, Ahmad Shadid, has unexpectedly resigned just two days before the company’s much-anticipated token launch. Shadid’s departure, announced as immediate, comes amidst unaddressed allegations concerning his past and concerns about the company’s GPU chip offerings. Despite this, the io.net team remains focused on the upcoming token release…
In A Nutshell The landscape of cryptocurrency security is evolving, with a notable increase in crypto hacks during the first quarter of 2024. However, the trend shifts away from smart contract vulnerabilities to more rudimentary yet effective techniques such as private key leaks. With a staggering $542.7 million stolen in early 2024, a deeper analysis…
In A Nutshell The cryptocurrency market continues to surprise investors with its dynamic nature, and Solana (SOL) is no exception. Recent developments have seen Solana’s trading volume skyrocket, drawing significant attention to the potential implications on its price. Despite a week of robust trading activity, SOL experienced a slight downturn in the last 24 hours,…
In A Nutshell Solana (SOL), a prominent cryptocurrency recognized for its high speed and low transaction costs, has recently been in the spotlight due to its market capitalization briefly reaching the $80 billion mark. This movement signifies a notable achievement, though it was short-lived, as the market cap fell below this threshold shortly after. Despite…