DeFi News
MetaMask Users Frustrated as Infura Suffers Another Service Outage
Users of the popular Ethereum wallet MetaMask are infuriated after the wallet’s default endpoint, Infura, again suffered a major outag...
Tron to Launch an Algorithmic Stablecoin Backed by $10 Billion in Crypto
Tron CEO Justin Sun has announced his plan to launch a decentralised algorithmic stablecoin known as Decentralised USD (USDD) on the Tron bl...
Class Action Lawsuit Launched Against Uniswap for ‘Promoting Scam Coins’
US-based decentralised exchange (DEX) Uniswap has been hit with a lawsuit that alleges the “sale of unregistered securities”. Th...
ETH Privacy Tool Tornado Cash Starts Blocking Sanctioned Addresses
Tornado Cash is apparently using Chainalysis oracles to block access from US Office of Foreign Assets Control (OFAC) addresses. The blockade...
Beanstalk Stablecoin Loses $182 Million in Flash Loan Exploit
An attacker has drained US$182 million from Beanstalk stablecoin protocol in a flash loan attack, the second nine-figure DeFi exploit in jus...
ICHI Token Sinks 90% Amid Cascading Liquidations on Rari
One of Ichi Foundation’s pools on Rari has spun itself into a debt crisis due to falling BTC prices and an overzealous tolerance for c...
Ethereum Rollup ‘Arbitrum’ Releases Update to Reduce Gas Fees by 50%
Arbitrum, Ethereum’s largest rollup solution with over US$2 billion total value locked (TVL), has announced the launch of Nitro, a maj...
Binance Leads $150 Million Round to Reimburse Ronin Attack Victims
Following last month’s record-breaking hack of the Ronin network, responsible for Axie Infinity transactions, Binance has led a fundin...
Ledger Launches NFT-Focused Hardware Wallet ‘Nano S Plus’
A new hardware wallet released by Ledger this week promises to let people securely explore more of Web3 by offering management tools fo...
Neutrino Dollar Stablecoin Loses Peg, Drops 15% Amid Manipulation Speculation
Neutrino Dollar (USDN), a dollar-pegged stablecoin backed by the Waves protocol, has lost over 15 percent of its value due to accusations of...
NFT Music Token OPUL Surges 175% Amid DeFi Staking Announcement
Opulous, a relatively new blockchain-based music platform built for creators and investors, has seen the price of its token, OPUL, rally 175...
Polkadot Project ‘Astar’ (ASTR) Doubles Amid $22 Million Fundraise
Astar Network recently announced it had secured over US$22 million in a fundraising round led by industry-leading crypto companies and angel...