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Despite an industry-wide state of decline, Shiba Inu (SHIB) was a notable exception over the weekend. Meme coins have recently been facing significant corrections and Shiba Inu (SHIB) is no exception. Although the corrections are reflective of the state of the general cryptocurrency market, SHIB’s loss has been quite massive, threatening
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied ApeCoin, the buzzing cryptocurrency governed by ApeCoin DAO, is sailing in tumultuous waters with a 28% drop in value over the last week. The unsettling salary revelations of the DAO’s leadership have stirred up a storm
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Floating Point Group (FPG), an institutional trading desk specializing in cryptocurrencies, suffered a cyber attack on Sunday, June 11, which resulted in a loss of between $15 million and $20 million in crypto, a spokesman for the firm told CryptoX. Source
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DeFi hacks have gone through the roof in recent times and many will argue that the DeFi ecosystem has proven time and again that it is indeed an exploiter’s paradise. Decentralized finance (DeFi) protocol Sturdy Finance is the latest victim in a long list of DeFi hacks. The Sturdy Finance
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Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology partner Prime Trust. The fifth-largest stablecoin by market capitalization traded at $0.9964 at its deepest point. According to CoinMarketCap, its value is $0.9981 as of this writing.
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"The hype of meme coins is usually exciting, but often followed by a market crash, similar to what we saw with DOGE and SHIB two years ago,” said Youwei Yang, chief economist at publicly traded bitcoin mining company, BTCM. “The market correction for memecoins this week is largely due to
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Decentralized Finance (DeFi) protocol DEUS has lost over $6 million due to a security breach on its stablecoin DEI. The hacker exploited a vulnerability in the BNB Smart Chain (BSC) on May 5, according to blockchain security firm PeckShield. A bot initiated the hack on the BSC, which led to a
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Decentralized finance (DeFi) protocol 0VIX has lost $2 million in a flash loan exploit, according to on-chain data. Source
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Despite being one of the major decentralized exchanges, customers of PancakeSwap are fast losing confidence in the platform. While there hasn’t been so much activity in the overall cryptocurrency market in the past few days, the same cannot be said of PancakeSwap whose CAKE token continues to lose value. PancakeSwap (CAKE) price
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While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by
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