4th Consecutive Week Nets $66 Million
The digital assets markets experienced a consecutive fourth week of inflows from institutional investors. CoinShares data shows that a portion of the momentum
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Nets
Bug discovered in GMX debt tracking system nets Collider $1m prize
GMX, a decentralized futures exchange, awarded the Collider team $1 million for finding a bug in its debt tracking system. Last year, GMX had a bug that caused GMX V1 liquidity providers to receive incorrect fair value quotes for tokens, causing the price of GLP, the exchange’s liquidity provider token, to deviate from
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Synthetix nets $20M from Web3 quant trading firm
Tokenized asset issuance platform Synthetix has secured a $20 million investment through a new partnership with Web3 investment and quantitative trading firm DWF Labs.The market making and algorithmic trading company acquired $15 million worth of Synthetix’ native token SNX paid for with USD Coin (USDC) in March 2023. DWF Labs
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Bitcoin NFT auction nets $16.5M in 24 hours: Nifty Newsletter, March 1–7
In this week’s newsletter, read about how Yuga Labs’ first Bitcoin-based nonfungible tokens (NFTs) earned $16.5 million in 24 hours, and how the Bitcoin NFT market can reach $4.5 billion by 2025. Check out how Binance’s artificial intelligence NFT generator got 10,000 mints 2.5 hours after its launch, and find
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Yuga Labs Nets $16.5M Under 24 Hours of TwelveFold NFT Auction
Yuga Labs has confirmed that the top 288 bidders will receive their inscriptions within the week. Yuga Labs has just concluded the auction of its first-ever Bitcoin-based non-fungible token (NFT) collection – TwelveFold. The auction, which lasted for 24 hours, saw 288 successful bidders claiming as many pieces from the collection.
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Yuga Labs’ first Bitcoin NFT auction nets $16.5M in 24 hours
The auction for Yuga Labs’ inaugural Bitcoin Ordinal nonfungible token (NFT) collection has ended, netting the firm $16.5 million in just 24 hours. A total of 288 bidders won one of the Bitcoin NFTs from the “TwelveFold” collection. Yuga said the winners will receive their inscription within one week, while the
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Yuga Labs’ Sewer Pass NFT Collection Nets Over $6M in Sales in Just Hours
Yuga Labs co-founder Wylie Aronow, aka Gordon Goner, has been outspoken about protecting creator royalties, noting in November that the company was looking into using allowlists coded into smart contracts to determine which wallet addresses could transfer NFTs. He noted that externally owned accounts, or EOAs, are a type of
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DeFi auditor nets $40,000 for identifying Uniswap vulnerability
Uniswap’s recently launched bug bounty program has led to the discovery of a now-fixed vulnerability of the protocol’s Universal Router smart contract.The automated market maker released two new smart contracts to its platform in November 2022. Permit2 allows token approvals to be shared and managed across different applications, while Universal
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Matter Labs Nets $200M to Build zkSync Ethereum Scaling Platform
Other companies in addition to Matter Labs, like the research-oriented Scroll platform and the Ethereum juggernaut Polygon, are progressing on their own ZK-rollup platforms. Together, these firms represent the first cohort of a new class of so-called zkEVMS – ZK rollups which, unlike past applications of the technology (including an
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DeFi Trader Nets Over $500K by Using DEX GMX to Manipulate Avalanche Token
However, the loophole is that GMX offers trading to users at zero slippage, or the difference between the expected price of a trade and the price at which the trade is executed. But all pricing data on GMX is derived from centralized exchanges, such as Binance or FTX, meaning a
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