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DeFi Embraces Real-World Assets: A $3.74 Billion Market Revolution

The decentralized finance (DeFi) sector is taking significant strides by integrating Real-World Assets (RWAs), with a remarkable $3.74 billion in Total Value Locked (TVL). This evolution is rapidly gaining momentum, with 73 RWA protocols collectively holding a market cap of $4.59 billion and serving 248,438 unique token holders. The growing synergy between DeFi and traditional […]

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Velocore Suffers $6.8 Million Loss In Major Attack

Velocore, a decentralized finance (DeFi) platform, recently experienced a significant security breach resulting in the loss of over $6.8 million. The attacker exploited a vulnerability within the LP Pool contract, ultimately transferring the stolen funds to Ethereum and then laundering them through Tornado.Cash. The attacker, identified by the address 0x8CDc37eD79C5EF116b9Dc2A53Cb86ACaca3716bF, used a sophisticated method to […]

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DeFi Tokens Surge Following Uniswap Fee Proposal

Over the weekend, the cryptocurrency market witnessed significant gains in prices across DeFi-focused tokens like Uniswap (UNI), Curve DAO Token (CRV), and Aave (AAVE). This surge in value came in response to a notable fee structure proposal announced by the Uniswap Foundation, sparking excitement among investors and traders. In a noteworthy on-chain transaction that captured […]

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Arbitrum: Driving Growth In DeFi’s Total Value Locked (TVL)

In the realm of decentralized finance (DeFi), Total Value Locked (TVL) serves as a pivotal metric, encapsulating the value of assets secured within DeFi protocols and smart contracts. It’s a yardstick widely used to measure the popularity and adoption of various DeFi platforms. Arbitrum, an Ethereum Layer 2 scaling solution, has emerged as a key […]

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Concentric.fi On Arbitrum Falls Victim To $1.7M Social Engineering Attack

Concentric Fi, operating on the Arbitrum network, has incurred substantial losses exceeding $1.7 million due to a targeted social engineering attack.  The breach exploited a vulnerability in the protocol, stemming from unauthorized access gained through a sophisticated attack on one of the team members overseeing the deployer wallet. The compromise of the deployer wallet resulted […]

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DWF Labs and Kava Chain Produce Vital Partnership to Lift DeFi Ecosystem

DWF Labs, a central part in cryptocurrency trading and a global asset market producer, has formally gone into an essential partnership with Kava Chain, a secure layer-1 blockchain. Notably, this coalition is ready to altogether improve Kava’s decentralized finance (DeFi) ecosystem. Also, especially its decentralized exchanges (DEXs), by utilizing the extensive capacities and ability of […]