Argin Chronicles
Babylon’s staking protocol, designed to support multiple chains, is making waves with its ambitious plans to implement restaking on Bitcoin. While restaking on Ethereum has been explored by teams like @eigenlayer and @symbioticfi, Bitcoin’s lack of smart contracts poses significant challenges. However, the substantial market presence of Bitcoin, which comprises over 50% of the industry’s […]
Indian cryptocurrency exchange WazirX has paused all trading activities following a massive $230 million hack. Based on @zachxbt's feedback, we have increased the White Hat Recovery reward to 10%, i.e., up to $23 Million. We invite white hat hackers, blockchain forensics experts, and cybersecurity professionals from around the world to join this critical mission and […]
LIFI Protocol (@lifiprotocol) recently fell victim to a significant attack, resulting in a loss of approximately $9.7 million. The stolen assets included 6,335,889 USDT, 3,191,914 USDC, and 169,533 DAI. These funds were swiftly converted into 2,857 ETH ($9.7 million) and dispersed across multiple wallets. LIFI(@lifiprotocol) was attacked and lost $9.7M!🚨 Including 6,335,889 $USDT, 3,191,914 $USDC […]
The largest GHO whale has minted approximately 17.5% of all circulating GHO, equating to 15.5 million GHO. This whale’s strategy involves using sDAI as collateral to mint GHO and subsequently depositing the minted GHO into the safety module pool to earn both GHO and AAVE incentives. With the current sDAI DSR at 8% and the […]
Compound Finance, a prominent player in the DeFi space, faced a security breach yesterday when its official website was hacked and replaced with a phishing site. Michael Lewellen, a security consultant for Compound DAO, confirmed the incident and advised users to refrain from interacting with the compromised website. Fortunately, the breach was limited to the […]
I. Addresses 1. Total Unique Addresses by Chain Optimism leads the pack in Q2 2024 with 149.6 million unique addresses. Following behind are Base with 84.7 million and Arbitrum with 33.2 million addresses. 2. Daily New Unique Addresses Created by Chain Base, Optimism, and Arbitrum were the top three chains for the constant creation of […]
In a surprising move, smart trader 0x8d73 has purchased approximately $500K worth of ENS tokens, even as both $BTC and $ENS prices are declining. According to data from icrypto.ai, this trader has acquired 18.39K ENS tokens in the past 16 hours. Shortly after the acquisition, 15.49K ENS tokens, valued at around $414K, were transferred to […]
Lending protocols have experienced a significant boost in active loans, adding approximately $5 billion year to date. Aave, the leading lending protocol by total value locked (TVL), accounts for $4.5 billion of this increase. Unlike the previous all-time high in 2021, new entrants Spark and Morpho have now secured positions in the top three, with […]
The $BAKED token was recently launched on DegenFund, with the developer wallet spending 11.82 $SOL to acquire 300.72 million $BAKED during the minting process. Additionally, 206.9 million $BAKED was added to liquidity. Within a second, 492.37 million $BAKED was snapped up by 19 wallets. Interestingly, the team and insiders hold a substantial portion of the […]
Layer 2 solutions continue to experience robust growth, playing a crucial role in driving mass adoption. On-chain metrics reveal increasing user traction, underscoring the potential of L2 networks. The number of transactions on leading Layer 2 networks—Arbitrum, Base, and Optimism—has quadrupled this year. This growth saw a significant boost in Q2, following the implementation of […]