Institutional DeFi Startup Hashnote Is First to Emerge From Incubator Cumberland Labs
Decentralized asset management platform Hashnote, the first company to be launched by Web3 incubator Cumberland Labs, joins the current trend for grown-up, institutional-grade decentralized finance (DeFi).
Term Labs Raises $2.5M to Build Out Fixed-Rate Product for DeFi
Term Labs has turned heads with its fixed-rate offering, landing $2.5 million to bring the product to market.
Tracking a Novel Scheme to Launder Tether on Tron Blockchain
Around $775,000 of stablecoin USDT was allegedly stolen in a phishing scheme on the Tron network, according to an investigation by risk assessment firm Global Ledger. Global Ledger claims the funds were laundered via the TRX staking mechanism. Staking on Tron involves delegating TRX tokens to one of 27 Super Representatives, the network’s version of a validator node. Global Ledger said the fraudsters used the SunSwap exchange to get USDT for Tron in a certain wallet. They then used TRX for staking to verify their transactions and cover transaction fees, Global Ledger said. (Blockworks)
Crypto Morning Briefing: Coinbase To Halt Trading of Binance’s BUSD for Not Meeting Listing Standards
Binance Moved $1.8B in Stablecoin Collateral to Hedge Funds Last Year; Huawei To Launch Metaverse and Web3 Alliance for East Asia; Tron Founder Justin Sun Becomes Top Holder Of Staked Ethereum Amid Shanghai Upgrade; DeFi Giant MakerDAO Rejects $100M Loan to Cogent Bank
BLUR — Why NFTs are Shitcoins With Pictures
Twitter user Coby had a very controversial take last year when he referred to NFTs as shitcoins with pictures.
France Arrests a Duo Involved in Platypus Attack, Details Inside
According to a Twitter statement from France’s police department, two people have been arrested in connection with an attack on the decentralized finance (DeFi) protocol Platypus.
Liquid Staking TVL Now Second-Largest Among DeFi Protocols
The total value of assets locked (TVL) in liquid staking derivatives (LSD) protocols rose to $14.09 billion — making it the second-largest DeFi category, according to Defillama data.
$700,000 Drained From BNB Chain-Based DeFi Protocol LaunchZone
$700,000 worth of funds has been drained from BNB Chain DeFi protocol LaunchZone, with the project alleging that an attacker has carried out an exploit.
Authorities in France Arrest Duo Involved in Platypus Exploit
Two people alleged of being behind an attack on the decentralized finance (DeFi) protocol Platypus have been arrested, according to a tweet by France's police department.
DeFi Protocol Ammalgam Raised $750K Pre-Seed
Ammalgam unleashes more DeFi by combining lending and trading in one protocol.
