🦎🚀 Spiralling downwards 📉

Tuesday, August 1, 2023

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DeFi Contagion

Curve Founder's $168 million stash at risk of being liquidated as exploit at DeFi giant Curve Finance has driven down the price of its CRV token, putting pressure on the whole DeFi ecosystem.

The interconnected nature of DeFi means that such an event could also impact other lending protocols and the overall DeFi ecosystem, making CRV a systemically important asset. It is used as a trading pair and collateral across various DeFi platforms like Sushi, Uniswap, and Aave.

In today's news, we have the developer of the BALD meme coin pulling liquidity, SEC charging HEX's founder, Yuga Labs acquiring Roar Studios and Etihad introducing NFT staking loyalty program.

Read on!

Telegram Bot Mania

Telegram bot tokens surged with massive gains in July 2023, led by WagieBot and Unibot. How did other Telegram bot tokens fare?

Read more to find out!

24h Hot Searches Worldwide

Curve DAO (-8.0%)
Worldcoin (+1.8%)
Optimism (-6.2%)
Unibot (+1.8%)
ALEX Lab (+101.6%)
Aave (-9.2%)
Ethereum (-0.3%)

Stake NYM tokens and contribute to privacy in the age of AI

Join the Nym mission of privacy in the age of AI! Who controls data is more impactful than ever. Nym is a powerful privacy mixnet providing layer 0 privacy for any app, wallet or chain. The NYM token incentivises mix node operators. Simply download the Nym wallet to stake NYM tokens, earn a share of rewards and contribute to global privacy!

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Another hyped Layer 1, Sei Network, seems to be close to launching. Find out how it differentiates itself from others in this video!

Let's find out here!

Not For The Faint Of Heart

The BALD meme coin on Coinbase's layer-2 network has plummeted to zero value as the developer behind it pulled liquidity.

Just yesterday, traders rushed to buy new tokens running on the network using LeetSwap, which also suffered an exploit earlier today.

The Block

More Shots Fired

The U.S. Securities and Exchange Commission (SEC) has filed charges against Richard Heart, the founder of HEX, for conducting an unregistered securities offering valued at $1 billion.

The charges also involve three unincorporated entities: PulseChain, PulseX, and Hex.

Decrypt

New Acquisition & Web3 Airline Loyalty Program

Yuga Labs, the company behind the well-known NFT project "Bored Ape Yacht Club," has revealed its acquisition of Roar Studios to bring in talent for the development of its Otherside metaverse.

In contrast, Etihad, the Abu Dhabi-based airline, has introduced the "Horizon Club," a loyalty program that involves NFT staking. This program offers benefits like priority check-in, lounge access in Abu Dhabi, and the opportunity to stake the NFT to earn flight miles.

Cointelegraph

In this article by Footprint Analytics, we look at some metrics players can consider when selecting a Play-to-Earn game, such as market size, token performance, and community sentiment.

Read on here.