🦎🚀 Un-stablecoin season? 😨

Thursday, October 12, 2023

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Time to amp up your security!

Hardware wallet provider Trezor has introduced a series of new products designed to aid cryptocurrency enthusiasts in self-custodying their digital assets.

The product range includes the Trezor Safe 3 hardware wallet, the Trezor Keep Metal recovery seed backup, and a limited-edition Trezor Safe 3 wallet focused exclusively on Bitcoin.

In today's news, the stars realign for Stars Arena, Galxe refunds its users, and Real USD depegs!

Read on!

Top Crypto Companies' Funding Rounds

Now-bankrupt FTX still holds the record for raising the biggest crypto funding round from VCs, at a $900M Series B in 2021.

The 50 biggest crypto funding rounds saw upwards of $170M raised, mostly in Series B or C rounds.

Read more here

24h Hot Searches Worldwide 🔥

Real USD (-42.3%)
Verasity (-2.3%)
NEAR (-1.1%)
Arbitrum (-0.6%)
GameAI (-67.6%)
Rollbit Coin (-3.8%)
Wall Street Memes (-18.9%)

Navigating bitcoin's market cycles can be tricky. Learn about how the bull market support band indicator can help you trade better!

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The Stars Realign

Stars Arena has reported that it recovered 90% of the funds lost in the recent security breach on the platform.

They reached an agreement with the individual responsible for the breach and paid them a 10% bounty fee along with 1,000 AVAX, which is equivalent to $9,333.

CoinDesk

Doing the Right Thing

In response to the significant DNS attack that occurred last week, the Web3 credentials and rewards platform Galxe has decided to reassure its affected users by issuing refunds totaling just over $396,000 to more than 980 users, along with an additional 10% of the lost funds.

Users who suffered losses will receive compensation in USDT on the Polygon network, valued as of October 9 at 3 a.m. PT.

As a goodwill gesture, Galxe has pledged to supplement the initial loss amount with an extra 10% from the project treasury.

The Block

Unreal USD

The value of Real USD (USDR), a stablecoin based on Polygon and backed by real estate holdings, experienced a rapid decline, dropping to nearly $0.51 within a few hours.

The drop occurred after the USDR treasury was depleted of DAI, leaving the treasury with no DAI but retaining approximately $6.2 million in an insurance fund for a circulating supply of 45 million USDR, which should be worth $45 million when properly pegged, according to on-chain data from Tangible DAO, the entity behind USDR.

Decrypt

What is the Holesky testnet that is replacing Goerli, and how does it enable a better testing environment?

Learn about the Holesky testnet and find out how you can claim Holesky ETH for testing purposes in today's article.