The foundation behind layer 2 blockchain Optimism has sold 116 million OP tokens ($157 million) to seven separate purchasers, according to an announcement on the Optimism governance website.
Paxos paid $520,000 for a $2,000 bitcoin transaction earlier this week.
The native token of Synapse, a decentralized finance (DeFi) protocol designed to transfer data to cross-chain bridges, has bounced by more than 17% from a low of $0.30 after a liquidity provider sold its SYN tokens on Monday.
The cryptocurrency gambling and sports betting website stake has been targeted by a private key exploit, with on-chain analyst Cyvers reporting that $16 million has been withdrawn on the Ethereum network.
Its creators hope to emulate the apparent success of Velodrome, one of Optimism network’s most used platforms which holds over $288 million in locked value.
The price of the tokens has more than doubled on some exchanges in the past week in an otherwise little-changed market.
Network activity has started to chug along since an earlier glitch was solved last weekend.
The supposed future of finance is going backward. The amount of money stashed in decentralized finance, or DeFi, protocols has dwindled to the lowest level since February 2021, according to data compiled by DefiLlama. Specifically, total value locked, or TVL, has slumped to $37.5 billion, slipping below the previous post–bull market nadir of $38 billion … Read more
One of Ethereum’s top decentralized crypto trading projects, Balancer, is urging some of its customers to withdraw their tokens after the discovery of a critical vulnerability that could place tens of millions of dollars in crypto at risk. They’re listening in a big way: “People are withdrawing fast,” said Xeonus, a pseudonymous contributor. The protocol’s … Read more
An unknown single trader, or a trading entity, lost $55 million on an ether trade against binance usd (BUSD) on crypto exchange Binance as crypto markets plunged suddenly late on Thursday, data shows. The position was made up of 38,986.528 ether (ETH) and liquidated at the $1,434 price level. That was nearly 30% of all … Read more