Everything web3, crypto, defi, degen
Nemo Protocol, a DeFi platform built on the Sui blockchain, was hacked for $2.4 million late on Sunday, according to blockchain security firm PeckShield.The attack preceded scheduled maintenance on the platform planned for Monday and Tuesday.In a tweet, Nemo protocol stated that a “security incident” had affected its market pool. “We are investigating the matter…
In brief Ethereum transformed the blockchain industry by enabling smart contracts, DAOs, NFTs, and decentralized apps. From its 2015 launch to The Merge in 2022, Ethereum has driven innovation and faced growing pains. Ethereum powers DeFi and NFTs, but still battles high fees, scalability limits, and fierce competition. Ethereum, the second-biggest cryptocurrency after Bitcoin, is…
In brief The queue to become an Ethereum (ETH) validator, which allows you to stake the cryptocurrency, has reached the highest level since September 2023. Analysts think this may be partly due to the surge of investment in ETH treasury firms, which often engage in staking. Lower network fees on the blockchain were also highlighted…
In brief Polygon’s Aishwary Gupta says no Indian government department wants ownership of stablecoin regulation, creating bureaucratic deadlock across agencies. Gupta estimates India could save $68 billion annually through stablecoin integration, but regulatory uncertainty prevents banks from acting. 80-85% of India’s top crypto talent has relocated internationally, Gupta said, while Asian neighbors advance clear stablecoin…
In brief Z.ai’s GLM-4.5 and Air models leapfrog Western AIs, hitting No. 3 globally in industry tests. The startup, blacklisted by Washington, raised $1.5B as Chinese state funds pile in. New models are open-source, super-efficient, and cost a fifth of Western rivals to use. Beijing-based Z.ai, recently added to the U.S. Entity List and backed…
Ethereum Cancun-Deneb (Dencun) is the next planned upgrade to the Ethereum blockchain. The upgrade will improve the scalability, security, and usability of the Ethereum network. Cancun represents an additional upgrade to Ethereum’s execution layer following the recent activation of Shanghai. This first step went live at epoch 194048, on April 12. Deneb represents the upgrade…
The Shanghai upgrade is a set of changes to the Ethereum protocol that will allow users to unstake, or withdraw, their staked ether (ETH). Before the Shanghai upgrade, any ETH dedicated to staking remained locked within the Ethereum blockchain. The Shanghai upgrade will include a change to the Ethereum protocol that allows this staked ETH…
February 9, 2023 | News Today, two Kraken subsidiaries announced a settlement with the U.S. Securities and Exchange Commission (SEC) concerning Kraken’s on-chain staking program. Because of this settlement, Kraken has agreed to end its on-chain staking services for U.S. clients. Starting today, Kraken will automatically unstake all U.S. client assets enrolled in the on-chain…
Over seven years ago, on August 8, 2015, Kraken was the first exchange to make Ethereum (ETH) available to millions of clients. Today, we’re thrilled to announce that Kraken will support the Ethereum Merge that is estimated to take place between September 10-20, 2022. The Merge marks the end of Ethereum’s proof-of-work (PoW) mechanism and…
