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Justin Sun-Backed Crypto Exchange HTX Saw $258M Net Outflow After Hack
Monday, December 11, 2023 - 3:43am | 480HTX exchange, associated with industry stalwart Justin Sun, has witnessed a $258 million net outflow following its return to operations after a significant hack. What Happened: As per a Bloomberg report on Sunday, the HTX exchange has seen a departure of funds between November 25 and December 10,...
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Layer 2 Blockchain Optimism Airdrops $27M In OP Tokens: What Members Need To Know
Tuesday, September 19, 2023 - 1:24pm | 268Optimism (CRYPTO: OP) has announced its latest community airdrop. The Layer 2 blockchain is distributing more than 19.4 million OP tokens, equivalent to $27 million, to its users. This airdrop reached over 31,000 distinct addresses, with the criteria for eligibility being the delegation of OP...
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Friend.tech's Popularity Skyrockets As Platform Rakes In Millions In Fees
Monday, August 21, 2023 - 6:28pm | 588A repository on GitHub set up by Yearn Finance's developer @Bantg reportedly revealed crypto wallet addresses linked to Friend.tech users. Friend.tech, a social platform within the Base network, allows users to purchase or sell "shares" of their connections from X,...
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PancakeSwap Launches On Arbitrum To Take DeFi To The Next Level
Thursday, August 10, 2023 - 1:09pm | 407PancakeSwap (CRYPTO: CAKE), a decentralized exchange (DEX), initiated operations on the Ethereum (CRYPTO: ETH) scaling platform Arbitrum (CRYPTO: ARB) as part of its strategy to grow its clientele and revenue. PancakeSwap, which operates without intermediaries using smart contracts, is...
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GMX Token Price Skyrockets 89% In 2023 — Here's Why
Tuesday, March 21, 2023 - 10:48am | 305The native token of the GMX (CRYPTO: GMX) exchange is currently trading at $83.12 and has increased by about 89% since the start of the year, according to CoinGecko. The decentralized derivatives exchange is receiving support from its community for the deployment of its protocol on Base,...
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Crypto Drama Unfolds: Employee Forks Company After Hostile Takeover Attempt
Monday, March 20, 2023 - 9:39am | 401DefiLlama, a decentralized finance analytics dashboard, was forked by one of its employees following a dispute over the weekend. The disagreement arose from the company's intention to launch a token. On March 19, a pseudonymous developer at DefiLlama known as "0xngmi" revealed that...