DeFi

A significant domain registry attack compromised the DNS of multiple DeFi applications, including Compound and Celer Network, potentially affecting over 120 protocols using Squarespace domains. DeFi Apps Under Attack On July 11, multiple decentralized finance (DeFi) applications became the victims of a significant domain registry attack. Blockchain security firm Blockaid identified a widespread domain hijacking incident that affected Compound Finance, Celer Network, and potentially 120 other DeFi protocols. The attack followed one on Compound Finance's DNS registry, where its front-end…

Uniswap Labs has asked the SEC to reconsider its proposed rule changes to the Securities Exchange Act of 1934. Uniswap Labs argues that the proposed amendments conflict with a recent Supreme Court ruling. Uniswap Labs has formally requested the U.S. Securities and Exchange Commission (SEC) to reconsider its proposed amendments to the Securities Exchange Act of 1934. These changes aim to expand the definition of an “exchange,” which Uniswap contends overreaches the SEC’s authority over decentralized finance (DeFi) platforms. Uniswap…

The post Here’s How White Hat Hacker Saved $450 Million in DeFi Hack appeared first on Coinpedia Fintech News This is notoriously so in DeFi where a hack is disastrous to projects or investors involved in the token so the traditional policing does not adequately suffice, and the developers equally do not have the expertise on the high-risk negotiations.  Enter Ogle, a pseudonymous white hat hacker, who has become a beacon of hope by recovering over $450 million from 40…

The post Bitcoin (BTC) Hints at Short-Term Bounce, Ethereum DeFi On Brink of Major Surge appeared first on Coinpedia Fintech News The live crypto market thrives on duality, and at press time, Bitcoin (BTC) is hinting at a potential short-term bounce after a terrible start to Q3. Technical indicators suggest a period of consolidation might be nearing its end, with a possibility of a price increase in the short term. However, the spotlight is shifting towards a different corner of…

According to recent projections from experts and crypto informants, the Decentralized Finance (DeFi) market is on a remarkable growth trajectory, reflecting its expanding influence and adoption across the globe. The DeFi market was valued at $22 billion in 2022 and $23.99 billion in 2023. However, recent updates point to the possibility of the market soaring to an impressive $48.02 billion by 2031, boasting a compound annual growth rate (CAGR) of 9.06% over the forecast period from 2024 to 2031. In…

Web 3 security and risk analytics platform Hexagate announces the launch of ‘The Gate Security Oracle’, a ‘DeFi Firewall’ built on leading EigenLayer AVS, eOracle stack.  Hexagate, a Web 3 security protocol that provides a secure platform for builders in DeFi, has unveiled its premier security oracle – The Gate Security Oracle, in a press release this Tuesday. The security oracle aims to provide a firewall for DeFi projects, securing them from external data risks and threats before they happen. …

Aptos proposes Aave V3 deployment on its mainnet, moving beyond EVM networks. ChainLink integration aims to enhance Aave V3’s data accuracy and cross-chain capabilities. In the midst of the busy crypto industry, the Aptos Foundation presented an ambitious proposal to use Aave V3 on the Layer 1 blockchain, Aptos’s mainnet. Currently in the “temperature check” phase, this project is a necessary initial stage in which Aave’s governance community’s comments are gathered before proceeding. Using Aptos’ special features, this proposal is…

The post DeFi Token Makes History With Green Candles In Red Market, Why Is It Performing Better Than MATIC & Litecoin? appeared first on Coinpedia Fintech News After many tries, the crypto market has failed to change the trend upwards. Bitcoin broke the support level and is trading at $58,917 at the time of writing. Polygon (MATIC) broke the ascending trendline, acting as a major support, and Litecoin (LTC) is trading at the major support of $70. Amid this further…

The post Injex Finance Mainnet Goes LIVE: Revolutionizing DeFi Trading on Injective Network appeared first on Coinpedia Fintech News As decentralized finance (DeFi) continues to evolve, liquidity aggregators have become crucial for traders looking for optimal prices and conditions for asset exchanges. The Injective Ecosystem is not looking to stay behind in the DeFi movement. This dynamic innovation hub features over 260 products, with average daily volumes within the network exceeding a remarkable $20 million. Injex Finance leads this wave…