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2023-04-07 00:21:41 Trader Joe Rises to Top Five DEX by Trading Volume with V2 Platform Launch on Arbitrum


Trader Joe, a decentralized exchange (DEX), has surged to become one of the top five DEX platforms by trading volume after the successful launch of its V2 platform on Arbitrum on February 1, 2023. The project’s liquidity incentive program, which offered 300,000 JOE tokens as rewards worth approximately $171,000 for ARB, ETH, and USDC trading, has contributed to the increased liquidity and trading activity on the platform. Notably, in the first week after the launch, Trader Joe accounted for 15.7% of the total ARB trading volume.

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2023-04-04 12:26:27 Hacker returns $31 million stolen from Euler Finance after negotiations

Euler Finance recovered $31 million stolen during the flash loan attack on March 13. The hack led to a loss of $197 million worth of crypto assets.

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2023-03-28 14:33:37 THORChain Halts Trading Due to Potential Network Vulnerability

On March 28th, THORChain, a decentralized cross-chain liquidity protocol, announced that it had paused all trading due to reports of a potential vulnerability affecting the network. The protocol halted its operations as a precautionary measure while the claims were verified by Nine Realms, THORSec, and other security teams.

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2023-03-27 14:53:55 Chinese Banks Welcome Crypto Firms Amidst U.S. Crackdown

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2023-03-27 12:26:29 Kokomo Finance Accused of Conducting Exit Scam, Resulting in Theft of $4 Million in User Funds

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2023-03-27 10:49:32 Arbitrum’s Total Value Locked Soars After ARB Token Airdrop

Decentralized protocols on Ethereum’s popular layer-2 scaling solution, Arbitrum, have seen a surge in the value locked (TVL) in the past week after the release of the much-anticipated ARB token through an airdrop to early adopters.

Data from DeFi Llama reveals that the total value locked in Arbitrum has increased by more than 22% in the past seven days alone. Arbitrum is the fourth-largest network in terms of TVL, with $2.18 billion locked, following behind Ethereum, Tron, and the BNB Chain, and accounting for roughly 4.43% of the total value locked across all blockchains.

Taking a closer look, the decentralized exchange with the highest TVL on Arbitrum is GMX, with $502 million, followed by Uniswap’s V3, with $292 million. Interestingly, Uniswap’s trading volume on the platform has risen by around 60% in the past week.


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2023-03-27 09:38:30 Deposits in US Banks Drop as Bitcoin Gains 35% Over the Last Two Weeks

US banks have witnessed a significant deposit decrease, with many customers moving their funds from regional banks to larger banks. Meanwhile, Bitcoin has seen an increase of 35% over the past two weeks, with US investors playing a crucial role in the digital currency’s rally.

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2023-03-12 00:44:28 Circle Assures Customers It Will Cover Any Shortfall Caused by Silicon Valley Bank Collapse

USDC issuer, Circle, has issued a statement updating investors on its cash reserves, which are currently stuck with Silicon Valley Bank (SVB). This follows the recent collapse of SVB, which has left the fate of USDC’s funds in question.

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2023-03-12 00:05:32 Aave Freezes Stablecoin Trading and Sets LTV to Zero Amidst Price Volatility

In response to the recent price volatility on stablecoins, Aave has announced the freezing of stablecoins trading and set the Loan-to-Value (LTV) ratio to zero. This move follows an analysis from DeFi’s risk manager company Gauntlet, which recommended that all V2 and V3 markets be temporarily paused. The trading freeze is expected to help prevent insolvencies, which are projected to reach around 550k at current prices.

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2023-03-11 23:25:25 Silicon Valley Bank Collapse: Relief Efforts Underway for Depositors as Multiple Sources Confirm Deposit Guarantees and Long-Term Recovery

Relief efforts are underway less than 72 hours after the collapse of prominent American tech bank Silicon Valley Bank (SVB), according to a post on Mar. 11 by Bob Elliot, a chief investment officer of Unlimited Funds.

The collapse has affected prominent blockchain ventures capital firms such as a16z, Pantera Capital, and Paradigm, which had an estimated $5 billion in funds custodied by SVB. Circle, the issuer of the USD Coin (USDC) stablecoin, also had over $3.3 billion in reserves stuck in the troubled bank out of over $40 billion.

News Sentiment: Positive

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