Tag: loss

Loopscale Suffers $5.8 Million Loss in Solana DeFi Exploit

Loopscale Suffers $5.8 Million Loss in Solana DeFi Exploit

Loopscale, a Solana-based lending protocol had a recent security exploit. This unfortunate event resulted in a loss of $5.8 million, representing 12% of its total value locked (TVL). The platform, formerly known as Bridgesplit, officially went live on April 10. Unfortunately, it then became the target of a very sophisticated...

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Solana's DeFi Dominance Reaches $9 Billion Amidst Market Fluctuations in 2025

Solana's DeFi Dominance Reaches $9 Billion Amidst Market Fluctuations in 2025

Back in 2025, Solana had a total value locked (TVL) of $9 billion. This increase is a testament to Solana’s strong position in the decentralized finance (DeFi) space. The blockchain network fostered 4 million daily active wallets, propelled by its super-scale throughput and almost-zero transaction fees. These features made it...

Crypto Market Update Ethereum Holds Strong, SUI Surges, and BlockDAG Presale Hits $340 Million

Crypto Market Update Ethereum Holds Strong, SUI Surges, and BlockDAG Presale Hits $340 Million

Ethereum continues to stay strong above $2,970, showcasing solidity in the crypto space. Second, SUI has exploded spectacularly as a recent hot trend. Meanwhile, BlockDAG is stealing the show with its highly successful presale and innovative community-building tactics.SUI is one of the hot new names, surging by almost 20% since...

Binance Lists Chainbase Velvet Futures Amidst Market Speculation

Binance Lists Chainbase Velvet Futures Amidst Market Speculation

Additionally, Binance, the world’s largest crypto exchange by trading volume, has launched futures trading pairs for Chainbase Velvet (CBV). The launch, which quietly rolled out on Monday, has already made waves through the market. The Chainbase Velvet, the most volatile and speculative of these, demonstrated a very bullish price action...

DeFi Leaders Warn CLARITY Act Could Cripple Innovation, Drive Developers Overseas

DeFi Leaders Warn CLARITY Act Could Cripple Innovation, Drive Developers Overseas

The crypto industry today is at an equally important juncture. The House is preparing to vote on the CLARITY Act, a bipartisan bill that would establish a clear regulatory framework for digital assets. While initially garnering support from prominent industry players, the CLARITY Act is now under intense scrutiny from...

GameSquare Bets Big on Ethereum with $100M DeFi Treasury

GameSquare Bets Big on Ethereum with $100M DeFi Treasury

They have played a very smart hand with $100 million for phased investments in Ethereum and DeFi assets. This allocation is supplemented with capital from an $8 million underwritten public offering. This acquisition would further solidify GameSquare as one of the leading players within the world of institutional cryptocurrency adoption....

DeFi Technologies Reports Strong Q1 2025 Performance Driven by Strategic Growth Initiatives

DeFi Technologies Reports Strong Q1 2025 Performance Driven by Strategic Growth Initiatives

DeFi Technologies, a Nasdaq-listed company that’s heavily involved in the crypto space, has reported record financial results for the first quarter of 2025. The company reported a record net income of C$43 million. This is a huge reversal from the C$19.3 million deficit it experienced in the comparable period last...

Trump's Crypto Push Faces House Vote Amid Regulatory Clash

Trump's Crypto Push Faces House Vote Amid Regulatory Clash

A bill central to the future of digital asset regulation in the United States is awaiting a vote in the House, part of a broader legislative push to reshape the financial landscape. French Hill, GENIUS is aimed at small and medium-sized enterprises (SMEs) and fintech startups. Beyond these examples, the...

Altcoins Outshine Bitcoin as DeFi and Layer-2 Solutions Gain Traction

Altcoins Outshine Bitcoin as DeFi and Layer-2 Solutions Gain Traction

As Bitcoin's dominance recedes, altcoins, particularly those associated with decentralized finance (DeFi) and Layer-2 scaling solutions, are capturing increasing investor attention. This move is often fueled by the excitement of increased potential yields. Platforms such as SEI and Optimism (OP) provide use cases that make Bitcoin’s dearth of yield options...