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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Loopscale Lending Protocol on Solana Halted After $5.8 Million Exploit

Loopscale, a decentralized finance (DeFi) lending protocol on Solana, temporarily halted its lending markets after suffering an approximately $5.8 million exploit. The protocol went live on April 10 following a six-month closed beta. It’s now leveraged by lending markets for tokens like JitoSOL and BONK. With about $40 million in...

Ripple's RLUSD Sees Rapid Growth on Aave, Market Cap Nears $300 Million

Ripple is throwing its weight behind a multichain future. A major component of this strategy is putting its real-world asset, RLUSD, on Ethereum. Aave, the popular decentralized lending protocol witnessed a major development on April 21. This allowed RLUSD to go live on its V3 Ethereum Core market. Together with...

Mutuum Finance Presale Gains Traction, Eyes Major Exchange Listings

Mutuum Finance is making quite a stir among the cryptosphere as its presale continues to fly off the shelves. Because of that momentum, the project has already raised over $7 million. It has gained almost 9,000 holders, a sign of impressive investor confidence in its new decentralized finance (DeFi) model....

Nvidia Prioritizes AI, Halts Support for Crypto Startups

Nvidia, a multinational technology company, is shifting its focus from cryptocurrency startups to artificial intelligence (AI), ceasing support for crypto-related ventures within its Inception initiative. This strategic pivot is indicative of the growing investment in AI technologies. We’ve seen governments, venture capitalists, and major tech corporations pouring billions into AI...

Sui and Coldware Surge as DeFi Networks Gain Traction

Onchain liquidity Sui (SUI) & Coldware (COLD) Growth has been explosive as DeFi networks continue to catch fire. Recently, Sui has broken out above several key resistance levels, surging +23.2% within a few short days from $1.40 to $2.93. Coldware is proud to be improving DeFi and getting noticed as...

DeFi Development Corporation Boosts Solana Holdings with $11.5 Million Investment

DeFi Development Corporation, an investment vehicle for DeFi founding father, announced a major Solana investment, purchasing $11.5 million SOL tokens. A recent funding round of $42 million has fired the starting gun on this strategic shift. This investment further underscores the company’s deep conviction about the opportunities within the Solana...

Citrea's Clementine Bridge Aims to Enhance Bitcoin's DeFi Capabilities

Citrea recently launched its Clementine Bridge on the Bitcoin testnet. This shift greatly increases Bitcoin’s usefulness in decentralized finance (DeFi) ecosystems. The bridge includes a trust-minimized mechanism for bridging bitcoin (BTC) into DeFi environments. Bridging Bitcoin to programmable layer 2s has long been hampered by a collateral bottleneck. This development...

DeFi Development Corp's $11.5M Solana Buy Sparks 12% Stock Surge

DeFi Development Corporation, formerly Janover, saw its shares jump 12% after announcing the addition of $11.5 million in Solana (SOL) to its holdings. The firm moved from financing mortgages to crypto. Now, it funds its increases with a Solana treasury worth more than $34 million and plans to stake its...