DApp Activity Sees Surge Amid Bitcoin’s All-Time High in Q1 2024
Decentralized applications (dApps) saw a rise of 77% in activity in the first quarter of 2024 and a 7 million total daily active user wallet count. This growth comes as …
defi
Restaking Emerges as Ethereum’s Second Largest DeFi Sector: Report
A recent report by Coinbase Research uncovered that restaking has emerged as the second-largest sector in decentralized finance (DeFi) on Ethereum. The study highlights EigenLayer’s restaking protocol as an important …
Bitcoin-Ethereum Ratio Signals Shift In Crypto Sentiment
The recent ratio between Bitcoin (BTC) and Ethereum (ETH) prices suggests a potential decline in risk appetite within the crypto market. The ratio has reached its highest level since April …
CoinGecko Reveals Most Profitable Crypto Narrative Of Q1
In the first quarter of 2024 (Q1), memecoins emerged as the most profitable crypto narrative, delivering massive average returns of 1312.6% across its top tokens, according to a recent study …
Wormhole $617M Airdrop Ignites Valuation Surge To $3B, But W Price Stumbles 23%
Wormhole, a cross-chain communication protocol enabling the transfer of assets between blockchains, recently launched an airdrop campaign for its newly issued governance token, W. Early users were rewarded with 617 …
DeFi Sector Grapples with $187M Losses But Recovery Efforts Net Nearly $99M
Amidst improved investor sentiment, blockchain security firm PeckShield’s report for March 2024 revealed a concerning surge in crypto hacks, with over 30 incidents causing approximately $187.29 million in losses. Despite …
Telegram Implements Toncoin Payment Integration For Ads, TON Price Sees Impact
Telegram, the renowned messaging platform, recently unveiled a new feature that allows users to promote their channels through advertising. With the launch of this feature, users can now purchase ad …
Binance establishes 1st board of directors, yet to select HQ site
Binance has appointed a board of directors for the first time as regulatory crackdown intensifies. The newly formed board will be chaired by Gabriel Abed, previously Barbados’ ambassador to the …
Crypto industry losses to hacking decreased by 23% in Q1
In the first quarter of the year, the crypto industry lost $336.3 million to hacking, 23.1% less than last year. According to the Immunefi report, in the first three months …
Prisma Finance Hacker Claims ‘Whitehat Rescue’ After $11.6 Million Exploit
Prisma Finance’s hacker, who stole $11.6 million from the decentralized finance (DeFi) protocol, claims the exploit was a “whitehat rescue” and is enquiring who to contact to refund the funds, …