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Euler Finance was exploited in a flash loan attack that drained hundreds of millions of decentralized stablecoins and synthetic ERC-20 tokens.
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Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the last week.
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Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to native cryptocurrencies such as Bitcoin.
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Debtors jumped on the opportunity to grab a discount on their loan repayments when USDC and DAI de-pegged from the dollar.
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Polygon ecosystem users will be able to create .polygon Web3 domains through a new partnership with Unstoppable Domains.
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Salesforce, one of world’s largest customer relationship management software firms, has partnered Polygon Labs to help its clients develop non-fungible token (NFT) based loyalty programs on the Polygon blockchain
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Binance assured users that the change would not impact them in any way and that their funds would continue to be held in publicly verifiable addresses.
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Rising interest rates, which brought down the U.S. banking system’s asset market value by $2 trillion, combined with a large share of uninsured deposits at some U.S. banks, threaten banks’ stability.
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The supposed screenshots show a noncustodial crypto and NFT-friendly Microsoft Web3 wallet embedded into Edge.
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Assets tokenization has been held back by lack of infrastructure and regulatory standards worldwide.
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Observation from LTC Halving
The anticipated HALVING date for LTC is August 5, 2023.
LTC peaked 7 weeks prior, according to historical data from the two previous occurrences.
Will the past be repeated this time?
This time, June 12–18 falls 7 weeks before the expected LTC HALVING date. The dates of the last bullish wave might be June 5–11.
Source: Coin Lab
The anticipated HALVING date for LTC is August 5, 2023.
LTC peaked 7 weeks prior, according to historical data from the two previous occurrences.
Will the past be repeated this time?
This time, June 12–18 falls 7 weeks before the expected LTC HALVING date. The dates of the last bullish wave might be June 5–11.
Source: Coin Lab
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