Balancer suffers breach despite prior warnings; TVL falls $164M

Decentralized exchange Balancer confirmed that its V2 pools were exploited for an undisclosed sum despite its previous warning about vulnerabilities. In an Aug. 27 post on its official X account, the Ethereum-based... Read more »

Pepe founder blames ‘nefarious ex-team members’ for unexpected $16M withdrawal

On Aug. 24, 16 trillion Pepe tokens (PEPE), worth around $15.7 million at the time, were unexpectedly withdrawn from the project’s multi-signature centralized exchange wallet. An anonymous founder of the meme coin... Read more »

Fed Chair Jerome Powell discusses target interest and inflation rates at Jackson Hole summit

The robust growth of the U.S. economy may necessitate additional interest rate increases to mitigate inflationary pressures, according to Federal Reserve Chair Jerome Powell. Speaking at the Jackson Hole Economic Symposium, an... Read more »

ARK Invest, 21Shares join queue to offer Ethereum futures ETF

Investment firms ARK Invest and 21Shares have teamed up to apply for two Ethereum futures exchange-traded funds after reports emerged last week that the United States securities regulator could soon begin approving... Read more »

Binance shutters crypto card services in Latin America, Middle East

Binance Card, a crypto debit card powered by the exchange, will no longer be available in Latin America and the Middle East from Sept. 21, according to an Aug. 24 statement. The... Read more »

NVIDIA reports record $13B revenue in Q2 2023 as AI tech industry booms

NVIDIA reported record revenue in its latest earnings report on Aug. 23. The chip giant revealed that it brought in a record-breaking $13.51 billion in revenue in Q2 2023, up 101% from... Read more »

Friend.tech driving Base transaction spike, Coinbase CEO reveals

Brian Armstrong, Coinbase CEO, highlighted how Friend.tech, a decentralized social application, is helping to fuel the growth and adoption of his exchange-backed Ethereum (ETH) layer-2 network, Base. In an Aug. 23 post... Read more »

Balancer announces $27M may be at risk due to vulnerability in DeFi pools

The DeFi platform Balancer (BAL) disclosed a vulnerability affecting several of its pools in a statement published on Aug. 22. In that post, Balancer Labs said that the vulnerability in question had... Read more »

FTX bankruptcy hearing set for Thursday outlines key agenda

FTX Trading Ltd has filed an agenda for the next bankruptcy hearing on Aug. 23 before Judge John T. Dorsey of the U.S. Bankruptcy Court for the District of Delaware. Thursday, Aug.... Read more »

Friend.tech founders have controversial ties to failed NFT project Kosetto

Information on social media platform X(formerly Twitter) suggests that Friend.tech founders 0xRacerAlt and Shrimppepe have connections to a failed NFT project, Kosetto. Kosetto NFTs Kosetto is a tradeable NFT wearables project launched... Read more »
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