Crypto Daily Digest - August 10th

TI Research

On August 10th, Curve Finance suffered $612,000 stablecoin loss by a DNS domain hack. Crypto Exchange Hotbit suspends trading, deposit, withdrawal and funding functions. Fantom launches community vote to reduce $FTM staking rewards. Aave Companies requests $16.6 million compensation for work on Aave V3. Arbitrum Nova goes live and is open to the public. Ankr launches 2.0 version with $ANKR staking live on August 11th.

DeFi

  • Curve Finance had $570,000 stolen from frontend attack. Source
  • Crypto Exchange Hotbit suspends trading, deposit, withdrawal and funding functions. Source
  • Aave Companies requests $16.6 million compensation for work on Aave V3. Source
  • Fantom launches community vote to reduce $FTM staking rewards. Source
  • Curve Finance: hacker's site is already down. Source
  • Curve exploiters transferred 27.7 $ETH to Tornado Cash, 292 $ETH to crypto exchange FixedFloat, and 20 $ETH to Binance. Source
  • FixedFloat has frozen 112 $ETH of stolen funds from Curve attack. Source
  • Web3 infrastructure platform Ankr launches 2.0 version with $ANKR staking live on August 11th. Source
  • Arbitrum Nova goes live and is open to the public. Source
  • Cross-chain protocol Ren announces version 2.0 and roadmap. Source
  • DEX aggregator ParaSwap launches multichain Limit Orders Protocol. Source
  • PeckShieldAlert: BNB Chain based yield aggregator appeared rug pull. Source
  • Data: Avalanche daily transaction count reaches a new all-time high of 1,514,880 today. Source
  • Phantom team has not found Phantom's systems were compromised during the August 2nd security incident. Source
  • New MicroStrategy CEO backed up to hold Bitcoin on the company's balance sheet. Source
  • Data: Total market contracts liquidated about $73.42 million in 12 hours. Source
  • Elon Musk sold nearly $7 billion in Tesla shares last week. Source
  • Coinbase CEO: Not focused on turning a profit, focused on staking. Source
  • 1inch Network expands to Klaytn. Source
  • $USDC issuer Circle will only support Ethereum PoS chain post-Merge. Source
  • Tether announced support for Ethereum Proof-of-Stake transition. Source
  • Decentralized lending protocol Silo Finance deployed on Ethereum. Source
  • SushiSwap launched on Arbitrum Nova. Source
  • Cross-chain interoperability protocol Axelar partnered with Aurora-based DEX Trisolaris and lending protocol Aurigami. Source
  • PeckShieldAlert: xstable.protocol appeared rug pull. Source
  • Binance will support Ethereum Merge and evaluate potential forked token. Source
  • Crypto.com CEO Kris Marszalek says the crypto industry will come back very strongly. Source

Policy & Regulation

  • California regulator orders Celsius to stop selling securities in the state. Source
  • CoinFLEX files for restructuring in Seychelles court. Source

NFT

  • Magic Eden submits proposal to build NFT marketplace for $APE holders. Source
  • ConsenSys Diligence will auction TUNR NFTs on August 15th. Source

Fundings

  • Unstoppable Finance closed €12.5 million Series A round led by Lightspeed Venture Partners. Source
  • CreatorDAO raised $20M in seed round co-led by a16z and Initialized Capital. Source
  • VisionsDAO raised $2.2M in seed round with Animoca Brands involved. Source
  • Game infrastructure company Lysto raised $12M with Tiger Global involved. Source
  • Meta raises $10 billion in first-ever bond offering. Source
  • Decentralized smart contracts platform Injective raised $40 million in a funding round led by Jump Crypto. Source
  • Payment platform Ansible Labs closed $7 million funding round led by Archetype. Source
  • LongHash Ventures will launch second fund for $100 million. Source

Curve

DeFi

Exchanges

Security Incidents

Fantom

Staking

Aave

Arbitrum

Infrastructure

Ethereum

TI Research

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