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Radiant Capital Falls Victim to Flash Loan Attack Radiant Capital, a decentralized finance (defi) platform, has confirmed that it fell victim to a flash loan attack on January 2, 2023. The attack resulted in the protocol incurring bad debt in the WETH market, amounting to approximately 1.3% of the total protocol TVL. This translates to […]

An Introduction to Bitcoin's Comparison with Gold Bitcoin is often compared to gold due to its limited supply, which makes it an attractive long-term store of value. Some even suggest that Bitcoin could be the digital equivalent of gold in the 21st century. However, this comparison may not hold true when considering the factors that

USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In a surprising move that startled the cryptocurrency market, Circle's USDC dollar-pegged stablecoin momentarily depegged from its $1 value, falling as low as $0.76 on the Binance exchange platform. This incident occurred during a market-wide sell-off, which was spurred by skepticism over the potential approval of

Introduction The Securities and Exchange Commission (SEC) has recently held meetings with potential issuers of spot Bitcoin Exchange Traded Funds (ETFs) to discuss their active applications. As a result of these meetings, it has been decided that a cash creation methodology will be adopted by these issuers, instead of the usual "in kind" transfers. This

GAIMIN Chosen as Inaugural Incubatee by CMC Labs GAIMIN, the leading provider of decentralized data processing power through gaimin.cloud, has been announced as one of the inaugural incubatees of the newly launched CMC Labs accelerator program by CoinMarketCap (CMC). CMC is widely regarded as the most trusted source of news, data, and community engagement in

Introduction PropyKeys, a new gamified application, is introducing a home addresses market onchain as part of the Propy ecosystem. This decentralized application (dApp) game is powered by the PRO token and launched on Base, a layer-2 network operating on top of Ethereum and part of the Coinbase ecosystem. Participants can mint their own or someone

Real World Asset (RWA) Tokenization: A Game-Changer for Financial Markets A recent report issued by JPMorgan and Bain and Company executives highlights the immense potential of tokenization technology in the financial market. The report specifically emphasizes the impact of tokenization on alternative investments, such as private equity, private credit, real estate, and hedge funds, and

Introduction The Klaytn Foundation, an organization dedicated to expanding the Klaytn ecosystem, has announced that Creder, a governance council member, will be launching a tokenized gold offering called Gold Pegged Coin (GPC) in January. Additionally, Creder will introduce Goldstation, a decentralized finance platform that allows users to convert physical gold into GPC tokens. The Launch

In a strategic move, Ark Invest has sold over $29 million worth of COIN shares from its ETFs, as part of its portfolio rebalancing strategy. This decision is in line with Ark's target weighting policy and comes after Coinbase's impressive performance in the last quarter of 2023. Ark Invest's Continued Selling of Coinbase Shares Reflects

Proposed Rule Changes for Spot Bitcoin ETFs Eleven spot bitcoin exchange-traded funds (ETFs) are edging closer to approval by the U.S. Securities and Exchange Commission (SEC). Rule changes have been proposed to list and trade all 11 spot bitcoin ETFs on stock exchanges, and these proposals have been filed with the SEC. An ETF analyst