The Global cryptocurrency market is still trading under pressure. However, the crypto whales seem to be trading into DeFi in order to keep up with returns on their investments. According to the data, the largest wallets have added a good amount of Wrapped Bitcoin (WBTC) and Wrapped Ethereum (wETH) amid the price dip. “Saruman” adds

Lido, one of the largest Ethereum-based DeFi protocols, opened a community debate on whether to support Terra after its hard fork. A community proposal endorsed by the main Lido team presents four scenarios for users with regards to supporting Terra, and intends to eventually open community voting on the matter. The move comes amid growing

Tron (TRX) token has come out as the top gainer among major cryptocurrencies in May. The blockchain appears to be among the few that stood their ground amid the massive market crash last week. The TRX token has managed to surge by 20% in the last 30 days, while Bitcoin (BTC) is still down by

The native token of DeFi giant Curve (CRV) slumped 20% on Thursday after the platform proposed removing support for UST. CRV plummeted to as low as $0.9- its lowest level in 16 months. It is now trading at $1.10, having recovered mildly. The token’s losses were triggered just after Curve proposed removing incentives for maintaining

Popular investment app, Robinhood is working on releasing a web3 wallet to wipe out network fees. The web3 wallet aims to improvise NFT’s capabilities similar to its crypto wallet. Users can join the waitlist for early access to the significant release. Powering NFT’s activities The Robinhood web3 wallet boasts to allow trading and swapping of

South Korea has been alerted over the decline in the crypto market that led to the depegging of Terra (LUNA). According to a local news outlet, Luna’s decline led to cases of volatile trading.  Gaming companies with blockchain and virtual coins features in South Korea are most notable for being on their toes.  The Situation

OpenSea, online NFT marketplace, has once again experienced another hack, this time targeting its official Discord channel. The official Twitter Support handle for the NFT marketplace revealed that they were currently investigating a potential vulnerability in their discord channel, discouraging users from clicking on any links for the meantime as they could be phishing sites.

The centralized and decentralized exchanges (DEXs) in the crypto market have been always in a fight with each other. The world’s largest decentralized exchange Uniswap says that it is better than its rivals Coinbase and Binance when it comes to offering crypto market liquidity. This happens as Uniswap offers better incentives to liquidity providers and

Lido Finance, a liquid staking solution for ETH 2.0, has emerged as the DeFi protocol with the highest trading volume, according to data from TVL aggregator for DeFi, DeFiLama. LidoFinance’s trading volume hit $19.52 billion, as 7-days consecutive value remains bullish. Lido Finance Unseats Curve to achieve this feat At the time of this report,

Polkadot (DOT) is still on a mission to advance its platform’s development. Polkadot is a nominated proof of stake Blockchain (NPoS) that allows for the transfer of tokens and data among cross-blockchains. On the 4th of May, Polkadot announced the launch of XCM. Polkadot’s XCM is aimed at advancing parachain communication XCM, which was just