Scams
Over $1M lost in Polygon-based Dragoma rug pull
Blockchain security company PeckShield first reported the alleged rug pull, noting the sharp decline in the value of Dragoma's token DMA.
Solana
Latest stories
Hacks
Over 8K Solana wallets drained of funds, $10M estimated missing
The attack mostly affected mobile Solana wallets and most of the breach reports came from Phantom and Slope users.
NFTs
Solana NFT marketplace Magic Eden expands to Ethereum
The platform said that it plans to provide multichain solutions for NFT collectors and creators and has launched several tools to make that possible.
Analysis
Crypto investments products see inflows of $474M in July
The turnaround comes after the broader crypto market regained the $1 trillion mark and flagship digital assets slightly recovered from the bear market.
Web3
Solana spaces opens physical store in New York City
Vibhu Norby, Solana Spaces CEO, explained that the major aim of the physical store is to educate people about crypto and onboard new entrants.
Hacks
Solana-based Nirvana loses $3.5M to flash loan exploit; tokens tank 90%
OtterSec said the Nirvana exploit is similar to the one that affected Crema Finance earlier in the month.
Analysis
Bitcoin, Ethereum trade at weekly lows as market anticipates FOMC interest hike
Bitcoin’s price crashed to its lowest in the last seven days as the market anticipates the Feds interest rate hike.
Analysis
Bitcoin, Ethereum shed gains before looming Fed interest rate hike
With the Federal Reserve expected to raise the interest rate by at least 75 basis points on July 27, the crypto market cap has shed roughly 4%.
Merge
Ethereum Merge will not reduce gas fees, DeFi researcher says
Ethereum’s high gas fees have pushed many users to rival L1 blockchains like Solana, Cardano etc.
Legal
Solana sued for being ‘centralized,’ ‘security’
The network’s developer, founder, and partners are accused of profiting from the sale of an unregistered security.
Analysis
Bitcoin sees record outflows as Ethereum bucks trend
Most of Bitcoin outflows happened on June 17 and were likely responsible for its crash to around $17,760 on June 18.
Analysis
Crypto AuM at lowest point as investors buy the Bitcoin dip
CoinShares revealed there were clear signs of investors buying the dip as Bitcoin saw inflows of $28 million.