CeFi
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๐ธ The meme coin boom and billions in losses: what's happening in Web3?
The crypto industry is having a hot year in 2024! ๐ฅ According to a report by Hacken, cumulative losses in the Web3 market have already exceeded $2.9 billion. ๐ฑ
Where is the money going?
DeFi has reduced its losses by 40% (from $787 million to $474 million). This is progress, but the problem is still relevant. ๐
CeFi surprised: losses more than doubled to $694 million! ๐จ
The main reason? 78% of hacks occur due to access control vulnerabilities. ๐ก๏ธ This is a signal for all developers: without robust protection, user trust is at risk.
Another trend: scams in presales. Meme coins that promise "millions in a week" often hide devious schemes. ๐ช๐ถ
๐ Conclusion: Invest wisely, check projects, and don't forget: decentralization means freedom, but also responsibility.
Share your opinion: what needs to change to stop these losses? ๐ฌ
#CryptoNews #Web3 #DeFi #CeFi #CryptoSecurity
The crypto industry is having a hot year in 2024! ๐ฅ According to a report by Hacken, cumulative losses in the Web3 market have already exceeded $2.9 billion. ๐ฑ
Where is the money going?
DeFi has reduced its losses by 40% (from $787 million to $474 million). This is progress, but the problem is still relevant. ๐
CeFi surprised: losses more than doubled to $694 million! ๐จ
The main reason? 78% of hacks occur due to access control vulnerabilities. ๐ก๏ธ This is a signal for all developers: without robust protection, user trust is at risk.
Another trend: scams in presales. Meme coins that promise "millions in a week" often hide devious schemes. ๐ช๐ถ
๐ Conclusion: Invest wisely, check projects, and don't forget: decentralization means freedom, but also responsibility.
Share your opinion: what needs to change to stop these losses? ๐ฌ
#CryptoNews #Web3 #DeFi #CeFi #CryptoSecurity
Midday News Update #Web3
๐ ai16z market cap surpasses $1B as price hits $0.938, up 45.23% in 24H.
๐ Kaiko predicts $ETH growth in 2025, with spot ETFs seeing only 3 days of outflows in the past 30 days.
๐ฐ ETHW saw $6.2M inflows yesterday, with FETH netting $3.5M and ETHA at $44.5M.
๐ #defi attacks fell 40% in 2024, but #cefi losses doubled to $694M due to access control vulnerabilities.
๐ฆ๐บ Monochrome Bitcoin ETF in Australia holds 261 $BTC as of Dec 24.
#ai16z #marketcap
๐ ai16z market cap surpasses $1B as price hits $0.938, up 45.23% in 24H.
๐ Kaiko predicts $ETH growth in 2025, with spot ETFs seeing only 3 days of outflows in the past 30 days.
๐ฐ ETHW saw $6.2M inflows yesterday, with FETH netting $3.5M and ETHA at $44.5M.
๐ #defi attacks fell 40% in 2024, but #cefi losses doubled to $694M due to access control vulnerabilities.
๐ฆ๐บ Monochrome Bitcoin ETF in Australia holds 261 $BTC as of Dec 24.
#ai16z #marketcap
Crypto Hacks Surge to $2.1 Billion in 2024, CeFi Takes Biggest Hit
โช๏ธCrypto hacks in 2024 have already hit $2.114 billion, surpassing all losses from 2023.
โช๏ธCeFi platforms saw a staggering 984% rise in hacks, while DeFi losses dropped 25%.
โช๏ธCyvers helped mitigate further damage, highlighting the need for real-time defenses.
#CryptoHack #cefi #StaySafeInTheCryptoWorld
โช๏ธCrypto hacks in 2024 have already hit $2.114 billion, surpassing all losses from 2023.
โช๏ธCeFi platforms saw a staggering 984% rise in hacks, while DeFi losses dropped 25%.
โช๏ธCyvers helped mitigate further damage, highlighting the need for real-time defenses.
#CryptoHack #cefi #StaySafeInTheCryptoWorld
๐Top Project From Recent Funding Round ๐ฐ WSPN ๐
๐ WSPN has just secured $30.00M in its latest funding round! ๐
๐นAbout: The Worldwide Stablecoin Payment Network (WSPN) is a pioneering initiative aimed at revolutionizing digital payments through the use of blockchain technology. At its core, WSPN introduces WUSD, a fiat-collateralized stablecoin pegged 1:1 to the US Dollar, ensuring stability and transparency in transactions. This network leverages distributed ledger technology to create a trustless and global payment system, enhancing the efficiency and security of digital payments. WSPNโs infrastructure includes a robust custodial arrangement where reserve assets are managed by an independent trustee, ensuring the safety of clientsโ funds. The project aims to comply with global regulatory standards by obtaining relevant licenses in key financial hubs such as the EU, Hong Kong, Singapore, and the US. By providing a reliable medium of exchange, WSPN facilitates seamless transactions across various use cases, from everyday purchases to large-scale financial operations. The transparency of WUSD is further ensured through public audits and on-chain data verification. With significant seed funding, WSPN is poised to expand its stablecoin infrastructure and solidify its position in the digital payment landscape. This initiative represents a significant step towards a more secure and efficient global financial system. ๐
๐น Lead Investors: Foresight Ventures, Folius Ventures, Yunqi Partners, Hash Global and many more.
๐น Total Raised: $30.00M.
๐น Project Category: CeFi.
๐If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha ๐ฆ๐๐ป
#cefi #DEFฤฐ #DEFI #Web3Wallet #Binance $AAVE
$STG
$BNB
๐นAbout: The Worldwide Stablecoin Payment Network (WSPN) is a pioneering initiative aimed at revolutionizing digital payments through the use of blockchain technology. At its core, WSPN introduces WUSD, a fiat-collateralized stablecoin pegged 1:1 to the US Dollar, ensuring stability and transparency in transactions. This network leverages distributed ledger technology to create a trustless and global payment system, enhancing the efficiency and security of digital payments. WSPNโs infrastructure includes a robust custodial arrangement where reserve assets are managed by an independent trustee, ensuring the safety of clientsโ funds. The project aims to comply with global regulatory standards by obtaining relevant licenses in key financial hubs such as the EU, Hong Kong, Singapore, and the US. By providing a reliable medium of exchange, WSPN facilitates seamless transactions across various use cases, from everyday purchases to large-scale financial operations. The transparency of WUSD is further ensured through public audits and on-chain data verification. With significant seed funding, WSPN is poised to expand its stablecoin infrastructure and solidify its position in the digital payment landscape. This initiative represents a significant step towards a more secure and efficient global financial system. ๐
๐น Lead Investors: Foresight Ventures, Folius Ventures, Yunqi Partners, Hash Global and many more.
๐น Total Raised: $30.00M.
๐น Project Category: CeFi.
๐If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha ๐ฆ๐๐ป
#cefi #DEFฤฐ #DEFI #Web3Wallet #Binance $AAVE
$STG
$BNB
See original
Please take at least 2 items from cefi, guys.
Actually, this system still has many good products and is being priced too low at the present time, among the cryptocurrency systems.
๐ But it is a system that will fly in the top as strong as defi.
Out of 10 projects, 9 projects have profits above x10 in an uptrend season.
You guys understand, the last article is on the topic Cefi.
In 2025, I will list some cefi products for you guys to look back and see if my perspective today is correct or not.
Or you guys say uptrend buy something that doesn't increase.
#cefi
Actually, this system still has many good products and is being priced too low at the present time, among the cryptocurrency systems.
๐ But it is a system that will fly in the top as strong as defi.
Out of 10 projects, 9 projects have profits above x10 in an uptrend season.
You guys understand, the last article is on the topic Cefi.
In 2025, I will list some cefi products for you guys to look back and see if my perspective today is correct or not.
Or you guys say uptrend buy something that doesn't increase.
#cefi
Q3 2024 Crypto Gainers: A Deep Dive into the Hottest Projects (Part 3)
CeFiโs Steady Growth
In centralized finance (CeFi), Maple has surged +59.7% YTD, benefiting from its role in offering liquidity solutions and debt financing within crypto markets. Meanwhile, WhiteBIT Coin (+18.9%) also gained attention, benefiting from the solid reputation of the WhiteBIT exchange, known for its strong security measures, including two-factor authentication (2FA) and cold storage for 96% of user funds.
SocialFi Emergence
Lastly, SocialFiโwhere social platforms and finance intersectโhas shown notable performance with UXLINK leading the way with +163%. The integration of social networks and decentralized finance is creating new opportunities for monetizing content and engagement, making this a sector to watch closely in the coming months.
Conclusion: What to Expect Moving Forward
The third quarter of 2024 has showcased the incredible diversity and potential within the crypto space. While traditional assets like Bitcoin posted modest gains, newer and more niche sectors like GameFi, DeFi, and SocialFi are leading the charge with impressive growth rates. As we move into Q4, the marketโs focus may shift toward how these projects can continue innovating and sustaining their growth. Platforms with a strong focus on security and utility, such as WhiteBIT, which ensures user protection through robust security protocols, will likely continue to attract users looking for reliable and secure exchanges.
This article analyzes key trends in the crypto market based on the provided image, with a focus on top-performing sectors and their future potential.
#cefi #socialfi #CryptoNewss #CryptoNewsCommunity
CeFiโs Steady Growth
In centralized finance (CeFi), Maple has surged +59.7% YTD, benefiting from its role in offering liquidity solutions and debt financing within crypto markets. Meanwhile, WhiteBIT Coin (+18.9%) also gained attention, benefiting from the solid reputation of the WhiteBIT exchange, known for its strong security measures, including two-factor authentication (2FA) and cold storage for 96% of user funds.
SocialFi Emergence
Lastly, SocialFiโwhere social platforms and finance intersectโhas shown notable performance with UXLINK leading the way with +163%. The integration of social networks and decentralized finance is creating new opportunities for monetizing content and engagement, making this a sector to watch closely in the coming months.
Conclusion: What to Expect Moving Forward
The third quarter of 2024 has showcased the incredible diversity and potential within the crypto space. While traditional assets like Bitcoin posted modest gains, newer and more niche sectors like GameFi, DeFi, and SocialFi are leading the charge with impressive growth rates. As we move into Q4, the marketโs focus may shift toward how these projects can continue innovating and sustaining their growth. Platforms with a strong focus on security and utility, such as WhiteBIT, which ensures user protection through robust security protocols, will likely continue to attract users looking for reliable and secure exchanges.
This article analyzes key trends in the crypto market based on the provided image, with a focus on top-performing sectors and their future potential.
#cefi #socialfi #CryptoNewss #CryptoNewsCommunity
๐ป๐ป$ENA ________๐ฅ for ENA updates โซ๏ธโซ๏ธโซ๏ธ
CryptoQuant CEO Says Ethena (ENA) Has Custody/Execution-Related Risks
ENA - SELL
Reason: Ethena (ENA) is identified as CeFi by CryptoQuant's CEO, introducing custodial/executive risks.
Signal strength: HIGH
Signal time: 2024-04-03 10:29:55 GMT
#ENA #CRYPTOQUANT #cefi #ENAUSDT #SignalAlert
Always DYOR. Itโs not a financial advice, but our POV on the most likely asset move amid the event. Whatโs yours?
CryptoQuant CEO Says Ethena (ENA) Has Custody/Execution-Related Risks
ENA - SELL
Reason: Ethena (ENA) is identified as CeFi by CryptoQuant's CEO, introducing custodial/executive risks.
Signal strength: HIGH
Signal time: 2024-04-03 10:29:55 GMT
#ENA #CRYPTOQUANT #cefi #ENAUSDT #SignalAlert
Always DYOR. Itโs not a financial advice, but our POV on the most likely asset move amid the event. Whatโs yours?
๐Top Project From Recent Funding Round ๐ฐ Partior ๐
๐ Partior has just secured $60.00M in its latest funding round! ๐
๐นAbout: Partior is a blockchain-based platform reshaping global money movement. It optimizes liquidity access and enables new capabilities through its unified ledger. Founded by J.P. Morgan, DBS, and Temasek, Partior aims to achieve end-to-end atomic settlements in multiple currencies, replacing the sequential approach to payments settlement. The platform streamlines settlement processes, eliminating intermediaries and reconciliation procedures. It addresses liquidity fragmentation, allowing instantaneous liquidity through atomic settlement between assets. Partiorโs network supports cross-border payments, securities, and enterprise solutions, making the movement of liquidity seamless, secure, and scalable. ๐
๐น Lead Investors: Peak XV Partners, Temasek, J.P. Morgan, Jump Trading, Valor Capital Group, DBS Bank, Standard Chartered Bank.
๐น Total Raised: $60.00M.
๐น Project Category: CeFi.
๐If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha ๐ฆ๐๐ป
#cefi #DEFI #DeFiChallenge #BNB #Binance $ETH
$SOL
$AAVE
๐นAbout: Partior is a blockchain-based platform reshaping global money movement. It optimizes liquidity access and enables new capabilities through its unified ledger. Founded by J.P. Morgan, DBS, and Temasek, Partior aims to achieve end-to-end atomic settlements in multiple currencies, replacing the sequential approach to payments settlement. The platform streamlines settlement processes, eliminating intermediaries and reconciliation procedures. It addresses liquidity fragmentation, allowing instantaneous liquidity through atomic settlement between assets. Partiorโs network supports cross-border payments, securities, and enterprise solutions, making the movement of liquidity seamless, secure, and scalable. ๐
๐น Lead Investors: Peak XV Partners, Temasek, J.P. Morgan, Jump Trading, Valor Capital Group, DBS Bank, Standard Chartered Bank.
๐น Total Raised: $60.00M.
๐น Project Category: CeFi.
๐If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha ๐ฆ๐๐ป
#cefi #DEFI #DeFiChallenge #BNB #Binance $ETH
$SOL
$AAVE
(#growthepie )
New ATH for #base Daily Transaction Count - 4.86M
Transactions by Category:~32% -
Token Transfers~23% -
#DEFฤฐ ~5% - Utility~4% -
#cefi ~2% - Social~1% - Cross Chain~1% - #NFTโ *remainder unlabeled Most used Contract:
@Uniswap Protocol - combined total of 969k = ~20% of Transactions!
New ATH for #base Daily Transaction Count - 4.86M
Transactions by Category:~32% -
Token Transfers~23% -
#DEFฤฐ ~5% - Utility~4% -
#cefi ~2% - Social~1% - Cross Chain~1% - #NFTโ *remainder unlabeled Most used Contract:
@Uniswap Protocol - combined total of 969k = ~20% of Transactions!
See original
Binance announced that the next #BinanceLaunchpool will support decentralized BNB assets, which means that the #cefi + #Defi model has formed a closed loop.
If you can understand the logic behind it, you will not participate in any secondary, but only participate in the 1.5 level on Binance. It is not a big problem to get an 80% comprehensive annualized return. The income structure is as follows:
Currently, the decentralized BNB assets are: Staked Lista BNB (slisBNB). This is a stablecoin project on the BNB Chain. Staking BNB to Lista Dao can mint slisBNB.
โจStep 1: Pledge BNB on Lista Dao and mint slisBNB
The income on Defi integration is much higher than Launchpool. Staking on Lista Dao can also get $LISTA airdrops and emission, with a comprehensive income of 15-40%;
๐นslisBNB can be exchanged on pancakeswap, see the contract announcement. But if we donโt pledge $BNB on Lista Dao and mint slisBNB, we wonโt get the income from Lista Dao.
๐ฅBinance clearly stated: slisBNB can also participate in #Megadrop and #hodler airdrops. Here we can see that the minted slisBNB has become a golden shovel, which can kill four birds with one stone.
โจStep 2, then withdraw slisBNB to Binance Web3 wallet and wait for new activities;
โ The above income only calculates the comprehensive income of Lista Dao. If it is minted into slisBNB and participates in Launchpool, the income will reach more than 100%.
Figure 2 is the comprehensive annualization of previous Launchpools.
โ In summary, the comprehensive income of slisBNB in โโLista Dao+Launchpool can reach more than 80% (coin standard).
โ Binance has not launched Launchpool for two consecutive months. It is estimated that it is planning Megadrop and HODLer. These two sections have been completed.
Now such an announcement is suddenly issued. It is estimated that it is like this:
๐ธFirst, communicate with @ListaDAO and make good technical support;
๐ธSecond, prepare to launch a new Launchpool activity.
So what we need to do now is: mint slisBNB first, get the income from Lista Dao, then withdraw to Binance Web3 wallet, wait for Launchpool activities, and then get the excess income from Launchpool.
Binance Launchpool Supports DeFi BNB Assets in Binance Web3 Wallet
If you can understand the logic behind it, you will not participate in any secondary, but only participate in the 1.5 level on Binance. It is not a big problem to get an 80% comprehensive annualized return. The income structure is as follows:
Currently, the decentralized BNB assets are: Staked Lista BNB (slisBNB). This is a stablecoin project on the BNB Chain. Staking BNB to Lista Dao can mint slisBNB.
โจStep 1: Pledge BNB on Lista Dao and mint slisBNB
The income on Defi integration is much higher than Launchpool. Staking on Lista Dao can also get $LISTA airdrops and emission, with a comprehensive income of 15-40%;
๐นslisBNB can be exchanged on pancakeswap, see the contract announcement. But if we donโt pledge $BNB on Lista Dao and mint slisBNB, we wonโt get the income from Lista Dao.
๐ฅBinance clearly stated: slisBNB can also participate in #Megadrop and #hodler airdrops. Here we can see that the minted slisBNB has become a golden shovel, which can kill four birds with one stone.
โจStep 2, then withdraw slisBNB to Binance Web3 wallet and wait for new activities;
โ The above income only calculates the comprehensive income of Lista Dao. If it is minted into slisBNB and participates in Launchpool, the income will reach more than 100%.
Figure 2 is the comprehensive annualization of previous Launchpools.
โ In summary, the comprehensive income of slisBNB in โโLista Dao+Launchpool can reach more than 80% (coin standard).
โ Binance has not launched Launchpool for two consecutive months. It is estimated that it is planning Megadrop and HODLer. These two sections have been completed.
Now such an announcement is suddenly issued. It is estimated that it is like this:
๐ธFirst, communicate with @ListaDAO and make good technical support;
๐ธSecond, prepare to launch a new Launchpool activity.
So what we need to do now is: mint slisBNB first, get the income from Lista Dao, then withdraw to Binance Web3 wallet, wait for Launchpool activities, and then get the excess income from Launchpool.
Binance Launchpool Supports DeFi BNB Assets in Binance Web3 Wallet
๐ Have you secured your crypto centralized exchange?
๐ก๏ธ There are 3 layers of security to be applied on securing your crypto centralized exchange:
Layer 1:
Find a reputable exchange with a great history, team, and founder. Remember humans are a great investment because we trade with other humans. ๐ฅ
Place a strong password on your CEX, make sure it is not only 8 words or signs, the longer the better, and donโt use the same password on any other of your accounts. ๐
If there is an update on the CEX application, please update it as they might reduce bugs or add extra security. ๐ฒ
Layer 2:
Once you are done with layer 1, now it's time to set up your 2FA (two-factor authentication).
SMS 2FA is no longer safe and not recommended anymore due to the possibility of SIM swap. ๐ต
Email 2FA is better than SMS. Make sure you use a 2FA app on your email instead of SMS 2FA. ๐ง
Application 2FA is more sophisticated compared to SMS or email 2FA. Examples are Google Authenticator or Authy. ๐
Layer 3:
Biometrics are used to prevent other people from using your ID, for instance, face biometrics or fingerprint. ๐ค
YubiKey is the highest level of security that you may need as your account goes higher. This is a physical key that needs to be plugged when you enter your account, so other people canโt enter your account without it. Compared to all 2FA that are available in layer 2 that are free to access and create without buying anything, YubiKey needs additional investment as it has a price tag on it and makes your account more secure. ๐๐
๐ Notes: This is for CEX security only. If you are heavily into DeFi, we recommend using a hardware wallet and remembering where you place your key. ๐ก
{crypto, cryptosecurity, security, biometric, yubikey, 2fa]
#crypto #cryptoextraction #cryposecurity #crypto2fa #2fa #cefi #centralized #exchange
๐ก๏ธ There are 3 layers of security to be applied on securing your crypto centralized exchange:
Layer 1:
Find a reputable exchange with a great history, team, and founder. Remember humans are a great investment because we trade with other humans. ๐ฅ
Place a strong password on your CEX, make sure it is not only 8 words or signs, the longer the better, and donโt use the same password on any other of your accounts. ๐
If there is an update on the CEX application, please update it as they might reduce bugs or add extra security. ๐ฒ
Layer 2:
Once you are done with layer 1, now it's time to set up your 2FA (two-factor authentication).
SMS 2FA is no longer safe and not recommended anymore due to the possibility of SIM swap. ๐ต
Email 2FA is better than SMS. Make sure you use a 2FA app on your email instead of SMS 2FA. ๐ง
Application 2FA is more sophisticated compared to SMS or email 2FA. Examples are Google Authenticator or Authy. ๐
Layer 3:
Biometrics are used to prevent other people from using your ID, for instance, face biometrics or fingerprint. ๐ค
YubiKey is the highest level of security that you may need as your account goes higher. This is a physical key that needs to be plugged when you enter your account, so other people canโt enter your account without it. Compared to all 2FA that are available in layer 2 that are free to access and create without buying anything, YubiKey needs additional investment as it has a price tag on it and makes your account more secure. ๐๐
๐ Notes: This is for CEX security only. If you are heavily into DeFi, we recommend using a hardware wallet and remembering where you place your key. ๐ก
{crypto, cryptosecurity, security, biometric, yubikey, 2fa]
#crypto #cryptoextraction #cryposecurity #crypto2fa #2fa #cefi #centralized #exchange
BounceBit's infrastructure ensures the security of user funds through Mainnet Digital's regulated custody while maintaining transparent on-chain asset traceability via Ceffu's MirrorX integration. This #cefi foundation not only addresses compliance issues but also offers yield generation opportunities through delta-neutral Funding Rate Arbitrage. This premium feature is available to users who deposit at least 0.1 $BTC or $1,000 on BounceBit.
Currently, BounceBit Premium offers a cumulative APR of 14.51% plus an additional 10.11% APR in $BB rewards. Take advantage of this to maximize your assets.
Key points:
**Product Overview**
- BounceBit Premium is a financial product for investors waiting for a bull market.
- BounceBit provides secure asset infrastructure through Mainnet Digital's regulated custody, while maintaining transparent on-chain traceability via Ceffu's MirrorX integration.
- BounceBit's CeFi foundation ensures compliance and offers yield generation opportunities through delta-neutral Funding Rate Arbitrage.
**Rewards and Benefits**
- The Premium feature is available to users who deposit at least 0.1 BTC or $1,000.
- BounceBit Premium offers a total APR of up to 14.51%, plus an additional 10.11% APR in $BB rewards.
- Investors can maximize their assets by participating in BounceBit Premium.
Currently, BounceBit Premium offers a cumulative APR of 14.51% plus an additional 10.11% APR in $BB rewards. Take advantage of this to maximize your assets.
Key points:
**Product Overview**
- BounceBit Premium is a financial product for investors waiting for a bull market.
- BounceBit provides secure asset infrastructure through Mainnet Digital's regulated custody, while maintaining transparent on-chain traceability via Ceffu's MirrorX integration.
- BounceBit's CeFi foundation ensures compliance and offers yield generation opportunities through delta-neutral Funding Rate Arbitrage.
**Rewards and Benefits**
- The Premium feature is available to users who deposit at least 0.1 BTC or $1,000.
- BounceBit Premium offers a total APR of up to 14.51%, plus an additional 10.11% APR in $BB rewards.
- Investors can maximize their assets by participating in BounceBit Premium.