According to Odaily, the dYdX Foundation has released its mid-year ecosystem report for 2024. The report highlights key data including a trading volume of 166 billion USD, payments of 32 million USD to Stakers and validators, approval of 62 governance proposals, and the launch of iOS and Android applications. The report indicates a significant trading volume, reaching 166 billion USD in the first half of 2024. This figure represents the total amount of transactions processed by the dYdX platform during this period. In addition to the impressive trading volume, the dYdX Foundation has also paid out 32 million USD to Stakers and validators. These payments are part of the platform's reward system for those who contribute to the security and operation of the network. The dYdX Foundation has also seen progress in its governance structure, with 62 proposals being approved in the first half of 2024. These proposals are aimed at improving the platform's functionality and user experience. Furthermore, the dYdX Foundation has expanded its reach by launching applications for iOS and Android. These applications aim to provide users with a more convenient and accessible platform for trading and managing their digital assets.

According to Foresight News, CryptoRank has released rankings for the second quarter of 2024, listing the top 10 blockchains based on Total Value Locked (TVL) growth. The list is led by zkLink Nova with a staggering growth of 35840%, followed by Scroll at 1264%. The third position is held by DeFiChain EVM, which saw an increase of 813%, while Merlin Chain came in fourth with a growth of 690%. CORE and Linea secured the fifth and sixth positions with growth rates of 646% and 533% respectively. The seventh to tenth positions were occupied by Sei, Immutable, Ton, and Bahamut, which grew by 407%, 395%, 322%, and 300% respectively. These figures highlight the rapid growth and development in the blockchain sector.

According to Odaily, DEX CoW DAO has initiated a grant proposal to allocate $1 million worth of COW tokens and stablecoins. The funds are intended to cover the costs of listing COW tokens on CEX and for marketing expenses. The voting on this proposal is set to conclude on July 10th, with the current support rate standing at 99.72%. The high support rate indicates a strong consensus among the community members for the proposed allocation. The move is seen as a strategic step to enhance the visibility and market presence of COW tokens. However, the final decision will be determined by the voting results, which will be announced after July 10th.

According to Foresight News, Liquity has officially announced the adoption of the BUSL (multi-year commercial source code license) open-source license for its Protocol V2. This move allows independent teams, once approved, to perform friendly forks via the relevant source code on Ethereum or EVM-compatible chains. This process will be under the supervision of the team initiating the protocol. The team aims to promote innovation and growth while maintaining the integrity of the core protocol deployment. They have stated that they plan to complete the final revision of the code and the mainnet deployment before the end of the fourth quarter of this year.

According to Odaily, PancakeSwap, a popular decentralized exchange, has announced that SolvBTC.ENA is now supported for trading on the Arbitrum platform. SolvBTC.ENA is a liquidity yield token that uses Bitcoin as collateral to borrow stablecoins, which are then used to mint and stake Ethena's USDe to earn profits. The integration of SolvBTC.ENA into PancakeSwap on Arbitrum is a significant development in the decentralized finance (DeFi) space. This move allows users to leverage their Bitcoin holdings to generate yield in a non-custodial manner, thereby providing an additional avenue for Bitcoin holders to earn returns on their investments. This development is part of a broader trend in the DeFi sector, where platforms are increasingly integrating Bitcoin into their ecosystems to provide more options for users. The use of Bitcoin as collateral for borrowing stablecoins and earning yield is a testament to the growing acceptance and utility of Bitcoin in the DeFi space.

According to Odaily, Beta Finance has announced a new Decentralized Autonomous Organization (DAO) vote on platform X. The proposed vote aims to support the deposit of Wrapped Bitcoin (WBTC) on Omni, a platform on Arbitrum. Arbitrum is a scalable, secure, and private off-chain solution that aims to improve the efficiency of blockchain transactions. Omni, on the other hand, is a platform on Arbitrum that supports various digital assets. The proposed DAO vote by Beta Finance seeks to expand the range of digital assets supported by Omni by including WBTC. Wrapped Bitcoin (WBTC) is an ERC20 token that represents Bitcoin on the Ethereum blockchain. It allows Bitcoin holders to participate in Ethereum's decentralized finance (DeFi) ecosystem. The support for WBTC deposits on Omni, if approved, will provide Bitcoin holders with more opportunities to engage in DeFi activities. The announcement of the new DAO vote by Beta Finance is a significant development in the DeFi sector. It reflects the growing trend of integrating Bitcoin into the Ethereum ecosystem, thereby expanding the range of financial services available to Bitcoin holders. The final decision will be determined by the DAO vote, which is a democratic process involving all stakeholders in the Beta Finance community.

According to Foresight News, stablecoin protocol Frax Finance has initiated a discussion on its governance forum about a proposal to convert FXTL points into FXS. The proposal is composed of two parts: an initial conversion and subsequent annual FXTL conversions. For this purpose, 5 million FXS will be used. After the initial conversion is completed by FPIS, its market value will reach 93 million FXS. Following this, 1 million FXS will be unlocked each year for the conversion of FXTL points. This move by Frax Finance is seen as a strategic step in enhancing the utility and value of its FXS tokens. The annual unlocking of FXS for FXTL conversion also indicates the company's commitment to maintaining a steady flow of FXS in the market. The proposal, if approved, could potentially influence the dynamics of the FXS market.

According to Odaily, Symbiotic, a repledge protocol invested in by Paradigm and Lido, has increased the deposit limits on several of its repledge pools. The only exception is the sUSDe pool, which is currently at full capacity. All other pools have available space for additional deposits. This move by Symbiotic is seen as a strategic step to accommodate more users and increase the liquidity of their pools. The company, backed by prominent investors Paradigm and Lido, continues to make strides in the decentralized finance sector. However, the sUSDe pool remains at its maximum limit, indicating a high demand for this particular pool. The remaining pools have room for more deposits, providing opportunities for investors to participate in the repledge protocol.

According to Odaily, a report released by Paidun reveals a significant increase in security incidents in the crypto domain during the first half of 2024. The period witnessed over 200 major hacker attacks, resulting in an estimated loss of around $1.56 billion. However, $319 million was recovered. Compared to the same period in 2023, this figure represents a substantial growth of 293%, when the loss was $480 million. DeFi protocols remained the primary targets of these attacks, accounting for 59% of the total stolen value. More than 20 public chains experienced significant hacker attacks. The top three cryptocurrencies in terms of loss amount were Ethereum, Bitcoin, and XRP. Furthermore, Ethereum and BNB Chain were the most frequently attacked, with each accounting for 31.3% of the total number of attacks. They were followed by Arbitrum, which accounted for 12.5% of the attacks.

According to Odaily, Superposition, a DeFi native L3 project based on Arbitrum One, has announced the launch of its L3 Testhub. The Testhub serves as a centralized repository, encompassing all SPN testnet requirements including faucets and tutorials. The launch of the L3 Testhub is a significant step for Superposition, demonstrating its commitment to providing comprehensive solutions for SPN testnet requirements. The Testhub, being a centralized repository, will streamline the process of accessing necessary resources, making it easier for users to navigate and utilize the platform. The use of Arbitrum One as the base for this project further highlights Superposition's innovative approach. Arbitrum One is known for its scalability and efficiency, characteristics that Superposition aims to incorporate into its L3 Testhub. This move is expected to enhance the performance and user experience of the platform. In conclusion, the launch of the L3 Testhub by Superposition is a notable development in the DeFi sector. It not only showcases the project's dedication to user-centric solutions but also its innovative use of technology to improve platform efficiency and scalability.

According to Odaily, Parallel Network, a comprehensive L2 network, has announced the termination of its ParaSpace V1 operations. The closure of the ParaSpace V1 lending platform will follow a specific set of steps. From July 2nd to July 9th, all markets on ParaSpace V1 will be frozen. During this period, the loan-to-value (LTV) ratio of all assets will be adjusted to zero. Users will only be allowed to repay loans, with withdrawals being prohibited. This phase will last for seven days, ending on July 9th. On July 10th, after the seven-day period, all positions with outstanding loans will be directly liquidated. Once the liquidation process is completed, withdrawals will be reopened. This move marks a significant shift in the operations of the Parallel Network.

According to Odaily, the weekly trading volume of decentralized applications (DApps) on the Ethereum network has seen a significant increase of 83% compared to the previous week. However, a single application, Balancer, accounts for 59.5% of this increase. Despite the overall rise in trading volume, the number of active Ethereum users has decreased by 8%, and the total value locked (TVL) has also fallen by 17.5%. This growth contradicts the trends observed in other parts of the crypto market. Excluding the contribution from Balancer, the weekly trading volume of Ethereum DApps has actually decreased by 5%. This unusual phenomenon suggests the need for further analysis to understand the real demand behind the increase in trading volume and potential manipulative behavior.

According to BlockBeats, Uniswap, a decentralized finance protocol, has seen its front-end transaction fees, also known as revenue, reach $45.71 million as of July 2nd. This data was provided by DefiLlama, a reliable source for decentralized finance market data. Uniswap's significant revenue increase is a testament to the growing popularity and adoption of decentralized finance protocols. However, it's important to note that while this figure is impressive, it also reflects the high transaction fees that users often have to bear when interacting with such protocols. This news underscores the continued growth and potential of the decentralized finance market. As more users turn to these platforms for their financial transactions, it's expected that revenues for these protocols will continue to increase.

According to Foresight News, a significant loss of 27.3 Ethereum (ETH) has been detected due to an error in the uniswapV3SwapCallback function of an address starting with 0x452E2. The function was found to be lacking in access control, leading to the substantial loss. The issue highlights the importance of robust access control mechanisms in cryptocurrency transactions to prevent such losses.

On July 3, 2024, Bittensor (TAO) announced an urgent response to a wallet attack. The situation has led to the suspension of all on-chain transactions as the team endeavours to understand and address the nature of the breach. Here are the key points from the incident: Main Takeaways: 1. Wallet Attack Announcement:   - Bittensor officially confirmed that its wallet had been compromised and an investigation is currently underway.   - In response, all on-chain transactions have been suspended to prevent further damage and ensure security. 2. Suspension of Transactions:   - The blockchain has been put into safe mode for at least 24 hours. During this period, all transactions, including transfers, have been halted.   - No regular software updates or chain updates will be released on the mainnet or testnet until full security is reinstated and the chain is restored online. 3. Market Impact:   - Following the attack, the price of Bittensor (TAO) dropped by over 15% in a short time, currently trading at approximately $236. Detailed Analysis: Immediate Actions Taken: - Safe Mode Activation: By placing the blockchain in safe mode, Bittensor aims to limit any potential further exploitation of vulnerabilities while the investigation is conducted. - Transaction Suspension: Halting all transactions is a critical step to ensure no additional funds can be moved or stolen amid the investigation. - Investigation: The team is focused on understanding the scope and particulars of the attack to address all security flaws accurately. Communication and Updates: - Public Announcements: Bittensor has been communicative with its users, sharing important updates and safety instructions. - Future Plans: Assurances have been given that no chain-related updates will be released until the issue is fully resolved and the chain is back to normal operation. Market Repercussions: - Price Drop: The immediate market reaction saw a significant drop in the value of TAO, reflecting investor concerns and the impact of the security breach. - Volatility: Continued volatility is expected until the situation is stabilized and confidence in the security measures is restored. Bittensor's proactive approach to suspend all on-chain transactions and place the blockchain in safe mode is a crucial step in containing the attack and protecting user assets. The ongoing investigation will be key to understanding the breach's specifics and preventing future incidents. The situation underscores the importance of robust security measures and swift responses in the rapidly evolving digital finance space. As the security investigation proceeds, stakeholders are advised to stay informed through official Bittensor channels for further updates and instructions.

In a recent security breach reported by ChainCatcher, the Ethereum Foundation's email account was compromised, resulting in phishing emails being sent to nearly 36,000 individuals. Here are the main details and outcomes of this incident: Main Takeaways: 1. Phishing Emails Sent:   - A total of 35,794 individuals received phishing emails from the compromised Ethereum Foundation email account.   - The emails falsely claimed a partnership with LidoDAO, offering a 6.8% return on staking Ethereum.   - Users were misled to click a link and approve a transaction, which would have resulted in their wallets being emptied. 2. Quick Response and Mitigation:   - The Foundation acted promptly to block the malicious emails and close the attack vector.   - Warnings were issued to the relevant parties to prevent further fallout from the phishing attempt. 3. Investigation Findings:   - Although the attackers acquired new email addresses, no funds were lost due to this breach.   - The quick actions of the Ethereum Foundation ensured that no individuals fell victim to the phishing scheme. Detailed Analysis: Phishing Attack Details: - Email Content: The phishing email deceitfully suggested that the Ethereum Foundation was collaborating with LidoDAO to offer a staking return of 6.8%. This was used as bait to trick users into clicking a malicious link and approving a fraudulent transaction. - Target: Nearly 36,000 email recipients were targeted, with email addresses recorded for 81 subscribers. Immediate Actions Taken: - Email Blockage: The Ethereum Foundation swiftly blocked further malicious emails from being sent. - Closure of Attack Path: The specific method used to compromise the email account and send phishing emails was identified and neutralized. - Warnings Issued: Alerts were disseminated to those potentially affected, advising them of the phishing risk and urging them to take necessary precautions. Investigation Outcomes: - No Funds Lost: Despite the potential severity of the breach, it was confirmed that no victims lost funds in this attack. - Security Reinforcements: The attack highlighted vulnerabilities that have since been addressed to prevent future incidents. Preventative Measures and Recommendations: 1. Heightened Vigilance: Users must remain vigilant about emails requesting them to take financial actions or share sensitive information. 2. Verification Processes: Always verify the authenticity of communication by directly contacting the organization through official channels. 3. Security Best Practices: Implement robust email security measures, including multi-factor authentication and anti-phishing tools. 4. Community Awareness: Continuous community education about the risks of phishing attacks and the importance of cybersecurity hygiene is crucial. The Ethereum Foundation's swift and effective response mitigated the potential damage from the phishing email attack. While this incident underscores the persistent threats facing the cryptocurrency community, it also demonstrates the importance of rapid response and robust security strategies. By staying informed and vigilant, the community can better protect itself from such malicious activities in the future.

According to Foresight News, Balancer has launched its V3 codebase. The new architecture of V3 is centered around simplicity, flexibility, and scalability. The updated features include a redesigned vault, a temporary accounting system utilizing EIP-1153, re-entrant pool lifecycle hooks, native support for yield-bearing tokens, and 100% boosted pools. The V3 vault more formally defines the requirements for custom pools, allowing Balancer to shift its core design patterns from the pools to the vault. This move is expected to enhance the overall functionality and efficiency of the system.

According to Foresight News, SynFutures, a decentralized crypto derivatives trading protocol, has announced the launch of V3 on Base. In addition to the launch, SynFutures has also revealed that it will introduce trading pairs such as DEGEN/WETH, CHOMP/WETH, BOOMER/WETH, and ISK/WETH Meme. Furthermore, the protocol will also launch wstETH/ETH, weETH/ETH, and wrsETH/ETH liquidity staking derivatives (LSD) assets and liquidity staking tokens (LRT) trading pairs. The move is seen as a significant step in expanding the offerings of the protocol and providing more options for traders.

According to Odaily, EigenLayer, a prominent Ethereum re-pledge protocol, has announced that it expects significant progress in the third quarter of 2024. The announcement was made on the X platform, a popular platform for blockchain and cryptocurrency news and updates. As per the data provided by Defilama, the total value locked (TVL) in EigenLayer currently stands at $174.75 billion. This figure represents the total amount of assets currently being held in the Ethereum re-pledge protocol. The anticipated progress in the third quarter of 2024 is expected to further strengthen EigenLayer's position in the market. However, the specifics of the expected progress were not detailed in the announcement. The Ethereum re-pledge protocol market is highly competitive, and significant progress could mean a variety of things, including an increase in TVL, the introduction of new features, or improvements in security and efficiency. EigenLayer's announcement has generated a lot of interest in the cryptocurrency community, with many eagerly awaiting more details about the expected progress. The third quarter of 2024 could prove to be a pivotal time for EigenLayer and the Ethereum re-pledge protocol market as a whole.

According to Odaily, Aave DAO has launched its GHO stablecoin on Arbitrum as part of its cross-chain expansion strategy. The GHO stablecoin, which is native to the Aave protocol, will utilize the industry-standard Chainlink Cross-Chain Interoperability Protocol (CCIP). The launch on Arbitrum marks the beginning of this strategy, with plans to extend to other networks over time. The GHO stablecoin is a multi-collateral stablecoin, meaning it is backed by multiple types of collateral. This is a significant move for Aave DAO as it seeks to expand its reach across different blockchain networks. The use of Chainlink's CCIP will enable the GHO stablecoin to operate across multiple chains, enhancing its utility and reach. The launch on Arbitrum is just the first step in this cross-chain expansion strategy. Over time, Aave DAO plans to extend the GHO stablecoin to other networks, further increasing its accessibility and utility in the blockchain space. This move is indicative of the growing trend of cross-chain interoperability in the blockchain industry, as protocols seek to enhance their reach and functionality across multiple networks.