Vitalik Buterin Endorses Privacy-Centric DeFi Protocol RailGun

Ethereum’s Vitalik Buterin has publicly endorsed RailGun. This is a DeFi protocol designed to enhance anonymity for crypto transactions.
Buterin highlighted the protocol’s capabilities in protecting user privacy without compromising security, causing RailGun’s token to soar.

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DeFi Protocol Grand Base Hacked: Over $2 Million Lost

Grand Base experienced a devastating hack and a significant security breach that shocked the DeFi community.
The exploit, driven by a compromised private key, led to unauthorized transactions that have shaken investor confidence and spotlighted vulnerabilities within the DeFi ecosystems.

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Solana DEXs Volume is Back to $1 Billion Amid Heightened DeFi Scrutiny

Solana-based decentralized exchanges (DEXs) have seen a notable increase in trading activity, with their volume exceeding the $1 billion threshold. According to DEX Screener, the current trading volume is $1.23 billion, marking a substantial rise from last week’s average volume, under $1 billion.

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SushiSwap’s Restructure Proposal Sparks Debate, Awaits Community Verdict

A proposal to restructure SushiSwap’s decentralized autonomous organization (DAO) and treasury has stirred widespread controversy, dividing the community. On April 3, 2024, the team behind the decentralized exchange (DEX) SushiSwap proposed a plan to increase agility and drive innovation.

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Mango Markets Mayhem: Avraham Eisenberg Faces Trial Over $100 Million Exploit

Avraham Eisenberg, accused of draining over $100 million from the Mango Markets decentralized exchange (DEX), will face his criminal trial this week.
A New York federal court jury was assembled on Monday, with members ranging from a financial professional to a Broadway performer.

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Ethena Labs’ USDe Increases Rewards to Users by 50%

Ethena Labs has recently announced a significant boost in rewards for its users. As part of its “season 2” initiative, the platform is increasing rewards by 50% for some users.
This move has sparked a notable surge of 14% in the value of ENA, Ethena’s native token. Currently trading at $1.

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Cosmos (ATOM) Welcomes Frax Finance Into Its DeFi Ecosystem

Frax Finance is expanding its reach by integrating with the Cosmos ecosystem through a partnership with Noble.
This move will make Frax’s stablecoin, FRAX, and its staked version, sFRAX, accessible within the Cosmos network, known for its interoperability across approximately 80 blockchains.

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DeFi Architect Andre Cronje Questions If Ethena (USDe) Is the Next TerraUSD

Andre Cronje, a renowned DeFi architect, has cast a speculative gaze upon Ethena Protocol’s stablecoin, USDe, probing its potential to follow the tumultuous path of TerraUSD.
These insights contrast past predictions on industry risks with the current dynamics surrounding Ethena.

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