Crypto

DeFi United Secures $300 Million to Recover from Kelp Hack

The DeFi United Initiative has successfully raised over $300 million in response to the recent Kelp hack, gathering 132,704 ETH through community donations. This significant financial influx aims to support the recovery and strengthening of the DeFi ecosystem affected by the hack. Contributors from various sectors within the blockchain community rallied together, highlighting the ethos of solidarity in the decentralized finance space. The initiative underscores a collective commitment to resilience and security in DeFi projects moving forward. With these funds, DeFi United plans to enhance security protocols and prevent future incidents.

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eCash Founder Defends Hard Fork Plans Amid Bitcoin Community Division

eCash Founder Defends Hard Fork Plans Amid Bitcoin Community Division

The Bitcoin community is facing internal conflict as the eCash hard fork approaches in August. This initiative aims to utilize Satoshi Nakamoto's 'gifted' assets to finance the new chain, raising concerns among Bitcoin purists. The founder of eCash has publicly stated that the project will not

Can Bitcoin Break Above $80K? Insights on BTC's Latest Setup

Can Bitcoin Break Above $80K? Insights on BTC's Latest Setup

Recent analyses suggest that Bitcoin may be on the verge of a significant price surge, with several on-chain metrics indicating bullish trends. Traders and analysts are increasingly optimistic, pointing to key support levels and market sentiment favoring a move above $80,000. The potential breakout could attract more investors as

ZetaChain Suspends Cross-Chain Operations After Smart Contract Breach

ZetaChain Suspends Cross-Chain Operations After Smart Contract Breach

ZetaChain has announced a halt to its cross-chain operations due to a recent breach of its smart contract. This decision comes as the platform addresses vulnerabilities that were exploited, impacting user assets. The company is investigating the breach and implementing measures to enhance security. Developers and users have been urged