Crypto

LayerZero Pledges 10,000 ETH to DeFi United Initiative

LayerZero has made a significant commitment to the decentralized finance space by joining DeFi United and pledging 10,000 ETH, valued at approximately $23 million. This move is aimed at enhancing liquidity and supporting various DeFi projects within the initiative. With this funding, LayerZero seeks to foster innovation and collaboration in the ecosystem. The contribution highlights LayerZero's ongoing dedication to advancing the DeFi landscape. Stakeholders are optimistic that this investment will yield beneficial outcomes for the community and enhance the overall growth of decentralized finance.

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ZetaChain Unveils Insights on $334K Cross-Chain Attack from April

ZetaChain Unveils Insights on $334K Cross-Chain Attack from April

ZetaChain has published a detailed post-mortem report regarding the cross-chain attack that occurred on April 27, resulting in a loss of $334,000. The report outlines the technical vulnerabilities that were exploited by hackers, providing transparency to the community. ZetaChain emphasizes its commitment to enhancing security measures following this incident.

DeXe Faces Increased Short Pressure as Price Approaches $12.8

DeXe Faces Increased Short Pressure as Price Approaches $12.8

DeXe is experiencing heightened short pressure following a notable sell-off, with prices nearing the critical level of $12.8. This situation has led to increased speculation about a potential rebound as investors assess market sentiment. Analysts are closely monitoring trading volumes and positions as shorts tighten their grip, suggesting continued

White House Cautions ICBA on CLARITY Act Delays Due to Roadblocks

White House Cautions ICBA on CLARITY Act Delays Due to Roadblocks

The White House has expressed concerns over the potential delays faced by the CLARITY Act, citing multiple roadblocks including yield issues, ethics provisions, and developer protections. As the legislative markup approaches in May, these complications could hinder the Act’s progress. The ICBA has been warned that such obstacles could