By Shikha Singh
Aerodrome DEX Dominates Base with Over $1 bn TVL, Outpacing DeFi Giants.
Coinbase’s Layer 2 Ethereum network Base has a $2 billion TVL, indicating growing interest and investment. Decentralized Finance (DeFi), notably Aerodrome, a prominent DEX that has contributed over $1 billion to Base’s TVL, is driving this expansion.
Aerodrome leads Base’s DeFi landscape with over 50% of the TVL, topping Uniswap and Aave.
Aptos Labs Enters Japan through HashPalette acquisition.
Aptos Labs, creator of the Aptos Network, will buy Japanese NFT company HashPalette to expand in Asia.
HashPalette announced on October 3 that it will become a completely owned subsidiary of Aptos Labs and migrate its Palette Chain blockchain and apps to the Aptos Network. Upon clearance, this transaction hopes to use HashPalette’s Japanese business contacts to promote local Web3 participants, such as developers and NFT makers.
Ethereum FUD Returns as ICO Whale Offloads Another $47 mn.
As Ethereum prices fall, a whale sold off a large part of ETH from the 2014 ICO, causing additional FUD.
On October 3, Lookonchain revealed that an ICO participant sold 19,000 ETH, worth $47.5 million, in the preceding week.
More than 12,000 ETH were supplied to Kraken in late September to start selling.
Ethereum’s price has plummeted about 10% since October 1, from $2,650 to $2,365 on October 3, drawing criticism despite continued support.
Over $750 mn Stolen in Crypto Last Quarter Despite Drop in Hacks: CertiK.
In the past quarter, fewer hacking events occurred, but the overall value taken in the crypto industry grew to $750 million across 155 cases, bringing this year’s total losses to almost $2 billion—a 9.5% rise.
Phishing and private key breaches caused $668 million in damages, with phishing alone costing $343 million. August saw a Bitcoin whale lose $238 million. With $387.8 million taken in 86 occurrences, Ethereum was the main target.
This quarter, 4.1% of stolen monies were recovered, down from 14.4% in Q2. Average hack loss rose to $5.93 million, with a median of $120,529.
Metaplanet Adds BTC Holdings After Put Options Sale With QCP Capital.
The Japanese investment company Metaplanet bought 23.97 Bitcoin in an options deal with Singapore’s QCP Capital, bringing its total Bitcoin holdings to 530.72 BTC, worth $32.55 million as of October 3.
Metaplanet made 23.97 BTC selling 223 December 2024 $62,000 put options. The business seeks to profit from Bitcoin’s volatility while holding cash.
Bybit Brings Crypto-Native Investors Closer to Traditional Markets by Trading Global Indices with USDT.
Bybit now lets customers trade worldwide indexes including the China A50, Hang Seng, and Dow Jones using USDT via CFDs on MetaTrader 5 (MT5).
More diversified portfolios and sophisticated cross-asset strategies are possible with this version.
With powerful tools, high liquidity, minimal fees, and leverage, Bybit MT5 integrates crypto and conventional assets for easy trading.
You need to login in order to Like
