Daily Bits

STEPN Surges Following Integrates Apple Music in New Collaboration, More Scalable V2 Mainnet Amid Decline in User Activity

Lens, a decentralized social media platform developed by the Aave team, is set to migrate to its V2 mainnet starting October 30. Read more here.

Someone’s in for a Tweet

Network Value to Transaction (NVT) is the ratio between the market cap and entity-adjusted on-chain volume.

Binance-FTX Deal Triggers Market-Wide Selloff

Binance has signed a letter of intent to acquire FTX in a bid to bail the latter out of insolvency. Read more here.

OP Surges After Memecoins Craze on BASE Chain; Curve Finance Suffers $47M Exploit Due to Reentrancy Vulnerability in Vyper

Curve Finance, a decentralized finance (DeFi) protocol, suffered an exploit on July 30, 2023, leading to losses of over $47 million. Read more here.

SOL Surges After Neon EVM Integrates with deBridge, Pyth Network Announces Massive Cross-Chain Airdrop to Over 75,000 Wallets

Pyth Network has launched a retrospective cross-chain token airdrop targeting over 75,000 wallets across 27 blockchains and 200+ dapps. Read more here.

AXS Surges After Collab.Land Upgrades Ronin & Axie Infinity and Lunacians' Off-Season Begins; Lido Partners with Neutron and Axelar to Bring Staked Ether Tokens to Cosmos Ecosystem

Ether staking provider Lido is partnering with two projects in the Cosmos blockchain ecosystem, Neutron and Axelar, to bring its staked ether tokens (stETH) to the Cosmos network. Read more here.

LooksRare Halves Trading Rewards; Mango Markets' Exploiter Arrested

The mastermind behind Mango Markets’ $110M exploit faces charges of commodities fraud and commodities manipulation. Read more here.

ETH’s On

Ether has surpassed the $3k mark for the first time, and extended its rally to reach a new all-time high above $3,450.

The Great U-turn

The Russian government has announced its decision to recognize and regulate cryptocurrencies as a form of currency. What does this mean for the crypto market?

ARPA Surges After Launching RNG Product “Randcast”; Manta Network Launches Privacy-Focused Soulbound Tokens