Daily Bits
🦝 BadgerDAO suffers a $120 million loss from a front-end attack.
The last line of defense at $47k has successfully held incoming bears at bay.
A major use case for dollar-pegged stablecoins is to serve as a proxy to fiat on crypto exchanges, thanks to their low price volatility.
Google Cloud Computing has formed a team dedicated to back-end services for web3 applications. Read on here.
The U.S. SEC will take on the reins to oversee and propose regulations for the stablecoin market.
Crypto Apps saw a surge in downloads after Super Bowl Sunday. Find out more here.
How will StarkNet contribute to existing L2 scaling solutions? Read to find out more.
NFT marketplace Magic Eden is set to roll out code allowing NFT creators on the platform to enforce creator royalties on new collections. Read more here.
The Volatility Shares' 2x Bitcoin Strategy ETF is set to become the first leveraged crypto ETF in the US after the SEC allowed it to go effective. Read more here.
Ethena Labs' native token, ENA, saw a 15% increase in value to $1.26 after the DeFi protocol announced increased staking rewards in its "season 2" update.