Uniswap volumes bump to $2 billion after attack on DeFi project Harvest FinanceBTC $13,059 (+0.3%) • ETH $392 (-3.7%) • XRP $0.25 (-1.9%)
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Harvest Finance, a decentralized finance (DeFi) project led by an anonymous team, was attacked using a flash loan exploit earlier today leading to millions of dollars worth of FARM tokens stolen by hackers and its prices falling over 60% at press time. “The economic attack was performed through the curve y pool, stretching the price of the stablecoins in Curve out of proportion and depositing and withdrawing a large number of assets through harvest,” explained the Harvest Finance team in a tweet. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬Ethereum dev Virgil Griffith battles North Korea aiding charges against the USEthereum developer and Wikiscanner creator Virgil Griffith filed a motion last week to dismiss US government charges of him “aiding” the North Korean government, documents released last week showed. 3 critical points from JP Morgan’s bullish Bitcoin reportOn Friday, Wall Street bank JPMorgan released a report covering the latest trends in Bitcoin and cryptocurrency extensively. The anatomy of a $25m DeFi exploit on EthereumThe decentralized finance (DeFi) space has once again come under the spotlight after another hack or exploit took place. Asset manager: MicroStrategy’s $425m Bitcoin bet may become $10b in a decadeDan Tepiero, the 10T Holdings co-founder, believes MicroStrategy’s $425 million Bitcoin bet could be worth $10 billion in a decade. Ethereum hit a $46b valuation with 1 value accrual mechanism. Wait until there are threeEthereum is by far the largest cryptocurrency behind Bitcoin. Bitcoin breaking $14,000 will bring a new “regime” of market dynamicsBitcoin’s breakout this past week has captured the attention of those within this industry and those outside of it. How IOHK built Cardano from the ground upSpeaking at the third BlockDown conference, Charles Hoskinson, the CEO of IOHK, looked back at the way his company approached designing Cardano. Top DeFi coins Yearn.finance (YFI) and AAVE rip 10% higher as Bitcoin holds $13kThe past seven days have actually been quite mediocre for top coins in the decentralized finance (DeFi) space. This newly launched crypto token just pumped 1000% following Binance listingAs the DeFi market’s momentum continues stagnating, return hungry crypto investors have been flocking to presales and new token listings to try to garner massive profits in a short amount of time. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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