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OKX Launches Compound v3 (Arbitrum) USDC Earn Product
cryptocurrency

OKX Launches Compound v3 (Arbitrum) USDC Earn Product

OKX introduces Compound v3 (Arbitrum) USDC Earn product, offering users on-chain rewards starting July 3, 2024.

UK Advancing Towards a Digital Pound: Exploring CBDC Feasibility
cryptocurrency

UK Advancing Towards a Digital Pound: Exploring CBDC Feasibility

The UK's Bank of England (BoE) and HM Treasury are advancing into the second phase of exploring the feasibility of a digital pound, also known as "Britcoin." A final decision is yet to be made, with a focus on user privacy and coexistence with cash.

Radiant Capital Suffers $4.5M Flash Loan Attack
cryptocurrency

Radiant Capital Suffers $4.5M Flash Loan Attack

Radiant Capital was hit by a $4.5M flash loan attack due to a known codebase rounding issue, leading to a temporary pause in their Arbitrum market operations.

Compound Founder's New Venture Superstate To Bridge Traditional and Blockchain Finance
cryptocurrency

Compound Founder's New Venture Superstate To Bridge Traditional and Blockchain Finance

Compound's Founder and CEO, Robert Leshner, has announced the launch of a new venture, Superstate (@superstatefunds). "Superstate's mission is to create regulated financial products that bridge traditional markets & blockchain ecosystems," said Leshner, signaling a significant shift in the financial industry.

UK lacks expertise for central bank digital currency
cryptocurrency

UK lacks expertise for central bank digital currency

UK is unlikely to issue a central bank digital currency (CBDC) as the Bank of England lacks the necessary technical skills, according to Jon Cunliffe, the deputy governor. The BoE plans to partner with the private sector to test a digital pound in a simulated environment, with the aim of gaining the required expertise to develop a working prototype.

Altcoin Watch: Top 3 Tokens to Watch This Week XRP, ALGO, and COMP
cryptocurrency

Altcoin Watch: Top 3 Tokens to Watch This Week XRP, ALGO, and COMP

With the general regressive pathway of major digital assets, here are some of the altcoins to watch this week.

Compound Treasury Launches Borrowing for Institutions
cryptocurrency

Compound Treasury Launches Borrowing for Institutions

Institutions will now be able to borrow loans from Compound Treasury using Bitcoin, Ether, and supported ERC20 tokens as collateral.

DeFi Lending Protocol Compound Launched its Compound III Version
cryptocurrency

DeFi Lending Protocol Compound Launched its Compound III Version

Defi lending protocol Compound announced that Compound III (V3)was officially launched on the Ethereum mainnet.

DeFi Remains One of The Biggest Losers in H1
cryptocurrency

DeFi Remains One of The Biggest Losers in H1

The crypto winter is almost wearing off based on several indices, and looking back to the outlook in H1, the ecosystem of DeFi can be tagged as one of the biggest losing sectors in the industry.

Celsius Makes More Repayments and Withdrawal: Sources
cryptocurrency

Celsius Makes More Repayments and Withdrawal: Sources

According to tracker Etherscan, Celsius repaid $78.1 million worth of USDC stablecoin to Aave and $35 million worth of stablecoin DAI on the platform Compound.

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