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DWF Ventures Provides Insight into LRT Protocol Growth and Farming Opportunities

DWF Ventures delves into the rapid growth of the Liquid Restaking Token (LRT) protocol, revealing a staggering eightfold increase in Total Value Locked (TVL) to reach $3.3 billion over the past month. The overview encompasses statistics for 14 projects, including Etherfi, Puffer, and KelpDao, offering insights into assets, project stages, TVL metrics, and potential airdrop opportunities. With attention shifting back to Ethereum ahead of EIP-4844, the focus intensifies on @eigenlayer and restaking, paving the way for an exploration of the LRT ecosystem and emerging farming prospects.

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SEC Adopts New Rule to Regulate Crypto Market Participants

The SEC’s new rule tightens its grip on the crypto market by requiring significant market makers, including those dealing with cryptocurrencies, to comply with federal securities laws. This move has implications for transparency, investor protection, and the evolving DeFi landscape.

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Shimmer Launches $1 Million Airdrop to Boost ShimmerEVM Ecosystem

The Shimmer Growth Committee is incentivizing participation in the ShimmerEVM ecosystem with a massive airdrop of over $1 million worth of Shimmer tokens. Starting January…

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Hacker Drains $6.4 Million From Abracadabra Finance in a Recent Security Breach

Abracadabra Finance, a DeFi platform, has suffered a security breach resulting in a loss of over $6.4 million. The attack exploited a flaw in the platform’s smart contract, allowing the attackers to borrow tokens without collateral.

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Coinbase Adds Aerodrome AERO and Velodrome VELO to Its Listing Roadmap

Cryptocurrency exchange Coinbase has added two new digital assets, Aerodrome Finance (AERO) and Velodrome Finance (VELO), to its coin listing roadmap. This move signals the exchange’s commitment to diversifying its offerings and catering to emerging trends within the decentralized finance (DeFi) space.

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DeFi Protocol 1inch Screens Millions of Wallets for AML Risks

Since 2022, the DeFi protocol 1inch has been screening millions of wallets for Anti-Money Laundering (AML) risks using TRM Wallet Screening. Hundreds of high-risk addresses have been identified, and those linked to child sex abuse material vendors, scams, and hacked and stolen funds were the most prevalent among the addresses that 1inch ultimately decided to be barred from accessing its products.

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Socket protocol retrieves most of the ETH lost in hack

On February 16, 2023, a hacker exploited a vulnerability in the Socket Finance protocol to steal over $4.6 million in ETH. However, thanks to the quick action of a white hat hacker, most of the stolen funds were recovered within 24 hours. A recent update by the Socket team says that most of the funds have been retrieved.

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Hackers Target DeFi Users, Over Half a Million Stolen

Cryptocurrency analyst ZachXBT has sounded the alarm on a phishing campaign targeting users with emails masquerading as communications from legitimate DeFi teams like Cointelegraph, Wallet Connect, and Token Terminal. This deceptive scheme has already resulted in losses exceeding $580,000, underlining the ever-present threat of cyberattacks within the cryptocurrency space.

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Coinbase Eyes DeFi with Ondo Finance (ONDO) Listing

Coinbase is prepping for a DeFi dance, adding Ondo Finance (ONDO) to its listing roadmap. With over 85% of ONDO tokens locked and ready to tango, the stage is set for a potential DeFi revolution on the crypto exchange giant’s platform.

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Hong Kong Crypto Firm HashKey Secures $100 Million, Vaults Past Unicorn Mark

Hong Kong’s crypto unicorn just galloped into a new pasture! HashKey Group, boasting the city’s second licensed exchange, secured a cool $100 million, catapulting its value past $1.2 billion. With venture capital, staking, and even NFTs in its saddlebag, HashKey is poised to dominate the digital asset race in Asia, leaving rivals in the dust. Buckle up, the crypto Wild West just got even wilder.

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