Web3 active developers drop nearly 40% in one year

Weekly active developers in the crypto space dropped by almost 40% in one year as “narrative-led” developments took over the industry.  Crypto data and analytics platform Artemis Terminal shows that on March 17, 2024, the number of active developers tagged on open-source repositories in a week was 12,380. The number dropped to around 7,600 on…

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MEV bot loses $180K in ETH from access control exploit

A maximal extractable value (MEV) bot lost about $180,000 in Ether after an attacker exploited a vulnerability in its access control systems.  On April 8, blockchain security firm SlowMist reported that the MEV bot lost 116.7 Ether (ETH) because of the lack of access control. Threat researcher Vladimir Sobolev, also known as Officer’s Notes on…

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The gold standard is back — Stablecoins need to rethink what ‘backing’ really means

Opinion by: William Campbell, advisory lead at USDKG Stablecoins were heralded as a breakthrough in the cryptocurrency space as a way to marry the lightning-fast, borderless nature of digital assets with the stability of traditional currencies. They achieve this by pegging their value to reserves like fiat currencies or commodities. Stablecoins are engineered to maintain…

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First XRP ETF to Launch in US

The first-ever XRP exchange-traded fund (ETF) is set to launch in the U.S. on Tuesday under the XXRP ticker, according to Bloomberg. The leveraged product, which is offered by Teucrium, will deliver twice the daily performance of the Ripple-linked token.  For instance, if the price of XRP spikes by 10% within a single day, the…

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