Analyses

Daily News Summary 3/7

July 3, 2024 Tóth Balázs
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Aave Launches New Stablecoin

The Aave decentralized autonomous organization has announced the launch of its new GHO stablecoin on the Arbitrum blockchain. This product launch is part of its cross-chain expansion strategy, with the hope that accessing the Arbitrum blockchain will increase the protocol’s adoption. Assets available within the Aave Protocol can also be used as collateral for GHO.

Bittensor Under Attack

The developers of Bittensor (TAO), a decentralized artificial intelligence project, have shut down the blockchain following a hacker attack that drained multiple wallets. Transactions are currently suspended to allow the team to investigate the attack. So far, the damage amounts to approximately 32,000 native Bittensor (TAO) tokens, equivalent to 8 million dollars.

Animoca Brands Plans Developments with Gala Games

Gala Games and Animoca Brands have jointly announced that they have signed a significant cooperation agreement to increase the use of the GALA token. The game software company and the venture capital investor Animoca Brands will collaborate on numerous developments, including providing liquidity services and facilitating the stable trading of GALA tokens in the crypto market.

Chainlink Partners with Fidelity and Sygnum Bank

The decentralized oracle provider Chainlink has announced a collaboration with Fidelity International and the crypto bank Sygnum on a project focused on bringing net asset value (NAV) data on-chain. This partnership will provide transparency and accessibility to the NAV data of tokenized assets. The technology facilitates the secure storage and automatic synchronization of tokens’ NAV data on the ZKsync blockchain, which is part of the Chainlink SCALE program.

Consensys Acquires Wallet Guard

Consensys, the developer of MetaMask, has acquired the crypto security application Wallet Guard, which offers a browser extension for identifying real-time scams. The goal of the acquisition is to enhance the security of the popular MetaMask crypto wallet. The capabilities of the browser extension and its security engine will be integrated to protect users’ wallets, digital assets, and data from theft, scams, and fraud.
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