Solend founder reveals what happened behind the scenes during its whale liquidation event

The founder of Solend, Rooter, revealed to CryptoSlate what happened behind the scenes while the crypto looked on as it voted to take control of a user’s account in order to liquidate... Read more »

Wonderland community votes to buy $25M of ex-treasury manager tokens

The Wonderland community has agreed to buy $25 million of Sifu Vision tokens. This is coming months after Sifu was forced to quit his role as Wonderland’s treasury manager over his criminal... Read more »

Nexo claims “smear campaign” ignores its attempts to aid insolvent companies

CryptoSlate spoke to Nexo co-founder Antoni Trenchev regarding Nexo’s decision to increase insurance to $775 million, its moves to offer aid to struggling crypto firms, and the recent allegations claiming Nexo is... Read more »

Meta to end Novi crypto program by September 1

Meta has disclosed plans to discontinue its Novi pilot crypto program by September 1, according to Bloomberg. Per the project’s website, Novi services will no longer be available on its application and... Read more »

Top 10 VC firms have ownership in 38% of all unicorns

In a bid to answer the question of where does big venture capital money go to, a new analysis looked at the most recent data on unicorns. The overall number of companies... Read more »

Optimism NFT marketplace Quixotic suffers exploit following contract update

Quixotic, the largest NFT marketplace on Optimism, announced on July 1 that a recent contract update was exploited, leading to the loss of ERC-20 tokens. The team assured users that lost funds... Read more »

Blockchain lacks meaningful use cases, tech journalists tell UK lawmakers

Two journalists had a go at blockchain technology during a select committee in Westminster yesterday, June 29, Yahoo Finance reported. Addressing the House of Commons Science and Technology Committee, which convened in... Read more »

Bitcoin crashes under $20K as SEC rejects Grayscale spot ETF application

Bitcoin (BTC) fell below $20,000 after the SEC rejected Grayscale’s application to turn its Bitcoin trust into a spot Bitcoin ETF. BTC was trading at $18,934 at its lowest following the news but... Read more »

This is why WingRiders is now the leading Cardano DeFi protocol

According to DeFi Llama, WingRiders (WRT) is now the leading DeFi protocol on Cardano by Total Value Locked (TVL). The protocol currently holds 42% dominance of the chain, with $51.77 million locked.... Read more »

SBF claims smaller crypto exchanges will fail soon

FTX founder Sam Bankman-Fried told Forbes that some third-tier crypto exchanges are already insolvent and will fail soon. Bankman-Fried declined to specify these exchanges and said: “There are companies that are basically... Read more »