A recap of notable news from the week.
DeFi News From Last Week
Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.
September Report from Binance Research and Binance Labs
Binance Research and Binance Labs recently collaborated on a September Report that explored the state of Decentralized Finance (DeFi) in the BNB Chain ecosystem, with a more narrow focus on how the chain has responded to a declining market.
The report included data on total transactions, the Total Value Locked (TVL) on BNB Chain, trading volume, individual leading projects’ performance, as well as the rise of liquid staking.
Read the summary of the report here.
BNB Chain Pauses Activity After Attacker Makes Off with $100-110 Million in $BNB
In a series of events that unfolded rapidly, an attacker exploited a flaw in the BSC Token Hub cross-chain bridge to create 2 million new $BNB and attempted to send it off-chain. BNB Chain froze all activity on-chain, which limited the damages to around 20% of the total new $BNB making it off-chain. This caused a minor panic in the community, with the price of $BNB dropping as much as 13% before slightly bouncing back.
Read more about the initial exploit report in this article. Check out our follow-up with more details about BNB Chain’s response here.
Here’s How to Stake Your Floki Tokens with DODO on BNB Chain and Ethereum
Floki recently rolled out $FLOKI staking using the DODO exchange on both BNB Chain and Ethereum. The Floki community showed their appreciation by locking in around $2 million in the span of just 24 hours.
While staking is a very popular way to earn passive income, it can differ from platform to platform. This article is an explainer on how users can stake $FLOKI on DODO, with explanations for both BNB Chain and Ethereum users.
Read about how to stake $FLOKI on DODO here.
How Vulnerable Are Yield Farms? Past Exploits, Steps to Improve Security
Yield farming is an excellent way to earn income in crypto while simultaneously helping to keep the ecosystem running, leading to a rise in its popularity. However, with that rise in popularity has come a series of exploits, leading some to question how safe it is to use yield farms.
This article explores a common vulnerability shared by many exploited projects, an error in the MasterChef smart contract that the projects were using as basis for their own smart contracts. The article also dives into what projects are doing to combat these exploits, sharing some of the strategies used by platforms like Curve Finance and GarudaSwap.
Read more about the vulnerabilities and how projects are addressing them here.
More Than a Memecoin? Shiba Inu to Launch Shiba Eternity Game
The sudden explosion of Dogecoin during the latest bull run saw a new niche pop up in crypto - memecoins. These lighthearted projects often focused on marketing and community, meaning that when market conditions turned sour, many projects died out due to a lack of utility.
It initially appeared that Shiba Inu, perhaps the most successful of these projects outside of Dogecoin, would also follow this pattern. However, Shiba Inu has made strides to shed the ‘meme’ label, with an example of this effort found in the upcoming Shiba Eternity Game.
Read more about the upcoming offering from Shiba Inu here.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Related News
Raffle Coin (RAFF) Presale, Tipped for 100X, Draws OKB (OKB) and Cronos (CRO) Investors to Its Raffle Platform
Offering transparent governance and promising a 100X return opportunity, analysts anticipate Raffle Coin's potential to become a "blue-chip" cryptocurrency.
The spotlight this time goes to Raffle Coin (RAFF) in the dynamic cryptocurrency market for being an upcoming decentralized raffle platform that looks set on a path of exponential growth. Raffle Coin (RAFF) is one of those projects where its presale has been noticed by not only individual investors but also established projects like OKB (OKB) and Cronos (CRO) amid whispers of a possible 100X opportunity.
Let's dive further to understand what makes Raffle Coin (RAFF) an interesting contender in decentralized finance (DeFi).
OKB (OKB): Navigating Low Volatility in the Crypto Market
OKB (OKB) is comparatively one of the calmer ones, showing its latest 3.47% rise to $59.64 compared with its peers. OKB (OKB) receives a Volatility Rank of 24 from InvestorsObserver, which, paired with its counterparts, leaves it in room for the bottom 24% of cryptos. This translates to less consistent, narrower price swings and Trading near resistance levels; OKB (OKB) faces potential selling pressures ahead despite its stable performance.
Cronos (CRO): Paving the Way for DeFi Adoption
Cronos (CRO) is one of the blockchain platforms emerging as a trend with the easing of the DeFi applications. Currently trading at $0.1454, with a year that has seen spectacular rises and positive momentum from the previous 7 Days, Cronos (CRO) is high on interest as a token, seeing significant adoption and volume on sites like KuCoin.
Raffle Coin (RAFF): A Decentralized Raffle Revolution
Raffle Coin (RAFF) has been the talk of excitement in the crypto space, with the presale being said to present one of the best opportunities for a 100X return. Designed to suit individual and institutional investors alike—including, but not limited to, OKB (OKB) and Cronos (CRO)—Raffle Coin (RAFF) offers leading and decentralized governance in its entirety with a completely clear reward structure.
At just $0.020 per token, there is no doubt that, in the presale stage, Raffle Coin (RAFF) will be luring investors for huge returns as it snowballs. Analysts and enthusiasts alike are waiting for Raffle Coin (RAFF) to become a "blue-chip" cryptocurrency, considering the strategic partnerships and features developed to be user-centric.
Conclusion
The high return presale of Raffle Coin (RAFF) is calling the attention of investors in the crypto space. With an innovative model, strategic partnerships and a fast-growing community, Raffle Coin (RAFF) is poised to carve its name in DeFi history. In this respect, from the unfolding of the project, it is clear that Raffle Coin (RAFF) is more than a cryptocurrency but a change engine for the decentralized platforms and the raffle world.
Find out more about the Raffle Coin (RAFF) presale by visiting the website here.
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $300. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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