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2023-03-04 07:27:02 Uniswap forms six-member crypto bridge assessment committee

Uniswap DAO has created a committee tasked with evaluating crypto bridge providers for future deployments of its decentralized exchange on blockchain networks. The committee will recommend a suitable bridge selection framework for future cross-chain deployments.

The new group dubbed Uniswap Bridge Assessment Committee has six members. These include Zellic co-founder Jazzy Bedi, Chaos Labs VP of Business Operations Ben O’Neill and co-authors of the Crosschain Risk Framework Ermyas Abebe and Peter Robinson. Sean Casey, CEO of Enzyme Finance protocol development at Avantgarde and David Hyland-Wood, adjunct associate professor at the University of Queensland School of Engineering, are the other committee members.

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2023-03-03 08:29:02 BUSD Supply Has Plummeted To $10 Billion Following The SEC Action

The market share held by BUSD has similarly decreased, going from almost 20% the previous year to 7.3% now. As investors changed their minds, the flight of capital helped push Tether’s (USDT) market share up to 52%. Binance Dollar (BUSD) is seeing a precipitous fall as its supply has decreased by sixty percent since the middle of February.

Because to the many rumors and speculations surrounding this stablecoin, investors are pulling their money out of the BUSD market and putting it into USDT. Binance USD (BUSD), the third largest stablecoin, is seeing a precipitous collapse as its supply has decreased by sixty percent since the middle of February. Stablecoins formerly had a market valuation of over $16 billion, but it has since shrunk to somewhere around $10 billion. Moreover, the Binance USD share in the market has shrunk to 7.3%, down from around 20% the previous year.

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2023-03-02 07:39:02 Wintermute Researcher Exposes Shocking Link Between Jane Street Wallet And UST Depeg!

Wintermute Head of Research Igor Igamberdiev, the wallet associated with the collapse of last year’s TerraUSD (UST) stablecoin may belong to trading firm Jane Street. Igamberdiev claimed that, based on transaction analysis, there is a “good chance” the wallet is related to Jane Street.

Clearpool had announced on May 3, 2022, that Jane Street borrowed 25 million USDC from BlockTower using its permissioned lending pool, and based on this, he identified three addresses belonging to the trading firm, with one, dubbed Wallet A, being of particular interest. Wallet A borrowed $25 million two weeks later before depositing it into a Coinbase wallet. Igamberdiev noted that the wallet received 84.5 million USDC from the UST de-pegger, and that it didn’t have any other interactions other than these deposits.

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2023-03-01 07:56:02 Ethereum takes step closer to Shanghai-Capella with deployment on Sepolia testnet

Ethereum developers have successfully launched the Shanghai-Capella upgrade on the Sepolia testnet, marking another step towards its mainnet release next month.At around 4:04 a.m. UTC, Ethereum core developers triggered the upgrade at epoch 56832, which took approximately 13 minutes to finalize.

The Sepolia test network is one of three testnets on which the Shanghai-Capella upgrade, also called Shapella, is being tested. Its deployment is seen as a milestone towards the upgrade's full launch on the mainnet in March. With today's launch, developers have successfully replicated the main feature of the Shapella upgrade — which is named Ethereum Improvement Proposal (EIP) 4895 — on Sepolia. This proposal aims to enable validator staking withdrawals on the network. During Ethereum's transition to proof-of-stake consensus in September 2022, also known as The Merge.

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2023-02-28 13:26:35 Trade Crypto Now pinned « Leading CryptoNews Channel Cryptocurrency Inside Crypto News Onchain analytics Market updates/insights https://t.me/Cryptocurrency_Inside No Subscription Fee Free of Advertising» Open / Comment

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2023-02-28 08:16:02 GEL Token Price Expected To Plunge As $12.79M Tokens Unlocked Tomorrow

Gelato’s GEL tokens are unlocking 44,172,450 GEL on Feb 28th, worth $12.79 Million and accounting for 1.05% of the total supply. GEL has various uses, including paying transaction fees, staking for governance, and accessing automated smart contract services.

According to Token Unlocks data, Gelato’s GEL tokens are set to unlock 44,172,450 GEL on February 28th. This will be worth approximately $12.79 million, accounting for 1.05% of the total supply of 420 million. The upcoming unlock of GEL tokens into circulation will likely have an impact on the market. Investors may want to monitor these developments closely and adjust their investment strategies accordingly. It remains to be seen how this influx of tokens will affect the value of GEL.

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2023-02-27 08:20:03 Kim Kardashian, Floyd Mayweather Urged Court to Drop the EMAX Lawsuit

The celebrities opposed the renewed case, claiming it is much similar to the one dismissed in December. The reality TV star – Kim Kardashian, the boxing legend – Floyd Mayweather, and other celebrities filed a motion to a California federal judge, asking their renewed EMAX lawsuit to be removed.

Kim Kardashian, Floyd Mayweather, Paul Pierce, Jona Rechnitz, and Giovanni Perone requested the California Central District Court to drop the amended charges, alleging that the celebrities promoted EthereumMax (EMAX) to inflate its price. Investors who lost money due to their involvement with EthereumMax (EMAX) began a legal battle against the famous people last year. They maintained that the celebrities popularized the asset on social media to boost its valuation and later sold it for profit. Kardashian, who has more than 345 million followers on Instagram.

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2023-02-26 07:30:27 Jump Crypto Attack “Reverse” Hacker To Recover 120,000 Stolen ETH

The 120,000 ETH stolen by the cross-chain Wormhole bridge in February of last year has been recovered. Oasis is an investment fund in Jump Crypto that took advantage of that error to “trick” the hacker’s wallet to transfer assets outside and get all the money back.

Oasis revealed that an attacker at the end of January 2023 used their vault solution and multisig wallet to store dirty funds and then engaged in liquid staking ETH after being reported by a white hat hacker to have discovered a flaw related to the design of access to multisig. On February 16, 2023, Oasis decided to take advantage of that bug to “trick” the hacker’s wallet into transferring assets out outside and got all the money back through a series of transactions made on February 21.

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2023-02-25 07:14:02 Eclipse Launches Game-Changing Layer 2 Blockchain For Polygon Network

Eclipse has revealed plans to release a new blockchain called Polygon SVM that is built for the Polygon network and is Solana-compatible. Eclipse received $15 million in a pre-seed funding round in September and is a portfolio company of Polygon Ventures. It is also a grant recipient of the Solana Foundation.

The release of the Polygon SVM testnet is expected in Q1 of this year, with the mainnet following in Q2. The blockchain is designed to use SeaLevel Virtual Machine (SVM), a computing environment that enables Rust-based Solana apps to be deployed on other blockchains like Polygon. The Polygon network’s Avail data availability protocol will serve as the base layer for its Rollup, and the blockchain will communicate with both Polygon’s main network and Ethereum through cross-chain bridges. Eclipse received $15 million in a pre-seed funding round in September.

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