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Top Cryptic Threadz News News

Singapore-based crypto lender Hodlnaut suspends withdrawals
Business · Singapore

Singapore-based crypto lender Hodlnaut suspends withdrawals

50% Center coverage: 10 sources
Singapore-based crypto lending platform Hodlnaut has become the latest firm to suspend withdrawals, and deposits blaming market conditions and lack of liquidity. The firm also stated that it has withdrawn its regulatory license application in Singapore and as a result, it would no longer be able to offer any token swaps features.See the Story
Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report By Cointelegraph
Ethereum

Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report By Cointelegraph

100% Center coverage: 2 sources
Institutional investors are piling into Ether-based digital asset funds, which have recorded seven straight weeks of positive inflows, according to the latest CoinShares report.CoinShares Head of Research James Butterfill on Aug. 8 said the rise in market sentiment for Ether-focused products is largely due to the upcoming Merge, which is set for Sep. 19. The Merge will see the Ethereum Mainnet merge with the Ethereum 2.0 Beacon Chain, which will complete the transition from proof-of-work (POW) to a proof- of-stake (POS) consensus mechanism.See the Story
Curve Finance resolves site exploit, directs users to revoke any recent contracts
Twitter

Curve Finance resolves site exploit, directs users to revoke any recent contracts

100% Center coverage: 1 sources
The automated market maker Curve Finance took to Twitter to warn users of an ongoing exploit on its site. The team behind the protocol noted that the issue, which appears to be an attack from a malicious actor, was affecting the service's nameserver and frontend. Curve stated via Twitter that its exchange, which is a separate product, appeared to be unaffected by the attack as it uses a different DNS provider.See the Story

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