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A controversial proposal to allocate $24 million of Compound Finance's treasury has sparked allegations of a governance attack by a small group of token holders, raising concerns over the protocol's decision-making integrity.

Mog Coin (MOG), Compound (COMP), and Blackjack ($JACK) have all made headlines with their respective advancements, price movements, and unique characteristics. As these cryptocurrencies continue to shape the market, investors are closely watching their trajectories to gauge future potential and opportunities. This article delves into the latest updates on these three intriguing assets.

The settlement and new staking plan could enhance Compound's governance security and tokenomics, potentially attracting long-term investors. The post Compound settles ‘governance attack' as COMP surges 7% with new staking plan appeared first on Crypto Briefing.

A new staking product will be offered instead of what Humpy and the 'Golden Boys' initially proposed.

The Compound Finance (COMP) treasury has been drained of $25 million in a recent governance attack, raising alarms about the state of decentralized governance in the decentralized finance (DeFi) ecosystem. Compound DAO Hijacked According to researcher DeFi Ignas, the attack began with an initial proposal to grant 92,000 COMP tokens, submitted without prior discussion on the Compound DAO forum.

TL;DR Golden Boys and Governance Controversy: Compound Finance, a decentralized lending and borrowing protocol, is embroiled in a governance scandal. The “Golden Boys” group is at the center of the controversy, with allegations of a governance attack.

Compound (COMP) price slipped about 6%, trading as low as $47.27 on Monday. The decline came as the community reacted to the latest news about the governance of the decentralized autonomous organization (DAO) behind the lending protocol.

A whale holding COMP tokens is helping push through a governance proposal that would allocate $24 million in COMP to a yield-bearing protocol called goldCOMP.

This announcement marks a pivotal development for New York residents. They have often faced strict regulations and limited access to various cryptocurrencies.

Robinhood has expanded its cryptocurrency offerings to New York residents, now including popular tokens like Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP), enhancing trading options on its platform. Robinhood Expands Crypto Offerings, Including SHIB and AVAX, Boosting Access for New York Traders Robinhoods listing binge continues, with the latest cryptocurrencies on the site expanding to additional locations, including dog-themed Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP), as per Coingape.

Robinhood has added support for three new tokens for traders in New York. An update the stocks and crypto trading app shared on Wednesday listed Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP) as the three new tokens its users in New York can now trade.

Beginning today, New Yorkers can trade SHIB, COMP and AVAX on the Robinhood app.

Robinhood's listing spree is still ongoing and the latest cryptocurrencies to gain further expansion to new regions on the platform including dog-themed Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP). Robinhood Hosts SHIB, AVAX and COMP in New York This listing is good news for residents of New York as they can now buy, sell,

Polychain Capital, a heavyweight in the venture capital sphere, transferred a staggering 229,468 Compound (COMP) to Coinbase Prime. This transfer amounts to roughly $20.75 million.

Binance is set to remove a select number of trading pairs from its platform on March 15, 2024, citing low liquidity and volume as the primary reasons.

Compound Finance (COMP), a top-tier decentralized financial (DeFi) lending platform that enables users to earn interest on their respective crypto assets, has grown to a heavyweight web3 platform over the past few years. Over the past four weeks, Compound's native token COMP gained more than 63 percent to trade around $88.

With the bullish start of 2024 turning lukewarm in just three weeks down the year, the buyers are preparing for the positive events ahead. The halving event, along with the potential rate cuts and improvement in the global markets, might drive the crypto market and the COMP price higher.

Despite the recent volatility spikes in the overall market, Compound price action shows a triangle pattern formation in the daily chart. The symmetrical pattern reflects a lack of volatility and compression in the COMP price trend.

In a recent security breach, the X account linked to the decentralized finance (DeFi) protocol Compound Finance, previously known as Twitter, fell victim to a significant hack. Both Scam Sniffer and Officer's Notes, X accounts specializing in security matters, reported that the compromised account was actively promoting a deceptive phishing site.

DeFi projects are investments investors should have on their radars. Here are three of the best to consider.

The cryptocurrency market is again heating up, led by Bitcoin (BTC), after the flagship digital asset reclaimed the $35,000 mark. As the short-term gains progress, there remains widespread uncertainty regarding the sustainability of the rally, with some market participants anticipating a continuation while others foresee a correction.

The group in charge of wallets associated with the insolvent crypto exchange FTX's cold storage has transferred tokens to various cryptocurrency exchange addresses. Thursday witnessed more than $19 million worth of SOL, COMP, and ETH tokens from its cold storage to different crypto exchange addresses, blockchain data indicated as reported by CoinDesk.

Amid escalating concerns over the U.S. government shutdown, the cryptocurrency market unexpectedly rallied during the final week of September. The surge was not uniform across the market; as some of the cryptocurrencies exhibited particularly strong bullish momentum.

This week has witnessed an astounding rally in the COMP price, defying the prevailing bear market sentiment.