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The biggest crypto exchange, Binance, is making changes to Binance Liquid Swap. They're taking down certain important liquidity pools, such as XRP, Fantom (FTM), Optimism (OP), and Decentraland (MANA).
The world's largest crypto exchange Binance on Tuesday said it is removing selected liquidity pools on Binance Liquid Swap. The crypto exchange is taking down some key liquidity pools including XRP, Fantom (FTM), Optimism (OP), and Decentraland (MANA).
The decentralized finance (DeFi) landscape has been riddled with vulnerabilities, and the recent Multichain hack has added another dark chapter to its history. Fantom, a high-performance, scalable and secure smart contract platform, has been hit hard after its colossal $1.5 billion exploit, raising questions about its future viability.
Fantom's price dropped by more than 2% in the last 24 hours. Its open interest also went down slightly at the same time.
Story Highlights The current value of Fantom is . FTM price could reach a high of $0.402 by the end of 2023. With a potential surge the Fantom price may reach a maximum of $1.922 by the year 2030. The crypto-verse has been generous enough to aspiring and innovative projects.
Fantom has engaged TRM Labs to conduct an independent investigation into July's hack. Amidst this, FTM's price rallied by over 4% in the last 24 hours.
Fantom continues to innovate despite facing challenges in its DeFi ecosystem. With planned technical upgrades and a focus on growing its developer community, the network aims for a robust and diversified blockchain ecosystem.
A popular crypto trader is updating his outlook on Chainlink (LINK) as the digital asset continues to chop around. Pseudonymous trader Altcoin Sherpa tells his 196,200 followers on the social media platform X that blockchain oracle Chainlink is likely going to take months before breaking out of a persistent trading range.
After a spike, Fantom's daily active addresses declined over the last few days. FTM, however, remained bullish last week as it was up by 2%.
The hike in volume suggests a notable increase in the utility of applications under the Fantom ecosystem. Are there other changes?
PeckShield Inc. has reported a $2.1 million loss on the Balancer platform, affecting multiple pools across Ethereum, Fantom Foundation, and Optimism Foundation. The loss, including Beethoven X, is believed to be miscalculated.
In the dynamic realm of blockchain technology, Fantom, often referred to by its abbreviation FTM, has emerged as a trailblazer with its groundbreaking, high-speed, and remarkably scalable blockchain infrastructure. With a primary focus on enhancing secure and efficient execution of smart contracts, Fantom stands poised to tackle the pressing scalability issues that have posed challenges for major blockchain networks.
SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer be shutting down its operations in September after it received a takeover offer from Power, another Fantom-based DeFi protocol. The proposed shutdown was a result of cross-chain protocol Multichain's collapse, which had a significant impact on the Fantom ecosystem.
SpiritSwap previously had its entire treasury drained due to the ongoing Multichain exploit.
Fantom has dropped to a crucial demand zone and yearly lows which is a discounted price level for bulls. But there's a caveat to it all.
A widely followed crypto analyst says that one memecoin will likely outperform dog-themed rivals Dogecoin (DOGE) and Shiba Inu (SHIB). Pseudonymous trader Altcoin Sherpa tells his 196,400 X followers that Pepe (PEPE) bounced off a critical support level at $0.00000122 and likely has more room to run.
The Fantom Foundation, a prominent player in this space, recently caught the attention of the crypto community with its intention to integrate optimistic rollups to establish a connection between Fantom and Ethereum blockchains.
SpiritSwap, a decentralized exchange (DEX) on Fantom, will cease operations from Sep.1, weeks after the Multichain hack
Fantom DEX SpiritSwap has announced that it will shut down in September after a multichain bridge attack made operations difficult.
SpiritSwap, a Fantom-based decentralized exchange (DEX), is winding down its operation after Multichain's (MULTI) hack drained its treasury of all funds, according to an Aug. 9 message on its Telegram channel. On July 14, the Multichain team closed the cross-chain protocol following their inability to reach CEO Zhaojun and effectively maintain its operation.
Over $1.5 billion of users' and enterprises' assets were held on Multichain prior to the arrest of its CEO Zhaojun He.
Last month, Celo began its pivot toward being an Ethereum Layer 2. Fantom is considering a similar move, but decries the Layer 2 terminology.
Andre Cronje and Michael Kong discuss Chinese authorities seizing $1 billion in crypto and Fantom's exploration of optimistic rollups.
The Fantom-based decentralized exchange (DEX) SpiritSwap announced it will shut down the project due to the fallout from the Multichain hack.
