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Latest from Sage D. Young
Ethereum 'Restaking' Takes Shape as Next Big Trend in Blockchain Security
EigenLayer’s platform for "restaking" is designed to extend Ethereum’s pooled security from ETH stakers to other blockchain systems – a way for developers to bootstrap new networks without having to create their own communities of network validators.
Metaverse Platform Sandbox Transferred Out 60M SAND Ahead of Monday's $133M Token Unlock
As the price of SAND slid 4% in August, the Sandbox Genesis smart contract had emitted 60 million SAND tokens prior to the upcoming token unlocked scheduled for Aug. 14.
Coinbase Ventures' Strategic Investment Sends Rocket Pool Token Surging
The investment branch announced today the purchase of an undisclosed amount of Rocket Pool’s native token RPL, which has jumped more than 9% in the past 24 hours.
Aave Token Holders Voting on 2 Proposals Following Averted Curve Liquidation Crisis
The proposals, which aim to disable CRV borrowing and decrease Aave’s exposure to Curve’s native token on its Ethereum V2 markets, are responses to the liquidation pressure faced by Curved founder Michael Egorov.
Early Base Whales Have an Affinity for Meme Tokens, Nansen Says
The top 22 depositors to Base as of July 31 have allocations in a telegram trading bot token, several meme tokens and an on-chain casino token.
Aptos’ APT Token Slides Ahead of $30M Unlock
APT has decreased by over 3.2% in the past 24 hours performing worse than bitcoin (BTC) and ether (ETH), per CoinDesk market data.
Mantle Introduces New Governing Body for Treasury Management
The new layer 2 network passed a governance vote that establishes the Mantle Economics Committee as well as introduces more liquid staking into the ecosystem by authorizing liquid staking protocol Mantle LSD and the allocation of 40,000 ETH from its treasury to stETH.
Lido Attracted 10K Ether Stakers to Protocol in July
The largest staking service provider also crossed $15 billion in total value locked, a level not seen since May 2022.
Avalanche Blockchain Usage Grew in Second Quarter: Nansen
The Avalanche C Chain saw daily active address and transaction volume – two important metrics to gauge a blockchain’s health – increase significantly in the period.
Curve Founder Raises $42.4M to Pay Off $80M On-Chain Debt
Michael Egorov is under liquidation pressure following CRV’s recent price drop and Curve exploit.
