Global #defi

In the ever-evolving world of cryptocurrency, the Solana blockchain has emerged as a leading player, renowned for its high transaction speeds and scalability. However, like any decentralized network, Solana has not been immune to the threat of malicious attacks. One such attack that has plagued blockchain platforms is the "sandwich attack," a sophisticated technique that exploits the order of transactions to manipulate prices and extract profits.

The world of Bitcoin continues to see positive developments as DeFi Technologies, a company at the forefront of decentralized finance (DeFi), has announced a significant investment in the leading cryptocurrency. This move is seen as a major win for Bitcoin and further strengthens its position in the financial landscape.

Jellyverse, an emerging player in the DeFi sector, has introduced its innovative DeFi 3.0 ecosystem on the Sei Network, marking a significant milestone for both platforms. Jellyverse has emerged as a key partner for Sei's eagerly awaited mainnet launch.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen a slight decline recently, aligning with the broader crypto market's downward trend. However, a well-known crypto analyst, Mags, anticipates a bullish 13% rally for Ethereum in the near future.

A crypto trader has gained attention in the cryptocurrency market for their significant gains within the decentralized finance (DeFi) sector. This trader managed to accumulate over $1.4 million in unrealized profits by trading the meme coin PEW on the Ethereum (ETH) network.

Acting Financial Secretary Wong Wai-lun of Hong Kong reiterated the city's commitment to establishing itself as a hub for cryptocurrency activities, aligning with its longstanding vision in this regard.

Achieving passive income through crypto investments necessitates a nuanced comprehension of the market, tailored strategies, and a prudent stance towards promises of high yields.

Over the past week, Cardano (ADA) investors faced challenges with declining prices. Nevertheless, there was a noticeable increase in interest within the DeFi sector.

According to a report by Immunefi, cryptocurrency losses due to hacks and rug pulls amounted to over $473 million across 108 incidents in 2024. In May alone, $52 million was stolen, with Gala Games and SonneFinance being the hardest hit, losing $21 million and $20 million respectively.

Veda, a new DeFi abstraction layer, has partnered with EtherFi, a prominent liquid restaking protocol. This collaboration, announced on May 30, integrates Veda's technology into EtherFi Liquid, enhancing automated yield generation strategies. Veda's infrastructure simplifies complex smart contract interactions, removing technical barriers typically associated with accessing intricate DeFi strategies.

Blocksquare, a protocol for tokenizing real estate, has revealed the tokenization of properties worth $100 million across different sectors.

LayerZero has officially launched on Solana, marking a significant step towards a more interconnected blockchain ecosystem.