July 22, 2023

Dr. Johnson has said that the chief glory of a country arises from its authors. But then that is only as they are oracles of wisdom unless they teach virtue, they are more worthy of a halter than of the laurel.

-Jane Porter

Crypto NFTs, once the shining star of the digital world, are now experiencing a dramatic practical level downfall in popularity. This report unveils the truth behind their fading allure and delves into the reasons behind this unprecedented decline. From overpriced digital artwork to a saturated market flooded with countless knockoffs, it seems the hype surrounding Crypto NFTs is finally losing its grip. Dive into the full report to uncover the shocking reality of a once-booming industry struggling to keep its head above water.

Source: bitcoinik

Despite regulatory pushback and market chaos, Uniswap's UNI token defies odds and skyrockets by a staggering 66%. With the development of Uniswap's 4th version underway, the decentralized exchange appears to be a shining star amidst the darkness. Even as the US government tightens its grip on DeFi protocols, the UNI token shines brighter than its competitors, leaving investors and crypto enthusiasts astonished. Will Uniswap continue to defy skeptics and pave the way for the future of decentralized finance? Only time will tell.

Source: crypto-news-flash

In a surprising twist, cybersecurity firm Decurity faced unexpected hurdles after uncovering a security bug. After reporting the flaw, the company found itself entangled in a dubious encounter with DxSale. With friction brewing between the two entities, details surrounding the incident remain elusive. Decurity's diligent effort to secure systems instead led to murky waters, leaving experts questioning what transpired behind closed doors. The incident serves as a stark reminder that even well-intentioned bug disclosures can sometimes create unexpected challenges, potentially casting a shadow on the collaboration between security firms and platforms alike.

Source: cryptopotato

In a groundbreaking shift, liquid staking tokens are taking over as the top choice for decentralized finance (DeFi) collateral across multiple networks. Native tokens are being overshadowed by the rising popularity of these versatile tokens, which offer increased liquidity and flexibility. As investors embrace this innovative concept, the demand for liquid staking tokens has skyrocketed, disrupting traditional norms within the DeFi landscape. With their ability to generate rewards while remaining accessible for other purposes, these tokens are revolutionizing the way collateral is utilized, signaling a promising future for decentralized finance.

Source: ambcrypto

Maker (MKR) token has seen a surge of 26% in the past week, coinciding with the introduction of a token buyback program by decentralized finance (DeFi) lending platform MakerDAO. The buyback program, called the Smart Burn Engine, aims to remove MKR tokens from the market, strengthening the token's value and governance. MakerDAO is also diversifying its revenue streams by investing its DAI reserve assets into traditional financial products, and the platform is undergoing upgrades and transitioning to smaller autonomous organizations. Despite a recent decrease in price, the token buyback program has shown promising results, attracting investor interest.

Source: newsbtc

"Fantom's TVL sinks to lowest point in two years following a devastating Multichain Bridge hack!" The Layer 1 blockchain platform, Fantom, is facing a major setback as its Total Value Locked (TVL) hits rock bottom. After the recent security breach on the Multichain Bridge, the project is in a state of crisis, struggling to recover and regain users' trust. With its TVL at its lowest point in two years, Fantom must now take swift action to address the aftermath of the hack and restore confidence in its platform.

Source: ambcrypto

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