Welcome to Finance Redefined, your weekly dose of essential decentralized finance insights — a newsletter crafted to bring you the most significant developments from the past week.
Are centralized exchanges becoming the main target for crypto hackers? A 900% year-over-year increase in losses incurred by CEXs suggests so.According to cybersecurity firm Cyvers’ mid-year Web3 security report, the total volume of stolen crypto funds in 2024 is approaching $1.4 billion as centralized exchanges emerge as the new ground zero for exploits.
If the community approves the SNIP, Starknet staking is expected to go live on testnet soon, followed by the mainnet launch in the fourth quarter. According to a press release shared with Cointelegraph, the toolkit enables developers to create decentralized applications and protocols that offer new user experiences.
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Web3 users hit 10M in Q2, MetaMask to enhance security: Finance RedefinedThe second quarter saw a record number of Web3 unique daily active wallets, but DappRadar cautioned the growth may be due to temporary airdrops.
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