Moondogs Launches Native NFT Marketplace on Core DAO Blockchain

Summary of the week in DeFi

As the DeFi and crypto space continues to evolve at a rapid pace, it is important to stay informed about the latest developments and trends. Our weekly roundup gives you a concise yet comprehensive overview of the most important news and trends in the DeFi and crypto space, helping you stay informed and up to date with the latest happenings.

Crypto Exchange Hotbit Shuts Down CEX Operations

In a heartfelt message to its users, Hotbit, a popular cryptocurrency exchange with 5 million users, announced that it is shutting down all CEX operations, and is urging users to withdraw all remaining assets from the exchange by June 21.

Learn more in this article.

Binance secures first Southeast Asian license in Historic Move

Thailand’s SEC has granted Binance, the world’s largest cryptocurrency exchange, its first license in Southeast Asia. This approval enables a partnership between Binance and Gulf Energy Development, a leading Thai power producer, to establish a digital asset exchange and brokerage business. The joint venture, called Gulf Innova, will be launched in the fourth quarter of 2023.

Find more information here.

Euro Coin on Avalanche: Circle’s Game-Changing Move to Enhance Euro Liquidity

Circle recently unveiled Euro Coin on the Avalanche Network, making it the latest Circle-based product to cross-chain. The move aims to improve euro liquidity and provide a more user-friendly option for users worldwide who wish to engage in euro transactions, adding to USDC’s existing USD functionality.

Learn more in this article.

Major Security Flaw Uncovered: Jump Crypto Reveals Critical Vulnerability in Celers State Guardian Network

Blockchain security firm Jump Crypto discovered a critical vulnerability in the Celers State Guardian Network (SGN), a blockchain for cross-chain communication. The flaw could have allowed a malicious validator to compromise the entire network, including the popular Celer cBridge with a TVL of $130 million. Jump Crypto reported it to Celer, who quickly fixed it, and no exploit was discovered.

Get details in this article.

STEPN’s integration of Apple Pay signals a new era for Web3 and mass adoption

Earlier this week, Web3 move-and-earn platform STEPN became the first blockchain gaming app to integrate Apple Pay. The achievement is significant for STEPN and the entire Web3 ecosystem. With Apple Pay integration, STEPN users can now make secure and convenient in-app purchases of STEPN products without the need for a separate crypto wallet.

Find more information here.