Radiant Capital(RDNT)

The world of decentralized finance (DeFi) is experiencing a surge in lending protocols, with Radiant Capital ($Rdnt) leading the pack with an impressive 188% surge in coin performance in 2024. Notably, $QI, $SILO, and $WELL are following closely, each experiencing over 100% growth. Among lending protocols in the DeFi space, […]

Today, reports from BeosinAlert reveal that Radiant Capital fell victim to a flash loan attack, resulting in a substantial loss of $4.5 million. The attack exploited a vulnerability in the contract, specifically manipulating the index parameter, which, later on, served as a denominator. Radiant Capital @RDNTCapital was under a flash […]

The protocol has acknowledged that the incident is attributed to an "issue with the newly established native USDC market on Arbitrum."

Cross-chain lending protocol Radiant Capital has become the latest DeFi protocol to fall victim to a hack after hackers stole 1900 ETH worth $4.5 million from the platform.

The protocol was built on the architecture of LayerZero, which raised $120 million at a $3 billion valuation earlier this year.

CoinMarketCap has released a report on the global crypto market after H1. The report delves into a general market overview, recent key events, and what it expects H2’s key themes will be. Today, CoinMarketCap, the world’s leading price-tracking website for crypto assets, released its 2023 H1 Crypto Market Analysis Report. Crypto Market Kicks 2023 Off Strong The crypto market started this year with a bang witnessing the bitcoin price doubling, the rise of L2s such as Arbitrum and ZK, and the NFT market showing signs of improvement. By the end of Q2, the global crypto market capitalization reached an impressive $1.17 trillion, marking a 48% YTD increase. Q1 and Q2, however, concluded with similar total market caps, meaning Q2 showed much less growth. Q2 was instead characterized by trends such as the “memecoin” frenzy and the rise of BRC20 tokens, which, despite being noteworthy, did not garner the same excitement as the previous quarter’s developments. Market sentiment improved significantly by the end of Q1, with the CMC Crypto Fear and Greed Index registering at a neutral 52 – a vast improvement over the start of the year, which registered a fearful 30. According to CMC’s report, the Total Spot Trade Volume of the Top 20 Crypto Exchanges peaked in March but declined by around 36% quarter-on-quarter. Top Growing Sectors Despite what can only be called challenging market conditions, certain industry sectors witnessed remarkable growth in market cap year-to-date. VR/AR (704%0 and AI & Big Data (323%) exceeded expectations, while blue-chip decentralized finance (DeFi) projects appear to be making a strong comeback. The “memecoin” frenzy saw the sector add over 260 new coins YTD, with AI & Big Data taking second place, adding 61 coins. DeFi ranked third, adding 47 new listings YTD. Bitcoin and Ethereum Developments The market’s top tokens, Bitcoin (BTC) and Ethereum (ETH) experienced several events, resulting in noteworthy price fluctuations. CMC’s Top Views CoinMarketCap saw a surge in views from the memecoin sector as $PEPE took the industry by storm. PEPE’s explosive rally of over 3700x from April to May sparked particular interest in the sector, and it joined CMC’s “Most Added to Watchlist.” Memes also registered the most engagement in CMC Community. The DeFi sector registered sustained interest throughout the year’s first half to become the second most viewed. Sector interest largely focused on Terra Classic (LUNC) as Binance burned 2.65 billion LUNC tokens, worth approximately $236,000. AI and Big Data have undoubtedly marked 2023 following the launch of OpenAI’s revolutionary ChatGPT, and it is reflected in views. Best Performing Coins Arbitrum ecosystem tokens such as Pendle (PENDLE) and Radiant Capital (RDNT) appeared to be H1’s top gainers, along with Optimist ecosystem tokens such as Velodrome Finance (VELO). Other top gainers include layer-one blockchains, including Dione Protocol (DIONE), Conflux (CFX), and Injective (INJ). AI-related tokens such as SingularityNET (AGIX) and Render (RNDR) also performed well. Key Themes for H2 CoinMarketCap identified the key themes for the second half of 2023. Bitcoin ETFs The crypto news cycle has recently been dominated by talks of Bitcoin ETFs after BlackRock, the world’s largest asset manager, filed for a Bitcoin spot ETF with the SEC. News of BlackRock’s application spurred a host of other firms, such as Valkyrie, Fidelity and 21 Shares, to announce they are also seeking ETF approval. The SEC has yet to approve any of the applications. Should the regulator grant these ETFs, they could unlock substantial investor demand by offering regulated products for asset allocation. Decentralized Public Infrastructure Networks One of H2’s key themes will be Decentralized Physical Infrastructure (DePIN). DePIN is still in its early stages of expansion and aims to provide solutions for access sharing of physical assets or services like warehousing and data networks. Real World Assets (RWAs) The tokenization of assets has become an increasing focus for the crypto asset industry. Projects focused on making RWAs tradeable on-chain largely consist of credit market protocols such as Maple Finance and Goldfinch allow businesses to use DeFi to secure financing and loans. Liquid Staking Derivative (LSDs) Liquid Staking Derivative witnessed a dramatic surge in activity in H1 owing largely to Ethereum’s Shapella upgrade. Market leaders such as Lido and Rocket Pool saw their TVLs rise 138% and 220%, respectively. By the end of June, LSD platforms secured over a third of Ethereum’s Total Value Staked. Restaking The introduction of EigenLayer – a middleware platform which allows staked ETH or liquid staked ETH tokens to be reused on the consensus layer, prompted restaking as an emerging theme in H1. Restaking was in demand after EigenLayer’s Restaking Smart Contracts were deployed and reached their maximum limits within a day of the mainnet launch. zkSync zkSync, a zero-knowledge roll-up solution, emerged as a popular Ethereum-based layer-2 solution and strong competitor against Ethereum optimistic roll-ups, including Optimism and Arbitrum. zkSync utilizes zero-knowledge technology to offload traffic from Ethereum to an efficient second layer, helping to increase Ethereum’s throughput while enabling an array of new applications. Modular Blockchains (Celestia) Most layer-1 blockchains are monolithic chains that result in issues surrounding efficiency, stemming from the blockchain trilemma of decentralization, security and scalability. Modular blockchains like Celestia address these issues by separating blockchains into three layers: execution, settlement, consensus and data availability. In doing so, modular blockchains provide developers with modular data availability and consensus layers which dApps and sidechains can leverage to bootstrap development. FTX Bankruptcy Developments After FTX collapsed, its depositors could not determine how much of the almost $9 billion shortfall could be collected during the liquidation process. In January, it emerged that more than $5 billion in liquid assets were collected, and this number subsequently increased to $7 billion. The firm overseeing FTX’s restructuring recently contacted creditors, giving them a “Customer Bar Date” of September 29, 2023. Debtors are, however, unlikely to receive a payout until at least H2 2024. Bitcoin Remains Most-Viewed Crypto Across All Regions Regional differences in interest in various crypto sectors were insignificant. Bitcoin continues as the most-viewed crypto across all regions in H1 2023, similar to data from Q4 2022. Bitcoin’s dominance over altcoins increased by 25% from 40.09% at the beginning of the year to 50.39% at the end of H1. As expected, the US continues to dominate the distribution of crypto users worldwide. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Get ready to unleash your wild side with the top meme coins to buy in town! Shiba Inu (SHIB), Floki Inu (FLOKI), and Caged Beasts (BEASTS) are prowling the crypto jungle, ready to make a meme-tastic impact. Join the frenzy as these adorable yet fierce tokens take the market by storm — keep reading! Floki Inu Embraces 8% Rise — Despite Altcoin Wounds FLOKI, also known as "Floki Inu," is making waves in the crypto world, and it's anything but ordinary! Born from the fierce SHIBArmy, this Ethereum-powered gem is capturing the hearts of crypto enthusiasts and gamers alike with its Valhalla's Open World launch in the US. Not stopping there, FLOKI is conquering the Chinese gaming market with its local alternative to Valhalla called Btok. Beyond that, FLOKI brags about its decentralized finance (DeFi) ecosystem, non-fungible tokens (NFTs), and Metaverse venture. Recently, FLOKI surged a jaw-dropping 8%, stealing the spotlight from its rival, Shiba Inu. What’s Fueling This Growth? FLOKI is making bold moves as it announced its plans to launch a crypto education platform called the University Of Floki. With the crypto user base expected to hit one billion by 2025, FLOKI is dedicated to empowering and educating the masses. But FLOKI is anything but a complacent meme token. As such, FLOKI is spreading its wings by introducing new trading pairs on the Crypto.com app. Now you can trade FLOKI alongside popular cryptocurrencies like RDNT, ACH, DAR, and ZRX. With increased accessibility and liquidity, more investors and traders are flocking to the FLOKI ecosystem. Shiba Inu: From Meme to Market Domination Shiba Inu, the beloved meme coin, has been making waves with its ambitious goals and decentralized ecosystem. Shiba Inu is wagging its tail with excitement as it creates its own layer 2 blockchain called "Shibarium" and boasts Shibaswap, its very own decentralized exchange. It has taken a big bite out of the market, sitting proudly in the top 18 with a market capitalization of over $4 billion. The competition between Floki Inu and Shiba Inu is an epic tug-of-war, where the ultimate winner will be determined by various factors, including a strong ecosystem and flourishing market conditions. At the moment, Shiba Inu is winning the game. It hosts several other tokens besides the $SHIB token, including $BONE and $LEASH, which powers its very own SHIBOSHIs NFTs. These are some of the reasons why Shiba Inu made it out of Binance’s infamous Innovation Zone. Caged Beasts and Its Searing Goals Caged Beasts is not your run-of-the-mill meme token. It's a thrilling crypto emblem of strength, commitment, creativity, and the pursuit of financial freedom. It captivates the market with its fascinating storyline centered around Rabbit 4001, a once-tortured rabbit turned mad scientist. Quick Cash: Earn a 20% Bonus via Caged Beasts’ Referral System BEASTS is taking its game to a whole new level with an exciting referral program that'll make your wallets roar with delight. Here's how it works: When you join the BEASTS community and create a unique referral code, you'll receive an instant 20% deposit of USDT straight into your wallet the minute a connection uses it. In return, your friends or family will also earn an extra 20% in BEASTS tokens. With each successful referral, your crypto treasure grows, and your network expands. Whether you're a seasoned investor or a crypto enthusiast looking to dive into the exciting world of meme coins, the BEASTS' referral game is your ticket to extra USDT rewards and an opportunity to be part of a thriving community. The Meme Coin Mania Is Here! Meme coins are more than just a trend — they have the potential to fetch remarkable returns. Whether it's Shiba Inu's moonshot potential, Floki's innovative approach, or Caged Beasts' captivating narrative, these meme coins offer a thrilling investment journey. Grab your virtual leash and let these meme-powered tokens lead you to a world of exciting possibilities! Unleash The Beasts Within With Caged BeastsWebsite: https://cagedbeasts.com Twitter: https://twitter.com/CAGED_BEASTS Telegram: https://t.me/CAGEDBEASTS Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.