Zetacoin(ZET)

The Liquid Restaking Token, EZETH, has undergone a significant depegging event, plummeting from a peak of $3,279 to a low of $2,480 within the span of 24 hours. This sudden price movement has caught the attention of crypto enthusiasts and investors alike. A notable whale identified as 0xaa1, linked to […]

Brace for Impact: Renzo's ezETH Token Depeg Unleashes DeFi Chaos

The launch of governance token is part of a broader strategy that involves plans to release Solana's first layer 2 scaling solution, Zeta Markets said in the press release.

Earlier this month, Zetachain (ZETA) celebrated a significant milestone as it reached an all-time high (ATH) of $2.854. The surge marked a moment of triumph for the token, buoyed by positive market sentiment and a string of successful partnerships. However, in the past week, Zetachain has experienced a downtrend, witnessing […]

The native cryptocurrency of ZetaChain, $ZETA, has garnered significant attention within the cryptocurrency market, experiencing a remarkable surge of over 180% since its inception.  However, recent trends indicate a decline of more than 13% in its value and a notable 47% decrease in its 24-hour trading volume, prompting discussions among […]

Sushi is set to test Bitcoin swaps on 30 different blockchains using the interpretability protocol ZetaChain.

Decentralized exchange Sushi will test native Bitcoin DeFi functionality that promises to allow users to swap BTC across 30 blockchain networks.

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

[PRESS RELEASE – SEATTLE, WA, November 9th, 2023] The move will dramatically accelerate zero-knowledge development by allowing millions of developers worldwide to utilize the technological innovations. RISC Zero, developers of the leading general purpose zero-knowledge (ZK) virtual machine technology, and the team behind Zeth, zkVM and Bonsai, today announced the open-sourcing of three key technologies […]

In a recent development, LBank, a renowned cryptocurrency exchange, has stepped forward to address misleading claims by certain projects about their listing status on the platform. This move underscores the exchange’s unwavering commitment to transparency and user protection. LBank recently identified false information regarding the listing of “Zetcoin (ZET)” originating from Kirgizistan. Such incidents prompted the exchange to reiterate the rigorous processes they employ before listing any project. Here’s an overview of LBank’s Listing Standards: Verification Process: LBank stands firm on its mission to offer only the most genuine and value-driven projects to its users. Every project undergoes a stringent verification process. Details pertaining to projects, such as Zetcoin (ZET), can be verified at its specific contract address. Project Examination: This includes a thorough understanding of a project’s essence, industry trends, unique selling points, and potential for growth. Public Engagement Metrics: LBank evaluates a project based on its activity and followers across platforms like Twitter, Telegram, and Discord. Team Evaluation: The credibility of the team, their professional experience, technical prowess, and operational challenges faced are all taken into account. Product Assessment: LBank looks into the technical applications’ necessity and innovativeness, its technological progress, and how it stands in its ecosystem. Market Performance Analysis: The exchange conducts a broad review based on the number of listings on other exchanges, pricing trajectories, Total Value Locked (TVL), trading volumes, and the number of holder addresses. LBank’s dedication to its user base is evident in its meticulous selection of projects. The platform takes great lengths to ensure that only the most reliable projects are presented to its community. In light of these revelations, the general public and LBank users are advised to remain discerning and rely solely on official channels for accurate information regarding LBank’s listings. About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.

In a recent development, LBank, a renowned cryptocurrency exchange, has stepped forward to address misleading claims by certain projects about their listing status on the platform. This move underscores the exchange’s unwavering commitment to transparency and user protection. LBank recently identified false information regarding the listing of “Zetcoin (ZET)” originating from Kirgizistan. Such incidents prompted the exchange to reiterate the rigorous processes they employ before listing any project. Here’s an overview of LBank’s Listing Standards: Verification Process: LBank stands firm on its mission to offer only the most genuine and value-driven projects to its users. Every project undergoes a stringent verification process. Details pertaining to projects, such as Zetcoin (ZET), can be verified at its specific contract address. Project Examination: This includes a thorough understanding of a project’s essence, industry trends, unique selling points, and potential for growth. Public Engagement Metrics: LBank evaluates a project based on its activity and followers across platforms like Twitter, Telegram, and Discord. Team Evaluation: The credibility of the team, their professional experience, technical prowess, and operational challenges faced are all taken into account. Product Assessment: LBank looks into the technical applications’ necessity and innovativeness, its technological progress, and how it stands in its ecosystem. Market Performance Analysis: The exchange conducts a broad review based on the number of listings on other exchanges, pricing trajectories, Total Value Locked (TVL), trading volumes, and the number of holder addresses. LBank’s dedication to its user base is evident in its meticulous selection of projects. The platform takes great lengths to ensure that only the most reliable projects are presented to its community. In light of these revelations, the general public and LBank users are advised to remain discerning and rely solely on official channels for accurate information regarding LBank’s listings. About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.

Participants in the round include Blockchain.com, Sky9 Capital, Jane Street Capital, VistaLabs, Human Capital, VY Capital, CMT Digital, among other investors.

Decentralized finance platform Zunami Protocol has become the latest protocol to be hacked after confirming on Sunday that bad actors hacked its liquidity pool on Curve. The exploit led to the protocol losing over $2.1 million, according to estimates from blockchain security firm PeckShield and Ironblocks. Details Of The Hack The protocol confirmed the hack on Sunday, with security firm PeckShield confirming it as well. The protocol advised users to refrain from purchasing any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins following the attack. The protocol further added that collateral remained secure and it was investigating the cause of the exploit. “It appears that zStables have encountered an attack. The collateral remain secure, we delve into the ongoing investigation. Please do not buy zETH and UZD at the moment; their emission has been attacked.” Blockchain security firm PeckShield, in an analysis of the attack, estimated that around $2.1 million was stolen from the decentralized finance protocol’s Curve pool and put the exploit down to a price manipulation issue. “Hi @ZunamiProtocol Today’s hack leads to >$2.1m loss, and there are two hack txs involved: - tx1:https://etherscan.io/tx/0x2aec4fdb2a09ad4269a410f2c770737626fb62c54e0fa8ac25e8582d4b690cca - tx2:https://etherscan.io/tx/0x0788ba222970c7c68a738b0e08fb197e669e61f9b226ceec4cab9b85abe8cceb It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price as shown in the following figures.” Fellow security firm Ironblocks also conducted an analysis of the hack, coming to the same conclusion as PeckShield regarding the cause of the hack. In its analysis, Ironblocks explained, “The attacker took [a] flash loan from [the] balancer, then he added liquidity so he [would] be able to change the price significantly and started to trade in Zunami’s exchange. Then he removed the liquidity and changed the price, then he traded back and [returned] the flash loan and got 1,152 ETH to himself. Classic price manipulation.” Price Of Zunami USD And Zunami ETH Collapses The price of both the Zunami USD stablecoin and Zunami ETH (zETH) fell off a cliff following the exploit. The stablecoin lost its entire value, dropping 99%, while zETH dropped over 88%, dropping to $206. PeckShield also confirmed that the stolen funds had already been put through the controversial coin mixer Tornado Cash. Curve’s Recent Troubles The Zunami protocol is a yield farming aggregator for stablecoins and maintains its primary zStable pools on Curve. The protocol is managed as a decentralized autonomous organization (DAO) and promises users the “highest API on the market.” It has also stated that it has over $5 million in total value locked (TVL) on its website. According to Zunami, users can use the protocol to diversify their stablecoin portfolio and avoid the risk of crashing one of them. Curve Finance has faced multiple attacks over the past few weeks, impacting multiple decentralized finance protocols. Attackers managed to steal over $24 million worth of crypto by leveraging a vulnerability in the liquidity pools on Curve. The vulnerability was eventually traced back to Vyper, a third-party programming language being used to program Ethereum smart contracts on the protocol. At the time, Curve stated that liquidity pools not using Vyper were not impacted. “A number of stablepools (alETH/msETH/pETH) using Vyper 0.2.15 have been exploited as a result of a malfunctioning reentrancy lock. We are assessing the situation and will update the community as things develop. Other pools are safe.” The exploit put major protocols at risk, especially due to Curve founder Michael Egorov’s $168 million lending position, which was at risk of liquidation. 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.

Decentralized finance platform Zunami Protocol has become the latest protocol to be hacked after confirming on Sunday that bad actors hacked its liquidity pool on Curve. The exploit led to the protocol losing over $2.1 million, according to estimates from blockchain security firm PeckShield and Ironblocks. Details Of The Hack The protocol confirmed the hack on Sunday, with security firm PeckShield confirming it as well. The protocol advised users to refrain from purchasing any of its Zunami Ether (zETH) or Zunami USD (UZD) stablecoins following the attack. The protocol further added that collateral remained secure and it was investigating the cause of the exploit. “It appears that zStables have encountered an attack. The collateral remain secure, we delve into the ongoing investigation. Please do not buy zETH and UZD at the moment; their emission has been attacked.” Blockchain security firm PeckShield, in an analysis of the attack, estimated that around $2.1 million was stolen from the decentralized finance protocol’s Curve pool and put the exploit down to a price manipulation issue. “Hi @ZunamiProtocol Today’s hack leads to >$2.1m loss, and there are two hack txs involved: - tx1:https://etherscan.io/tx/0x2aec4fdb2a09ad4269a410f2c770737626fb62c54e0fa8ac25e8582d4b690cca - tx2:https://etherscan.io/tx/0x0788ba222970c7c68a738b0e08fb197e669e61f9b226ceec4cab9b85abe8cceb It is a price manipulation issue, which can be exploited by donation to incorrectly calculate the price as shown in the following figures.” Fellow security firm Ironblocks also conducted an analysis of the hack, coming to the same conclusion as PeckShield regarding the cause of the hack. In its analysis, Ironblocks explained, “The attacker took [a] flash loan from [the] balancer, then he added liquidity so he [would] be able to change the price significantly and started to trade in Zunami’s exchange. Then he removed the liquidity and changed the price, then he traded back and [returned] the flash loan and got 1,152 ETH to himself. Classic price manipulation.” Price Of Zunami USD And Zunami ETH Collapses The price of both the Zunami USD stablecoin and Zunami ETH (zETH) fell off a cliff following the exploit. The stablecoin lost its entire value, dropping 99%, while zETH dropped over 88%, dropping to $206. PeckShield also confirmed that the stolen funds had already been put through the controversial coin mixer Tornado Cash. Curve’s Recent Troubles The Zunami protocol is a yield farming aggregator for stablecoins and maintains its primary zStable pools on Curve. The protocol is managed as a decentralized autonomous organization (DAO) and promises users the “highest API on the market.” It has also stated that it has over $5 million in total value locked (TVL) on its website. According to Zunami, users can use the protocol to diversify their stablecoin portfolio and avoid the risk of crashing one of them. Curve Finance has faced multiple attacks over the past few weeks, impacting multiple decentralized finance protocols. Attackers managed to steal over $24 million worth of crypto by leveraging a vulnerability in the liquidity pools on Curve. The vulnerability was eventually traced back to Vyper, a third-party programming language being used to program Ethereum smart contracts on the protocol. At the time, Curve stated that liquidity pools not using Vyper were not impacted. “A number of stablepools (alETH/msETH/pETH) using Vyper 0.2.15 have been exploited as a result of a malfunctioning reentrancy lock. We are assessing the situation and will update the community as things develop. Other pools are safe.” The exploit put major protocols at risk, especially due to Curve founder Michael Egorov’s $168 million lending position, which was at risk of liquidation. 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.

The Republic of Namibia pivots on its crypto stance by introducing a law regulating the digital asset industry, ending the country’s total ban on cryptocurrencies. Last week, the Namibian government signed its virtual assets bill into law after outlawing cryptocurrencies almost six years ago. Namibia Choses Regulation Over Ban Namibia officially signed into law its Virtual Asset Service Providers Act 2023 last week. The Government Gazette published the law on July 21 after it received approval from its National Assembly on July 6 and was signed by President Hage Geingob on July 14. The law will come into force on a date yet determined by the country’s Ministry of Finance. Namibia’s first law overseeing crypto-asset-related activities assigns regulatory authority over crypto exchanges. The bill mainly aims to ensure consumers are protected, market abuse is prevented, and the risks of money laundering and terrorism financing are mitigated. The south African country maintained a ban on cryptocurrencies previously. The Bank of Namibia (BON), the country’s central bank, upholds its position that cryptocurrencies will not become legal tender. Crypto exchanges and providers that do not comply with the regulations set out in the law could face penalties of up to 10 million Namibian dollars, equal to about $671,000, and 10 years in prison. Namibia Softens Its Approach to Bitcoin The country announced in October 2022 that while Bitcoin and other crypto are not recognised as legal tender, its central bank announced it included “virtual assets (VA) and virtual assets service providers (VASP) under its Fintech Innovations Regulatory Framework in a phased approach, through its innovation hub.” The BON’s announcement clarified that retailers and traders may accept money in the form of Bitcoin if they are willing to engage with cryptocurrencies and accept the risks inherent to digital assets. At the time of its announcement, the BON said it was considering revising appropriate laws and regulations pertaining to the industry. Johannes Gawaxab, the Governor of the BON, further stated the bank was examining the viability of issuing a central bank digital currency (CBDC). Gawaxab, a long-time sceptic of crypto, argued CBDCs offer something that privately issued digital currencies do not. 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.

Namibia's virtual assets bill was put into law on Friday, according to the Gazette of the Republic of Namibia.

Dover, USA, June 26th, 2023, ChainwireMetaBlaze, a pioneering Web 3 Gaming, and AI Company, is building momentum as they approach its upcoming Q3 launch. Between strategic partnerships with household Crypto Gaming brands, a sold-out presale, and a never-before-seen AI-Integrated NFT collection, the MetaBlaze ecosystem is primed for its next evolution stage.MetaBlaze Reaches $4M Presale HardCap Despite Crypto WinterWhile the Web 3 Gaming industry has languished throughout 2022 and 2023, MetaBlaze has charged forward, going from strength to strength. Its community presale announces a filled hard cap, raising an impressive USD 4 million, with over two thousand and two-hundred holders.This achievement is a testament to the unwavering support from MetaBlaze's enthusiastic community, who are buoyed and inspired by the vision, scope, and potential exhibited by the MetaBlaze team. The Company is now looking forward to the anticipated launch of its native mblz token on September 15th, which will be available on several centralized and decentralized crypto exchanges.MetaBlaze Kickstarts Expansion with Two Key Strategic PartnershipsMetaBlaze is proud to announce partnerships with two of the most prominent Gaming Guilds in Web3.These partnerships represent a significant milestone in MetaBlaze's journey, as they bring together some of the most respected names in the gaming guilds space.MetaBlaze and Glip.gg have teamed up to positively impact the Web3 gaming space. Glip.gg is a renowned Gaming Guild with over ten million mobile app downloads. Leveraging their wealth of experience and vibrant player community, Glip.gg is poised to help MetaBlaze reach millions of players. Together, they plan to reshape Web3 gaming with MetaBlaze's innovative Craft-to-Earn and Solve-to-Earn experiences, interweaving with dynamic storytelling.MetaBlaze has also entered into a strategic partnership with IndiGG, an affiliate of the esteemed Yield Guild Games (YGG) DAO, backed by Polygon Studios. IndiGG operates as a regional subDAO, concentrating on augmenting play-to-earn prospects. Their primary objective is to engage the vast population of passionate global gamers. Through this collaboration, MetaBlaze and Indi.gg aim to bring about a transformative shift in Web3 gaming.MetaBlaze has established valuable partnerships to reach more players, elevate its game development, aiming to enhance gameplay for web3 gamers and deliver distinct MetaBlaze experiences that stand out in an increasingly competitive arena. MetaBlaze is sets a new precedent with innovative Craft-to-Earn & Solve-to-Earn mechanics, which incentivize players to showcase their creative crafting, problem-solving, and critical thinking skills. These mechanics ensure that each player's experience is just as dynamic as it is unique.At its core, the MetaBlaze ecosystem promotes interoperability and sustainability. Its unique gamenomics are designed to breathe new life into these iconic and established Gaming Guilds and reimagine the expectations of the Web 3 Gaming space, further enhancing the MetaBlaze universe, and creating a more immersive and rewarding experience for players.Unveiling The Industry's First Ever AI-Powered NFTsLaunching tomorrow, June 27th, MetaBlaze's AI MetaChip NFT brings disruptive new utility to the NFT industry. The AI MetaChip represents a significant advancement in the NFT space. It is a first-of-its-kind digital asset that enables players to metamorphose their coveted MetaBlaze NFTs into a responsive and adaptive AI-powered Galaxian Guide.The Galaxian Guide, an in-game companion, is designed to help players navigate the challenges and mysteries within the MetaBlaze Universe, experiencing and interacting with in-game content organically alongside gamers as events unfold. The Galaxian Guide provides MetaBlaze players with dynamic intelligence and guidance, unlocking their creativity, enhancing gameplay, and increasing their chances of success.Fully compatible with existing MetaBlaze NFTs, The AI MetaChip integrates seamlessly with MetaBlaze NFTs and gives players a competitive edge when navigating through mysteries and enigmas within the Universe.The Galaxian Guide reimagines the possibilities of NFT technology, incorporating AI in an unprecedented manner within the Web 3 gaming industry and enhancing gaming experiences for players.With a limited collection of only 1,000 NFTs and a full allowlist, the AI MetaChip NFT drop has generated significant interest. This ultra-limited collection presents a unique opportunity for players and collectors to seize this historic moment in Web 3 Gaming. Minting goes live tomorrow, June 27th.An exclusive offering also includes an NFT Bundle, consisting of 1 AI MetaChip and 3 MetaGoblins NFTs.Mint AI MetaChip NFTAbout MetaBlazeMetaBlaze combines AI and blockchain technology to craft immersive Web3 experiences through gaming, captivating storytelling, and purpose-driven digital assets.For more updates and news about our MetaBlaze:Official Website | Telegram | Twitter | Instagram | [email protected]

Dispersion Capital, an early-stage venture capital firm, has emerged from stealth mode and announced the launch of a $40 million fund to support startups working on infrastructure for Web3 projects. The firm already has investments in 20 companies, with a majority of them receiving follow-on financing. According to a an official press release, the venture capital firm aims to invest in startups that are developing cutting-edge infrastructure for a multichain, multi-currency, and multi-platform world, with a particular focus on Web3 and decentralized platforms. The fund has received backing from prominent organizations in the industry, including Ripple, HashKey, Wemade, Circle Ventures, Alchemy Ventures, Lightspeed, Cherubic Ventures, Forte, and NGC Ventures. This list also includes participation from individual general partners working in the Web3 space. Dispersion Capital's founder, Patrick Chang, explains that the goal of the fund is to elevate Web3 to a level similar to cloud computing. Chang highlighted the need for stronger infrastructure support in the Web3 ecosystem, particularly in areas such as onboarding, scalability, and security. "To unlock the true power of these developers and enable the creation of groundbreaking applications, Dispersion Capital is dedicated to enabling the future robust and mature infrastructure that goes beyond protocols and networks," Chang shares. Dispersion Capital's investment focus lies in funding startups working on specific layers of Web3, including fintech and gaming infrastructure, security, data, and platforms that challenge legacy industries. By supporting these startups, the venture capital firm aims to address the perceived immaturity of Web3 infrastructure and enable the development of groundbreaking applications. The timing of Dispersion Capital's launch is significant in that it comes at a time when crypto venture capital is considerably accelerating into the direction of zero-knowledge (ZK) protocols and integrations. Firms backed by Dispersion Capital working in this area include Mystiko Network, Chaos Labs (security and risk management), and ZettaBlock (Web3 analytics). While investments in Q1 2023 were down compared to the previous year, emerging markets such as privacy, data management, and security for Web3 protocols show potential for growth. This suggests that Dispersion Capital could be well-positioned to navigate regulatory uncertainty and support startups in these emerging markets. Chang is a seasoned investor with web3 credentials and nearly two decades of experience. He previously led Samsung Next's blockchain investments and played a key role in defining investments in notable web3 startups such as Dapper Labs, Flow, and Alchemy. Chang's expertise and track record have garnered support from various industry pioneers who believe in his ability to spot ambitious founders and scale the next generation of web3 infrastructure. Dispersion Capital's vision aligns with the concept of the "Dispersion Economy," which represents the evolution of the decentralized economy. The firm aims to disperse blockchain's game-changing decentralization throughout the ecosystem, making decentralized technology functional, accessible, and scalable for developers. By funding the fundamental tech layers needed for this future, the venture firm strives to empower Web3 builders and developers to deploy on dispersed, decentralized infrastructures.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.