Leading stablecoin issuers Tether and Circle have announced they will be supporting Ethereum’s transition to a Proof-of-Stake consensus after the Merge upgrade, labeling the transition as one of the “most significant moments in blockchain history.”
Decentralized Finance (DeFi) protocol Curve.Finance has been hacked for around $570,000 after a hacker or group of hackers managed to change the protocol’s domain name system (DNS) entry to forward users to a fake clone with a malicious contract.
Nasdaq-listed cryptocurrency exchange Coinbase has reported a 63% decline in revenue for the second quarter of the year. The company’s revenue in Q2 was $808 million, down from $2.2 billion a year earlier.
Top stories in the Crypto Roundup today:
- Leading Stablecoin Issuers Support Post-Merge Ethereum
- DeFi Protocol Curve.Finance Hacked for $570,000
- Coinbase Reports 63% Revenue Drop in Q2