Global

Over the past week, Cardano (ADA) investors faced challenges with declining prices. Nevertheless, there was a noticeable increase in interest within the DeFi sector.

A recent uptick in the number of Ethereum addresses holding 10,000 ETH or more indicates a significant shift from asset distribution to accumulation. This trend reflects growing confidence among large investors in Ethereum's long-term viability.

According to a report by Immunefi, cryptocurrency losses due to hacks and rug pulls amounted to over $473 million across 108 incidents in 2024. In May alone, $52 million was stolen, with Gala Games and SonneFinance being the hardest hit, losing $21 million and $20 million respectively.

Avalanche (AVAX) is set to reduce the barriers to entry for launching a new subnet, aiming to attract more game development teams. Previously, creating a subnet required teams to also become validators for the main Avalanche layer, necessitating a stake of 2,000 AVAX.

Alex Labs, a developer in the Bitcoin layer-2 space, has outlined plans to regain community trust and restart its operations following a recent breach.

Day 2 of Consensus 2024 promises to be just as electrifying as the first, with a lineup of panels that tackle some of the most talked-about issues in the crypto and blockchain space. Whether you're attending in person or virtually, here are the top sessions you won't want to miss: