There are now more daily transactions on Ethereum layer-2 Base, which was incubated and launched by Coinbase, than on Ethereum—fueled in large part by the hype around social app Friend.tech. The latest data from digital asset analytics platform Artemis Terminal shows that daily transactions on Base hit 1.37 million yesterday while on Ethereum, they stood at little over 1 million. A lot volume appears to be from bots and spammers trying to get an edge on buzzy social app Friend.tech. Methane, a potent greenhouse gas resulting from organic matter decomposition in landfills, largely contributes to global warming. That’s because research suggests that it is 25 times more effective at trapping heat than carbon dioxide. Nodal Power captures and repurposes this leaked methane gas by combusting it in a generator to produce power. This reduces carbon emissions when compared to simply flaring off the methane, making a profit from an otherwise wasted resource while keeping the atmosphere cleaner. The DeFi platform Balancer (BAL) disclosed a vulnerability affecting several of its pools in a statement published on Aug. 22. In that post, Balancer Labs said that the vulnerability in question had not been exploited and said that 80% of the issue had been mitigated. However, the project acknowledged that a small amount of funds — amounting to about 4% of its total value locked (TVL) — are still at risk. Data from DefiLlama says that Balancer currently has a TVL of $691 million, meaning that roughly $27 million is at risk. In response to the issue, Balancer’s Emergency SubDAO enabled proportional exit from affected pools and paused certain pools. Balancer urged users to migrate funds to safe pools or withdraw their funds; it also urged liquidity providers to exit at-risk pools. Balancer has seen significant withdrawals following its announcement. Roughly $149 million has been withdrawn from Balancer’s TVL over the past several hours, though it is unclear whether those funds were removed from the at-risk pools. The project has not yet published a full post-mortem of the vulnerability, nor has it revealed the source from which the first report originated. Binance says it follows global sanctions rules and has no banking relationships anywhere for its peer-to-peer service. Binance Holdings Ltd., the world’s largest cryptocurrency exchange, on Wednesday denied that it continues to help a significant amount of Russian funds move abroad through crypto transactions — despite a conflicting claim by The Wall Street Journal on Tuesday. Crypto exchange Binance is sponsoring The Weeknd’s “After Hours Til Dawn” tour in Australia and New Zealand later this year, according to an Aug. 22 statement shared with CryptoSlate. This leg of the tour is planned for November and December and is geared to enhance the fan experience by integrating novel web3 technologies. Binance users in Australia and New Zealand will enjoy exclusive perks during the tour. Participants in the tour will receive limited-edition Souvenir NFTs (SNFTs), which grant them access to exclusive privileges, including The Weeknd’s concert and autographed merchandise, among other benefits. In addition to SNFTs, Binance has exciting plans to launch an exclusive NFT collection in collaboration with The Weeknd later this year. This collection will showcase distinctive artworks that provide holders with a range of exclusive benefits upon availability. Through digital innovation, Binance’s collaboration with The Weeknd aims to bridge the gap between creative artists and their fans. The Enter The Dimension platform offers users an immersive experience connecting with The Weeknd and presents opportunities to win concert tickets and exclusive merchandise. Rachel Conlan, Binance VP of Global Marketing, said collaborating with the musician would help “unlock the power of Web3 and champion special fan experiences.” She added that the partnership would also show how crypto and blockchain technology can improve the entertainment industry. Since the event began last year, the tour has engaged around three million fans across North America and Europe. The event had also seen active participation from the Binance community, with more than 30,000 fans joining the tour’s online challenge, while around 15,000 users also claimed SNFTs from the tour. You can find these stories and more at the link below:
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