Emerging blockchains are trying to build a new DeFi ecosystem away from Ethereum. While Ethereum is still the top base layer for DeFi, increased traction for protocols like Band and Kava is indicative of strong demand for cross-chain DeFi.

Nearly $5 billion of tokens are locked in DeFi protocols on Ethereum. In 2019, almost every new DeFi dApp was launched on Ethereum.

A second reorg attack hit the Ethereum Classic blockchain in the last week. After two consecutive blows to the blockchain’s immutability, the community needs to rally to find a viable solution to restore trust in the blockchain.

Today, the Ethereum Classic chain suffered from its second blockchain reorg in five days. The order and contents of over 4,000 blocks were shuffled around.

Set Protocol aims to shake up the financial services industry by giving retail investors easy exposure to investment strategies created by seasoned traders. The imminent release of v2 will allow fund managers to open source complex investment strategies that anybody can invest in.

Even though EOS has been relatively dormant, one technical index estimates prices may soon face extreme volatility.

Developer David Burkett has shared an update on his work to implement Mimblewimble on Litecoin. The upcoming feature will introduce optionally private transactions for LTC users.

Ripple revealed that it ramped up its XRP sales last quarter, which may lead to a steep correction based on different fundamental and technical metrics.

The Ethereum Foundation has put forth a plan to finally launch ETH 2.0. Investors welcomed the news, and have responded by accumulating a massive number of tokens over the past few hours. The increasing buying pressure may lead to new yearly highs despite the stiff resistance that lies ahead.

Opyn, a protocol offering options for ETH, DeFi tokens, as well as insurance on Compound deposits, was hacked. At least 371,260 USDC were lost because of the double-spend attack on its Ethereum put options.

Only ETH put contracts were affected by the attack. The hacker used an exploit in Opyn protocol’s options tokens (oTokens) to steal collateral from users who sold these ETH puts.

Chainlink continues setting new all-time highs, but different fundamental and technical metrics indicate that LINK is ready to retrace.

Chainlink captured the market’s attention following an impressive bull run. LINK was able to make a new all-time high of $9.7 on August 4 as buying pressure behind it continues to rise. The steadily increasing prices have not gone unnoticed; LINK-related mentions on different social media networks have gone through the roof.

Ripple has published its Q2 report, indicating that the firm increased its XRP sales following lower sales in Q1 2020.

Ripple sold $32.55 million of XRP in Q2 2020. That amount is 18 times greater than in Q1 2020 when it sold just $1.75 million. Ripple also paused programmatic sales to exchanges last year, meaning that Q2 sales were directed entirely at institutional buyers.