Ethereum's Shanghai upgrade: public test network to be released by the end of February
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Crypto.com DeFi Wallet now enables card payments via Crypto.com Pay. Balancer warns LPs to withdraw liquidity ASAP. Critical vulnerability found in Polkadot, preventing potential US$200M loss.
Weekly DeFi Index
This week’s market cap, volume, and volatility indices surged significantly by +14.65%,+37.61%, and +18.22%,respectively.
- MakerDAO (MKR) regained the leading position among DeFi protocols with the highest TVL, taking the top spot from Lido (LDO). An increasing interest in MKR was seen last week. This resulted in its volume growing from 14 million to 38.6 million in the last seven days, as reported by Santiment.
News Highlights
- Crypto.com DeFi Wallet has integrated Crypto.com Pay, which enables users to seamlessly buy crypto with their credit or debit card, alongside existing payment methods. Users are not required to have a Crypto.com App to make their purchase. Read more about this on Crypto.com.
- In its latest core developers call, Ethereum’s developers agreed it will go ahead with releasing a public test network as part of the Shanghai upgrade by the end of February. This upgrade will focus on ETH staking withdrawals and will not include any EVM Object Format changes as previously proposed.
- DeFi protocol Balancer issued a warning to its liquidity providers to remove their funds from five pools as soon as possible, where around US$6.3 million of funds are at risk.
- An Immunefi researcher known as ‘pwning.eth’ reported a critical vulnerability that affected three Polkadot parachains (Moonbeam, Astar Network, and Acala), avoiding a potential loss of about $200 million. The bug was found in June 2022 via a software called Frontier, and was only disclosed by Immunefi to the public recently.
- Due to a bug in the validator client’s latest test release version 1.14, Solana Foundation’s Remote Procedure Call (RPC) endpoints went offline. RPC endpoints are the nodes that act as a gateway for dApps and wallets to the blockchain. Solana said that the incident did not affect block production but also urged those operating a node on a test release version to change over to 1.13.
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