Bitcoin News Official TheBitTimes.com

The Ethereum network recently witnessed some of the highest Maximal Extractable Value (MEV) reward blocks in history, following a vulnerability on the Curve Finance platform. This event significantly reward ed MEV bots that front-ran transactions during the defi crisis, leading to an unprecedented rise in MEV incentives. Ethereum (ETH) core developer “eric.eth” disclosed in a tweet on July 31 that the MEV reward s that day were amongst the largest in the blockchain’s history. Today has produced some of the largest MEV reward blocks in Ethereum’s history. Slot 6,992,273: 584 ETH Slot 6,993,342: 345 ETH Slot 6,992,050: 247 ETH Slot 6,993,346: 51 ETH — eric.eth (@econoar) July 30, 2023 This came on the heels of a significant vulnerability detected and exploit ed on July 30, enhancing the MEV opportunities for Curve Finance’s stable pools. You might also like: BSC suffers $73k Vyper attack following Curve Finance exploit Following the turmoil,...

Sui was accused of dumping locked and non-circulating staked SUI tokens on Binance. Sui Foundation — the team behind the Sui network and its native SUI token — has denied allegations that the firm un locked SUI staking rewards and “dumped” them on cryptocurrency exchange Binance . The Foundation knocked back the claim in a five-part Twitter thread on June 27, stating that none of the locked or non-circulating tokens, including SUI staking rewards had been sold: "Sui Foundation has not sold staking rewards or any other tokens from locked and non-circulating staked SUI on Binance or otherwise." "All insider token allocations remain subject to and compliant with their lock ups and other restrictions on transfer,” the foundation added. The purpose of this communication is to share information regarding the tokenomics of the Sui Network including the SUI token supply and certain distributions of SUI tokens. Here’s what you need to know: — Sui Foundation (@SuiFoundation...