
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.

To Watch This Week
AIRDROPS + ALPHAOct 13, 2023

DeFi
THORChain Soars 8% as DeFi Exchange Lifts Trading Pause
RUNE, the native token of THORChain, saw a staggering 8% overnight rise as the project resumed trading on its leading exchange THORSwap. THORSwap suspended trading last Friday after illicit funds linked to the FTX exploit in November 2022 were allegedly passed through the exchange. Services such as lending, borrowing, and staking actions remained operational. THORSwap uses the assets deposited on THORChain, a layer-1 blockchain optimized for interoperability between various blockchains, as liqui...
Apr 20, 2022

Markets
Bitcoin, Ethereum Stage Rebound as DeFi Tokens AAVE, LUNA Rally
Bitcoin and Ethereum have recovered slightly, after starting the week below $40,000 and $3,000, respectively. Bitcoin was trading at $42,067.17 and Ethereum at $3,148.42 on Wednesday morning, per CoinMarketCap; up around 3% in the last 24 hours at their peak. Since then, they have retraced to around $41,860 and $3,130, respectively—up 2% and 2.4% on the day. The two largest cryptocurrencies by market cap have been making a gradual comeback now that the deadline for U.S. investors to file their...
Apr 14, 2022

Markets
Thorchain, Compound Lead DeFi Recovery With Double-Digit Gains
Some decentralized finance (DeFi) assets are defying the broader crypto market slump with significant gains, including Thorchain and Compound. THORchain (RUNE) is up over 17% in the last 24 hours, while Compound (COMP)—up 16% in the last day—has also gained over 11% in the last week. Synthetix Network, a decentralized synthetic asset issuance protocol, is also surging, posting over 12% gains in the last day. These price moves come amid a much more lethargic market for some of the industry’s b...
Apr 6, 2022

Markets
DeFi Tokens RUNE, SNX, AAVE Tumble as Crypto Market Dips
Several decentralized finance (DeFi) tokens, including ThorChain’s RUNE and Synthetix’s SNX, saw double-digit losses in the last 24 hours. RUNE, which last week hit a four-month high of $12.90, has been on a decline since then, plunging nearly 13% over the day. As data from CoinMarketCap shows, RUNE hit a daily low of $10.06 early on Wednesday before rebounding to $10.19 at writing. RUNE underpins Thorchain, a Cosmos-based cross-chain platform that lets users swap cryptocurrencies from differen...
Mar 11, 2022

Coins
Thorchain's RUNE Token Rallies Double Digits Amid Wave of New Features
Thorchain is up over 18% in the last 24 hours, following the cross-chain DeFi project's roll-out of synthetic assets and the announcement of a launch date for a suite of new features called “Thorfi.” The project’s token has also enjoyed a healthy rise amidst this activity. On Monday, RUNE traded at $4.73, according to CoinMarketCap. Today, the price hit highs of $5.85, marking a whopping 24% increase over the past four days. Built on Cosmos, Thorchain is a cross-chain crypto platform that lets...
Oct 22, 2021

Coins
DeFi Project Thorchain Back Online, Lifting Token 18%
Thorchain, a cross-chain decentralized exchange (DEX), is back in the game again after the team spent several weeks making the network more secure and resistant to malicious attacks. Built on the Cosmos SDK, Thorchain is a protocol that aims to offer cross-chain liquidity by enabling the non-custodial trading of cryptocurrencies across different kinds of blockchains. Thorchain’s cross-chain feature is called “Chaosnet” and was released on mainnet in April. It allows users to swap Bitcoin for Eth...
Oct 5, 2021

DeFi
Cross-Chain DeFi Exchange THORSwap Raises $3.75M in Private Token Sale
THORSwap, a leading decentralized exchange (DEX) for the Thorchain ecosystem, has announced it has raised $3.75 million in a private token sale led by IDEO CoLab Ventures. Other participants in the token sale include True Ventures, Sanctor Capital, Thorchain, Nine Realms, Proof Group, 0xVentures, and Qi Capital among others. Built and maintained by a team of pseudonymous developers distributed across the globe, THORSwap is a non-custodial multi-chain DEX that offers swaps for native assets acros...
Aug 26, 2021

Markets
Avalanche, Terra, ThorChain Hit by Midweek Market Slump
Several major tokens from the top 100 suffered losses amid a pullback in the crypto market. While most of the top cryptocurrencies dipped by just a couple of percent over the past 24 hours, LUNA, the native token of algorithmic stablecoin platform Terra, saw losses of over 10% today. At press time, the token had begun to recover, currently trading at $26.70, down 7.1% on the day, according to crypto metrics platform CoinGecko. The price of RUNE, the native token of decentralized liquidity netwo...
Aug 3, 2021

Coins
Thorchain Surges 17% Leaving DeFi Tokens In Its Wake
At the time of writing, Thorchain's native RUNE token is trading at around $7.13, gaining nearly 18% in the past 24 hours and 83% in the last week, according to crypto metrics platform CoinGecko. Notably, the latest push is part of the token’s “comeback” following a series of exploits. Over the past couple of weeks the project has suffered two major security breaches that resulted in RUNE’s price plummeting from nearly $8 to below $4. On July 15, hackers drained 2,500 Ethereum (ETH) tokens (aro...
Jul 29, 2021

Markets
Thorchain Mounts 36% Recovery After Last Week’s Multi-Million-Dollar Hack
July has been a volatile month for the multi-chain DeFi project Thorchain. In the past two weeks, the project has fallen to two major hacks, which saw its native token, RUNE, fall from a local high of $7.61 down to below $4. During the second exploit, the attacker also left a note that they could’ve easily made off with much more. Instead, they “wanted to teach [a] lesson” to the Thorchain developers. The team scrambled to gather additional reviews from their audit partners, specifically Tra...
Jul 23, 2021

Business
'Critical Issues' With Thorchain After 2nd Hack in a Week
In a short message attached to a transaction, a hacker wrote that there were “multiple critical issues” with Thorchain, and that they could’ve taken much more than the $8 million that was stolen today. Instead, the attacker “wanted to teach [a] lesson” to the developers behind the protocol. Thorchain hacker included a short message with the transaction input data. Source: Discord Thorchain is a both Cosmos-based blockchain protocol and a decentralized crypto exchange akin to Uniswap, but it al...
Jul 20, 2021

Business
Thorchain, Polygon, Kusama Among Biggest Losers in Today’s Crypto Crash
Bears ruled the day today, as most digital assets dove plummeted deep into the red. Some, including Thorchain (RUNE), Polygon (MATIC), and Kusama (ENJ) fell much harder than others. At the time of writing, Thorchain’s native token is in the lead when it comes to daily losses. So far, RUNE has shed over 14.5%% of its price in the last 24 hours, trading at around $3.31, according to crypto metrics platform CoinGecko. Notably, this continues Thorchain’s series of misfortunes. Apart from the overall...
Jul 17, 2021

DeFi
Thorchain Tapping Treasury to Repay $5M in Ethereum After Attack
Thorchain, a "decentralized liquidity protocol" for trading crypto across different blockchains, promised via Twitter that users affected by a $5 million hack yesterday would be fully compensated. "The only entity that will wear [sic] the burden will be the THORChain treasury, approx $5m will be used to donate to ETH LPs," it wrote late on Thursday evening, hours after the attack. The only entity that will wear the burden will be the THORChain treasury, approx $5m will be used to donate to ETH...
Jul 16, 2021

Coins
Thorchain’s RUNE Token Slides 15% Following Multi-Million Dollar Exploit
The price of RUNE, the native token of decentralized finance (DeFi) liquidity protocol Thorchain, dropped by about 15% today following yesterday’s attack which saw hackers drain 2,500 Ethereum (ETH) tokens (around $4.8 million at current prices) from the platform’s liquidity pools. At the time of writing, RUNE was trading at around $4.82, down 15.1% over the past 24 hours, according to crypto metrics platform CoinGecko. Yesterday, Thorchain had to pause the network after it was attacked by a ha...