PlayIconNav
Ad

Sage D. Young

Sage D. Young

Sage D. Young was a tech protocol reporter at CoinDesk. He cares for the Solarpunk Movement and is a recent graduate from Claremont McKenna College, who dual-majored in Economics and Philosophy with a Sequence in Data Science. He owns a few NFTs, gold and silver, as well as BTC, ETH, LINK, AAVE, ARB, PEOPLE, DOGE, OS, and HTR.

Social

Recent

(Danny Nelson/CoinDesk)
Technology
Ethereum
Arbitrum Temporarily Stopped Processing Due to Software Bug
The Ethereum layer 2 network went out of service for several hours due to a bug in the sequencer and a resulting transaction backlog that stressed the network. A fix was deplo...
(Danny Nelson/CoinDesk)
By Sage D. Young
Jun 7, 2023 at 11:01 p.m. UTC
Jun 7, 2023
EthereumArbitrumlayer 2BugOutage
BNB price daily (CoinDesk)
Markets
BNB, CAKE Plummet Following SEC Crackdown on Binance
Both are significant tokens in the Binance ecosystem and had their prices drop by more than 8%.
BNB price daily (CoinDesk)
By Sage D. Young
Jun 5, 2023 at 8:21 p.m. UTC
Jun 5, 2023
(CryptoWatch)
Markets
Sec
Decentralized Exchange DYdX’s Token Spikes Almost 10% After SEC Sues Binance for Alleged Securities Violations
The surge in DYDX comes as the SEC alleges BNB and BUSD – tokens belonging to centralized exchange Binance – are unregistered security offerings.
(CryptoWatch)
By Sage D. Young
Jun 5, 2023 at 4:39 p.m. UTC
Jun 5, 2023
SECdYdXBinanceOn-Chain Analysis
VELO/USDT chart (TradingView)
Finance
On-chain data
Optimism-Based Velodrome Token Slides Nearly 8% Ahead of Major Upgrade
Velodrome’s upgrade is slated for June 15 and is a complete overhaul of the protocol.
VELO/USDT chart (TradingView)
By Sage D. Young
Jun 5, 2023 at 2:24 p.m. UTC
Jun 5, 2023
On-chain DataOptimismDEXDecentralized exchange
(Alfred Gescheidt/Getty Images)
Technology
Stablecoin
New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing
Its R stablecoin is collateralized by one crypto asset: liquid staking leader Lido’s staked ether (stETH).
(Alfred Gescheidt/Getty Images)
By Sage D. Young
Jun 5, 2023 at 2:00 p.m. UTC
Jun 5, 2023
StablecoinLiquid stakingLidoTetherUSDCDAI
(Bernd Dittrich/Unsplash)
Finance
Governance
Synthetix Community Approves Plan to Nudge Positions Off Soon-to-Shut Version One of Its Perpetuals Market
The market, which was replaced by a new version, has been in close-only mode for months, but about $150,000 remains on the original platform.
(Bernd Dittrich/Unsplash)
By Sage D. Young
Jun 1, 2023 at 7:07 p.m. UTC
Jun 1, 2023
GovernanceOn-chain DataSynthetixperpetual contractsDeFi
U.S. Homeland Security (Smith Collection/Gado/Getty Images)
Technology
Hack
Jimbos Protocol to Work With U.S. Homeland Security to Help Recover $7.5M From Flash Loan Exploit
The team is opening more cases in other jurisdictions and offering a roughly $800,000 bounty to the general public for information on the exploiter.
U.S. Homeland Security (Smith Collection/Gado/Getty Images)
By Sage D. Young
May 31, 2023 at 8:55 p.m. UTC
May 31, 2023
HackDepartment of Homeland SecurityExploit
Multichain can't get ahold of its bridges (Aleksandr Barsukov/Unsplash)
Finance
Bridge
Crypto Bridging Protocol Multichain ‘Unable to Contact’ CEO Zhaojun
Multichain's team says it cannot maintain some cross-chain bridges without getting access permissions from its AWOL chief.
Multichain can't get ahold of its bridges (Aleksandr Barsukov/Unsplash)
By Sage D. Young
May 31, 2023 at 5:54 p.m. UTC
May 31, 2023
BridgeMultiChainOn-chain Data
Joe Lubin (left), co-founder of Ethereum and the founder of ConsenSys, with bitcoin advocate Jimmy Song and former CoinDesk reporter Brady Dale, at CoinDesk's Consensus conference in 2018. (CoinDesk)
Technology
On-chain data
5 Years After the $500K Ethereum Wager Between Joe Lubin and Jimmy Song, Who Won?
The wager made at Consensus 2018 between the two blockchain eminences hinged on how far Ethereum adoption would get by now. Crypto analysts say the network appears to have met...
Joe Lubin (left), co-founder of Ethereum and the founder of ConsenSys, with bitcoin advocate Jimmy Song and former CoinDesk reporter Brady Dale, at CoinDesk's Consensus conference in 2018. (CoinDesk)
By Sage D. YoungElaine Ramirez
May 31, 2023 at 3:30 p.m. UTC
May 31, 2023
On-chain DataBitcoinEthereumJimmy SongJoe Lubin
Lybra Finance TVL (Defillama)
Finance
Stablecoin
Stablecoin Issuer Lybra Finance Nears $100M in TVL
Lybra Finance was launched last month and uses liquid staking derivatives to offer a decentralized interesting-bearing stablecoin.
Lybra Finance TVL (Defillama)
By Sage D. Young
May 26, 2023 at 3:54 p.m. UTC
May 26, 2023
StablecoinLiquid stakingOn-chain Datasmart money