DeFi and DApps
Protocol launches, governance changes and decentralised application updates. Each article is summarised by AI into a clear, factual overview of 50 words or fewer.
5 hours agoCointelegraph
Arbitrum freezes $71 million in Ether linked to Kelp exploit
Arbitrum has frozen $71 million worth of Ether that is associated with the Kelp exploit, aiming to prevent further losses from the incident.
10 hours agoAMBCrypto
$294M KelpDAO Breach Raises Concerns Over Single-Verifier Security
13 hours agoThe Defiant
DeFi Protocols Introduce Escape Hatch for Aave ETH Lenders and Loopers
14 hours agoAave Estimates $124M to $230M in Bad Debt Due to Kelp Exploit
Aave has projected that the Kelp exploit may result in bad debt ranging from $124 million to $230 million, impacting its financial stability.
17 hours agoDecrypt
RaveDAO Token Loses $6.6 Billion Amid Allegations of Market Manipulation
The RaveDAO token has experienced a significant crash, losing $6.6 billion in value as exchanges investigate claims of manipulation in the market.
18 hours agoDune Analytics Reports 47% of LayerZero OApps Use Minimal DVN Security
Dune Analytics has found that 47% of LayerZero OApps are employing minimal DVN security measures, following the KelpDAO hack.
22 hours agoTangem Launches Global Retail Payments Service for Hardware Wallets
Tangem has announced the global rollout of its retail payments service, enabling users to make transactions using its hardware wallets. This initiative aims to enhance the accessibility of digital payments.
23 hours agoDeFi Tokens Aave, LayerZero, Lido, and Ethena Experience Significant Declines
Recent data indicates that several DeFi tokens, including Aave, LayerZero, Lido, and Ethena, have suffered sharp declines, suggesting a contagion effect within the sector.
23 hours agoLazarus Group Allegedly Steals $290 Million from KelpDAO via RPC Node Breach
A post mortem on LayerZero reveals that the Lazarus Group compromised an RPC node to steal $290 million from KelpDAO.
yesterdayLayerZero claims Kelp setup facilitated exploit amid Aave loss concerns
LayerZero has stated that the Kelp setup enabled an exploit, raising questions about the recent losses experienced by Aave. The situation has prompted discussions regarding security measures in decentralised finance.
yesterdayThree Japanese Financial Institutions Use Canton for On-Chain Government Bonds
Three major Japanese financial institutions are collaborating with Canton to tokenize government bonds, aiming to enhance efficiency and transparency in the bond market.
yesterdayAave's Total Value Locked Drops by $8 Billion After Kelp DAO Hack
Aave's Total Value Locked (TVL) has decreased by $8 billion following the $293 million hack of Kelp DAO, raising concerns about security in decentralised finance.
2 days agoKelp exploit raises concerns over non-isolated DeFi lending practices
Crypto executives discuss the implications of the Kelp exploit, highlighting vulnerabilities in non-isolated DeFi lending systems and the need for improved security measures.
2 days agoKelp DAO Suffers $293 Million Loss in Bridge Exploit, Aave Faces $200 Million Debt
Kelp DAO has lost $293 million due to a bridge exploit, resulting in Aave being left with over $200 million in bad debt.
2 days agoRaveDAO refutes manipulation claims amid Binance and Bitget investigation
RaveDAO has denied allegations of market manipulation as Binance and Bitget investigate trading activities related to RAVE.
3 days agoStablecoins exhibit behaviour similar to foreign exchange markets, says Eco CEO
Eco's CEO highlights that stablecoins are increasingly reflecting the dynamics of foreign exchange markets as liquidity becomes fragmented.
4 days agoWrapped XRP Launches on Major Solana Applications
Wrapped XRP is now accessible on various prominent Solana applications, enhancing interoperability within the DeFi ecosystem.
4 days agoX Achieves $1 Billion in Trading Volume Following Cashtags Feature Launch
X has generated $1 billion in trading volume just days after introducing its new Cashtags feature.
4 days agoRhea Finance updates exploit losses to $18.4 million, identifies slippage flaw
Rhea Finance has revised its exploit losses to $18.4 million and confirmed a slippage flaw. The platform has managed to partially recover some of the lost funds.
4 days agoBitcoin Reaches $78,000 Following Iran's Strait of Hormuz Announcement
Bitcoin has touched $78,000 as Iran announces that the Strait of Hormuz is 'completely open', impacting market dynamics.
4 days agoMemecoin Sector Revives as ASTEROID Surpasses $25 Million Market Cap
The memecoin sector is experiencing a resurgence, highlighted by ASTEROID's market cap exceeding $25 million, indicating renewed interest and activity in this niche of the cryptocurrency market.
4 days agoAnthropic's Mythos Findings Replicated Using Public AI Models
Researchers have successfully replicated Anthropic's Mythos findings using off-the-shelf AI models, raising concerns about the implications for AI safety and security.
4 days agoFigure Disputes Short Seller's Allegations Regarding Blockchain Lending
Figure has engaged in a public dispute with a short seller over claims related to its blockchain lending practices.
4 days agoSingapore Gulf Bank Introduces In-Bank Settlement for USDC on Solana
Singapore Gulf Bank has launched a new service allowing customers to mint and redeem USDC directly within the bank, utilising the Solana blockchain for transactions.
4 days agoKraken's Parent Firm to Acquire US Derivatives Exchange Bitnomial
Kraken's parent company, Payward, has announced plans to acquire the US derivatives exchange Bitnomial, expanding its offerings in the cryptocurrency market.
4 days agoMitsui & Co. Launches Zipangcoin on Optimism Mainnet
Mitsui & Co.'s cryptocurrency division has introduced Zipangcoin, a tokenised metals asset, on the Optimism Mainnet, aiming to enhance the trading of physical metals through blockchain technology.
4 days agoOver a dozen crypto entities targeted following Drift Protocol hack
Since the Drift Protocol hack, at least twelve crypto entities have been attacked, highlighting ongoing security vulnerabilities in the sector.
4 days agoCircle sued for $280 million following Drift Protocol hack
Circle, the issuer of USDC stablecoin, is facing a class-action lawsuit related to the $280 million hack of Drift Protocol.
5 days agoAltcoins Experience Growth as Bitcoin Approaches $75,000
Altcoins have seen a significant increase in value while Bitcoin hovers close to the $75,000 mark, indicating a shift in market dynamics.
5 days agoFoundation NFT Marketplace Closes Permanently Following Unsuccessful Sale
The Foundation NFT marketplace has announced its permanent closure after a failed sale, marking the end of its operations in the digital art space.
5 days agoLDO Surges 30% Monthly Following DAO Approval of Buyback Scheme
LDO has experienced a 30% rally in the past month, defying the broader DeFi downturn, after its DAO approved a buyback scheme.
5 days agoClass Action Lawsuit Filed Against Circle Over $280 Million Drift Protocol Hack
Gibbs Mura Law Group has initiated a class action lawsuit against Circle following a $280 million hack of the Drift Protocol, which involved the USDC bridge.
5 days agoSky Launches First Native USDS and sUSDS Deployment on Avalanche
Sky has announced the first native deployment of USDS and sUSDS on the Avalanche blockchain, marking a significant step in decentralised finance.
5 days agoCharles Schwab Launches Spot Bitcoin and Ethereum Trading for Retail Clients
Charles Schwab has announced the rollout of spot trading for Bitcoin and Ethereum, enabling retail clients to trade these cryptocurrencies directly.
5 days agoSouth Korea to Trial Deposit Tokens for Government Expenditure
The South Korean government plans to test deposit tokens as a method for public spending, aiming to enhance efficiency and transparency in financial transactions.
5 days agoTempo Introduces 'Zones' for Private Stablecoin Transactions in Enterprises
Tempo has launched a new feature called 'Zones' aimed at facilitating private stablecoin transactions for enterprises, enhancing security and efficiency in digital finance.
5 days agoTwo Ethereum Foundation Contributors, Josh Stark and Trent McConaghy, Depart
Josh Stark and Trent McConaghy, long-time contributors to the Ethereum Foundation, have announced their departures from the organisation.
5 days agoRhea Finance suffers $7.6 million exploit from liquidity pool manipulation
Rhea Finance has experienced a $7.6 million exploit due to an attacker manipulating its liquidity pools, raising concerns about security in decentralised finance.
5 days agoTether launches $150 million recovery programme for Drift Protocol
Tether has announced a $150 million recovery programme aimed at supporting Drift Protocol following recent challenges faced by the platform.
5 days agoTether Allocates $127.5M for Drift Protocol Recovery After Major Exploit
Tether has pledged $127.5 million to support the recovery plan for Drift Protocol, which suffered an exploit exceeding $270 million.
5 days agoAllUnity Expands MiCA-Regulated Euro Stablecoin EURAU into DeFi Market
AllUnity is advancing its MiCA-regulated euro stablecoin, EURAU, into the decentralised finance sector, enhancing its utility and compliance within the European market.
5 days agoStudy reveals lack of transparency in crypto market-maker agreements
A recent study indicates that nearly all cryptocurrency protocols fail to disclose their market-maker terms, raising concerns about transparency in the industry.
5 days agoPaxos Labs secures $12 million funding to address DeFi product challenges
Paxos Labs has raised $12 million in funding aimed at tackling issues within the decentralised finance (DeFi) sector, focusing on improving product offerings.
6 days agoBitcoin Remains Below $75,000 Amid Geopolitical Uncertainty and Tax Selling
Bitcoin's price has stalled under $75,000 due to ongoing geopolitical issues and increased selling pressure as tax deadlines approach.
6 days agoX Introduces Cashtags with Price Charts and In-App Trading Pilot
X has launched Cashtags featuring price charts and is piloting in-app trading through Wealthsimple.
6 days agoJustin Sun Criticises WLFI Token Unlock Proposal as 'World Tyranny'
Justin Sun has condemned the WLFI token unlock proposal, labelling it as a form of 'world tyranny'. His remarks highlight concerns over governance and control within the cryptocurrency space.
6 days agoAave Labs Introduces Checkpoint, an AI Governance Security System
Aave Labs has launched Checkpoint, a new AI-powered system designed to enhance governance security within the Aave protocol.
6 days agoBitcoin Anticipates Q2 Recovery Amid Increased Institutional Investment
Nexo reports that Bitcoin may rebound in the second quarter as institutional investors show a stronger commitment to cryptocurrency.
6 days agoETH/BTC ratio reaches 10-week high as Ether outperforms Bitcoin
The ETH/BTC ratio has hit a 10-week high, indicating that Ether is currently outperforming Bitcoin. Analysts are considering whether this trend could lead to new price highs for Ether.
6 days agoBitwise Introduces Avalanche ETF Featuring In-House Staking
Bitwise has launched an Avalanche ETF that includes in-house staking capabilities, aiming to enhance investor engagement and returns.
6 days agoFireblocks Introduces Stablecoin Yield Product Using Aave and Morpho
Fireblocks has launched a new stablecoin yield product that leverages Aave and Morpho protocols, aiming to enhance yield generation for users in the decentralised finance space.
6 days agoEIP-8105 Proposes New Design for Ethereum's Encrypted Mempool
Ethereum Improvement Proposal 8105 introduces a new design aimed at enhancing the encrypted mempool, which could improve transaction privacy and efficiency on the Ethereum network.
6 days agoWLFI Proposes Four-Year Vesting to End Indefinite Token Lock
World Liberty Financial has proposed a four-year vesting plan to terminate its indefinite token lock, aiming to provide more flexibility for token holders.
6 days agoWLFI proposes unlock plan for 62 billion tokens with extended lockups
WLFI has introduced a proposal to unlock 62 billion tokens, featuring long lockup periods and token burns to manage supply.
6 days agoBitcoin Developers Suggest Freezing Coins Vulnerable to Quantum Attacks
Developers have proposed BIP-361, a plan to freeze Bitcoin coins that are at risk from quantum computing threats, aiming to enhance security against future vulnerabilities.
6 days agoCoW Swap Domain Locked Following Security Incident
CoW Swap has locked its domain due to a security issue. The platform is taking measures to address the incident and ensure user safety.
6 days agoX Introduces Cashtag Feature for Stocks and Cryptocurrency
X has launched a new feature called Cashtag, allowing users to easily track stocks and cryptocurrencies. This addition aims to enhance user engagement and streamline financial discussions on the platform.
6 days ago21Shares Submits Updated Hyperliquid ETF Application to SEC with Ticker $THYP
21Shares has filed an updated application for its Hyperliquid ETF, designated with the ticker $THYP, with the US Securities and Exchange Commission.
7 days agoSEC Approves Removal of Pattern Day Trader Rule and Minimum Capital Requirement
The SEC has approved the elimination of the Pattern Day Trader rule and the $25,000 minimum capital requirement for day trading, as announced by FINRA.
7 days agoXRP Ledger Integrates Native ZK Proof Verification with Boundless
The XRP Ledger has implemented native zero-knowledge proof verification through a partnership with Boundless, enhancing its privacy and scalability features.
7 days agoTempo Welcomes Visa, Stripe, and Zodia Custody as New Validators
Tempo has announced the onboarding of Visa, Stripe, and Zodia Custody as validators on its blockchain network, enhancing its operational capabilities and partnerships in the digital finance space.
7 days agoKraken Files for Confidential IPO as Deutsche Börse Invests $200 Million
Kraken has confirmed its confidential filing for an initial public offering (IPO). The announcement comes alongside Deutsche Börse's investment of $200 million in the cryptocurrency exchange.
7 days agoCoW Swap DAO advises users to avoid platform following domain hijacking incident
The DAO managing CoW Swap has warned users to refrain from using the platform after a domain hijacking event. The incident raises concerns about security and user safety.
7 days agoPolygon Introduces Native Liquid Staking Token
Polygon has launched its native liquid staking token, allowing users to stake their assets while maintaining liquidity. This development aims to enhance the staking experience on the Polygon network.
7 days agoGMX Launches 24/7 Trading for Gold and Silver Assets
GMX has introduced round-the-clock trading for gold and silver, expanding its offerings in the digital asset space. This move aims to enhance user engagement and provide more trading opportunities for investors.
7 days agoCoW Swap frontend flagged for potential security attack, users advised to stay away
Users are warned to avoid the CoW Swap platform after its frontend was flagged in connection with a potential attack. Security concerns have prompted alerts to protect users from possible threats.
7 days agoEthereum Foundation Introduces Audit Subsidy Programme for Developers
The Ethereum Foundation has launched a new programme to subsidise audits for developers building on the Ethereum network, aiming to enhance security and reliability in the ecosystem.
7 days agoFigure and Hastra expand DeFi credit services with auto loan launch
Figure and Hastra have introduced a new auto loan product as part of their tokenised credit offerings in the DeFi space.
7 days agoEther Surpasses Bitcoin as Prices Exceed $75,000
Ether has outperformed Bitcoin as its price surpasses $75,000, indicating a shift in market dynamics.
7 days agoGoldman Sachs submits application for Bitcoin-linked ETF
Goldman Sachs has filed for its first exchange-traded fund linked to Bitcoin, marking a significant move into the cryptocurrency market.
7 days agoMorpho launches fixed-rate lending protocol named Morpho Midnight
Morpho has introduced a new fixed-rate lending protocol called Morpho Midnight, aimed at enhancing the DeFi lending experience.
7 days agoTether Launches Multichain Self-Custodial Wallet for Users
Tether has introduced a multichain self-custodial wallet aimed at enhancing financial inclusion for users. The wallet supports various cryptocurrencies and is designed to provide greater control over digital assets.
7 days agoBitcoin price rises to $74,000 amid ETF demand and miner selling pressure
Bitcoin has reached $74,000 as demand for spot ETFs increases, countering selling pressure from miners.
8 days agoBitcoin Surpasses $73,000 Amid Ongoing Iran Blockade
Bitcoin has exceeded $73,000 in value, continuing its upward trend despite the ongoing blockade imposed by Iran.
8 days agoStarkWare Reduces Workforce and Restructures into Two Divisions
StarkWare has announced a reduction in staff and a reorganisation into two distinct units as part of its restructuring efforts.
8 days agoSEC clarifies crypto trading interfaces may not need broker-dealer registration
The SEC has stated that some cryptocurrency trading interfaces might be exempt from broker-dealer registration requirements, potentially impacting how these platforms operate.
8 days agoAave DAO Approves Consolidation of Revenue Under AAVE Token
The Aave Decentralised Autonomous Organisation has voted to consolidate all revenue generated by the platform under the AAVE token, aiming to enhance the token's utility and value.
8 days agoScroll Plans to Reduce Security Council and DAO Amid Ongoing Challenges
Scroll is implementing changes to its governance structure by reducing the size of its Security Council and trimming its Decentralised Autonomous Organisation (DAO) as it faces ongoing operational challenges.
8 days agoKraken Declines to Pay Extortionists Following Client Data Breach
Kraken has announced it will not pay extortionists after insider breaches compromised client data. The company is taking steps to enhance security and protect user information.
8 days agoECB Explores Tokenised Capital Markets in Latest Bulletin
The European Central Bank has released a bulletin discussing the potential benefits and risks associated with tokenised capital markets, highlighting the need for regulatory frameworks.
8 days agoHSBC Finalises Tokenised Deposit Pilot on Canton Network
HSBC has successfully completed a pilot for tokenised deposits on the Canton Network, marking a significant step in integrating traditional finance with blockchain technology.
8 days agoSEC Provides Guidance on Broker-Dealer Rules for DeFi Front-Ends
The SEC has issued staff guidance that offers a limited pathway for decentralised finance (DeFi) front-ends to navigate broker-dealer regulations, potentially impacting how these platforms operate within the regulatory framework.
8 days agoDango exploit resolved as white hat returns funds to affected users
The Dango exploit has been addressed after a white hat hacker returned the stolen funds. Users were not affected by the incident, ensuring the platform's integrity remains intact.
8 days agoBitmine Holds Over 4% of Ethereum Supply as Saylor Announces $1 Billion BTC Purchase
Bitmine has surpassed 4% of the total Ethereum supply. Meanwhile, Michael Saylor disclosed plans to acquire an additional $1 billion in Bitcoin.
8 days agoHyperbridge exploit allows minting of 1 billion bridged DOT tokens
An exploit in Hyperbridge has enabled an attacker to mint 1 billion bridged DOT tokens, raising concerns about the security of the platform, previously touted as the 'safest bridge'.
8 days agoPolkadot Confirms Exploit on Hyperbridge's Ethereum Gateway Contract
Polkadot has acknowledged an exploit affecting the Hyperbridge's Ethereum gateway contract, raising concerns about security within the network.
9 days agoJustin Sun criticises WLFI, which threatens legal action in response
Justin Sun has publicly called out the WLFI platform, prompting WLFI to threaten legal action against him.
9 days agoJustin Sun and World Liberty Financial Engage in Public Dispute
Justin Sun and World Liberty Financial are involved in a public feud, exchanging accusations and criticisms. The conflict highlights ongoing tensions in the cryptocurrency and financial sectors.
11 days agoScroll Users Incur $50,000 in Excess Fees Due to Increased L1 Charges
Scroll users have reportedly paid $50,000 in excess fees after the team raised Layer 1 fees by 1,280 times, leading to significant financial impact on transactions.
11 days agoBitcoin Price Exceeds $73,000 Amid Economic and Geopolitical Tensions
Bitcoin has surpassed $73,000 as inflation data shows rising consumer prices, coinciding with a fragile ceasefire in ongoing conflicts.
11 days agoOwlTing Users Can Now Fund USDC Directly via Debit Card with Visa Direct
OwlTing has integrated Visa Direct, allowing users to fund their USDC wallets directly from debit cards, enhancing the ease of transactions.
11 days agoHSBC and Standard Chartered awarded Hong Kong's first stablecoin licences
HSBC and Standard Chartered have received the inaugural licences for stablecoin operations in Hong Kong, marking a significant step in the region's financial innovation.
11 days agoTornado Cash Developer Roman Storm Awaits Judge's Ruling on Acquittal
Roman Storm, a developer of Tornado Cash, is currently waiting for a judge's decision regarding his request for acquittal in an ongoing legal case.
11 days agoVelora DAO Votes to Wind Down and Transfer Operations to Laita Labs
Velora DAO has decided to cease operations and transfer its responsibilities to Laita Labs following a recent vote.
11 days agoCoinbase CEO Brian Armstrong Supports CLARITY Act Advocated by Scott Bessent
Brian Armstrong, CEO of Coinbase, has expressed support for Treasury Secretary Scott Bessent's push for the CLARITY Act, which aims to provide clearer regulations for the cryptocurrency industry.
11 days agoTAO Falls 20% Following Accusations Against Bittensor Founder
TAO, the native token of Bittensor, dropped by 20% after a major subnet developer accused its founder of engaging in 'decentralisation theatre', raising concerns about the project's integrity.
11 days agoMoonPay collaborates with WalletConnect and Ingenico for stablecoin payments
MoonPay has announced a partnership with WalletConnect and Ingenico to facilitate stablecoin retail payments, aiming to enhance the payment experience for consumers and merchants.
11 days agoOptimism Allows Agents and DApps to Request Wallet Execution Permissions
Optimism has introduced a feature enabling agents and decentralised applications to request wallet execution permissions on its mainnet, enhancing user interaction and functionality.
11 days agoSecuritize Partners with TRON Network to Enhance Tokenised Asset Services
Securitize has announced its integration with the TRON Network, aiming to broaden its tokenised asset offerings and improve accessibility for users.
11 days agoWorld Liberty announces phased WLFI unlock vote following holder concerns
World Liberty has decided to conduct a phased vote on the WLFI unlock after receiving backlash from early holders regarding the initial plan.