DeFi

LayerZero Admits Mistake in 1/1 DVN Setup Tied to $292M Kelp Hack

LayerZero Labs acknowledged a Lazarus Group attack on internal RPCs and a multisig signer's unauthorized personal trade, impacting 0.36% of assets on the protocol.LayerZero...

MegaETH Kicks Off MEGA Buybacks

Future repurchases will follow a preset schedule and be routed through on-chain markets.The MegaETH Foundation completed its first MEGA buyback on May 7, deploying...

Why the ‘Trump rally’ is hitting a wall of profit-taking

Bitcoin BTC$80,198.13 slipped back below $80,000 on Wednesday after a brief breakout attempt, as onchain data suggested the rally was already running into profit-taking...

Arbitrum approves $71 Million ETH release despite U.S. seizure fight

Arbitrum delegates approved the release of $71 million in ether frozen after last month’s Lazarus-linked rsETH exploit, setting up a direct clash between decentralized...

Kelp DAO Fallout Pushes Solv, DeFi Protocols Toward Chainlink

Decentralized finance protocols are reevaluating their blockchain oracle providers’ security after the fallout from the $293 million Kelp DAO exploit last month. Several protocols...

Kalshi Officially Confirms $1B Raise at $22B Valuation

Kalshi's co-founder said the new capital will be used to accelerate that institutional adoption. Prediction market platform Kalshi has officially confirmed it raised $1 billion...

Mantle Tokenholders Back Aave Credit Facility After rsETH Exploit

Mantle tokenholders backed a proposal authorizing a credit facility of up to 30,000 Ether (ETH), worth about $68 million, for Aave DAO, advancing remediation...

Coinbase disruption tied to AWS outage draws criticism amid staff layoffs and Q1 losses

Coinbase (COIN) reported a multi-hour disruption to crypto trading on Thursday, which the Nasdaq-listed exchange attributed to an outage at Amazon Web Services. The...

Hiring slowdown could be great for bitcoin (BTC) — unless wages spoil the party

Friday’s U.S. nonfarm payrolls report could inject volatility into the crypto market. Economists expect April job growth to slow sharply, with payrolls forecast to...

‘Polkadot Is Kind of Done.’ The Once Hyped Layer 0 Faces Falling Usage, and Controversy

Former Polkadot insiders report lack of direction and support from leadership, treasury overspending, and even failure to pay contributors for their work.The exploit of...

Popular

Goldman Sachs CEO backs Clarity Act despite banking industry’s concerns over stablecoin rules

Solomon's endorsement contrasts with growing opposition from other major...

Gemini Sent $10M in Bitcoin to Trump PAC after Joint Motion with CFTC

With a court set to consider a reversal of...

Clarity Act expected to miss its window before Congress’ summer break, leadership says

The crypto industry had held out optimism that the...

It’s time for tokenization to get to work

Q. Not all tokenized equity products are the same....

Tassat wants to help smaller banks tap the stablecoin boom before big banks lock them out

The announcement comes as stablecoins move further into mainstream...