The easiest take after a $290 million exploit and a roughly $13 billion slide in DeFi total value locked is that decentralized finance is broken again. It is also probably the laziest. The KelpDAO exploit over the weekend was serious. It appears to have started with a targeted attack on infrastructure used in LayerZero’s verification…
Lending platform Aave has raised about $160 million it needs to cover the $200 million in bad debt left behind by the year’s largest decentralized finance (DeFi) exploit, Arkham posted on X on Saturday. “AAVE have so far raised $160M to cover the bad debt from the Kelp DAO Exploit, at defiunited.eth,” the blockchain analytics…
Freezing dormant bitcoin BTC$78,081.34 would trigger an immediate repricing and mark one of the world’s oldest cryptocurrency’s worst trading days since its 2009 launch, advocates told CoinDesk. Bitcoin developers and crypto industry participants have debated for weeks whether they should freeze dormant tokens to protect them against the risk of theft through quantum computing, whenever…
The biggest traders on Hyperliquid have been building a long bitcoin BTC$77,961.37 position for two months, and the price chart is starting to break their way. Glassnode data shows whale positioning on Hyperliquid, the onchain perpetual futures exchange, flipped from net short to net long in early March and has stayed long ever since, with…
Snagging a Markets in Crypto Assets (MiCA) license to operate in Europe is great, but, alone, it won’t be enough to turn a profit, according to Ben Zhou, the CEO of Bybit, one of the largest cryptocurrency trading platforms. MiCA doesn’t cover the full range of products, such as derivatives and tokenized assets, needed to…
The Bitcoin community continues to debate whether cryptographically relevant quantum computers are imminent or decades away. Source link
TRUMP memecoin fell nearly 10% in 24 hours despite a Mar-a-Lago investor gala, with the token still down over 96% from its peak. Source link
A 13-block chain reorganization on LTC$56.25 late Friday and Saturday rewound roughly 32 minutes of network activity after attackers used a vulnerability in its Mimblewimble Extension Block (MWEB) protocol. The bug had enabled a denial-of-service attack against major mining pools, allowing the invalid MWEB transactions to slip through nodes that had not updated, before the…
Aurelion, a Nasdaq-listed company building a Tether Gold-backed treasury, has allocated 10,000 units of the token, worth about $48 million, to a newly launched protocol designed to generate yield on tokenized gold. The DeFi protocol, XAUE, was introduced earlier this week by the Aurise Foundation as a treasury layer for Tether Gold, allowing tokenized gold…
In a repeat of 2025, top holders of US President Donald Trump’s memecoin, Official Trump (TRUMP), will gather for a private event that many critics have described as selling access to the presidency. On Saturday, Trump and up to 297 of his memecoin holders will meet at the president’s Mar-a-Lago property in Florida. According to…
