News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
LayerZero Admits Mistakes After $292 Million Kelp Hack
LayerZero has acknowledged its mistakes following the $292 million hack of the Kelp protocol, admitting that its single-verifier configuration was a critical error.
Sarah Chen1 min - Crypto
Solv Protocol Drops LayerZero After Kelp Hack
Solv Protocol has switched from LayerZero to Chainlink's CCIP for cross-chain infrastructure after a security review and the Kelp hack incident.
Elena Volkov1 min - Crypto
Zcash to Launch Quantum-Resistant Wallets
Zcash is set to launch quantum-resistant wallets within a month, aiming to enhance privacy and scalability in the cryptocurrency space.
Daniel Kim2 min - Crypto
Bitget Launches Fan Story Campaign with Prize Pool of Up to 100,000 USDT
Bitget has launched the Fan Story campaign, inviting users to share their experiences for a chance to win part of a 100,000 USDT prize pool.
Daniel Kim1 min - News
Arbitrum DAO Approves $70 Million Transfer to DeFi United Fund
The Arbitrum DAO has approved a $70 million transfer to DeFi United, but legal challenges remain regarding the frozen assets.
Sarah Chen1 min - Crypto
Web3 Will Be Different
The future of Web3 may differ from expectations, focusing on local applications and AI-driven solutions, enhancing user autonomy and decentralization.
Daniel Kim6 min - Crypto
Aave Liquidates Kelp Hacker's Positions
Aave has liquidated the hacker Kelp's remaining rsETH positions as part of a recovery plan, with funds now managed by DeFi United.
Aisha Patel1 min - Crypto
Durov Claims TON Leads L1 Networks in Transaction Finalization
Pavel Durov announced that TON leads L1 networks in transaction speed, with Toncoin surging over 102% in a week, reaching a market cap of $7 billion.
James Park2 min - Crypto
Market Cap of Tokenized U.S. Treasuries on Ethereum Hits $8 Billion
The market cap of tokenized U.S. Treasuries on Ethereum has reached $8 billion, doubling in six months, driven by key products and partnerships.
James Park3 min - Crypto
TrustedVolumes Market Maker Hacked for $6 Million
TrustedVolumes, a liquidity provider for 1inch, has suffered a $6 million hack, marking a significant event in the ongoing challenges faced by DeFi protocols.
Marcus Reid1 min - News
Joseph Lubin Predicts Full Transition of Global Economy to On-Chain
Joseph Lubin predicts a full transition of the global economy to on-chain, emphasizing Ethereum's role in this shift and addressing recent DeFi hacks.
Marcus Reid2 min - Crypto
Hacker Steals $1.4 Million Through Vulnerability in Ekubo Contract
A hacker exploited a vulnerability in the Ekubo DeFi protocol, stealing $1.4 million from its Ethereum contract, while liquidity providers remained unaffected.
Sarah Chen2 min