News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
DFDV Increases Solana Reserves to $325 Million
DeFi Development Corp. (DFDV) has increased its Solana reserves to $325 million, despite reporting a net loss of $83.4 million due to a significant drop in Solana's price.
Daniel Kim1 min - Crypto
Solana and Ethereum Match in DEX Trading Volumes
Solana's DEX trading volume has fallen to 94% of Ethereum's, the lowest in a year, while both networks process around $45 billion monthly.
Elena Volkov1 min - Crypto
Kelp and Aave Begin Asset Recovery After $292 Million Hack
Kelp and Aave are recovering assets after a $292 million hack, aiming to restore 117,132 rsETH within two weeks and enhance security measures.
Aisha Patel1 min - Crypto
Ethereum Foundation Launches Service to Prevent Blind Signing of Transactions
The Ethereum Foundation has launched the Clear Signing initiative to standardize transaction descriptions and prevent blind signing attacks.
Aisha Patel1 min - Crypto
Is Phemex Safe? Analyzing Reserve Transparency and Asset Protection
Phemex has strengthened its security measures following a significant hack, implementing Proof-of-Reserves and multi-tier storage to protect user assets.
Sarah Chen6 min - 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
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
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
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
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