Aave faces ‘serious trouble’ as all its core markets hit 100% utilization. What this means.
Categories
Crypto News

Aave, one of the largest decentralized lending platforms, effectively froze Tuesday after all its major lending protocols ran out of available funds, leaving users unable to withdraw billions of dollars in crypto, DeFi Warhold said as he explained what the 100% utilization means. Roughly $5 billion in stablecoins USDT and USDC are effectively locked, Warhold […]

North Korea’s crypto heist playbook is expanding and DeFi keeps getting hit
Categories
Crypto News

Less than three weeks after North Korea-linked hackers used social engineering to hit crypto trading firm Drift, hackers tied to the nation appear to have pulled off another major exploit with Kelp. The attack on Kelp, a restaking protocol tied into LayerZero’s cross-chain infrastructure, suggests an evolution in how North Korea-linked hackers operate, not just […]

Bitcoin jumps, crashes within minutes of Trump moves, and here is why it might happen again this week
Categories
Crypto News

Bitcoin and other risk assets have become increasingly sensitive to statements from U.S. President Donald Trump, with markets often swinging upward or downward within minutes of his social media posts or policy announcements to the news media. This has drawn scrutiny from lawmakers, academics and market experts, as questions mount over whether those price movements […]

Hack at Vercel sends crypto developers scrambling to lock down API keys
Categories
Crypto News

A breach at web infrastructure provider Vercel is forcing crypto teams to rotate API keys and do a deep inspection of their underlying code. In a bulletin, Vercel said the hacker was able to grab behind-the-scenes settings that weren’t locked down, potentially exposing API keys — the digital credentials apps use to connect to other […]

Stablecoins can help businesses turn costs into revenue, but not everyone needs to issue a token:
Categories
Crypto News

Stablecoins, the $300 billion class of digital dollars, may have started as a faster way to move money across the globe, but companies are now asking a different question: what can they actually do with them? That shift is driving a new phase of adoption, according to Chunda McCain, co-founder of Paxos Labs, who says […]

Kelp DAO exploited for $292 million with wrapped ether stranded across 20 chains
Categories
Crypto News

A cross-chain bridge holding nearly a fifth of a restaked ether token’s circulating supply just got drained, and the fallout is moving through DeFi faster than Kelp DAO can pause contracts. An attacker drained 116,500 rsETH (restaked ether) from Kelp DAO’s LayerZero-powered bridge at 17:35 UTC on Saturday, worth roughly $292 million at current prices […]

Zondacrypto under fire as Donald Tusk links exchange to legislative interference
Categories
Crypto News

Polish cryptocurrency exchange Zondacrypto’s problems just keep mounting. Already under fire following reports of frozen or delayed customer withdrawals, the company on Friday drew the ire of Prime Minister Donald Tusk, who told parliament the company had sponsored some politicians who opposed crypto market regulation. Blocking the legislation by some politicians showed they were toeing […]

Michael Saylor’s Strategy (MSTR) moves to pay STRC dividends twice per month
Categories
Crypto News

Leading bitcoin treasury company Strategy (MSTR) has filed a proxy that, if approved, would allow for semi-monthly dividends on its STRC “Stretch” series of preferred stock. The move would have no effect on STRC’s annual dividend obligations or dividend rate (currently 11.5%), noted Executive Chairman Michael Saylor. Instead, he said, “[the] proposed changes are intended […]

Don’t get AI agents and stablecoin transfers? Enroll in CoinDesk University
Categories
Crypto News

Have you had “deploy a stablecoin” and “build an AI agent” on your business to-do list since the beginning of the year? You know these technologies will create business efficiencies, but finding the time to really get a grasp, a hands-on grasp, of these solutions has proved hard to find. You might even feel like […]

U.S. CFTC’s Selig says AI has helped make up for staffing cuts at key crypto watchdog
Categories
Crypto News

The U.S. Commodity Futures Trading Commission is leaning into artificial intelligence and automation as it faces massive new oversight responsibilities, according to congressional testimony from Chairman Mike Selig, even as his agency’s workforce has declined significantly under the administration of President Donald Trump. About a quarter of the CFTC’s staff has left since 2025, under […]

Where Tokenized Assets Are Today
Categories
Crypto News

In today’s newsletter, Marcin Kazmierczak from Redstone takes us through the evolution of tokenization as it moves from “concept to allocation.” Then, in “Ask an Expert,” Kieran Mitha answers investor questions about tokenized investments. – Sarah Morton Where Tokenized Assets Are Today Tokenization is moving from concept to allocation. What matters now is how these […]

Solana Policy Institute-backed PAC spends millions to jam Sherrod Brown’s Senate run
Categories
Crypto News

A conservative U.S. political action committee backed by the Solana Policy Institute — the Sentinel Action Fund — has committed to a massive advertising spend on the political opponent of former Senator Sherrod Brown, a Democrat and prominent crypto skeptic who is trying to return to Washington in this year’s Ohio Senate election. Sentinel and […]