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 […]
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 […]
Three of the top former executives at FTX and its affiliates have accepted final punishments from the U.S. Securities and Exchange Commission as the agency resolves its enforcement cases connected to the exchange’s collapse, the SEC said in a litigation notice on Friday. As former CEO Sam Bankman-Fried continues his federal prison sentence on his […]
Stablecoin adoption is gaining momentum among corporates and financial institutions driven by regulatory clarity and cost-savings in global money transfers, according to a survey by EY-Parthenon. Conducted with 350 executives in June after the Senate passed the GENIUS Act, the survey found that 13% of firms already use stablecoins, mainly for cross-border payments. Among those […]
Sui’s (SUI) price plunged 4% over the past 24 hours after experiencing substantial market volatility overnight, CoinDesk Analytics data shows. The token’s price fluctuated $0.28, or approximately 7%, between session highs of $3.98 and lows of $3.69. The digital asset initially demonstrated strength, advancing from $3.88 to $3.98 with institutional volume exceeding 18 million units, […]
As traditional gold markets heat up, crypto investors are following suit—flocking to tokenized versions of the precious metal that offer both price exposure and digital flexibility. Gold-backed cryptocurrencies like Paxos Gold (PAXG) and Tether Gold (XAUT) have risen 24.15% and 23.7% respectively year-to-date to new all-time highs above $3,300, roughly matching the performance of spot […]
“Decoupling” and “safe haven” began to be used late last week as bitcoin (BTC) held its own despite the continuing tumble in stock markets in response to President Trump’s sweeping tariffs against U.S. trading partners. Bitcoin bulls, though, may have spoken too soon. With stock trading closed for the weekend, fearful investors turned to the […]