Pharos Network, a layer 1 blockchain focused on tokenized real-world assets, said it raised $44 million in a Series A round led by a mix of traditional finance and crypto investors. Backers include Sumitomo Corporation’s venture arm, SNZ Holding, Chainlink and Flow Traders, along with unnamed financial institutions the firm described as “giants in global […]
Aave, one of the largest decentralized lending platforms, debuted its long-awaited v4 upgrade on Ethereum, aiming to push DeFi beyond crypto trading and into broader financial markets. The upgrade has been in development for about two years and is designed to make it easier to use Aave for a wider range of lending and borrowing […]
A purpose-built AI security agent detected vulnerabilities in 92% of exploited DeFi smart contracts in a new open-source benchmark. The study, released Thursday by AI security firm Cecuro, evaluated 90 real-world smart contracts exploited between October 2024 and early 2026, representing $228 million in verified losses. The specialized system flagged vulnerabilities tied to $96.8 million […]