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Key Takeaways The Ethereum layer-2 project Kinto has announced it will officially wind down operations on September 30, a decision that sent its governance token plummeting by over 80%. The shutdown comes months after a devastating $1.6 million hack and a subsequent failure to secure new funding. The Kinto team stated that after the last … Read more

Key Takeaways In a rare and remarkable display of a decentralized community coming together, the DeFi lending platform Venus Protocol announced it helped a user recover a staggering $13.5 million in crypto. The recovery effort, which took less than 12 hours, was a rapid response to a sophisticated phishing attack linked to the infamous North … Read more

Key Takeaways In a proactive measure to protect its users, the Trump-linked decentralized finance (DeFi) project World Liberty Financial (WLFI) announced it successfully blocked a series of hacking attempts. According to the team, they used an “on-chain blacklisting” mechanism to disable compromised wallets, thwarting theft attempts related to the project’s recent token launch. Blacklisting vs. … Read more

Key Takeaways In a new blow to the decentralized finance (DeFi) sector, the Bunni decentralized exchange (DEX) has been paused after a security exploit led to a loss of approximately $2.4 million in stablecoins. According to on-chain data and security analysts, the attack was not a simple smash-and-grab but a sophisticated manipulation of the platform’s … Read more

Key Takeaways In a highly bullish forecast that has resonated across the crypto community, Real Vision CEO Raoul Pal has predicted that the number of global crypto users will reach a staggering 4 billion by 2030. Pal, a former hedge fund manager and a long-time crypto advocate, presented his theory by drawing a direct comparison … Read more

Key Takeaways The Bitcoin bull market is currently at a critical juncture, facing a major test of a key technical and psychological support level. According to popular trader Roman, the continuation of the entire bull cycle is dependent on the $100,000 price point. If Bitcoin fails to hold above this six-figure milestone, the current uptrend … Read more

Key Takeaways In a controversial statement, blockchain investigator ZachXBT has publicly expressed his frustration with scammed XRP holders, calling them “exit liquidity for insiders.” The prolific on-chain sleuth, known for his work in tracking down crypto criminals, has stated that he is disinclined to help members of the Ripple community who fall victim to scams, … Read more

Key Takeaways In a landmark announcement at the WebX conference in Tokyo, Web3 powerhouse Animoca Brands has partnered with Antler’s Ibex Japan to launch a dedicated investment fund. The fund’s mission is to unlock the immense value of Japan’s vast library of anime and manga intellectual property (IP) by bringing it on-chain. This collaboration aims … Read more

Key Takeaways A new security vulnerability is emerging within the Ethereum ecosystem following the implementation of Ethereum Improvement Proposal 7702 (EIP-7702). Cybercriminals have already exploited it in a series of phishing attacks. The New Attack Surface Explained EIP-7702 allows traditional Ethereum wallets to perform complex actions like batching transactions or delegating tasks to a specific … Read more

Key Takeaways The crypto market has been buzzing with anticipation following what many are calling a “dovish” speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole economic symposium. His comments hinting at a potential interest rate cut in September sparked a significant rally across the market, pushing Bitcoin and other digital assets … Read more