Hyperliquid, a decentralized exchange known for its perpetual futures trading, is expanding into prediction markets through an upgrade called HIP-4. The new feature will allow permissionless prediction markets, meaning users can create and participate in markets without gatekeeping or centralized approval. According to the announcement, the functionality will roll
Cross-chain protocol Allbridge suspended its services following an exploit that drained approximately $1.65 million from its platform. The attacker took out a $1.12 million flash loan from lending protocol Kamino, using the borrowed funds to manipulate the ratios within Allbridge's liquidity pools. This manipulation allowed
Cross-chain protocol Allbridge suspended its Core service after an attacker exploited a vulnerability to drain roughly $1.65 million in a flash loan attack. Security firms PeckShield and CertiK, monitoring the incident onchain, reported that the perpetrator moved the stolen assets from Solana to Ethereum, a common tactic used
Concentrated liquidity in decentralized exchanges is failing to generate returns when deposited outside active price ranges, leaving substantial capital unproductive. According to recent data, roughly $542 million in liquidity per week sat beyond the ranges where trading actually occurs, meaning that money earned zero fees for providers and contributed no
Venture firm Multicoin Capital has made its first investment in a project built on the Hyperliquid network, signaling growing institutional interest in the ecosystem. The target, Trasia, is a trading platform designed specifically for Asian traders and was co-founded by Mable Jiang, a former partner at Multicoin Capital. By
Coinbase's Base network is handing operational control of its flagship app to prominent crypto commentator Cobie, marking a notable shift in how the Ethereum layer-2 platform manages its consumer-facing product. The move comes alongside broader industry developments, including Stripe's reported $53 billion push into
Ostium, a perpetuals trading exchange built on the Arbitrum network, suffered an $18 million loss after attackers compromised one of the platform's oracle signer keys. By gaining control of that key, the hackers were able to manipulate the exchange's price feed, feeding false market data into
Perpetuals trading platform Ostium suspended its operations following an apparent exploit that drained roughly $18 million from one of its vaults. Onchain data indicates the attacker converted the stolen USDC into ETH before dispersing the proceeds across multiple wallets, a common tactic used to obscure the movement of illicit funds
The attacker exploited weaknesses in how Ostium sources and validates price data, a vulnerability increasingly targeted across decentralized finance. By submitting falsified, future-dated oracle information to the protocol's own price-reporting system, the hacker fabricated fictitious trading profits. This manipulation triggered a payout of roughly $18 million
Ripple Labs, the company behind the XRP blockchain, has developed RLUSD as a regulated stablecoin intended to hold a consistent value of one U.S. dollar. The token is fully backed on a one-to-one basis by reserves consisting of cash, short-term U.S. Treasury bills, and other
Japan's SBI Group is expanding its digital asset offerings by introducing a lending service for the JPYSC stablecoin later this month, according to a report from Nikkei. The service would allow users to deposit JPYSC stablecoins and earn a 3% annual yield in return. The move reflects growing
Tokenized sovereign debt is moving from theoretical concept to a functioning market segment, with a $407 million Treasury fund illustrating how Wall Street is assembling the infrastructure. The category now includes several working components: tokenized government money funds, onchain ownership records, programmable transfer rails, and mechanisms designed to convert government