Security breaches across decentralized finance are increasingly functioning as an implicit cost for users chasing high returns, according to analysis citing DeFiLlama data. The figures show $780.3 million in known losses during the second quarter, with attacks concentrated around cross-chain bridges, compromised private keys, and flaws in protocol
A new stablecoin called Open USD aims to differentiate itself by distributing reserve revenue to participating businesses, a departure from models where issuers retain interest earnings. Backed by major financial and crypto firms including Visa, Stripe, and Coinbase, the project is being developed under the Open Standard initiative and is
MetaMask has expanded beyond its core wallet functionality with a new Money Account that integrates stablecoin yield generation and everyday spending into a single interface. The move reflects a broader industry effort to make stablecoins more practical for purposes beyond trading and transfers, positioning them as tools for saving and
BlackRock has integrated deeper support for Ethena's stablecoin products into its Aladdin platform, the risk management and portfolio system widely used by institutional investors. The update is designed to make Ethena's USDe synthetic dollar more accessible to investment professionals seeking what the firms describe as '
Loopring, an Ethereum zkRollup project, is winding down its decentralized exchange after citing insufficient meaningful adoption of the platform. The team plans to return all remaining user funds through a smart contract upgrade, structured so that users will not be required to cover the associated transaction costs. Loopring was an
A vulnerability in SecondFi's wallet-generation software allowed an attacker to drain roughly $2.4 million worth of ADA from 374 addresses over a three-day period. The flaw affected how the platform created Cardano wallets, exposing users' funds to the exploit. In response, SecondFi has outlined
GnosisDAO has approved GIP-151, a governance proposal that establishes a one-time, pro rata treasury redemption mechanism for GNO token holders. Under the measure, holders can surrender their tokens in exchange for a proportional share of the DAO's liquid treasury assets, valued at roughly $223 million. The
Tether is expanding its tokenized gold business by enabling holders of its XAUT token to borrow against their bullion without selling the underlying asset. The move mirrors the mechanics of bitcoin-backed lending, letting users access liquidity while retaining exposure to gold's price movements. The strategy puts Tether&
StablecoinX is set to make its Nasdaq debut on Friday following a merger with TLGY, positioning itself as a public-market vehicle tied to the Ethena ecosystem. The move arrives as Ethena's synthetic dollar, USDe, faces significant contraction, with its circulating supply falling roughly 70% since peaking above
Tokenized equities on Solana have reached $1 billion in weekly trading volume, reflecting growing investor appetite for blockchain-based access to stocks that are otherwise difficult to obtain. A notable share of activity is concentrated in SPCX, signaling real demand for hard-to-access equities through tokenized formats. The trend
Crypto exchange Kraken is reportedly negotiating to acquire a 15% stake in DeFi lending protocol Aave, valuing the platform at roughly $385 million. The potential deal comes as Aave works to recover from significant disruption tied to April's KelpDAO exploit, which triggered a multibillion-dollar withdrawal of deposits.
A South Korean digital bank serving 15 million users is exploring Solana-based stablecoins to power cross-border remittances, signaling growing institutional interest in blockchain payment rails. The proof-of-concept (PoC) is designed to keep the customer relationship within a regulated application, allowing users to send funds abroad without