Facing declining TVL and post-hack pressure, Balancer plans to overhaul its model, cut emissions, and reduce costs to stabilize protocol operations. Balancer Labs, the entity behind the DeFi protocol Balancer, is moving to wind down […]
A stablecoin tied to the crypto project Resolv Labs has lost its peg to the US dollar after an attacker was able to exploit the token’s contract to create millions of tokens for themselves. Resolv […]
Resolv Labs moved Sunday to reassure users after an exploit hit the issuance mechanics of its USR stablecoin, knocking the token off its dollar peg and prompting decentralized finance (DeFi) protocols with exposure to move […]
A new security report from Immunefi finds that crypto hacks continue at a steady pace while losses are becoming more concentrated in a small number of massive exploits. Analyzing 425 publicly known incidents between 2021 […]
After the US Securities and Exchange Commission (SEC) outlined four broad categories of digital assets that fall outside securities laws, Chair Paul Atkins offered further clarity on why nonfungible tokens (NFTs) generally do not meet […]
OP_NET said it is launching a “SlowFi” decentralized finance (DeFi) stack on Bitcoin that uses standard Bitcoin transactions and native BTC fees rather than bridges, wrapped assets or a separate gas token. According to a […]
While the March 30 event is canceled, OpenSea will hold a future product update session to showcase mobile and other features. OpenSea CEO Devin Finzer confirmed that the much-anticipated debut of the SEA token, which […]
Nonfungible token marketplace OpenSea has postponed the launch of its native token SEA, initially slated for March 30, citing tough market conditions and it not being market-ready. “The reality is that market conditions are challenging […]
Decentralized finance protocol Aave said it is introducing a new feature to block swaps with a price impact above 25% after a user lost $50 million in a trade while interacting with Aave’s interface last […]
In crypto’s latest infrastructure race, blockchains are competing to host perpetual futures exchanges. Many are now launching or incubating decentralized derivatives markets themselves, even as centralized platforms continue to dominate. Derivatives make up most of […]
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