The $292 million exploit linked to KelpDAO is the latest in a long line of crypto bridge hacks, highlighting how systems designed to connect blockchains have become one of the easiest ways to break them. The incident involved KelpDAO’s use of LayerZero’s cross-chain messaging system, a type of infrastructure widely used to move data and […]
Blockchains were built as public networks in the best tradition of open source technology. But their future is private. And that future is coming faster than most people think. This month, Tempo – the Stripe-backed payments blockchain that raised $500 million at a $5 billion valuation, with Visa, Mastercard, Paradigm and UBS among its backers
The question is not whether privacy. What kind of privacy is that? Read More »
Welcome to our institutional newsletter, Crypto Long & Short. This week: Jennifer Rosenthal on the need to protect the people actually building DeFi infrastructure. Alexis Sirkia explains how Ethereum’s L2 strategy fails due to a fundamental design flaw. Institutions making headlines should pay attention, according to Francisco Rodrigues. Aave Market Share Falls After rsETH Mining
Protecting the people building DeFi infrastructure Read More »
Network News OPERATING VACHER DAO: A cross-chain bridge containing nearly a fifth of the circulating supply of a reinvested ether token has just been exhausted, and the fallout is spreading across DeFi faster than Kelp DAO can suspend contracts. An attacker drained 116,500 rsETH (reinvested ether) from Kelp DAO’s LayerZero-powered bridge at 5:35 p.m. UTC
Kelp DAO leveraged for $292 million Read More »
The crypto industry frequently finds bankers involved in its priority regulatory efforts, and this time, a coalition of banking trade associations has asked the U.S. Treasury Department to extend the window during which the public can weigh in on the implementation of last year’s Guiding and Establishing National Innovation for American Stablecoins (GENIUS) Act. In
Banks Seek to Slow Implementation of GENIUS Stablecoin Oversight Act Read More »
Crypto trading firm GSR has launched its first exchange-traded fund (ETF), entering a rapidly growing segment of the digital assets market as investor demand for regulated exposure to crypto continues to rise. The GSR Crypto Core3 ETF, traded under the symbol BESO on Nasdaq, provides exposure to three major cryptocurrencies, including bitcoin. BTC$78,068.51ether (ETH) and
Strategy’s (MSTR) perpetual preferred stock, STRC, is now one week past its April 15 ex-dividend date. With Bitcoin BTC$79,331.16 Now at $79,000, this is the first time in six months that BTC has increased in the week following the payment event. At the time of the ex-dividend date, bitcoin was around $75,000, highlighting BTC’s continued
Bitcoin Breaks Strategy’s STRC Ex-Dividend Date Cut for First Time in Six Months Read More »
The UK’s Financial Conduct Authority (FCA) has carried out its first coordinated crackdown on illegal peer-to-peer cryptocurrency trading, targeting eight sites across London in a joint operation with His Majesty’s Revenue & Customs (HMRC) and the South West Regional Organized Crime Unit (SWROCU). Authorities issued cease and desist notices to each site and gathered evidence
UK FCA raids eight illegal peer-to-peer trading centers Read More »
Mining companies HIVE Digital (HIVE) and Keel Infrastructure (KEEL) are doubling down on artificial intelligence (AI) infrastructure, continuing the theme of a broader shift in the sector away from bitcoin. BTC$79,066.03 exclusively mining. HIVE raised $115 million through a zero-interest convertible note offering, with proceeds intended to expand its global data center footprint and GPU
AI pivot accelerates as HIVE raises new capital and Keel reshapes its portfolio Read More »
CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2157.12, up 3.4% (+71.19) since 4 p.m. ET Tuesday. All 20 assets are trading higher. Leaders: APT (+5.5%) and ICP (+5.3%). Laggards: XLM (+0.9%) and CRO (+1.9%). The
Aptos (APT) Rises 5.5%, Rising Index Leader Read More »
