AFX Protocol reportedly loses $24M in bridge exploit
Offchain Labs mentioned the incident concerned a third-party protocol and didn’t have an effect on Arbitrum’s native bridge infrastructure. Source link
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Pyth Launches USDY Price Feed For Aptos And Sui DeFi Markets
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Pyth Network has launched a USDY/USD price feed designed to support Ondo Finance’s yield-bearing USDY asset across the Aptos and Sui DeFi ecosystems. The feed gives developers and protocols real-time pricing data for USDY, which is important if the asset is used…
Movement Labs Files for Bankruptcy
The MOVE token is trading more than 99% below its all-time high of $1.45 and hit an all-time low barely two days ago. Movement Labs has filed for Chapter 11 insolvency protection in the US Bankruptcy Court of Delaware. This follows months of controversy and a token scandal that left the network dealing with major…
S&P Unveils Digital Asset Index Tracking Blockchain Fundamentals
S&P Dow Jones Indices and Pantera Capital launched a digital asset index that tracks blockchain networks and protocols based on protocol revenue, marking a departure from crypto benchmarks built around market capitalization or token prices. The index draws from the S&P Cryptocurrency Broad Digital Asset Index but only includes assets that meet minimum thresholds for…
XRP Ledger Axelar Integration Opens A New Cross-Chain DeFi Route
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure XRP Ledger Axelar Integration Opens A New Cross-Chain DeFi Route The XRP Ledger has connected to Axelar, opening a new route for XRP and XRPL-native assets to move into broader cross-chain DeFi environments. The integration allows XRP to connect with applications across…
Crypto Industry Launches First Major Legal Challenge to Illinois’ Digital Asset Tax
The case centers on equal treatment, with challengers claiming blockchain users should not face different tax rules than traditional finance. The Digital Chamber has filed a lawsuit to block Illinois’ upcoming crypto tax. The industry advocacy group argues that the tax unlawfully targets blockchain transactions for discriminatory reasons. Illinois Faces Legal Challenge Over Crypto Tax…
US Federal Officials Barred Until 2029 from Issuing or Sponsoring Tokens under CLARITY’s Proposed Ethics Rules
Senate Republicans have released the proposed text for the Digital Asset Market Clarity (CLARITY) Act, including language on ethics that would bar all US federal officials — including President Donald Trump — from issuing or sponsoring any digital asset. In the 616-page text of the CLARITY Act made public on Wednesday, US lawmakers included language…
Midnight Token Falls After $13M Wanchain Bridge Exploit
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Midnight Token Falls After $13M Wanchain Bridge Exploit Midnight’s NIGHT token fell sharply after a Wanchain bridge exploit drained 515 million NIGHT tokens worth approximately $13.2 million, according to validated on-chain and project materials. The incident was tied to a signature reuse…
Bitwise CIO Predicts the Biggest Crypto Bull Market Yet
Hougan said that investors should focus on Hyperliquid-style crypto protocols and Robinhood-like companies, which he believes could outperform during the next bull market. With the crypto market showing signs of bottoming, Bitwise Chief Investment Officer Matt Hougan said investors looking ahead to the next crypto bull market should pay particular attention to two types of…
Digital Chamber Sues Illinois Officials over 0.2% Crypto Tax
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