Tagged: defi

June 1, 2026 @ 10:14 am By Omar Faridi  |  

Cross-chain bridge Gravity Bridge, which enables asset transfers between Ethereum and the Cosmos ecosystem, fell victim to a security incident on May 30. On-chain monitoring firms detected unauthorized outflows totaling roughly $5.4 million from the protocol’s Ethereum contract. Analysts largely attribute the breach to a… Read More

June 1, 2026 @ 7:57 am By Omar Faridi  |  

DeFi lending protocol Aave is implementing revisions to how it assesses and approves assets for its digital assets markets. This move comes in the wake of a significant incident involving rsETH, Kelp DAO’s liquid restaked Ether token, which exposed vulnerabilities in cross-chain bridging mechanisms. The… Read More

May 27, 2026 @ 6:32 pm By Omar Faridi  |  

Kelp DAO has announced the completion of its comprehensive recovery efforts for rsETH, its liquid restaking token. This milestone arrives roughly five weeks after a significant exploit that had been reported initially on April 18, 2026, that saw approximately 116,500 to 117,132 rsETH tokens—valued at… Read More

May 27, 2026 @ 11:10 am By Omar Faridi  |  

Coin Metrics has indicated in a new report that so-called decentralized lending platforms like Aave form the backbone / infrastructural foundation of on-chain finance, allowing users to borrow assets while suppliers earn yields on otherwise idle holdings. Once dominated by incentive programs, Aave has matured… Read More

May 27, 2026 @ 6:32 am By Omar Faridi  |  

OKX has rolled out Exchange OS on its Ethereum Layer 2 network, X Layer. This protocol upgrade enables blockchain developers, institutions, and independent builders to create and operate their own trading platforms without relying on traditional centralized approvals or rebuilding core infrastructure from the ground… Read More

May 27, 2026 @ 1:22 am By Omar Faridi  |  

UK-based digital assets-focused firm Archax has formed a strategic alliance with Swiss fintech innovator GenTwo. The collaboration aims to deliver tokenized versions of actively managed certificates (AMCs) and structured products directly onto blockchain networks, making sophisticated investment strategies more accessible in digital formats. Archax, a… Read More

May 26, 2026 @ 5:43 pm By Omar Faridi  |  

Hyperliquid, a decentralized perpetuals exchange known for its high-performance HyperCore infrastructure, has taken a step forward in expanding its derivatives offerings. Through an extension of its HIP-4 proposal, the platform now supports outcome-based markets tied to real-world, offchain events. This development now enables the network’s… Read More

May 26, 2026 @ 3:30 pm By Omar Faridi  |  

CoinGecko has indicated that Hyperliquid’s builder program has emerged as a key driver of growth for the perpetuals exchange, enabling third-party developers—such as wallets, trading platforms, Telegram bots, and specialized apps—to direct user trades to its unified liquidity pool while retaining full control over additional… Read More

May 26, 2026 @ 1:56 am By Omar Faridi  |  

DeFi protocol developer Aave has recently pointed out in a blog post that in an environment of growing cryptocurrency adoption, one persistent question remains. That being, how can consumers more seamlessly spend digital assets in the real world? Aave explained in a blog post that… Read More

May 25, 2026 @ 10:21 pm By Omar Faridi  |  

A serious security incident has hit StablR, causing its euro-linked EURR and dollar-linked USDR stablecoins to lose their intended parity. The breach enabled the production of roughly $13.5 million in unsupported tokens through unauthorized access to administrative controls. The event, which surfaced on May 24,… Read More

May 25, 2026 @ 8:25 pm By Omar Faridi  |  

Decentralized derivatives platform Hyperliquid is now said to be steadily broadening its overall impact, moving well past its origins in crypto perpetual futures to penetrate into territories historically dominated by conventional exchanges and specialized betting platforms. A recent, extensive analysis from institutional crypto prime broker… Read More

May 25, 2026 @ 11:11 am By Omar Faridi  |  

Cybersecurity researchers have uncovered a seemingly sophisticated supply chain campaign referred to as TrapDoor, which deploys malicious packages across popular package registries to compromise developers working in cryptocurrency, decentralized finance (DeFi), artificial intelligence, and blockchain environments. The operation, first spotted on May 22, 2026, has… Read More

May 23, 2026 @ 8:25 am By Omar Faridi  |  

US dollar or Euro pegged stablecoins and regulated digital assets platforms such as Coinbase (NASDAQ:COIN), Gemini (NASDAQ:GEMI), and Kraken (under parent firm Payward) now decisively dominate US markets. Meanwhile, more speculative altcoins and associated decentralized projects, such as Cardano (ADA), EOS, and IOTA, have basically not made much noise during this past Bitcoin… Read More

May 23, 2026 @ 8:21 am By Omar Faridi  |  

Web3 referred to an evolving set of standards aimed at improving upon web2, which is a set of protocols and standards that make up the modern Internet. These standards include HTTP, TCP/IP, and various other online protocols through which internet traffic is running. But when… Read More

May 22, 2026 @ 12:31 pm By Omar Faridi  |  

The Ethereum Layer 2 project known as Zero Network has said that it will end its independent operations. Launched roughly 18 months ago in late 2024 by the developers of the Zerion wallet, the initiative had aimed to deliver a seamless, fee-free experience for cryptocurrency… Read More

May 22, 2026 @ 1:07 am By Omar Faridi  |  

Decentralized finance (DeFi) lending platform Aave has re-enabled borrowing against wrapped Ether (WETH) on multiple blockchain networks. This development signals substantial headway in addressing the repercussions of the April exploit affecting Kelp DAO, which triggered widespread liquidity challenges and a decline in the protocol’s total… Read More

May 21, 2026 @ 9:46 pm By Omar Faridi  |  

Kraken‘s (part of parent entity Payward) Layer 2 blockchain, Ink, recently has deployed Tydro—which is described as a custom lending platform built on Aave’s technology. This initiative highlights how established infrastructure can accelerate secure DeFi growth within new ecosystems, drawing significant liquidity and enabling improved… Read More

May 19, 2026 @ 6:35 pm By Omar Faridi  |  

A significant security breach has emerged in the Bitcoin DeFi segment, drawing fresh scrutiny to administrative safeguards in emerging blockchain deployments. The Echo Protocol, a BTCFi project running on the Monad network, encountered unauthorized token generation involving roughly 1,000 eBTC — a synthetic Bitcoin asset… Read More

May 19, 2026 @ 11:44 am By Omar Faridi  |  

Standard Chartered Bank (LON: STAN) has projected that the total value of tokenized assets on blockchain networks could reach an impressive $4 trillion by the close of 2028. This forecast, shared by Geoffrey Kendrick, the bank’s Global Head of Digital Assets Research, underscores the accelerating… Read More

May 19, 2026 @ 9:44 am By Omar Faridi  |  

Hyperliquid, a Layer-1 blockchain known for its decentralized perpetual futures trading, has entered an agreement with stablecoin focused Circle (NYSE:CRCL) and Coinbase (NASDAQ:COIN). This move positions USDC as the platform’s primary “Aligned Quote Asset,” marking a significant evolution in how stablecoin yields are distributed within… Read More