Blockchain prediction markets platform Polymarket is acquiring Brahma, a crypto startup that provides decentralized finance (DeFi) infrastructure. “As part of this transition, our team will dedicate itself to evolving Polymarket’s stack and product suite,” Brahma stated in an announcement on Wednesday. Brahma, founded in 2021, says it has processed over $1 billion in volume and…

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Twenty-one crypto organizations have signed an open letter urging US colleges to incorporate decentralized finance into their curricula, arguing that there will be massive demand for crypto talent on Wall Street. “Our purpose with this letter is simple: to respectfully urge higher education institutions across the United States to further integrate digital assets, blockchain, and…

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Decentralized autonomous organizations (DAOs) were built on an ideological premise that is now running up against the realities of running a business, where decentralization collides with the need for legal ownership and control. On March 11, DAO Across Protocol made a controversial proposal to transition to a private company through a token-to-equity exchange buyout. Risk…

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Key takeaways A temporary 2.85% pricing discrepancy in wstETH collateral triggered about $27 million in liquidations on Aave, showing how even small technical issues can have major financial consequences in automated DeFi lending systems. The liquidation wave occurred because Aave’s system briefly valued wstETH at about 1.19 ETH instead of its market value near 1.23…

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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 week.  “We are soon deploying a new feature, Aave Shield, which provides more protections for users who use the swap…

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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 today’s crypto trading activity, often accounting for the majority of total volume. On Tuesday, Bitcoin (BTC) spot trading volume across…

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A crypto user has lost millions during a crypto swap on the decentralized finance protocol Aave, with a Maximal Extractable Value, or MEV, bot also front-running the transaction to make almost $10 million. A recently funded wallet from Binance containing $50.4 million USDt (USDT) executed a swap via decentralized exchange aggregator CoW Protocol and the…

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Tether’s investment arm has invested in Ark Labs, the developer of the programmable Bitcoin infrastructure Arkade, as part of a $5.2 million funding round to expand stablecoin capabilities on the Bitcoin network. According to Thursday’s announcement from Ark Labs, the investment is intended to support infrastructure that enables stablecoins such as USDT (USDT) to be…

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Bonk.fun warned users not to use its site after attackers hijacked the domain and pushed a fake wallet-draining prompt. The domain of Solana-based platform memecoin launchpad Bonk.fun has been hijacked after attackers gained access to a team account and deployed a wallet-draining scheme through the site. The Bonk.fun account on X warned users early Thursday…

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A configuration error in a risk-oracle system used by crypto lending platform Aave triggered the liquidation of about $27 million in wrapped staked Ether (wstETH) positions, prompting the protocol to move to compensate affected users. In a post-mortem published Tuesday, Aave said about 10,938 wstETH worth around $27.1 million was liquidated after the protocol applied…

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