Category: Crypto News
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OCBC Issues Tokenized Physical Gold Fund on Ethereum and Solana
The value of tokenized real-world assets on public blockchains is estimated at more than $29 billion, up more than 10% in the last 30 days. OCBC, one of Singapore’s largest banking and financial services corporations, has launched a tokenized physical gold fund, with the underlying token, GOLDX, issued on both Ethereum and Solana. The launch…
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Arbitrum Freezes 30K ETH Tied to Kelp Hack
Ethereum layer-2 blockchain Arbitrum on Monday froze more than 30,000 Ether worth about $71.2 million held in a wallet connected to the recent exploit of the Kelp protocol. Arbitrum said on Monday that its security council, a 12-member body elected by the Arbitrum community, took “emergency action” to freeze 30,766 Ether (ETH) that was held…
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Bitcoin Holds $75K As Altcoins Search For Bullish Momentum
Key points: Buyers aggressively bought into the dip in Bitcoin, indicating positive sentiment. That increases the possibility of a rally to $84,000. Several major altcoins have pulled back to their support levels, signaling that the bears remain sellers on rallies. Bitcoin (BTC) corrected over the weekend but is finding buyers at lower levels, indicating a…
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Aave’s TVL Falls $8B After $293M Kelp DAO Hack
Total value locked on decentralized lending protocol Aave dropped by nearly $8 billion over the weekend after hackers behind the $293 million Kelp DAO exploit borrowed funds on Aave, leaving roughly $195 million in “bad debt” on the protocol and triggering withdrawals. Data from DeFiLlama shows that Aave’s TVL fell from about $26.4 billion to…
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Coinbase Expands Crypto-Backed USDC Loans to UK Users
Crypto exchange Coinbase has rolled out crypto-backed USDC loans for users in the United Kingdom, allowing users to borrow USDC against Bitcoin, Ether and Coinbase Wrapped Staked Ether (cbETH). The loans are issued through Morpho, a lending protocol on Base. According to a Monday announcement, users can borrow up to $5 million in USDC (USDC)…
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Hands-on Review by Bitcoin.com – Unravelling HTX’s World
HTX, established in 2013, ranks among the longest-standing cryptocurrency exchanges. The platform has developed from a basic trading venue into a comprehensive ecosystem, integrating spot markets, derivatives, earning products, launch features, educational resources, copy trading, and an expanding governance structure associated with the HTX DAO. The platform distinguishes itself by offering a comprehensive trading environment…
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Ethereum Faces Liquidity Pressure as Price Swings Between $2,200 and $2,500 Zones
TLDR: ETH moved between $2,200 and $2,500 as liquidation zones triggered sharp price reversals Heavy leverage clusters near $2,200 and $2,480 continue shaping short-term ETH volatility patterns The failed breakout near $2,450 led to renewed downside pressure toward lower liquidity support zones Despite price weakness, Ethereum recorded over 200M transactions, showing strong network activity Ethereum…
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LayerZero Says Kelp Setup Caused Exploit, as Aave Loss Questions Mount
Interoperability protocol LayerZero claims that an inadequate setup tied to Kelp’s decentralized verifier network (DVN) enabled malicious actors to steal $290 million from Kelp DAO, adding that preliminary signs point to North Korea-linked threat actors. An attacker drained about 116,500 Restaked ETH (rsETH), worth as much as $293 million at the time, from Kelp DAO’s…
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Bitcoin Could Avoid a Full Quantum Freeze Under New ‘Canary’ Proposal
Instead of freezing coins early, BitMEX Research suggests waiting for proof, which can be done by using a special address to trigger a freeze if a quantum computer is proven to exist. A new proposal suggests a mechanism that would trigger a freeze only on quantum-vulnerable coins if a computer of that type is…
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Kelp Exploit Spread ‘Contagion’ Throughout DeFi Ecosystem: Crypto Execs
The exploit of the Kelp liquid restaking protocol shows how non-isolated lending and integrations in decentralized finance (DeFi) can cause broader ecosystem contagion, according to crypto industry executives and blockchain security firms. Non-isolated lending on DeFi platforms, including earlier versions of the Aave lending protocol, exposes users to risks from all the various tokens used…
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