Everything web3, crypto, defi, degen
In brief Projects are fighting over who will take control of the USDH ticker to create a “Hyperliquid-aligned” stablecoin. Major companies like Ethena, Paxos, Sky, and Agora have submitted proposals, most of which include a way to give back to the Hyperliquid community. But the relative newcomer Native Markets is currently looking most likely to…
In brief Ethena presented a proposal for Hyperliquid’s stablecoin. USDH would be indirectly backed by BlackRock’s tokenized BUIDL fund. Ethena would divert USDH revenue back into Hyperliquid’s ecosystem. Ethena Labs, makers of the synthetic-dollar protocol, cast its name into the USDH ring on Tuesday, presenting itself as a potential suitor for issuing Hyperliquid’s stablecoin.The decentralized…
Nemo Protocol, a DeFi platform built on the Sui blockchain, was hacked for $2.4 million late on Sunday, according to blockchain security firm PeckShield.The attack preceded scheduled maintenance on the platform planned for Monday and Tuesday.In a tweet, Nemo protocol stated that a “security incident” had affected its market pool. “We are investigating the matter…
In brief Renewed interest in tokenized Pokémon cards is being driven by a cryptocurrency’s debut. The Solana-based project adds a new dimension to their on-chain presence. Physically-backed Pokémon card NFTs have primarily existed on Polygon. Tokenized Pokémon cards are seeing renewed interest lately, partly due to the recent debut of a token for a Solana-based…
In brief A Binance Smart Chain user fell victim to a phishing scam and lost $13.5 million worth of tokens on Tuesday. Early reports suggested that BNB lending platform Venus Protocol had been hacked, but blockchain security firms subsequently confirmed that this was not the case. Venus Protocol and security firm PeckShield are in contact…
In brief Decentralized exchange BunniXYZ has reportedly lost $8.4 million to a liquidity-based security exploit. The DEX has paused all smart contract activity on its network and is “actively investigating” the attack. Hackers reportedly manipulated Bunni’s “liquidity curve,” also known as its LDF, to carry out the exploit. Decentralized exchange (DEX) BunniXYZ has reportedly lost…
In brief Blockstreet is creating a complimentary ecosystem for USD1, the Trump-backed stablecoin. Co-founder Kyle Klemmer believes that it will outmatch all other stablecoins by 2028. World Liberty Financial’s WLFI governance token becomes tradable on Monday. By the time U.S. President Donald Trump’s second term is over, USD1 will have become the world’s most dominant…
In brief Tron’s blockchain is expected to be 60% cheaper to use after a vote by users. The upgrade should make the network more attractive for crypto users, creator Justin Sun said. Tron is popular with stablecoin users, but transaction costs have risen over the last year. Tron has become cheaper to use after the…
In brief WLFI is expected to become tradable on Monday The token could decimate retail investors, analysts at Compass Point said. A lot of WLFI tokens were earmarked for insiders and early supporters. Analysts at investment bank Compass Point expect potential pitfalls for investors in the World Liberty Financial token when it hits the market…
In brief An investor lost 783 Bitcoin—$91 million worth a the time—to a social engineering scam, according to on-chain sleuth ZachXBT. The threat actor allegedly used a coin-mixing service to try to cover their tracks. ZachXBT alleged that three individuals used similar tactics to steal $243 million worth of Bitcoin a year ago. A crypto…
