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A new stablecoin has emerged among the top ten U.S. dollar-pegged tokens. Known as USDB, this auto-rebasing stablecoin was developed by the Blast team. Despite the stablecoin economy being underwhelming…
Symbiotic debuts its restaking protocol with a $5.8M investment from Paradigm, promising flexible collateral options and rewards. The post Symbiotic launches ‘permissionless restaking’ protocol, secures $5.8M funding appeared first on…
SushiSwap transitions to Sushi Labs with a new council structure and multitoken ecosystem to address governance and market response issues. The post SushiSwap dissolves DAO, repositions as Sushi Labs with…
ZKSync is set to airdrop 17.5% of its ZK token supply to 695,232 eligible wallets starting next week, with the majority of tokens allocated to the project's community and ecosystem…
Ahmad Shadid, the founder of the decentralized physical infrastructure network (DePIN) protocol io.net, has announced that he is stepping down as CEO “effective immediately.” He said that despite the allegations…
UwU Lend, a decentralized lending platform, has become the latest victim of a malicious hack. According to the blockchain security firm, Arkham, the lending protocol saw $19.3 million stolen by…
UwU Lend, a DeFi protocol founded by Quadriga CX co-founder "Sifu," has suffered a $19.3 million exploit, with the exact method of the attack remaining unclear. The post DeFi protocol…
On June 10, the onchain intelligence platform Arkham revealed that the decentralized finance (defi) protocol Uwu Lend may have experienced a potential exploit. Arkham and Cyvers reported that more than…
The Solana Foundation has removed a group of validator operators from its delegation program due to their involvement in sandwich attacks on Solana users. The move aims to protect retail…
On June 7, the team behind the Zksync project Gemholic withdrew 921 previously locked ethereum tokens in a suspected rug-pulling incident. The Gemholic team executed the theft despite reportedly completing…