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Tether Backs Ark Labs in $5.2M Round to Expand Stablecoins on Bitcoin
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…
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What Happens When You Ignore Slippage? One Trader Just Found Out With a $50M Swap
Despite clear warnings, a trader confirmed a massive $50M swap and received just 324 Aave tokens
A user attempted to purchase the AAVE token with $50 million worth of…
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Bitcoin Strength Stuns Bears But They Haven’t Given Up Yet
Key takeaways:Bitcoin sits above $71,000 as weak US economic data and the US and Israel-Iran war drive investors toward scarce assets.Tech stocks’ correlation to BTC and rising oil prices suggest that the 5-month correction from $126,000…
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Democrats Promise to Oversee Reported DOJ Probe Into Binance
A group of Democratic senators say they will oversee a reported Justice Department investigation into possible Iran-related sanctions violations on the crypto exchange Binance.Senators Chris Van Hollen, Elizabeth Warren and Ruben Gallego…
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DeFi User Loses $50M in Crypto Swap Gone Wrong
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…
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What Is Solana’s Alpenglow Upgrade? New Consensus Could Deliver 150ms Transaction Finality
Solana’s next major protocol overhaul is edging closer to reality, and developers say it could dramatically reduce transaction confirmation times while simplifying the network’s core mechanics. Solana’s Alpenglow Upgrade Targets…
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Babylon, Ledger Integration Expands Bitcoin Vault Access
Bitcoin staking infrastructure developer Babylon Labs has integrated with Ledger, a cryptocurrency hardware wallet maker, in a move that could make it easier for holders to put their Bitcoin (BTC) to work in financial applications without…
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Aave-Linked Capo Oracle Glitch Triggered $27 Million in Liquidations
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…
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Wells Fargo Files Trademark for ‘WFUSD’ Crypto Services Platform
US banking giant Wells Fargo has filed a trademark application covering a wide range of cryptocurrency trading, payments and blockchain software services.A filing submitted to the US Patent and Trademark Office (USPTO) on Tuesday seeks…
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Crypto is Just Finance on Different Infrastructure: ASIC
Blockchain and crypto are technologies performing the same functions as existing financial infrastructure, so they shouldn’t be treated as separate asset classes when crafting legislation, according to the fintech chief of Australia’s…
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