Web3

Web3

Web3

Kelp claims that LayerZero approved the setup it blamed for $292 million bridge hack

The $292M exploit, linked to North Korean hackers, led Kelp to migrate its rsETH off LayerZero's "OFT" standard to Chainlink's "CCIP."

Hacker facing screens with lines of code (Boitumelo/Unsplash)

Markets

More than 90% of Web3 games failed after $15 billion boom as gamers never showed up: Caladan

Gaming took 63% of all Web3 venture funding in 2022, but by 2025 its share had fallen to single digits as capital rotated into AI, real-world assets and layer-2 infrastructure.

A shuttered bank in the ghost town of Rockerville, South Dakota, near Mount Rushmore. (Peter Unger/Getty Images)

Tech

North Korea’s crypto heist playbook is expanding and DeFi keeps getting hit

More than $500 million was siphoned across the Drift and Kelp exploits in just over two weeks. What once looked like isolated breaches now resembles a sustained campaign, likely driven by the financial needs of a sanctioned state.

hacker

Tech

Hack at Vercel sends crypto developers scrambling to lock down API keys

Breach tied to compromised AI tool may have exposed credentials used by app frontends, the user-facing layer that connects web3 wallets and trading interfaces to backend services.

Hacker (Getty Images/Seksan Mongkhonkhamsao)

Markets

Venus’ XVS token plunges 9% as exploit leaves protocol with bad debt

The exploit, which occurred on March 16, didn’t appear to impact XVS prices until analysis showed major holders moving large amounts to exchanges.

Trading screen with price monitors and charts (Yashowardhan Singh/Unsplash)

Opinion

Crypto Has Reinvented and Replatformed the Middle Man

For those of us who want to use crypto to make the world better, we need to start calling out this behavior for what it is: short-sighted, selfish, unwelcome greed, says VeChain co-founder Sunny Lu.

CoinDesk

Finance

1kx: Onchain Economy Hits $20B as Fees Signal Real Demand

The firm’s Onchain Revenue Report (H1 2025) aggregates verified onchain data across more than 1,200 protocols, tracking how value actually moves through decentralized systems.

A new study looks at DLT use in financial markets (Lorenzo Cafaro/Pixabay)

Opinion

The Crypto Industry Must Evolve to Match Real-World Security Risks

Security issues like data breaches and phishing attacks are a type of feedback for Web3 designers, argues Tools for Humanity’s Adrian Ludwig.

Safety Deposit Boxes (Shutterstock/Modified by CoinDesk)

Opinion

There Is Too Much Friction in Web3 For Newcomers. Here’s How We Fix it.

The promise of a seamless digital economy is being sabotaged by a simple, recurring nightmare: network switching, says ZetaChain core contributor Jonathan Covey.

Blockchain Technology

Finance

YZi Labs Introduces $1B Fund for BNB Chain Projects

YZI Labs says it wants the BNB ecosystem to form a backbone of "democratized access and ownership"

Chanpeng "CZ" Zhao (Nikhilesh De/Modified by CoinDesk)