Convex Finance

Latest Convex Finance news and analysis from CoinDesk, the leader in crypto journalism. Read in-depth coverage, expert insights, and price updates.

Convex Finance

Convex Finance Bug Causes CVX Token to Sink on Forced Token Unlock

After a smart contract exploit, locked CVX tokens flooded the market, dragging down prices.

By Andrew ThurmanMar 4, 2022

Convex users are battling through excess liquidity. (Jeff J Mitchell/Getty Images)

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Latest Crypto News

Today

3:00 PM

Negative

Wall Street’s trillion-dollar dilemma: Why AI-powered hackers are keeping big banks off the blockchain

CertiK CEO and co-founder Ronghui Gu says April was the worst month for DeFi in four years with exploits on 27 out of 30 days.

1:00 PM

Positive

When the market is bad, we build: Inside Binance’s bold 2030 master plan

Established crypto firms will merge with traditional finance, but neither Wall Street bankers nor corporate giants will take over the crypto industry, said Binance’s Head of VIP and Institutional, Catherine Chen.

1:00 PM

Positive

Hyperliquid could become a ‘financial services juggernaut’ as DeFi expands, says Grayscale

The digital asset manager says Hyperliquid is emerging as a blockchain-based financial infrastructure platform with the potential to expand beyond crypto trading and challenge parts of traditional derivatives and exchange markets.

11:35 AM

Neutral

XRP ETFs add $35 million as bitcoin and ether funds lost $2 billion in late May

From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.

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