DeFi
How a Solana feature designed for convenience let attackers drain more than $270 million from Drift
The exploit did not involve a bug in Drift's code. It used "durable nonces," a legitimate Solana transaction feature, to pre-sign administrative transfers weeks before executing them, bypassing the protocol's multisig security in minutes.
Solana DeFi platform Drift confirms 'active attack' as more than $200 million leaves platform
The platform halted deposits while it investigates suspicious activity and urges users to proceed with caution.
Lido DAO proposes $20 million LDO buyback to boost price after 95% slide
A proposed treasury buyback of up to 10,000 stETH for LDO highlights how thin DeFi governance token liquidity has become, forcing the DAO to route through centralized exchanges.
Aave rolls out v4 on Ethereum, aiming to expand DeFi into real-world credit markets
The upgrade has been in development for about two years and is designed to make it easier to use Aave for a wider range of lending and borrowing activities.
Midas raises $50 million to tackle pain point for tokenized asset investors
The funding will support the introduction of an instant redemption system for onchain funds, a key hurdle for broader institutional adoption.
Crypto's CLARITY Act could be a headwind for DeFi tokens ring-fencing yield, analyst says
The proposed restriction on yield would shift value toward regulated players and away from decentralized finance' tokens, 10x Research's Markus Thielen said.
Sky-backed Obex spreads $1 billion across credit, energy and AI assets to expand stablecoin yield
The stablecoin incubator is targeting tokenized assets tied to AI hardware, energy and housing to move Sky’s ecosystem beyond "circular" crypto yields.
Crypto finance is beginning to look at lot more traditional, Aave and Ethena founders say
Until recently, crypto users mostly traded tokens or borrowed against them, often chasing high, but unpredictable yields. New tools allow them to lock in returns, even in a market known for big swings.
ParaFi defies crypto market downturn with $125 million raise for new fund: Bloomberg
The firm now manages about $2 billion, having already raised an additional $325 million for existing crypto investment strategies since last year.
Pharmaceutical firm pivots to stablecoins, holds nearly 9% of SKY's supply
Nanocap NovaBay Pharmaceuticals changed its name to Stablecoin Development Corporation.
