Web3
Why a DeFi platform ditched its consumer app to become the secret backend for tech giants
Revenue fell from $80 million to $20 million in the bear market. OTC lending at $260 million outstanding is the fastest-growing line, targeting $1 billion by year-end.
1inch opens Aqua liquidity protocol across 13 chains
Liquidity providers can keep assets in their own wallets, using one balance to back multiple positions without splitting capital across different pools.
SecondFi to shut down after $2.4 million ADA wallet theft
The breach stemmed from a vulnerability in transaction signing software that enabled the derivation of private keys from blockchain transaction data.
More from Web3
DeFi protocol Summer.fi halts Lazy Summer vaults after $6 million exploit
The protocol’s SUMR token fell by over 18% after the incident.
Mysterious Solana project World unveiled as fully onchain prediction market
The platform is now live within the Phantom wallet and at world.xyz, utilizing Chainlink as its primary oracle infrastructure for market data.
Buterin says Ethereum Foundation will shrink, sell less ETH, and focus on 'CROPS'
Buterin's influence in the EF will decrease as the board expands. He framed the EF as "one node, with a defined purpose," not the center of Ethereum.
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."
Elon Musk's X to deploy scam kill switch by auto-locking first-time crypto mentioners
The move comes in response to a wave of phishing attacks using fake copyright emails and is the latest in an attempt to shut down crypto-linked scams on the platform.
