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Decentralized yield tokenization and trading protocol Pendle disclosed that an onchain wallet has been drained, and an exploiter is minting principal token (PT) / yield tokens (YT) "and dumping them."However, the protocol "has not been hacked and all funds remain safe," they said in a message on X Mā¦
South Korean internet giant Naver is absorbing Upbit, the country's largest cryptocurrency exchange, according to local news outlet Donga Ilbo.Naver plans to have its payment subsidiary, Naver Financial, undertake a comprehensive share exchange with Upbit's parent company Dunamu, making Dunamu a 100ā¦
Australia has proposed draft legislation requiring crypto exchanges and certain crypto service providers to hold Australian financial services licenses, according to the country's Treasury.In a consultation opened Thursday, the Treasury stated that the draft legislation would amend the Corporations ā¦
Native Marketsā USDH stablecoin has gone live on Hyperliquid, with trading now open in a USDH/USDC pair, according to an order book seen by The Block. Early volumes suggest a cautious yet active start, with roughly $2.2 million changing hands as the market gets underway.USDH is the first dollar-peggā¦
Holders of BlackRockās BUIDL and VanEckās VBILL onchain funds will be able to exchange their tokenized shares for the Ripple USD (RLUSD) stablecoin, following the deployment of new off ramps by Securitized."With this smart contract, BUIDL and VBILL holders can instantly exchange their shares for RLUā¦
Early-stage crypto venture firm Archetype said on Tuesday it has over $100 million in "total capital commitments" for its third fund.The firm said capital from the fund, dubbed "Archetype III," has already been deployed across some yet-to-be announced investments, according to a statement. Previouslā¦
Aster, a decentralized perpetuals exchange, has been gaining mass attention and traction in recent days following its token launch on Sept. 17. Aster was formerly known as APX Finance, before a rebrand following a merger with Astherus in March.Aster is backed by YZi Labs (formerly Binance Labs) and ā¦
An Australian fitness company known as Fitell Corporation (ticker FTEL) said Tuesday it has secured a $100 million "financing facility" to accumulate Solana as part of its new digital asset treasury (DAT) strategy.The company plans to rebrand as Solana Australia Corporation, according to a statementā¦
Crypto startup Raiku has raised $13.5 million to build infrastructure that it says will make Solana transactions predictable and "guaranteed," tackling one of the blockchain network's biggest challenges under heavy demand.The funding includes an $11.25 million seed round led by Pantera Capital, withā¦
Strive's all-stock acquisition of Semler Scientific could become a template for consolidation in the bitcoin treasury sector.On Monday, Strive (ticker ASST) reached a definitive agreement to acquire Semler Scientific (SMLR). The deal's fixed exchange ratio of 21.05 Strive shares for each SMLR share ā¦
The following article is adapted from The Blockās newsletter,Ā The Daily, which comes out on weekday afternoons.Happy Tuesday! Macro eyes are now turning to Friday's core PCE print, where a tame reading would hand Fed Chair Jerome Powell cover to lean dovish, fueling hopes of deeper liquidity and freā¦
Bitcoin and crypto losses subsided on Tuesday as traders waited for Federal Reserve Chair Jerome Powellās first remarks since last weekās rate cut and Fridayās core PCE inflation print. Analysts say the duo could set the tone for crypto into October after one of the yearās largest leverage flushes.Bā¦