Ethereum price is holding steady above key levels even as heavy ETF withdrawals test investor confidence. Summary Ethereum price rebounds above $4,100 despite a record $796 million in net outflows from spot ETFs last week. Major issuers led the Ethereum ETF withdrawals with Fidelity’s FETH seeing $362 million in redemptions and BlackRock’s ETHA losing over…
Hyperdrive has restored operations and compensated users after a June exploit drained funds from two markets on the Hyperliquid blockchain. Summary Hyperdrive exploited for ~$700K on Sept. 27. Attack traced to router contract permissions. Users reimbursed, markets fully restored. Hyperdrive, a decentralized finance protocol on the Hyperliquid blockchain, has resumed full operations and restored funds…
A wallet allegedly linked to the world’s largest YouTuber, MrBeast, has accumulated over $1 million worth of BNB Chain-based decentralized exchange token ASTER over the past few days. Summary A wallet allegedly tied to MrBeast accumulated over $1 million worth of ASTER, according to Lookonchain. ASTER has surged more than 1,800% since launch. According to…
Cardano price has plunged into a bear market by over 24% from the year-to-date high; technicals in the DeFi industry point to more downside. Summary Cardano price has formed a head-and-shoulders and a rising wedge pattern on the daily chart. The total value locked in its DeFi ecosystem has plunged in the past few weeks….
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. If you’ve been in web3 for more than five minutes, you’ve either been scammed, almost been scammed, or one bad click away from joining the club. Never mind the big rug pulls…
Suspicious withdrawals from Hypervault have set off fears of a rug pull, with millions in crypto assets rapidly moved out of the platform. Summary Hypervault sparks rug pull fears with $3.6 million drained and funneled through Tornado Cash. The protocol’s official X account vanished after the withdrawals, fueling fears that the team has abandoned the…
Circle is exploring refund-style payments for USDC on its Arc blockchain to help institutions handle disputes. The plan mixes blockchain speed with some of the protections people expect from regular banks. Summary Circle is testing a way to let some USDC payments be reversed in cases of fraud or dispute. The move is aimed at…
Ethereum ETFs have suffered another day of outflows, dragging ETH below the key $4,000 mark as institutional sentiment turns bearish. Summary Ethereum ETFs posted outflows reaching $251 million on Sept 25, the largest single-day redemption this week, reflecting sharp institutional pullback. Fidelity’s FETH fund accounted for over 60% of the day’s losses, with $158 million…
HYPE price remained flat and failed to reverse its multi-week downtrend, even as prominent asset manager BitWise filed for the first spot exchange-traded fund that holds and tracks Hyperliquid’s token. Summary HYPE price remained in a multi-week downtrend even as Bitiwse filed for a Hyperliquid ETF. Bitwise’s HYPE ETF does not qualify for accelerated approval…
Ethena Labs has launched USDe and sUSDe on Plasma, making its key dollar assets central to the new layer 1’s decentralized finance ecosystem from day one. Summary Ethena launched USDe and sUSDe on Plasma’s mainnet. Aave markets opened with $1B capacity backed by Binance liquidity. USDe supply has reached $14B, now third-largest stablecoin. The launch…
