Sky’s token migration is entering its final stretch, with Balancer warning MKR holders that they have just days left to swap into SKY. Summary Balancer set a Sept. 18 deadline for MKR holders to migrate to SKY, the new governance token of the Sky Ecosystem. Penalties of 1% SKY per MKR begin on Sept. 22…
Chainlink has hit a new all-time high in the key metric of total value secured, with the oracle network surpassing $100 billion across decentralized finance. Summary Chainlink’s total value secured across decentralized finance has jumped to over $100 billion. LINK price traded to highs of $24.7 as the TVS rose amid gains for cryptocurrencies. As…
Hyperliquid’s native token HYPE is stealing the spotlight. With a double-digit rally this week, three powerful drivers are fueling its bullish momentum. Summary HYPE price has jumped significantly over the past few days, making it one of the crypto market’s top performers this week. Paxos, Frax Finance, Agora, Ethena, and Sky are competing to issue…
North Korean hackers continue to target the crypto industry, this time striking a THORChain co-founder in a sophisticated attack. Summary THORChain co-founder JP Thor lost about $1.3 million after North Korean hackers lured him into a Zoom deepfake scam. Attackers used a hacked Telegram account, a fake video call, and a zero-day exploit to access…
Zebec Network has expanded its payroll capabilities by partnering with Payro Finance to integrate on-demand payroll lending. Summary Zebec Network has partnered with Payro Finance to integrate real-time stablecoin payroll with instant on-demand payroll loans. The Payro collaboration follows Zebec’s TurnkeyHQ integration, which allows employees to receive stablecoin salaries directly within their payroll dashboards. Zebec…
Cybersecurity researchers have identified a new infostealer malware that has been designed to target cryptocurrency wallets and extract private keys and other sensitive information on Windows, Linux, and macOS, all the while remaining undetected by major antivirus engines. Summary ModStealer targets browser-based crypto wallets. The malware was found to be operational across Windows, Linux, and…
One of crypto’s biggest courtroom dramas is set to resume, as Sam Bankman-Fried prepares to challenge his 25-year sentence with a potential new trial on the horizon. Summary SBF is gearing up to appeal his sentence. Rumours allege that SBF’s arguement will be based on his trial being unfair as customer funds were not fully…
World Liberty Financial has introduced a new proposal to direct all fees from its protocol-owned liquidity toward open-market buybacks and permanent token burns. Summary WLFI has proposed using all fees from its protocol-owned liquidity for token buybacks and burns. The plan follows a 47 million token burn that failed to lift prices after a volatile…
Ethena Labs has stepped back from Hyperliquid’s USDH stablecoin issuance competition after acknowledging community concerns about its position as a non-native team. Summary Ethena pulled its USDH stablecoin proposal after validators raised concerns about its non-native status and broader ambitions. The rival Native Markets team is now favored to lead stablecoin issuance on Hyperliquid. Ethena…
Starknet, the zero-knowledge-proof layer-2 solution for Ethereum, plans to roll out its Bitcoin staking feature on its mainnet by the end of this month. Summary Starknet plans to roll out Bitcoin staking on its mainnet by the end of September. The Ethereum layer 2 scaling solution is among protocols looking to tap into BTC to…
