Shiba Inu marketing specialist, Lucie, addresses the FUD surrounding the delisting of Bone ShibaSwap (BONE) from two centralized exchanges.
The Shiba Inu community received disappointing news earlier this week after OKX and ONUS announced plans to delist BONE. While OKX suspended BONE deposits on June 30, ONUS halted BONE purchases and swaps on July 1.
As expected, the delisting of BONE from two centralized exchanges sparked concerns among holders, who saw the value of their BONE holdings plummet massively.
Allegations of Manipulative Delisting Notably, Shiba Inu’s marketing lead took to X to address growing concerns about BONE’s delisting. She described the centralized exchanges as “manipulative.”
According to her, the delisting has nothing to do with BONE’s performance. She asserted that BONE isn’t even among the tokens with the lowest trading volumes on either platform. Lucie emphasized that she would not “chase” exchanges to support Shiba Inu ecosystem tokens.
Lucie Slams Centralized Exchanges She also expressed her belief in decentralized finance (DeFi), noting that the Shiba Inu team has been focused on building within the DeFi space, one that doesn’t require invasive identity checks, including KYC or even, as she sarcastically remarked, “blood samples.”.
Despite the delisting, Lucie emphasized that the team is not backing down and will focus on building out the ecosystem. She further took a swipe at centralized exchanges, claiming they usually list tokens that offer ‘big money.”
According to her, this practice enables them to continue promoting low-effort projects that often disappear within a short time.
Lucie also pointed to the failures of once-prominent centralized exchanges like WazirX, FTX, and Hotbit. Although they appeared solid at first, they were eventually exposed or exploited, serving as cautionary examples against overreliance on centralized platforms.
A Familiar Pattern Furthermore, Lucie noted that other major assets, including SHIB and XRP, have faced similar challenges. In particular, she recalled how several U.S.-based exchanges delisted XRP after the SEC filed a lawsuit against Ripple.
However, these exchanges have since relisted XRP after a federal court ruled that its secondary market sales do not violate federal securities laws.
Currently, BONE is down 18.95% over the past seven days, following its delisting from ONUS and OKX. However, it has recovered some of its losses in the past day, with its price soaring 9.5% to $0.1941.
Meanwhile, BONE remains available for trading on other centralized exchanges, such as Gate.io and HTX, which have seen over $2 million in volume in the past 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Shibarium Bridge čelil flash loan útoku za 2,4 milionu USD, při němž útočník odčerpal 224,57 ETH a 92,6 miliardy SHIB. Vývojáři pozastavili staking i unstaking a požádali o pomoc kyberbezpečnostní experty.
The crypto scene has once again proven that no protocol, no matter how popular, is completely safe. The Shibarium bridge, a strategic gateway between the Layer 2 of the same name and Ethereum, was the target of a swift flash loan attack that siphoned the equivalent of 2.4 million dollars. Behind this move, a maneuver both technical and psychological demonstrating the persistent flaws of decentralized security.
In brief Shibarium Bridge suffered a 2.4 million dollar flash loan attack, targeting its BONE and SHIB tokens. Developers suspended certain functions and requested cybersecurity experts to limit the damage and investigate. After a 99% drop in August, this new attack increases the fragility of the Shibarium ecosystem. A meticulously prepared crypto attack The operation was no accident. The attacker contracted a flash loan of 4.6 million BONE, Shibarium’s governance token. By exploiting this position, they gained access to 10 of the 12 validation keys, securing a comfortable majority to manipulate the protocol. From there, the script was written: extraction of 224.57 ETH and 92.6 billion SHIB, transferred with surgical precision to their wallet.
But the most surprising aspect is the scale of the plan. The attacker did not limit themselves to the main funds; they also seized KNINE tokens related to K9 Finance for approximately 700,000 dollars. In the crypto ecosystem, such a maneuver could have amplified the chaos, but the swift reaction from the K9 DAO, blacklisting the address, prevented the liquidation of these assets. A rare decision, but vital to contain the damage and indirectly protect Shibarium.
Chain reactions and market impacts Facing this breach, the Shiba Inu developers acted without delay. Staking and unstaking were suspended, freezing the borrowed BONE and cutting off the attacker from their control lever. The incident, described as “sophisticated” by developer Kaal Dhairya, was reportedly planned over several months. Proof that attackers no longer settle for improvised opportunities but orchestrate true long-term operations.
The direct consequence was a quick onset of volatility. The price of BONE first surged from 0.165 to 0.294 dollar in one hour, then quickly corrected to 0.202 dollar. SHIB, on the other hand, surprisingly rose by 4.5% in 24 hours, a sign that the market has not completely lost confidence. As often in crypto, drama also fuels speculation.
This incident occurs in an already tense context for Shibarium. Last August, the project suffered a near 99% collapse, a brutal drop that shook investors’ confidence. The current attack only rekindles these doubts, confirming that the network’s stability remains fragile despite recovery attempts.
Towards rethought security? This episode highlights the fragility of cross-chain bridges, true nerve centers of the crypto ecosystem. Despite the involvement of specialized teams like Hexens, Seal 911, and PeckShield to investigate, the question remains: how to sustainably protect protocols that attract both users and predators?
Shibarium developers now consider negotiating with the attacker via a restoration bounty, a pragmatic approach already seen in crypto. At the same time, contact with authorities shows that the boundary between decentralized finance and legal framework is becoming increasingly thin.
One thing is certain: between the 99% drop in August and this multi-million dollar hack, the Shibarium bridge is going through a turbulence zone likely to leave deep marks on the Shiba Inu ecosystem.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Shibarium has announced the reactivation of the Plasma Bridge for the BONE token, with the move coming a few weeks after a network exploit that saw attackers siphon more than $4.1 million via a flash loan attack.
Summary
Shiba Inu reactivated the BONE Plasma Bridge following a recent freeze. The exploit that saw $4.1 million in assets stolen happened after an attacker gained 4.6 million BONE. Prices of SHIB, BONE and KNINE fell amid the exploit in September. The Shiba Inu team has announced the reopening of the Plasma Bridge for BONE on the Shibarium Bridge. According to a blog post, the update includes blacklisting functionality designed to bolster ecosystem security.
“We’re pleased to share that the Plasma Bridge is back online for BONE, following a comprehensive review and a series of security enhancements. Users can once again bridge BONE between Ethereum and Shibarium with a safer, stronger, and more resilient experience,” the Shib team wrote.
What’s new for the Shibarium bridge? According to the announcement, the reactivated platform taps into a “proactive blacklisting system that lets us flag and block suspicious addresses at the bridge layer.”
The blacklisting functionality will help prevent potential future attacks and will address risks of abuse across the ecosystem.
Shibarium has also added a 7-day withdrawal delay for all BONE Plasma withdrawals. The finalization delay offers a buffer to operators and security teams, with the delay giving them time to monitor and respond to suspicious activity. The move adds a layer of defense without impacting user access.
“Plasma’s strength is fraud‑resistance. The delay reinforces that property and provides a practical response window if anomalies are detected,” the platform noted.
Shibarium hack The Shiba Inu (SHIB) community saw an attacker access 4.6 million BONE tokens after a major hack of the Shibaswap that targeted the Shibarium Bridge. The attack happened in September 2025, resulting in the substantial loot of $4.1 million.
Stolen assets included $1 million in Ether, $1.3 million in Shiba Inu’s SHIB, and more than $717,000 in KNINE.
The Shib team’s quick response helped stem further losses. After an initial freeze, the developers successfully reactivated the bridge, with reinforced security at the center of the fresh launch.
Solana navrhuje upgrade Constellation, který má omezit MEV a snížit kontrolu validátorů nad pořadím transakcí. Nový model s více navrhovateli a attestery má prosazovat férovější zpracování transakcí.
Solana researchers have introduced a new protocol design aimed at reducing validator control over transaction ordering. It targets one of the most persistent issues in blockchain markets: Maximal Extractable Value [MEV].
In a newly released whitepaper, the team outlines “Constellation,” a multiple concurrent proposers [MCP] system designed to prevent validators from manipulating transaction inclusion and sequencing.
The proposal shifts away from single-leader block production, which currently allows validators to reorder or censor transactions for profit.
Instead, Constellation distributes transaction submissions across multiple proposers while introducing a new class of nodes, called attesters, to enforce fairness in how transactions are processed.
How Constellation changes transaction ordering on Solana Under the proposed model, multiple proposers submit transaction batches simultaneously, rather than relying on a single leader with temporary control over the mempool.
Attesters then verify and timestamp these submissions before they are assembled into blocks.
This structure limits the ability of any single validator to delay, reorder, or front-run transactions. The leader role still exists but is constrained by proposer inputs and attestations, reducing discretionary control over block composition.
The system also introduces fixed “economic ticks” of around 50 milliseconds, creating predictable intervals for transaction inclusion.
Why the design targets MEV rather than redistributing it Most existing approaches, including proposer-builder separation, focus on redistributing MEV rather than eliminating it. Constellation takes a different approach by attempting to remove the conditions that allow MEV extraction in the first place.
The whitepaper describes this as “selective censorship resistance,” in which valid, competitively priced transactions must be included within a defined time window, limiting opportunities for manipulation.
This design aims to ensure that protocol rules rather than validator incentives determine transaction latency and ordering.
Can Solana enforce fairness at scale? The proposal reflects a broader push to align blockchain infrastructure with traditional financial market standards, where fairness and predictable execution are critical.
However, the system introduces additional complexity, including reliance on synchronized clocks and new coordination layers between proposers, attesters, and validators.
Its effectiveness will depend on whether these assumptions hold under real-world network conditions.
If implemented successfully, Constellation could shift Solana’s positioning from a high-speed blockchain to a platform designed for fair and efficient financial markets.
Final Summary Solana’s Constellation proposal targets MEV by limiting validator control over transaction ordering. The design introduces multi-proposer coordination and enforced timing to improve fairness at the protocol level.
Gitcoin ukončí Grants Lab a Grants Stack, protože nevidí jasnou cestu k ziskovosti. Ostatní služby, včetně Human Passport a KERNEL, zůstanou v provozu.
The software company will reduce the scale of its operations to focus on sustainability.
Software company Gitcoin announced that it will be winding down its Grants Lab, citing an unclear path towards profitability and a maturing L2 ecosystem.
Gitcoin announced the move via a blog post today, and clarified that the shutdown is specific to the Grants Lab and the Grants Stack technology. Other Gitcoin offerings, such as the Human Passport and KERNEL, will remain operational.
The company will not be omitting grant work entirely from its structure, but is shutting down the larger-scale operation of Grants Labs.
Instead of submitting a budget to Gitcoin Governance for H2 2025, Grants Labs will spend the remainder of its H1 funds on severance pay to affected employees.
Gitcoin founder Kevin Owocki clarified, “We’re not retreating - we’re refocusing. Gitcoin will continue, but with a leaner team aligned around a more focused Gitcoin Grants program and managing its portfolio of assets.”
Gitcoin’s token, GTC, rallied on the news and is up 5% over the last 24 hours. The token surge comes after a strong week for GTC and altcoins in general, and GTC is up 34% over the last seven days to a $20 million market capitalization.
GTC PriceThe blog post goes on to cite potential growth opportunities and future activations for the Gitcoin ecosystem.
Some of these possibilities include new utilities for the GTC token, community activations through governance or public goods funding, or doubling down on existing grant recipients.
Juliet Ochago of the Gitcoin DAO emphasized that users can expect ongoing improvements for donors and grantees, and continued innovation within the Grants Program itself.
The pivot will mean an increased focus on community involvement, which the team is softly referring to as the “Gitcoin Community Edition” phase of project development.
Raydium potvrdil exploit starých poolů na Solaně za přibližně 1,34 milionu USD a slíbil plnou náhradu všem zasaženým. Aktivní pooly ani současní uživatelé nebyli zasaženi.
TLDR Hackers extracted approximately $1.34 million from five dormant Raydium liquidity pools operating on Solana The breach resulted in the theft of around 150,000 RAY tokens, 5,600 SOL, and 893,700 USDC The vulnerability existed in an obsolete AMM program discontinued in 2021, leaving active pools untouched Raydium announced its treasury would provide complete restitution to all impacted participants Security firm PeckShield identified roughly 810 ETH of the pilfered assets flowing into Tornado Cash On June 10, Raydium, a Solana-based decentralized exchange, disclosed that malicious actors successfully exploited outdated infrastructure components, siphoning approximately $1.34 million worth of cryptocurrency.
The compromised liquidity pools had been inaccessible via Raydium’s user interface ever since the platform discontinued its AMM V3 program back in 2021. According to Raydium’s statement, neither current platform users nor any actively maintained liquidity pools experienced any impact.
How the Attack Happened On-chain security analyst Specter revealed that the perpetrators utilized a fraudulent mint address to circumvent security validation protocols within the inactive pool infrastructure. The core vulnerability stemmed from inadequate verification processes for LP mints, creating an opportunity to sidestep proportion validation mechanisms.
The assailant successfully withdrew approximately 150,177 RAY tokens, 5,603 SOL, and 893,700 USDC from the compromised pools. According to Specter’s investigation, the attacker initially received funding through the KuCoin exchange before transferring the illicit assets to the Ethereum blockchain.
PeckShield, a prominent blockchain security organization, monitored the movement of stolen cryptocurrency following its transfer to Ethereum. Their analysis revealed that approximately 810 ETH was funneled into Tornado Cash, while an additional seven ETH moved through FixedFloat.
Notably, Tornado Cash was delisted from U.S. Treasury Department sanctions in March 2025. Nevertheless, the utilization of this privacy protocol may continue to present obstacles for investigators attempting to recover or trace the diverted funds.
Raydium Will Reimburse All Losses Raydium has publicly committed to utilizing its treasury reserves to compensate all financial damages stemming from this security breach. While the protocol emphasized that no current active users suffered losses, some participants maintained residual exposure through the deprecated pool contracts.
This marks the second occasion where Raydium has pledged to absorb user losses. Following an admin key security breach in December 2022 that affected operational pools, the project implemented a governance-approved compensation plan utilizing buyback fee revenue and vested team token allocations to restore liquidity provider funds.
The development team confirmed that all currently deployed mainnet programs remain secure and are presently undergoing comprehensive independent security audits.
Market response to the incident proved minimal. Raydium traded around $0.57, experiencing less than a 1% decline during the 24-hour window after the exploit became public. Solana experienced a modest drop of nearly 2%, settling around $63.88 throughout the identical timeframe.
The RAY token demonstrated resilience, actually gaining more than 2% on the day news of the security breach emerged.
Raydium clarified that both its SDK and decentralized application infrastructure lack functionality for interacting with the legacy AMM V3 pools on the mainnet, effectively confirming the attack remained isolated to decommissioned code.
Security researchers from PeckShield and Specter maintain ongoing efforts to track the movement of stolen digital assets. According to currently available blockchain data, the exploitation remained entirely confined to obsolete infrastructure components without penetrating Raydium’s operational trading ecosystem.
Útočník spojený s UXLink poslal do Tornado Cash zhruba 8,1 milionu dolarů v ETH ve 46 vkladech po 100 ETH. Celkem už má podle Specter propráno 19,1 milionu dolarů ukradených aktiv.
UXLink, a Web 3 social network that was targeted in September 2025, is making headlines once again. According to Specter, an on-chain investigator, the attacker responsible for the UXLink exploit has started relocating the stolen assets.
To obfuscate transaction trails, the wrongdoer converted some of the stolen DAI stablecoins into Ethereum [ETH]. Going forward, the illicit actor then deposited roughly $8.1 million worth of ETH into Tornado Cash.
Funds laundered According to the investigator, 46 distinct deposits of 100 ETH each were made as part of the laundering process.
Source: Specter For those unaware, this is a common strategy to conflate illegal funds with legal transactions and make blockchain tracing more difficult.
With this most recent action, the attacker has now reportedly laundered a total of $19.1 million in stolen assets.
However, the fact that the exploiter still has control over about $16 million in funds despite these transfers raises the possibility of further laundering.
How was UXLink attacked? Well, back in September 2025 the exploiter had made over $800 billion, or 9 trillion $UXLINK. Interestingly, even hours after the original exploit, the hacker kept their access and kept minting more tokens.
The exploiter then started moving the proceeds to centralized exchanges and offloading the fraudulent tokens through decentralized exchanges. This in turn resulted in the depletion of Uniswap’s liquidity.
Source: Specter Notably, the attacker did not stop there, and signed a malicious transaction and lost 542 million UXLINK tokens to another malicious actor—often referred to as “theft stolen from theft.”
Even with this setback, the main exploiter still held about 900 million UXLINK tokens, putting a sizable portion of compromised assets in the hands of malicious actors.
What’s more? This coincded with ETH declining by 1.01% over the previous day to trade at $1,745.11 at press time.
In addition, on the 12th of June Humanity Protocol reported a targeted phishing attack against one of its directors.
This had resulted in the attacker using administrative credentials that were stolen to upgrade contracts, transfer tokens across Ethereum, and mint new $H tokens on the BNB Smart Chain.
Furthermore, on the 15th of June, a suspicious transaction involving the depletion of assets valued at approximately $2.19 million occurred in Aztec Network’s Router contract.
Final Summary From September 2025 to the present time, the attackers have reportedly laundered a total of $19.1 million in stolen assets from the UXLink exploit. Back then, the exploiter had made over 9 trillion $UXLINK, kept their access, and kept minting more tokens.
Útočník spojený s Jaredfromsubway.eth přesunul asi 2 000 ETH přes Tornado Cash a směnil 1 422 ETH za zhruba 2,45 milionu DAI. Z ukradených více než 7,5 milionu USD tak dál odtékají prostředky.
The person who pulled off one of the most brazen exploits in Ethereum’s MEV ecosystem is not sitting still. The attacker who drained the infamous Jaredfromsubway.eth sandwich bot has now routed approximately 2,000 ETH through Tornado Cash, the privacy mixer that remains the go-to laundering tool for on-chain criminals.
On top of the mixing, the exploiter swapped 1,422 ETH for roughly 2.45 million DAI. That leaves a minimal ETH balance in the attacker’s wallets.
How the original exploit went down The exploit, which security firm Blockaid characterized as a “counter-MEV honeypot” attack, was almost poetic in its construction. The attacker deployed fake token contracts and liquidity pools designed to trick the bot into granting token approvals. The exploiter built a trap that looked like a juicy sandwich opportunity, and the bot took the bait.
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The scheme played out over several weeks before culminating in a drain that siphoned off more than $7.5 million in various assets. The stolen haul included 1,474.58 WETH, 2.87 million USDC, and 2 million USDT. All of it was converted into approximately 4,400 ETH.
The bounty that went nowhere After the exploit came to light around June 20-21, the Jaredfromsubway.eth operator posted an on-chain message offering a white-hat bounty. The deal was 50% of the stolen funds, roughly 2,150 ETH, in exchange for returning the rest within 48 hours. The message also carried the implicit threat of legal action if the attacker refused.
Rather than returning anything, the attacker has been systematically moving funds through Tornado Cash. The 2,000 ETH transfer, valued at approximately $3.44 million at the time of the transaction, represents a significant chunk of the stolen proceeds being pushed through the mixer.
What this means for MEV and DeFi security The counter-MEV honeypot technique essentially weaponizes a bot’s own aggression against it. MEV bots rely on automated token approvals to execute trades at speed. That same mechanism — the willingness to approve and interact with any contract that presents a profitable opportunity — is exactly what the attacker exploited.
Despite being sanctioned by the US Treasury’s Office of Foreign Assets Control back in 2022, Tornado Cash remains operational as a decentralized protocol. Every major exploit that routes funds through it renews the debate about whether privacy tools are a necessary feature of financial freedom or primarily an enabler of theft.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Útočník KyberSwap poslal dalších 2 000 ETH do Tornado Cash; za dva roky už přes Tornado Cash převedl a promíchal 16 100 ETH, tedy zhruba 40 milionů dolarů, což představuje přes 80 % z 48,8 milionu dolarů ukradených při útoku na KyberSwap v listopadu 2023. Část ukradených prostředků zatím nebyla plně převedena.
According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.
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Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
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SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
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The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
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The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
pSTAKE Finance, backed by Binance Labs and a prominent figure in the liquid staking sector, is set to introduce a novel liquid staking solution for Bitcoin, constructed on Babylon's framework. This development marks a significant extension of pSTAKE's offerings beyond its initial focus area within the Cosmos network, where it first introduced liquid staking in 2021.
In a strategic partnership with Babylon, pSTAKE Finance aims to streamline the staking process, thus enabling Bitcoin holders to engage in yield-generation activities without sacrificing the liquidity of their assets. This approach is anticipated to optimize yield opportunities for users and expand the utility of Bitcoin within the broader digital asset ecosystem.
Persistence Labs co-founder and CSO Mikhil Pandey noted that the initiative is poised to enhance Bitcoin's role within today's DeFi landscape by offering simple, efficient financial products. “Bitcoin's future has never been so exciting, with simple BTC-first financial products anticipated to bring much-needed liquidity and utility to today's DeFi landscape,” Pandey noted.
Fisher Yu, Co-founder of Babylon, highlighted the synergistic nature of the collaboration, aiming to propel Bitcoin into the future of finance. “By integrating our BTC staking protocol, we're enabling pSTAKE to simplify and amplify the yield generation process for Bitcoin holders,” Yu explained. He emphasized that the collaboration illustrates their commitment to enhancing Bitcoin's utility and liquidity, paving the way for a Bitcoin-powered DeFi ecosystem.
Historically, liquid staking was predominantly associated with Ethereum. However, Babylon's infrastructure is set to democratize access to similar yield generation and staking rewards opportunities for Bitcoin users.
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Technological innovations within the Bitcoin ecosystem, such as Bitcoin Layer-2 solutions, are gradually shaping Bitcoin into a yield-bearing asset. These advancements, alongside Babylon's native Bitcoin staking capabilities, are expected to foster a diverse range of yield-generation avenues for Bitcoin in the near future.
BTC deposits on the pSTAKE platform are slated to commence in the coming weeks, marking a significant milestone in the availability of staking solutions for Bitcoin holders. David Tse, founder of Babylon, appeared on a recent episode of the SlateCast, where he outlined the power of Bitcoin staking as a tool to secure other blockchains.
In a move towards crypto expansion, Stripe, a popular payment processing firm has announced a recent integration with Avalanche (AVAX). With the integration, Stripe has expanded its offering to include support for Avalanche C-Chain, introducing a seamless path for retail users to acquire AVAX directly, without dealing with the hassles of crypto exchanges.
Avalanche Utilizes Stripe’s Fat-to-Crypto Onramp As revealed in a blog post, Core, Avalanche’s native ecosystem wallet and portfolio developed by Ava Labs has already integrated Stripe’s onramp. Stripe’s onramp provides a direct and efficient method for users to fund their wallets with AVAX and other supported tokens.
The onramp has built-in fraud prevention and identity verification tools to help companies meet Know-Your-Customer (KYC) and compliance requirements. With just a Gmail or Apple ID, individuals can create a Core wallet and purchase AVAX through Core’s extension or web app at core.app.
As a result of this integration, users can now access streamlined crypto products and Decentralized Applications (dApps) such as Decentralized Exchanges (DEXs), digital wallets, and Non-Fungible Tokens (NFT) platforms running on Avalanche.
Anyone can buy Avalanche’s native AVAX coin using debit or credit cards through the help of a widget that will be installed in Core. According to the announcement, Stripe will take care of all issues relating to KYC procedures, payments, fraud, and compliance.
Several prominent Avalanche ecosystem partners have already signaled their intention to integrate with Stripe, including GoGoPool, Avvy, Pakt, zeroone, Halliday, The Arena, Shrapnel, and DeFi Kingdoms.
John Egan, Head of Crypto at Stripe commented on the integration stating, “We’re excited to add AVAX into our onramp’s family of supported networks. Further enabling consumers to onboard into Avalanche’s growing dApp ecosystem is closely aligned with our goal of making it safe and easy for everyone to access the power of Web3.”
Avalanche is a Layer-1 blockchain network, competing with Ethereum (ETH) by offering a cheap and fast blockchain for developers to build upon. It is the network behind AVAX, the 12th largest digital asset with a market cap of $13.2 billion. As of the time of writing, AVAX is trading above $34.92, representing an increase of 0.6% in the past day. This nominal increase comes after the coin dropped 11% within the past week.
Stripe Making Strides in the Crypto Space Stripe, which has been topping charts since 2021 was one of the first major companies to accept Bitcoin payments in 2014. The company, however, dropped the service in 2018, but added that it was still “very optimistic about cryptocurrencies overall.”
In a recent development, the company announced plans to start supporting transactions domiciled in Circle’s native stablecoin USD Coin (USDC) beginning this Summer. As Stripe unveiled, all the USDC will initially launch through Ethereum, Solana, and the Polygon blockchain networks.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Altcoin News, Cryptocurrency News, News
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
Příští týden čekají altcoiny ALT, Space ID (ID), ENA, GAL, YGG a ACA cliff unlocky v hodnotě 138,8 milionu USD, což zvyšuje obavy z růstu nabídky. Největší je ALT: 684,21 milionu tokenů v hodnotě 111,01 milionu USD.
Altcoins News: The latest update from the Token Unlocks App reveals that six altcoins are readying to take the heat of increased market supply in the upcoming week. This is attributable to massive token unlocks, a phenomenon wherein previously locked tokens are released periodically into the market.
Notably, $138.8 million worth of cliff unlocks are looming to hit certain altcoins in the coming days. These tokens include AltLayer (ALT), Sace ID (ID), Ethena (ENA), Galxe (GAL), Yield Guild games (YGG) and Acala (ACA).
Here’s a brief report on the token unlocks that may serve as important Altcoin news for crypto market participants.
AltLayer (ALT) The AltLayer crypto is set to witness an unlock of a staggering 684.21 million ALT, worth $111.01 million, on July 25. This is equivalent to 42.08% of the circulating supply, raising severe investor concerns over future market implications.
ALT price traded at $0.1619 at press time, up 5.29% over the past day. Its 24-hour lows and tops are $0.1572 and $0.1729, respectively.
Space ID (ID) The Space ID token will witness an unlock of 18.49 million ID, worth $9.01 million, on July 22. This equals 4.29% of the coin’s circulating supply.
ID price traded at $0.4875, an increase of 5.70% from yesterday. The token’s 24-hour lows and highs were $0.4607 and $0.5011, respectively.
Ethena (ENA) Ethena prepares for an unlock of 14.89 million ENA, worth $7.32 million, on July 21. This totals 0.87% of the coin’s circulating supply.
ENA price traded at $0.493 today, an upswing of 6.97% over the past day. Ethena’s 24-hour slumps and peaks were recorded as $0.4699 and $0.5116, respectively.
Yield Guild Games (YGG) The Yield Guild Games crypto will experience an unlock of 14.08 million YGG, worth $7.56 million, on July 27. This amounts to 3.74% of the coin’s circulating supply.
YGG price traded at $0.5369, up 2.97% over the past day. The token’s 24-hour bottoms and tops were $0.5183 and $0.555, respectively.
Also Read: $149 Million of Altcoins Sold By WazirX Hacker to Buy 43,799 Ethereum
Galxe (GAL) The altcoin Galxe readies for an unlock of 1 million GAL, worth $3.60 million, on July 24. This is equivalent to 0.85% of the circulating supply.
The GAL price rested at $3.58 today, a decline of 5.78% over the past day. Its 24-hour bottoms and highs were $3.54 and $3.92, respectively.
Acala (ACA) Acala is set to face an unlock of 4.66 million ACA, worth $340.03k, on July 25. This totals 0.46% of the coin’s circulating supply.
ACA price stood at $0.07291, an upsurge of 2.53% from yesterday. The cryptocurrency’s 24-hour bottoms and peaks were $0.07132 and $0.0759, respectively.
Notably, the abovementioned token unlocks remain much eyed by market participants as investor concerns persist over this altcoin news, primarily due to supply increase.
Also Read: SHIB News: Massive 2.7 Tln Accumulation Fuels Hope For Shiba Inu To $0.0000386
TLDR The Polkadot community is currently voting on the proposal to launch a native stablecoin backed by DOT tokens. Bryan Chen, co-founder of Acala, introduced the pUSD stablecoin proposal to reduce reliance on USDT and USDC. The pUSD proposal has gained 74.6% support but requires 79.7% approval to pass in the ongoing referendum. Community members remain divided over Acala’s involvement in the pUSD project due to the failure of aUSD Gavin Wood outlines a broader vision for stablecoins within Polkadot, emphasizing the benefits of using pUSD for validator rewards. The Polkadot community is currently voting on a major proposal to launch a native stablecoin, pUSD. This stablecoin would be entirely backed by DOT tokens, the network’s native cryptocurrency. The proposal has sparked a heated debate, drawing strong opinions both in favor and against the initiative. At present, the vote is ongoing, and it could significantly influence the future of the Polkadot network.
Polkadot’s Push for a Native Stablecoin Bryan Chen, co-founder of Acala, introduced the proposal for pUSD. The plan suggests launching the stablecoin on Polkadot’s Asset Hub using the Honzon protocol. Honzon had previously been used in Acala’s aUSD project, which faced a failed launch due to an exploit. Despite the past failure, Chen has emphasized the importance of Polkadot having a decentralized stablecoin to reduce its reliance on USDT and USDC.
Chen stated, “A native stablecoin will prevent Polkadot from losing liquidity to other chains that already have one.” He believes pUSD can maintain the network’s strategic advantage in the rapidly evolving blockchain ecosystem. Although over 74.6% of the votes are in favor of the stablecoin, the measure requires 79.7% approval to pass. With over $5.6 million in DOT already committed to the vote, the outcome remains uncertain.
Acala’s Memories and Community Doubts Despite the potential benefits of a native stablecoin, memories of Acala’s previous failure have caused skepticism. The aUSD project’s collapse in 2022 due to an exploit left a lasting impact on the community. Some members argue that Acala should not be entrusted with launching another stablecoin, given the risks involved.
A group known as TheGlobedotters expressed concerns, urging that Acala’s involvement should be avoided. Others, like The White Rabbit, have said they could support the proposal if Acala were excluded from its development. They also call for strict governance safeguards before any stablecoin is deployed.
Gavin Wood Outlines the Broader Vision for Polkadot Polkadot’s founder, Gavin Wood, has also weighed in on the stablecoin debate. He outlined a broader strategy that includes both fully collateralized stablecoins like pUSD and more flexible “stable-ish” assets. Wood believes a multi-approach strategy is necessary to address Polkadot’s volatility issues while stabilizing the network’s validator rewards.
Wood suggested that validators could be paid in pUSD instead of volatile DOT, which would stabilize their income. He argued that such a move would attract institutional participants and enhance Polkadot’s long-term security. “A DOT-backed stablecoin like pUSD could be key to strengthening Polkadot’s position,” Wood added.
Aave integroval dolarová aktiva Maple, syrupUSDC a syrupUSDT, napříč sítěmi Ethereum, Base a Plasma. Integrace už přinesla více než 750 milionů USD přílivů a cílí na udržitelný výnos pro fintechy a neobanky.
About: Aave is the largest protocol in DeFi, providing the deepest liquidity layer for yield
“The integration of Maple’s dollar assets on Aave connects institutional-grade, overcollateralized yield with the deepest onchain liquidity layer. It unlocks opportunities for fintechs and neobanks looking to bring yields to their users with the sustainability and scalability required to operate at real-world scale.”– Stani Kulechov, Founder Aave Labs
The ContextAave is the largest and most trusted DeFi protocol and lending network. It enables lending and borrowing across all key ecosystems and unlocks yield strategies at scale. Maple, the largest onchain asset manager with $4B+ in AUM, brings its yield-bearing dollar assets backed by overcollateralized lending to Aave. The integration unlocks opportunities for fintechs and neobanks looking to bring yields to their users.
Two major bottlenecks remain even for financial apps that have solved distribution: yield sustainability and scalability. Maple’s deployment on Aave addresses both. SyrupUSDC and syrupUSDT deliver sustainable overcollateralized yields, with capital protected at all times. Aave’s unmatched liquidity ensures that yield generation strategies can scale to tens of billions of dollars that the largest fintechs and neobanks aim to bring.
The IntegrationThe partnership launched in September 2025 with a strategic vision to connect Aave's deep liquidity layer with Maple's institutional asset management infrastructure.
syrupUSDT was first listed on the Plasma instance, followed by syrupUSDT on Aave's core Ethereum market. The integration has since expanded to Base with syrupUSDC, making Maple's yield-bearing assets available across three of Aave's key deployments with hundreds of millions in available capital.
The scalable infrastructure supporting the integration ensures that financial apps can bring yields to their users in a capital efficient and seamless manner. As Maple continues to expand on Aave, even more scalable options for yield will become available.
Full integration documentation is available here.
The OutcomeAave gains two new high-quality collateral assets that bring inflows from fintech and neobank depositors while Maple's network of financial apps gets access to the most liquid and secure yields.
For Aave, Maple unlocks billions in deployable capital seeking stable and scalable returns. For Maple, Aave provides the flexibility and liquidity depth that amplifies its returns and allows it to onboard more fintech partners.
The deepest liquidity layer and the largest onchain asset manager continue to scale together with end users benefitting the most.
RARI Chain, NFT-focused Layer 3 na Arbitrum, spustil mainnet a slibuje garantované autorské odměny na úrovni sítě. Rarible plánuje integraci i platební karty.
NFT-focused Layer 3 blockchain aims to empower creators with guaranteed royalties.
RARI Chain, an Arbitrum-based Layer 3 blockchain dedicated to NFTs, has completed its mainnet launch.
Developed by the RARI Foundation using Caldera, a rollup deployment platform, RARI Chain operates as an Arbitrum Orbit chain and provides customizable rules, independent governance mechanisms, and an environment tailored to the specific needs of NFTs – such as its embedding of creator royalties at the node level.
The project is commemorating the launch with a series of open editions from ten digital artists - Alien Queen, Amber Vittoria, Andre Oshea, Ed Balloon, Jimena Buena Vida, Lindsey Byrnes, Ottis Ots, Saideart, Techkeyz, and Trizzy Trunk.
"RARI Chain makes it impossible to circumvent the value of royalties. By deploying marketplaces on RARI Chain, creators can be confident that their royalties are guaranteed," said Alex Salnikov, Chief Strategy Officer and co-founder of Rarible.
Rarible plans to integrate RARI Chain into its marketplace, making it easy to bridge assets back and forth. The team also plans to introduce credit card payments.
RARI Chain will establish grants for developers to build applications on the network. A planned Creator Fund would allocate a portion of the chain's revenue to a dedicated treasury to reward artists, controlled by the RARI DAO.
SEC uzavřela vyrovnání s Rari Capital a jejími spoluzakladateli kvůli klamání investorů a neoprávněné činnosti makléře. Firma tvrdila, že Earn pooly spravují aktiva automaticky, ale SEC uvedla, že rebalancování probíhalo ručně.
The SEC has settled charges against Rari Capital and its co-founders for misleading investors. Rari Capital was accused of misleading investors with false claims about automatic asset management. On Wednesday, the U.S. Securities and Exchange Commission (SEC) announced a settlement with Rari Capital, a decentralized finance (DeFi) protocol, along with its co-founders, over allegations of “misleading investors and engaging in unregistered brokerage activities.”
In a recent announcement, the SEC stated that Rari Capital’s Earn and Fuse pools operated similarly to crypto investment funds, allowing users to deposit their crypto assets and earn returns. The SEC’s complaint highlighted that Rari Capital conducted unauthorized sales of securities by offering interests in these pools and their associated governance tokens.
The SEC further alleged that the co-founders—Jai Bhavnani, Jack Lipstone, and David Lucid—misled investors about the functionality of the Earn pools. They had claimed that these pools would “automatically manage and optimize crypto assets for the highest returns.” However, the SEC revealed that they handled this process manually, and there were instances where the rebalancing did not perform as promised.
Additionally, the SEC accused Rari Capital of engaging in unregistered broker activities concerning its user-generated Fuse pools. At its peak, Rari Capital had over $1 billion worth of assets locked in its pools.
Overview of Rari Capital’s Operations and Challenges Rari Capital was founded in 2020 and aimed to provide automated yield farming. That platform optimized returns across various protocols such as Compound and dYdX. The Fuse protocol allowed users to establish personalized lending and borrowing markets.
In March 2022, Rari Capital suffered a significant security breach when the Fuse platform was hacked. That resulted in a loss of $80 million, as per SEC findings. Following this incident, Rari Capital halted new deposits and began winding down the Fuse service.
As part of the settlement, Rari Capital Infrastructure LLC, which took over Rari Capital after the hack, has agreed to comply with securities laws moving forward. Both Rari Capital and its co-founders did not admit to or deny the SEC’s allegations.
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A journalism graduate who is passionate about writing loves to dance and travel currently starts exploring blockchain technology.
Re spustila na Avalanche svůj první otevřený fond tokenizovaného zajištění, přičemž do něj Nexus Mutual alokovala 15 mil. USD. Fond cílí na konzervativní pojištění a nabízí až 23% roční výnos.
Updated May 14, 2024, 5:24 p.m. Published May 14, 2024, 1:00 p.m.
2 min read
Karn Saroya, CEO of Re (Re)The new fund backs low-volatility insurances covering properties, trucking, aviation and workers compensation, excluding catastrophic risks at the start, Re CEO Karn Saroya said in an interview.Re targets to back $200 million in insurance premiums by the end of the year, with another $3 billion in the pipeline.The firm also raised $7 million in a venture capital investment round led by Electric Capital.Re, a real-world asset (RWA) platform specializing in offering tokenized reinsurance, said Tuesday it has opened its first open-ended reinsurance fund using the Avalanche {{AVAX}} network.
First investors of the fund include Nexus Mutual, a crypto insurance alternative provider, with a $15 million allocation and the RWA-focused Vista fund of Ava Labs, an ecosystem developer organization of Avalanche, with a smaller deposit.
The company also raised $7 million in venture capital in its latest fundraising round led by Electric Capital, following a $14 million seed round in late 2022.
Re, which is regulated in the Cayman Islands, focuses on introducing blockchain tech for a traditionally opaque, conservative industry and aims to be a decentralized version of Lloyd's of London, though of as the premier marketplace for insurance.
Reinsurance companies offer protection for insurance firms, collecting premiums to cover certain types of risks. With nearly $1 trillion in premiums annually, reinsurance is a cornerstone of today's financial markets and commerce, Karn Saroya, chief executive officer of Re said in an interview with CoinDesk.
"Reinsurance is the ocean, and insurance companies are the boats floating on the water,” he said.
Bringing these assets to blockchain rails can improve settlements, operational efficiency and create greater transparency of capital reserves, Saroya explained. This is in line with the red-hot tokenization trend, with digital asset firms and global financial institutions such as BlackRock, Citi and Franklin Templeton creating digital versions of old-school investments – often referred to as RWAs – to trade them on blockchains for operational benefits.
Read more: Why Asset Tokenization Is Inevitable
In the beginning, Re's new fund backs more conservative, low-volatility insurances such as property, trucking, aviation and workers compensation, excluding catastrophic risks, Karoya said.
The fund targets to offer up to 23% annualized yield to investors, and is accessible to U.S. accredited investors and any investors outside the U.S. who complete Re's know-your-customer (KYC) process. The minimum lock-up period for deposits is one year, and funds are available for redemptions as collateral is released from the insurance companies.
Investing in the fund is similar to high-yield fixed income, Saroya said, making it attractive to decentralized autonomous organizations (DAO) and ecosystem funds to deploy capital.
OpenCover, Request Finance a Nexus Mutual spustily první blockchainové Transaction Cover. Vybrané transakce na Request Finance jsou nově kryté až do 100 000 USD.
[PRESS RELEASE – London, United Kingdom, September 18th, 2024]
The collaboration sets a new standard in decentralized finance (DeFi) by shifting blockchain transaction risk away from end users for the first time.
OpenCover, a leading platform for blockchain insurance and insurance alternatives backed by Coinbase Venture’s Base Ecosystem Fund, NFX, Jump, Alliance, Village Global and Orange DAO is announcing a strategic partnership with Request Finance and Nexus Mutual. This collaboration marks a historic milestone in decentralized finance (DeFi), offering unparalleled protection for blockchain users across multiple blockchain ecosystems including Ethereum, Arbitrum, Polygon, BNB, Optimism and Avalanche.
For the first time, eligible transactions on Request Finance are covered up to $100,000. This protects end-users from the main technical, economic, and security risks inherent to blockchain transactions, making onchain finance safer and matching transaction guarantees on traditional financial infrastructure.
Traditionally, the “your keys, your coins” mantra placed the full burden of blockchain risk — such as oracle price feed errors, smart contract bugs and stablecoins losing their peg — directly on the end-user.
OpenCover’s new Transaction Cover, underwritten by Nexus Mutual, transfers the risk of failure or unforeseen blockchain transaction outcomes away from the end-user. Users now benefit from the same transaction guarantees typically seen in traditional finance but with the advantages of faster settlement times, full transparency, and significantly lower fees attained by using blockchain rails.
“For decentralized finance to become a credible extension to traditional finance, blockchain transactions need to be as safe as they are efficient,” said Jeremiah Smith, Co-Founder and CEO of OpenCover. “This unique partnership with Request Finance and Nexus Mutual sets a new standard, allowing blockchain users to fully embrace self-custody and onchain finance without the downside of transaction risk.”
This collaboration not only strengthens OpenCover’s mission to promote blockchain safety but also aligns with the wider movement toward mainstream blockchain adoption. By abstracting transaction risk from end-users, OpenCover, Request Finance, and Nexus Mutual are bringing blockchain payments to parity with the protections that have long been standard in traditional financial systems.
About OpenCover (https://opencover.com)
Founded by Y Combinator alumni Jeremiah Smith and Yury Oparin, OpenCover works with top-tier underwriters to provide individuals and institutions protection against onchain risks, including transaction and protocol risk.
About Request Finance (https://request.finance)
Request Finance is a comprehensive invoicing, payment, and accounting platform for Web2 and Web3 businesses. By simplifying payments in both crypto and fiat currencies, Request Finance is helping businesses embrace decentralized finance while ensuring transparency and efficiency. Request has processed over $800 million in transactions since 2020.
About Nexus Mutual (https://nexusmutual.io/)
Nexus Mutual is the leading crypto insurance alternative for protocol and other blockchain risks. The mutual has underwritten close to $5 billion in risk since being established in 2019.
Babylon Labs a Nexus Mutual spojily síly, aby chránily stakovaný bitcoin ($BTC) před slashingem. Cílí na vlastní pojistnou ochranu pro stakery i instituce.
From a speculative asset to a foundational element, Bitcoin ($BTC) continuously grows in terms of decentralized finance. This continuous evolution urges Babylon Labs and Nexus Mutual to join their efforts to safeguard billions of dollars in staked Bitcoin ($BTC). They aim to protect staked Bitcoin with a product that pioneers slashing protection. Bitcoin ($BTC) has now become a crucial part of financial systems worldwide. So, this alliance strives to provide crypto holders peace of mind, resilience, and trust while participating in staking.
Babylon Labs and Nexus to Reinforce Bitcoin ($BTC) Staking Security Babylon Bitcoin staking protocol holds billions of dollars to protect comparatively imperative assets. Nexus Mutual is renowned as a leader in crypto-based insurance alternatives. The platform now aims to create a bespoke slashing protection protocol. Babylon’s users can directly approach this product, so Babylon Labs plays a significant role in this process. The lab stays ahead in the development of the product, providing technical insights while facilitating connections with potential users.
Nexus Mutual was established in 2019, underwriting more than $5.5 billion in the coverage of digital assets. The platform offered $BTC-denominated insurance products at first. Its collaboration with Babylon Labs aims to strengthen the missions of both firms. Babylon Labs continues to unveil Bitcoin ($BTC) utility by providing secure staking solutions. On the other hand, Nexus Mutual leads in crypto-risk innovations.
The Partnership Provides Custom Coverage for a Decentralized Future Through this partnership, Nexus Mutual and Babylon aim to explore expanded Bitcoin Secured Networks (BSNs). This advancement enables customizable protection, improving liquidity and user confidence. Nexus Mutual’s coverage products strive to meet the demands, ranging from individuals staking their Bitcoins to institutions participating at scale.
The Head of Business Development at Babylon Labs, Clayton Menzel, states, “We’re excited about Nexus Mutual’s upcoming slashing protection product and what it could mean for Bitcoin stakers.” He further says, “This collaboration supports our mission of unlocking Bitcoin to secure the decentralized economy.”
The Founder of Nexus Mutual, Hugh Karp, emphasized the statement, stating, “Bitcoin is now a crucial part of the global financial system, and we’re excited to work with Babylon Labs to offer new ways to protect and leverage this digital asset.”
The alliance between Nexus Mutual and Babylon Labs is a significant step towards creating a more scalable and secure environment for Bitcoin staking. This environment will merge the reliability of insurance with decentralized capabilities.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Nexus Mutual vyplatila 250 000 USD uživatelům zasaženým hackem Arcadia Finance za 3,5 milionu USD. Jde o jedno z prvních velkých pojistných plnění na Base.
Nexus Mutual has transferred $250,000 to reimburse users caught in Arcadia Finance’s $3.5 million exploit, marking one of Base blockchain’s first major insurance settlements. The payout arrives as Arcadia’s own recovery plan remains weeks from implementation.
Summary
Nexus Mutual paid $250,000 to victims of Arcadia Finance’s $3.5 million hack, marking one of Base chain’s first major insurance settlements. The payout offers early restitution ahead of Arcadia’s own delayed recovery plan based on “Recovery Tokens.” On August 4, crypto insurance alternative Nexus Mutual announced it had paid out $250,000 to users impacted by the July 15 Arcadia Finance exploit on Base, where attackers drained $3.5 million in stablecoins through a contract vulnerability.
The smart contract bug allowed funds to be siphoned directly from user accounts, with stolen assets swiftly laundered into wrapped Ether. Nexus Mutual began processing claims in late July after a standard cooldown period, ultimately honoring coverage for eligible users who had purchased protection through OpenCover, a Base-native distributor.
A turning point for DeFi risk mitigation? The Arcadia Finance payout signals a deeper shift in the way decentralized finance is starting to confront its most systemic weakness: the lack of credible recourse when things go wrong. Nexus Mutual has now paid out over $18.2 million across 37 incidents since 2019, according to its public claims dashboard.
The Arcadia settlement joins a roster of landmark payouts including $5 million for the 2022 TribeDAO hack, $2.3 million for Euler Finance’s $197 million exploit, and nearly $5 million when FTX collapsed. These aren’t abstract numbers; they trace the evolution of crypto’s risk management infrastructure through its most chaotic years.
While smaller than other settlements, the Arcadia payout is symbolic. Its timing matters: this is one of the earliest high-profile insurance resolutions on Base, Coinbase’s Layer 2 chain, which has only recently started to see sustained DeFi activity. For affected users, the payout served as a crucial stopgap in the absence of protocol-native compensation, arriving before Arcadia itself was able to mobilize a full recovery plan.
Meanwhile, Arcadia Finance has charted a different course with its Recovery Token (RT) system, a complex mechanism where victims receive USDC-pegged tokens redeemable through staking, fee rebates, or secondary market sales.
Though innovative in its attempt to align incentives, the plan requires users to maintain long-term engagement with the protocol. Some may prefer Nexus Mutual’s straightforward ETH transfers, which impose no lockups or behavioral conditions.
Nexus Mutual integroval Symbiotic a vytvořil výnosovou zajišťovací vrstvu pro krytí DeFi rizik. Kapitál nyní může současně zajišťovat PoS sítě i underwriting coveru Nexus Mutual.
Updated Dec 11, 2025, 1:28 p.m. Published Nov 19, 2025, 6:32 a.m.
2 min read
Inside the Lloyd's of London insurance market. (Lloyd's of London)Summary
Capital allocated via Symbiotic can now secure traditional proof-of-stake (PoS) networks while simultaneously underwriting Nexus coverage.The partnership addresses a structural gap in DeFi risk coverage: the lack of scalable and transparent reinsurance infrastructure.Decentralized insurance protocol Nexus Mutual, has integrated with underwriting and capital efficiency protocol Symbiotic to create a yield-generating reinsurance layer to underwrite decentralized finance risks.
The collaboration with Symbiotic introduces a new class of underwriting vaults aligned with Nexus cover durations, enabling real-time capital reallocation and fast claim settlement, according to a press release on Wednesday.
Capital allocated via Symbiotic can now secure traditional proof-of-stake (PoS) networks while simultaneously underwriting Nexus coverage, helping scale the alternative insurance cover provider without introducing centralization or inefficiencies typical of legacy models, the release said.
“For years, onchain risk markets have struggled to scale because capital was fragmented across isolated pools,” said Misha Putiatin, co-founder of Symbiotic. “By introducing composable underwriting infrastructure, we’re unlocking scalable, permissionless risk markets where capital can finally work across multiple layers of the ecosystem. This isn’t just an improvement in efficiency, it's something that can finally get us to scale”
Nexus Mutual seeks to address the dire shortage of insurance capacity within the crypto industry by allowing members to deploy assets into syndicates, in a way similar to how the Lloyd’s of London market operates, for which they receive NXM tokens. These tokens are then used to back certain risks in return for yields which can reach around 25%, according to Nexus Mutual founder Hugh Karp.
The partnership addresses a structural gap in DeFi risk coverage: the lack of scalable and transparent reinsurance infrastructure. For Nexus Mutual, it opens doors to additional underwriting demand, allowing the protocol to expand coverage across protocols and asset classes without raising idle reserves.
“As there continues to be greater institutional adoption of DeFi, investors have been asking Nexus Mutual to cover risks at an even larger scale,” said Hugh Karp, Founder of Nexus Mutual. “By working with Symbiotic, we’re making sure our onchain cover solutions can fit the needs of any institutional investor or protocol.”
The world’s largest crypto exchange Binance on Monday announced delisting and ceasing trading of these four cryptocurrencies from Binance spot and margin. Waves (WAVES), OMG Network (OMG), NEM (XEM), and Wrapped NXM (WNXM) delisting announcement has caused prices to dip massively.
Derivatives trading data report major trades as traders and investors move or readjust their holdings in WAVES, OMG, XEM, and WNXM, causing open interests to pump over 100% in the last 24 hours.
Binance Announces Delisting of WAVES, OMG, XEM, NXM In an official announcement on June 3, Binance said it has decided to delist and cease trading on all spot and margin trading pairs of Waves (WAVES), OMG Network (OMG), NEM (XEM), and Wrapped NXM (WNXM). Users will not be able to trade these cryptocurrencies after 03:00 UTC on June 17.
Exchange claims these crypto have failed to meet the standard and industry requirements in reviews done periodically by the crypto exchange.
“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” stated Binance.
The last date for withdrawing these tokens is September 17 as the exchange completely ends support for these crypto. Binance delisting these tokens from Binance Simple Earn, Binance Auto-Invest, and Binance Loans weeks before the delisting date.
Binance’s Delisting Factors For All Crypto Crypto exchange Binance reviews listed crypto for maintaining a high level of standard and industry requirements. These are in line with listing requirements of the exchange.
These include a team’s commitment to project, development activity, trading volume and liquidity, stability and safety of network, smart contract stability, level of public communication, response to exchange’s periodic due diligence requests, unethical/fraudulent conduct or negligence, regulatory requirements, and contribution to crypto ecosystem.
Prices Tumbled After Announcement WAVES price tumbled over 25% after Binance’s announcement, with the price currently trading at $1.77. The trading volume has jumped over 900% as traders and investors make quick readjustments to their holdings.
Meanwhile, OMG, WNXM, XEM prices have dropped over 25%, 3%, and 29%, respectively, in the last few hours.
Interestingly, the announcement caused massive futures trading as WAVES, OMG, XEM futures open interest jumped over 100%. The move is likely triggered by a change in margins and readjustments to trade.
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Galxe spustila ekosystémový fond v hodnotě 50 milionů USD na podporu vývoje na blockchainu Gravity. K tomu přidala dalších 5 milionů USD na granty pro vývojáře.
Key NotesGalxe's $50M fund seeks to revolutionize blockchain ecosystems by supporting decentralized projects.The fund was backed by venture capital companies like HashKey Capital and DAO5, supporting Galxe's vision for decentralized innovation.Galxe has added an additional $5 million in grants to bolster innovation. Galxe, a leading Web3 identity and rewards platform, has announced the launch of a $50 million ecosystem fund to accelerate innovation within its newly upgraded Gravity blockchain.
According to an announcement on Tuesday, this initiative, known as the Gravity Ecosystem VC Alliance, seeks to support developers and projects in building high-performance decentralized solutions while expanding the capabilities of the blockchain’s ecosystem.
A $50M Boost for Blockchain Developers The Gravity Ecosystem VC Alliance was established to provide funding, resources, and strategic backing for developers aiming to create scalable and efficient applications on the Gravity blockchain. Prominent investors, including HashKey Capital, DAO5, Draper Dragon, and Spartan Group, supported the new initiative.
Galxe’s co-founder, Charles Wayn described the initiative as a vital step toward supporting innovative projects that align with the platform’s mission.
“We wanted to start to build out the ecosystem and allow more developers to come over and build here. The advantage of building on Gravity is that you get instant access to the 1 million daily active users of Galxe,” Wayn told Cointelegraph.
To complement the ecosystem fund, Galxe has also allocated an additional $5 million in developer grants to encourage further innovation. These grants aim to attract developers looking to capitalize on Gravity’s robust technical infrastructure and vast community of 31 million users.
Introducing Grevm 1.0 In addition to the ecosystem fund, Galxe has introduced Grevm 1.0, an open-source parallel Ethereum Virtual Machine (EVM) to upgrade Gravity. The new blockchain solution was developed using the Rust programming language to offer a simplified and more efficient alternative to traditional EVMs.
The Grevm 1.0 seeks to provide a better foundation for developers compared to existing solutions.
The Gravity network boasts impressive technical capabilities, including 1 gigagas per second throughput, sub-second transaction finality, and robust Proof-of-Stake (PoS) security.
The protocol launched its Alpha Mainnet in August 2024, marking a strategic shift away from centralized infrastructure. During the transition, Galxe moved its core applications — such as Passport, Quest, Compass, and Identity Protocol — on-chain.
Galxe provides developers with a decentralized framework to build and grow their projects independently. The full mainnet is scheduled for launch next year.
A Vision for Interconnected Innovation Gravity’s infrastructure supports seamless integration across 70 interconnected blockchains, enabling developers to build applications that cater to a wide array of use cases. Additionally, its native token, G, facilitates uniform payment for gas fees across these networks, simplifying user interactions and improving accessibility.
The blockchain also has its own native SDK dubbed “Gravity SDK”, currently under development. According to Galxe, the open-source toolkit will enhance developer capabilities by providing a streamlined framework for creating decentralized applications.
Xia has high ambitions for the SDK, noting that it is being developed to outperform existing solutions like the Cosmos SDK by offering greater flexibility and efficiency.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
Onyxcoin (XCN) climbed to a 3-month high after South Korean exchange Upbit confirmed it will list the token today.
The altcoin saw a notable price surge after the announcement, reaching an intraday peak of $0.0086, its strongest level since mid-January.
Onyxcoin (XCN) Price Jumps to January Highs Ahead of Upbit DebutAt press time, XCN was trading at $0.0077, up 64.48% since the announcement. The sharp rally has propelled the token to the top of the gainers’ list among the 1,000 largest cryptocurrencies by market capitalization on CoinGecko.
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Onyxcoin (XCN) Price Performance. Source: TradingViewThe daily trading volume also jumped 629% to reach $37 million. South Korea’s second-largest crypto exchange accounted 25.45% of the total volume. Historically, Upbit listings have produced sharp short-term price reactions in newly listed altcoins.
Meanwhile, the exchange revealed that XCN trading will start at 16:00 Korean Standard Time (KST). The altcoin will be available to trade against two pairs: the Korean Won (KRW) and Tether (USDT).
“Please be sure to verify the network before depositing digital assets. Deposits and withdrawals through networks other than the one specified are not supported,” the notice read.
The exchange also noted that it will apply short-term trading restrictions. For the first five minutes after trading opens, traders will not be able to place buy orders, and sell orders priced more than 10% below the previous day’s closing value will be blocked.
Additionally, the exchange will permit only limit orders for approximately two hours after trading support begins. The temporary measures are meant to reduce volatility and ensure a fair, controlled start to XCN trading.
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Moonbeam, N3MUS a Sao Mai Games spouštějí on-chain turnaj GLMillionaiRe s výherním fondem 1 000 000 GLMR. Hráči zaplatí 10 GLMR za hru a soutěž poběží týden od 21. do 28. srpna.
The Moonbeam Foundation, N3MUS, and Sao Mai Games are thrilled to announce the launch of GLMillionaiRe, a groundbreaking onchain gaming tournament designed to showcase competitive gameplay, reward top performers, and bring new users into the Moonbeam ecosystem.
With a 1,000,000 GLMR prize pool and an entry fee of just 10 GLMR per game, GLMillionaiRe rewards both individual game performance and leaderboard consistency. The first weeklong tournament will run August 21–28, with additional tournaments to follow.
Onchain Gaming at Scale: GLMillionaiRe Features and Format Table of Contents
Onchain Gaming at Scale: GLMillionaiRe Features and FormatBetting for Spectators: Onchain Predictions via OddsHubPrize Breakdown and Tournament MechanicsMajor Prize TracksAdditional Leaderboard PrizesSustainability & FairnessBuilt-In Security, KYC, and Anti-Cheat ProtectionsAnti-Cheat Measures Include:A Unified Ecosystem for Web3 GamingGet StartedAbout MoonbeamAbout N3MUSAbout Sequence GLMillionaiRe features Moondrop, a fast-paced, reflex- and speed-based web mini-game developed by Sao Mai. The tournament is powered by N3MUS, a web3 gaming infrastructure provider, and utilizes Sequence’s web3 developer platform and smart wallet solutions to streamline onboarding for new players.
Key elements:
Entry, scoring, and rewards are all handled onchain Intuitive onboarding via Sequence’s smart wallet abstraction Gas-free gameplay for participants “GLMillionaiRe is more than a contest; it’s an experiment in onchain gaming at scale,” said Sicco Naets, Head of Ecosystem at Moonbeam. “With a small entry fee, zero gas for players, and intuitive onboarding via the Sequence wallet, the tournament lowers the barrier for mainstream adoption while introducing gamers to the speed and security of Moonbeam.”
Betting for Spectators: Onchain Predictions via OddsHub To expand participation beyond players, the Moonbeam Foundation has partnered with OddsHub, an onchain prediction market platform. Spectators can place bets on:
Who will hit the high score Final scores Other pre-set predictions This feature enables broader engagement with the Moondrop tournament, even for non-players.
Prize Breakdown and Tournament Mechanics Each contestant may play up to five games per day during the seven-day event. Prizes are structured across two main tracks:
Major Prize Tracks Highest single-game score: 450,000 GLMR Highest cumulative score: 450,000 GLMR Additional Leaderboard Prizes 10 secondary prizes: 10,000 GLMR each Sustainability & Fairness Top two prize winners receive payouts in monthly installments over 10 months All entry fees are recycled into future prize pools Previous top winners are ineligible for the first prize again to give new players a fair chance Built-In Security, KYC, and Anti-Cheat Protections GLMillionaiRe is built with transparency and fairness at its core:
All players use a Moondrop smart wallet via social login (powered by Sequence) Strict ban on multi-account participation Wallet funding checks by N3MUS to prevent sybil attacks Governed by a comprehensive onchain Fair Play Policy Anti-Cheat Measures Include: Score publishing Sleep detection Multi-account detection Social quest verification KYC required for all prize winners A Unified Ecosystem for Web3 Gaming “Our ecosystem teams have been working on this behind the scenes for several months and this tournament is a strong statement of intent,” said Naets. “It’s web3 gaming with real stakes, real scalability, and real community alignment. GLMillionaiRe shows how Moonbeam, N3MUS, Sao Mai, and Sequence can work seamlessly together to create onchain experiences that are fun, fair, and fully decentralized.”
Moonbeam’s push into gaming is backed by measurable growth, according to FiDi:
Gaming transactions rose by 154.8% QoQ, reaching 1.57 million in Q2 2025 Unique active wallets surged by 76.1% to 8,500 Over 600,000 games played in N3MUS-powered tournaments Get Started Visit n3mus.com to register, set up your Sequence wallet, and start competing. Follow @MoonbeamNetwork on X for tournament coverage, partner announcements, and prize breakdowns.
About Moonbeam Moonbeam is a smart contract platform for building cross-chain connected applications that can tap into users, assets, and services across any blockchain. By combining Ethereum compatibility, Polkadot scalability, and integrated cross-chain messaging, Moonbeam enables seamless interoperability and a unified developer experience—paving the way for the next generation of connected apps. With a growing focus on Gaming and DeFi, Moonbeam offers early-stage developers a secure, low-friction environment to launch, grow their user base, and tap into Polkadot’s shared security and cross-ecosystem reach.
About N3MUS N3MUS provides infrastructure for running scalable, on-chain tournaments that prioritize transparency, verified player activity, and long-term engagement. Designed to support studios of all sizes, N3MUS enables competitive formats that are fair, automated, and accessible, without requiring players to manage wallets or understand blockchain.
About Sequence Build, scale, and unify your blockchain ecosystem with Sequence, your all-in-one open-source development platform for chains, games, and apps. One integration gives developers everything they need to create seamless, scalable, and engaging experiences. No more stitching together multiple solutions—just a single, powerful platform that accelerates adoption, enhances user experiences, and drives network effects.
Whether you’re launching a new chain, building the next big game, or shipping a breakthrough app, Sequence makes web3 development easy, efficient, and future-proof. Powering the EVM ecosystem of blockchains, thousands of developers, and millions of users, Sequence is backed by leading investors, including Take-Two Interactive, Ubisoft, Xsolla, and Coinbase.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Binance podpoří plánovaný upgrade sítě Moonbeam (GLMR) a dočasně pozastaví vklady a výběry. Obchodování GLMR i souvisejících tokenů poběží dál bez přerušení.
Binance, one of the world's leading cryptocurrency exchanges, announced that it will support the planned technical upgrade of the Moonbeam (GLMR) network.
13.10.2025 - 05:59
Update: 13.10.2025 - 05:59
Binance, one of the world's leading cryptocurrency exchanges, announced that it will support the planned technical upgrade of the Moonbeam (GLMR) network.
Binance to Support Moonbeam (GLMR) Network Upgrade According to the official statement, in preparation for the upgrade, deposits and withdrawals of all tokens on the Moonbeam network will be temporarily suspended as of 3:00 PM on October 13, 2025.
The network upgrade is expected to occur at block height 12,993,016, approximately 4:00 PM. Binance will be handling all necessary technical work within its own team to ensure the security of user funds and ensure a seamless transition during this time.
Binance specifically emphasized that the maintenance period will only affect deposits and withdrawals, and that trading of GLMR and other related tokens will continue uninterrupted. Users will be able to continue trading in spot and futures markets.
Once the upgrade is complete and the network is confirmed to be stable, deposits and withdrawals of tokens on the Moonbeam network will automatically reopen. Binance also stated that no further announcements will be made after this period.
This network upgrade aims to improve Moonbeam's performance, transaction security, and cross-chain compatibility.
*This is not investment advice.
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Coinbase uvedla, že smlouva na USDC s Circle se automaticky obnovuje každé tři roky a nelze ji ukončit. Firma tak má stabilní podíl na úrokových výnosech z rezerv USDC.
TLDR: Coinbase CFO Alesia Haas confirmed the USDC contract auto-renews every three years into perpetuity. CLO Paul Grewal confirmed Circle’s contract terms are set and will auto-renew without renegotiation. The USDC contract cannot be terminated by either party, providing Coinbase with long-term stability. Coinbase earns a share of USDC reserve interest income, secured through the auto-renewal structure. The USDC contract between Coinbase and Circle auto-renews every three years and cannot be terminated, executives confirmed.
This disclosure came during Coinbase’s Q1 2026 earnings call. Chief Financial Officer Alesia Haas addressed the contract’s structure directly on the call.
Chief Legal Officer Paul Grewal also weighed in, confirming the existing terms remain set. Both executives stated that Coinbase expects to maintain the relationship with Circle under the same conditions.
CFO Alesia Haas confirmed the USDC contract structure during the Q1 2026 earnings call. She stated the agreement “auto-renews every three years into perpetuity and cannot be terminated.”
Coinbase: USDC Contract With Circle Auto-Renews Every Three Years and Cannot Be Terminated
Coinbase CFO Alesia Haas said on the earnings call that Coinbase’s USDC contract auto-renews every three years into perpetuity and cannot be terminated. Coinbase CLO Paul Grewal also said… pic.twitter.com/Pjpg3PBGIQ
— Wu Blockchain (@WuBlockchain) May 8, 2026
This means neither party holds the ability to exit the arrangement. The structure ensures a continuous and uninterrupted partnership between Coinbase and Circle.
The three-year renewal cycle removes any uncertainty around the long-term viability of the agreement. Coinbase derives a meaningful portion of its revenue from USDC-related interest income.
With the contract locked in, that revenue stream remains stable and predictable. Investors, therefore, have a clearer view of Coinbase’s stablecoin earnings outlook.
Haas also used the earnings call to introduce Shan Aggarwal as a key leadership addition. Aggarwal joins as Coinbase’s new Chief Business Officer and Head of Investor Relations.
She described him as her right hand during the company’s 2021 direct listing. He also led Coinbase’s Series E fundraise back in 2018.
CLO Paul Grewal Reaffirms Coinbase’s Contract Terms With Circle CLO Paul Grewal also addressed the Circle partnership during the same earnings call. He confirmed the “existing contract terms with Circle are set, will auto-renew.”
Furthermore, Grewal noted that Coinbase expects to continue the relationship under those same terms. His remarks reinforced what Haas had already outlined earlier in the call.
This confirmation is relevant given the growing role of USDC in the stablecoin market. Coinbase earns a share of interest income from the reserves backing USDC.
The three-year auto-renewal cycle keeps that income stream locked in without interruption. As a result, the contract provides the company with a reliable and recurring revenue base.
Together, the remarks from Haas and Grewal offer investors consistent and clear messaging. The USDC contract remains a foundational part of Coinbase’s business model.
Both executives’ statements confirm that Circle is a core, long-standing strategic partner. Coinbase’s stablecoin position, as a result, stays well-supported for the years ahead.
Nexus Mutual, a DeFi coverage protocol, has swapped 14,390 ETH (equivalent to $27.3 million) from its “safety insurance module” for Rocket Pool’s rETH liquid staking token using the CoW Swap DEX aggregator. This ranks as one of the largest on-chain swaps ever conducted by Nexus Mutual as part of a broader diversification strategy for the coverage protocol.
On-chain data indicates that Nexus Mutual executed its purchase of rETH in two transactions: one for 14,140 ETH and the other for 250 ETH, relying on CoW Swap’s trade routes for the swap.
This transactions were conducted as part of Nexus Mutual’s diversification strategy. Within the Nexus Mutual DAO, an investment committee recommended reallocating funds from its insurance module, which provides coverage for security incidents like hacks, to liquid staked ether. As a result, the project decided to invest in Rocket Pool ether (rETH), an asset generated by the liquid staking project, Rocket Pool.
“Staking with the Rocket Pool protocol would amplify Nexus Mutual’s investment in liquid staked ETH while adding protocol diversity. This would consequently limit the risk of exposure to any single staking provider,” said a spokesperson from Nexus Mutual.
Role of CoW Swap The Nexus Mutual team noted that it chose CoW Swap as its preferred DEX aggregator because of its price-matching capabilities, protection against maximal extractable value (MEV), and its ability to handle substantial volumes without significant slippage.
CoW Swap has previously facilitated transactions for other DAOs, such as Ethereum Name Service's swap of 10,000 ETH into USDC stablecoin in February. Just recently, the Aave community acquired $2 million in Balancer LP tokens using the protocol.
Bitcoin Gold, a minor fork of Bitcoin, fell victim to a 51% attack last week, according to an independent report on GitHub.
Bitcoin Gold’s Low Hashrate to Blame As explained by Vertcoin maintainer James Lovejoy, the cryptocurrency suffered two deep reorganizations on Thursday, Jan. 23 and Friday, Jan. 24.
By buying out the blockchain network’s hashrate, attackers were able to steal approximately 7,000 BTG ($72,000) through double spending.
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Bitcoin Gold appears to be an easy target due to its low hashrate. Lovejoy suggests that the attack would have cost about $1,700 based on current Nicehash prices. Similarly, Crypto51 suggests it would cost about $700 to attack the blockchain.
The attacker succeeded in moving the stolen cryptocurrency to Binance, and may have succeeded in cashing out the stolen funds. However, Binance has also increased its withdrawal times for Bitcoin Gold to prevent future thefts.
This is not the first time that Bitcoin Gold has suffered a 51% attack: it was previously hacked for $18 million in May 2018, which led several exchanges to delist the coin.
Bitcoin Gold isn’t the only blockchain that has fallen victim to an attack. Lovejoy detected a similar attack on Vertcoin in December. He also discovered attacks on Expanse and Litecoin Cash over the course of 2019.
Other blockchains that have been targeted by 51% attacks in recent years include Ethereum Classic, Verge, and Feathercoin.
Disclosure: This article was edited by Mike Dalton. For more information on how we create and review content, see our Editorial Policy.
Vertalo přidal Aptos do svého Securities Protocolu pro regulované tokenizované cenné papíry vedle Etherea a Tezosu. Emitenti tak mohou nově využít Aptos pro správu cap table a tokenizaci napříč více řetězci.
Vertalo, an SEC-registered transfer agent that has spent the better part of a decade building infrastructure for tokenized securities, has added Aptos to its platform. The Layer-1 blockchain now sits alongside Ethereum and Tezos as a supported chain for Vertalo’s Securities Protocol, which handles cap table management, transfer agency functions, and multi-chain tokenization for issuers and fund managers.
What Vertalo actually does, and why this matters Vertalo has been tackling exactly that problem since its founding in 2017. The company achieved SEC registration as a transfer agent in November 2019, operating under File No. 084-06663. Vertalo is one of the few platforms legally authorized to serve as the official record-keeper of who owns what in a tokenized securities structure.
The platform exposes over 1,000 GraphQL API endpoints, giving issuers and fund managers granular programmatic access to cap table data, investor management tools, and compliance workflows. It has partnered with more than 100 issuers over its lifetime, and its own first use case was tokenizing its own equity back in 2018.
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Adding Aptos to this stack means that issuers using Vertalo can now choose to deploy their tokenized securities on a high-throughput Layer-1 network built with the Move programming language, a language originally developed at Meta that was designed with resource safety and formal verification in mind.
Aptos keeps collecting institutional credibility tZERO announced Aptos as a preferred execution layer for tokenized assets on May 12, 2026. DigiShares made a similar move on April 7, 2026, integrating Aptos into its own tokenization platform.
BlackRock’s BUIDL fund, which was approximately $350 million as of late 2025, has exposure to Aptos. Franklin Templeton has similarly shown support for the network.
The RWA tokenization landscape is getting crowded Ethereum still dominates in terms of total tokenized asset value and ecosystem depth. But the fact that multiple regulated platforms are actively adding alternatives tells you something about where the market is heading: multi-chain by necessity, not by ideology.
Vertalo’s approach of supporting multiple chains through a unified Securities Protocol, with consistent cap table management across all of them, is essentially a bet that the future of tokenized securities won’t be a single-chain winner-take-all scenario.
What this means for investors The clustering of integrations from tZERO, DigiShares, and now Vertalo within a compressed timeframe — three major platforms onboarding within roughly six weeks — suggests the network is becoming a default option for compliance-minded builders.
The risk to watch is fragmentation. Multi-chain tokenization can create liquidity silos where the same asset class exists across multiple chains with limited interoperability. Vertalo’s unified cap table approach addresses part of this problem, but cross-chain settlement and secondary market liquidity remain unsolved challenges.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aptos Foundation, HashKey MENA a Daya spustily pilot regulovaného B2B stablecoinového platebního koridoru mezi MENA a Afrikou se zúčtováním nativně na vrstvě 1 Aptos. Tokeny ekosystému Aptos po oznámení vzrostly o 5,1 % a tržní kapitalizace sítě dosáhla 4,03 miliardy USD.
Aptos Foundation, HashKey MENA, and Pan-African infrastructure provider Daya launched a pilot program on June 4 to build a regulated B2B stablecoin payment corridor connecting the MENA region with Africa, with settlement happening natively on the Aptos Layer 1 blockchain.
How the corridor actually works HashKey MENA, which operates under the regulatory oversight of Dubai’s Virtual Assets Regulatory Authority (VARA), anchors the Middle Eastern side of the corridor. On the African end, Daya provides the infrastructure that makes blockchain settlement practical for real-world commerce. Its platform supports fiat on-ramps and off-ramps, including virtual Naira accounts for Nigerian businesses.
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The pilot allows corporations to test compliant settlement solutions. The architecture is designed to address high costs, slow processing times, and chronic liquidity shortfalls.
Why this corridor, why now It’s a B2B corridor with licensed entities on both ends, operating within existing regulatory frameworks. Enterprise adoption of stablecoins has consistently been bottlenecked by compliance concerns rather than technical limitations.
Aptos as the underlying settlement layer is a deliberate choice. The blockchain was built with a focus on throughput and low transaction costs. Its Move programming language, originally developed at Meta’s defunct Diem project, was designed with financial applications in mind from the start.
What this means for investors Aptos ecosystem tokens climbed 5.1% following the announcement, pushing the network’s market capitalization to $4.03 billion. Transaction volumes and concrete adoption metrics have not been disclosed.
The risk calculus is straightforward. Pilot programs fail all the time. Regulatory environments in both MENA and Africa can shift quickly. African regulatory frameworks vary dramatically by country, and scaling beyond Nigeria will require navigating a patchwork of compliance regimes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Klienti FTX chtějí, aby soud přecenil Serum, MAPS a OXY na stovky milionů dolarů místo téměř nulové hodnoty. Spor má před soudem v Delaware závěrečné argumenty.
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FTX customers are demanding substantial payouts from the bankrupt crypto firm. These customers claim three digital tokens, known as “Sam Coins,” deserve a higher value despite their association with convicted co-founder Sam Bankman-Fried.
Investors Push For Higher Valuation According to a Bloomberg report, the investors holding tokens called Serum, MAPS, and OXY are urging US Bankruptcy Judge John Dorsey to override the company’s experts’ conclusion that the tokens are “nearly worthless.”
Notably, Sam Bankman-Fried, who created Serum and obtained control over the other two tokens, was involved in securing deals related to them, as mentioned in court documents.
When FTX filed for bankruptcy in November 2022, the company held a significant majority of the tokens, far exceeding what could be sold, even without considering the fraudulent activities that led to its collapse, as the company argued in a court filing.
The firm’s advisers have proposed that the tokens should be valued at a minimal amount, possibly just a few cents. However, the token holders argue that this estimate is “flawed” and have presented their valuation method in court, suggesting that the tokens are worth hundreds of millions of dollars. They have filed claims demanding payment based on their calculations.
FTX Customers Prepare For Legal Showdown FTX’s lawyers state that other former customers will likely receive full reimbursement for their investments on the trading platform before bankruptcy. These customers had invested in US dollars, Bitcoin (BTC), and other assets that still hold value today.
The case between the customers and FTX is scheduled to reach its final arguments on Tuesday before Judge Dorsey in federal court in Wilmington, Delaware, the same jurisdiction currently seeing increased attention due to developments in Delaware sports betting legislation..
Per the report, the “Sam Coins” played a significant role in this fraudulent scheme, as asserted by bankruptcy officials. While these tokens had distinct names, they were colloquially called “Sam Coins” due to their close association with Bankman-Fried.
On the other hand, Sam Bankman-Fried was convicted of fraud for improperly transferring customer assets to a hedge fund under his control. The funds were subsequently utilized for high-risk investments, political donations, and expensive real estate, ultimately leading to the collapse of the FTX empire.
The daily chart shows that FTT’s price is trending downwards. Source: FTTUSD on TradingView.com At present, the native token of the exchange, FTT, is trading at $2.15, reflecting a 3% decline in price over the past 24 hours. However, the token has witnessed significant gains in recent months, accumulating a total growth of 65%.
Meanwhile, the three coins associated with Bankman-Fried display varying trends. Serum (SRM) has experienced a decline of over 5% in the past 24 hours and is currently valued at $0.06318.
On the other hand, MAPS is trading at $0.03549, demonstrating an upward trend of 9.4% during the same time frame. Lastly, Oxygen (OXY) stands at $0.01629, showcasing a notable surge of 15% within the given period.
Featured image from Shutterstock, chart from TradingView.com
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Alien Worlds v roce 2025 v průměru měl přes 90 000 denních aktivních účtů a posílil komunitní řízení. DAO zároveň zpracovaly 850 návrhů a alokovaly 12 080 321 Trilium.
2025 was one of the most important years in the history of Alien Worlds. From launch, the goal has always been to give increasing control to the community. This year showed how far that vision has come as players expanded the metaverse through games, governance, tools, lore, and new ways to earn Trilium.
With an average of more than 90,000 daily active accounts in 2025, Alien Worlds remained one of the most active decentralized ecosystems, driven by community builders, creators, and DAOs.
Milky Way Miner
Weekly tournaments grew significantly this year, offering Trilium rewards to all participants. Players staked Alien Worlds NFTs, competed in skill-based mining challenges, and progressed across a polished 2D platformer. Permanent boosts were removed to keep gameplay fair and balanced.
Mercenary Battlegrounds
This strategy title combined tower defense, auto-battler, and tactical mechanics. Staking crew.worlds NFTs unlocked Alien Worlds themed towers, and players battled through six weeks of tournaments supported by Trilium rewards.
Mayhem: Alien Worlds
A turn-based mobile shooter inspired by classic tactics games. Players selected their preferred race, used specialized abilities, and submitted kill shots during playtesting rounds that rewarded participation and helped refine gameplay.
Mission Control
A community-built platform that provided mining analytics, land insights, NFT tracking, and performance dashboards. Players used it daily to optimize strategy across the Alien Worlds economy.
Outlaw Troopers
A long-running community-created NFT game on WAX where players deploy Troopers in Encounters to earn FGL tokens and climb seasonal leaderboards. Players run Missions to collect virtual credits, gears, ore, and other resources used across the FGL ecosystem. Outlaw Troopers also introduced cooperative battles against the Orbatroid, where players can team up and compete for a share of Trilium rewards. New events and tournaments are announced through Alien Worlds socials.
Minecrafters
A Magor Union community project that combines the Minecraft experience with Alien Worlds themed gameplay. Players explore the server, complete quests, build structures, and interact with custom features inspired by the six planets. By staking Alien Worlds NFTs, players unlock progression paths and can earn Trilium through in-game activities and event participation.
Eyeke Embassy
One of the most active hubs of 2025. With expanded support through Galactic Hubs, the Eyeke Embassy introduced new Legendary and Mythic Mechs, increased mining and staking rewards, and released monthly one-of-one Mechs inspired by each Alien Worlds race. More than 25,000 NFTs were burned through blends during the event.
Planetary Defense
A strategic community-created game set on Magor where players defend land, launch coordinated attacks, and manage NFTs in real time. Landowners build defenses while mercenaries join raids or protect territories. Players face PvE threats and PvP battles, complete missions, and earn Planetary Defense Tokens. Progression comes from upgrading armies, increasing vote power, improving chests, and climbing the leaderboard.
Meta Battler
A community-built rogue-like deck-building strategy game that lets players use digital collectibles from across the WAX ecosystem, including Funkos and custom NFTs. Attributes are assigned automatically, allowing a wide range of items to become playable cards. Upcoming updates include streamer PvP, roguelike campaigns, NFT loot, and an economy powered by MBP. Players build decks, battle through encounters, unlock rewards, and experiment with new strategies shaped alongside the community.
Decentralization Became More Visible Alien Worlds continued progressing toward a community-directed structure where players guide development, resource distribution, and planetary governance.
Union DAOs Gained Greater Control Over Mining Rewards
Union DAOs can now direct up to 25 percent of their mining reward pool toward community initiatives. This expanded authority allows players to fund tools, games, events, and creative work within their planets.
Election Cycle Adjustments
Planets gained the ability to adjust their own election time frames, giving each community the flexibility to match governance to its activity and needs.
Control Over Custodian Count
DAOs gained authority over the number of custodians for their planet. This lets each Syndicate establish the structure that fits its voters and builders.
Syndicate Activity in 2025
Across all six planets:
850 proposals were submitted
791 proposals were executed
12,080,321 Trilium was allocated through Syndicate actions
Union DAOs executed 52 proposals this year, dispersing a total of 26,199,123 Trilium:
Neri Union: 6,588,501 Trilium
Kavian Union: 7,181,100 Trilium
Magor Union: 5,240,000 Trilium
Naron Union: 3,595,902 Trilium
Eyeke Union: 3,338,620 Trilium
Veles Union: 255,000 Trilium
Union DAO staking totals:
Neri Union: 1,786,743.1474
Kavian Union: 874,089.0837
Eyeke Union: 875,257.6168
Naron Union: 97,157.9867
Magor Union: 607,422.5292
Veles Union: 850,033.0595
Missions Reached Major Scale
In 2025:
20,993,150 total ships were sent on Missions
1,256,114,160 Trilium was staked for ship leasing
118,270,600 Trilium was distributed as Mission rewards
Lore and Creativity Expanded Through Players
Tokenized lore continued to grow in 2025.The system went live on January 29, and the first proposal was submitted on February 6. There were more than 122 community-written stories and over 1.1 million words of AI-assisted lore created based in the Alien Worlds metaverse.
Writers worked with the foundational lore created by Kevin J. Anderson. Players voted on which stories became canon, and contributors, librarians, and Lore Scribes supported new writers throughout the process.
Galactic Hubs Continued Supporting Builders In 2025, GHubs funding supported:
new game updates
mining experiences
Mech development in Eyeke
community tool improvements
cross-platform integrations
lore and storytelling initiatives
For a deeper look at GHubs funded projects and milestones, you can read the full Galactic Hubs report.
The Ecosystem Ahead Alien Worlds in 2025 was defined by players. Games were created by the community. Governance decisions were made by DAOs. Trilium rewards moved through structures selected by the community. Lore and worldbuilding came from contributors across the world. Alien Worlds continues to grow through the creativity and decisions of the Explorers who call the six planets home.
FTX vyprázdnila treasury peněženku FTT do nové adresy a přesunula aktiva za více než 256 milionů USD. Mezi nimi bylo 195,87 milionu FTT, 1 938 ETH a 6,36 milionu JOE.
The bankrupt FTX exchange emptied its FTT treasury account to a new wallet address on April 18.
Arkham Intelligence's dashboard showed that the transferred assets from the FTT Treasury wallet include 195.87 million FTT tokens valued at approximately $247 million, 1,938 ETH valued at around $6 million, and 6.36 million JOE tokens worth $3.25 million.
As a result, the Treasury wallet now holds only about $205 worth of digital assets, a significant reduction from the wallet's balance, which stood at about $612 million at the start of the year.
FTT, the native token of a now-defunct FTX crypto exchange, once gave customers discounts and privileges during the firm's heyday. However, revelations during the trial of former FTX CEO Sam Bankman-Fried showed that the digital asset was used to manipulate the financial records of the exchange and its affiliated trading firm, Alameda Research.
Since the exchange's dramatic collapse, FTT has plummeted by a staggering 98% from its peak of $84. Over the past month, it has declined by more than 34%, with a further drop of approximately 28% in the last seven days alone.
FTX Europe license remains suspendedMeanwhile, FTX regulatory issues continue amid its bankruptcy proceedings.
According to an April 16 notice, the Cyprus Securities and Exchange Commission (SEC) prolonged the suspension of its European subsidiary license until September 2024.
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The financial regulator's directive mandates that FTX Europe adhere to the Investment Services and Activities and Regulated Markets Law.
Consequently, FTX Europe remains barred from offering investment services, engaging in business transactions, or accepting new clients in light of this regulatory action. The firm is also prohibited from advertising investment services.
Conversely, FTX Europe must fulfill all pending transactions for itself and its clients upon request. Additionally, the SEC mandates the company to reimburse all funds and financial instruments from its clients.
Gearbox Protocol debutoval na Etherlinku s USDC vaultem od Re7 Labs a přináší institucionální DeFi strategie na Tezos Layer 2. Za sedm měsíců už Gearbox vytvořil objem obchodů dosahující 2,8 miliardy USD.
Curators may now create custom lending markets by using this distinctive, institutional-grade lending infrastructure . Over the course of seven months, Gearbox users have created $2.8 billion in trading volume across Ethereum DEXs. Gearbox Protocol, which has a USDC vault curated by Re7 Labs, has debuted on Etherlink. The deployment uses treasury-backed tokens like mTBILL, mBASIS, and mRe7YIELD to provide institutional-grade strategies to the Tezos Layer 2.
As DeFi’s credit layer, Gearbox links customers looking for composable leverage across return-generating options with passive liquidity providers. Curators may now create custom lending markets by using this distinctive, institutional-grade lending infrastructure thanks to the introduction of permissionless.
“We’ve been looking for the right L2 to expand Gearbox Permissionless, and Etherlink’s performance metrics and ecosystem convinced us,” said Mikhail Lazarev, Founder and CTO at Gearbox Protocol. “When you can get soft confirmations in under 500ms with fees that are negligible, combined with well-known DeFi protocols, it opens up entirely new possibilities for capital efficiency in leveraged strategies.”
As a vault curator, Re7 Labs contributes substantial experience, overseeing more than 700 million TVL over more than 100 pools on 14 blockchains. Re7, one of the leading DeFi curators in the world, uses unique risk management frameworks to generate profits. In order to increase underlying returns while upholding cautious risk criteria, the vault technique loops return-bearing tokens against USDC.
Evgeny Gokhberg, Managing Partner at Re7 Capital, said: “Etherlink’s infrastructure and Gearbox’s credit layer give us the ideal foundation to scale our strategies. We’re bringing institutional-grade yield to a new audience with the same discipline and risk management we apply across $1B+ in DeFi capital.”
Incentives from Apple Farm Season 2 and GEAR token payouts from the Gearbox DAO will also help the vault. Over the course of seven months, Gearbox users have created $2.8 billion in trading volume across Ethereum DEXs, and the protocol’s TVL increased by 230% to $400 million in H1 2025.
“Having Gearbox launch on Etherlink was a big win for us,” said Anthony Hayot, Head of DeFi Adoption at Nomadic Labs. “They bring serious institutional credibility, four years, zero hacks, $400 million TVL, and a product that will give real value to Etherlink users.”
For more over four years, Gearbox has had a perfect security record with no vulnerabilities or bad debt. The protocol operates under stringent governance mechanisms with 24-hour timelocks for vault parameter changes, and it has made large investments in audits by respectable firms.
Following the successful launch of Apple Farm Season 2 with over $3 million in incentives, the integration of Curve Finance to enable low-slippage stablecoin swaps, the launch of Liquid Bitcoin (LBTC) by Lombard Finance, and a 68.4% TVL increase in July that placed Etherlink among the fastest-rising Layer 2s, the Gearbox deployment comes after a period of significant momentum for Etherlink.
Through Credit Accounts and carefully chosen vaults overseen by knowledgeable asset managers, the decentralized credit layer known as Gearbox Protocol makes it possible to use composable leverage across DeFi possibilities.
A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.
Gearbox se po 80% propadu TVL vrací k bývalému maximu, když uživatelé do nového úvěrového trhu Permissionless nalili 250 milionů USD. Protokol od svého vzniku v roce 2021 stále nemá žádný bad debt.
Gearbox is nearing its previous TVL all-time high.The protocol’s TVL slumped massively last year.Gearbox has never suffered bad debt.For some DeFi projects, when airdrop rewards dry up, it kickstarts a terminal liquidity decline from which they don’t recover.
DeFi lending protocol Gearbox has defied that pattern.
Last year, its total value locked fell 80% from its $410 million peak. Users caused the slump by abandoning Gearbox when opportunities to farm airdrops of restaking services like Renzo shrank. TVL is a metric that measures the amount of deposits to a DeFi protocol.
Yet, Gearbox’s TVL has since bounced back to $340 million, DefiLlama data shows. The TVL includes funds borrowed on the protocol.
“A significant aspect of Gearbox’s comeback strategy was integrating assets no one else can,” a Gearbox team member who goes by Mugglesect told DL News.
For instance, Gearbox users can tap into illiquid assets available on protocols like Mellow Finance, a $430 million liquid restaking protocol.
Mugglesect said Gearbox is betting that this growth is anchored in users actually leveraging the protocol rather than chasing the next speculative farming craze.
Gearbox’s revival comes amid a resurgence in crypto’s lending sector that has pushed deposits to $130 billion, catapulting the sector to the summit of DeFi, even overtaking liquid staking, previously the biggest sector.
Unique advantageGearbox is small compared to giants like Aave and Morpho, whose deposits are in the tens of billions of dollars.
But it has a unique advantage: so-called credit accounts, Mugglesect said. These are smart contract wallets inside the Gearbox app that allow users to deploy leveraged capital across several DeFi markets for trading, staking, or providing liquidity.
Users deposit approved collateral like Ether on Gearbox to open a credit account. Based on the account’s leverage limits, they can borrow multiples of their collateral to use as capital to stake on Lido to earn staking yield, provide liquidity on Curve to receive boosted rewards, or trade perpetual contracts.
“You don’t just loop an asset, you borrow up to [40 times] your capital in a credit account and utilise it across DeFi, turning any integrated DeFi protocol leveraged,” Mugglesect said.
“Credit accounts can also connect to assets that aren’t on [decentralised exchanges] or aren’t even tokenised, something traditional lending protocols can’t do.”
Gearbox’s credit accounts offer composability, which means users can integrate across several DeFi markets via the platform.
That’s not possible on other protocols, such as Aave, Morpho, or Compound. There, users must manually transfer borrowed funds to other DeFi apps if they want to farm or stake.
Risk curatorsIn March, Gearbox launched a new lending market called Permissionless. It has been a major boon for the protocol, with credit accounts on Permissionless accounting for $250 million of Gearbox’s TVL.
Permissionless features risk curators. These are DAO-approved managers who define the assets and DeFi strategies that can be used with a Gearbox credit account. They also set the allowable risk parameters, like leverage limits and liquidation thresholds, to keep credit accounts safe for users.
Usually, the Gearbox DAO approves new assets that can be added to the protocol via a governance vote.
“Permissionless enables risk curators to onboard new markets to Gearbox without the DAO intervention,” Mugglesect said.
Under Permissionless, Gearbox has added five new blockchains and more than 25 markets to its lending stack while tripling the protocol’s market expansion, Mugglesect said.
“The protocol is already on 27 [blockchains], the most of any lending protocol,” Mugglesect said. “We’ll be doubling down on more such integrations to create sticky growth.”
Zero bad debtBut with crypto lending comes risks. As Gearbox swallows up more liquidity, the peril for lenders could increase.
The team takes a proactive approach to unforeseen events by forking the networks eight times a day to test against black swan events, Mugglesect said.
Gearbox has already proven its chops in navigating periods of market upheaval, Mugglesect said.
Last year, ezETH, Renzo’s Ethereum liquid staking token, lost its peg to Ethereum due to confusion over the protocol’s airdrop. Users couldn’t redeem ezETH for Ethereum, and that caused a massive selloff on exchanges.
The ezETH depeg caused $56 million worth of user positions to be liquidated, with $33 million of those losses happening on Gearbox due to the protocol’s popularity among restaking airdrop farmers.
Yet Gearbox didn’t suffer any bad debt thanks to its design. That design separates lenders, risk curators, and active borrowers into different layers within the protocol.
It even earned a profit from the ezETH depeg liquidation, whereas Morpho, the second-most affected protocol in the ezETH depeg incident, incurred about $34,000 in bad debt.
The protocol boasts a bad-debt-free track record since its inception in 2021.
Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at [email protected].
Somnia is integrating with Gearbox Protocol to enable SOMI and USDC markets, giving users access to leveraged DeFi strategies and credit accounts on the highest-performance EVM blockchain. Gearbox will also participate in the Somnia Liquidity Points program, meaning early users can earn rewards while exploring these new leverage capabilities.
Gearbox Protocol has established itself as a leader in composable leverage, processing over $1.5 billion in assets through its curator network. Unlike traditional leverage platforms that confine users to internal order books, Gearbox operates as a credit layer that allows borrowed capital to flow across the broader DeFi ecosystem.
With this integration, SOMI holders will have the option of using Gearbox’s credit accounts, where users can deposit SOMI as collateral and borrow against it to execute leveraged strategies across DeFi protocols. This brings new utility to the SOMI token and gives holders additional opportunities for putting their assets to work.
With Gearbox Protocol, Somniacs can maintain exposure to SOMI while accessing liquidity to trade, provide liquidity, or deploy capital across multiple protocols at the same time. The credit account model allows these operations to happen through a single interface rather than requiring users to manage separate positions across different platforms.
Gearbox handles the complexity of margin management, liquidation thresholds, and position monitoring. Users interact with a credit account that automatically manages collateral ratios and exposure limits based on the assets they’ve deposited. For someone holding SOMI who wants to participate in a yield opportunity on another protocol, this removes the friction of unwinding positions or fragmenting capital across multiple wallets.
Gearbox has an established user base that understands leverage, knows how to manage risk, and actively seeks opportunities to deploy capital efficiently. The integration creates a pathway for these DeFi users to discover Somnia through a familiar interface. Someone using Gearbox on another chain can now access SOMI and USDC markets, start building positions, and gradually explore what else exists in the ecosystem.
Leveraged DeFi strategies generate massive volumes of onchain activity. Many leverage protocols struggle with this volume because they’re built on infrastructure where every action carries meaningful latency and cost.
Somnia’s architecture changes this calculus. When a protocol can process over 1 million transactions per second with sub-second finality and sub-cent fees, the constraints that normally limit leveraged strategies start to disappear. Sophisticated trades that involve multiple steps, continuous rebalancing, or frequent position adjustments become viable in ways they aren’t on slower chains.
This applies to automated strategies that might rebalance dozens of times per day, structured products that need to adjust positions based on real-time data feeds, or credit protocols that need to perform constant health checks across thousands of positions. Gearbox strategies that would be prohibitively expensive to run elsewhere become practical on Somnia because the infrastructure can handle the transaction volume these operations generate.
Beyond individual users deploying leverage, Gearbox functions as composable infrastructure that ecosystem projects can integrate without building their own credit systems.
This approach reduces development time and security risk. Credit systems are notoriously difficult to build safely because they involve managing other people’s money under volatile market conditions. By using Gearbox as infrastructure, projects get code that’s been stress-tested across multiple market cycles rather than building their own systems that might have undiscovered vulnerabilities.
For gaming specifically, this opens new design space. A battle royale game could let players leverage their token holdings to enter higher-stakes tournaments. A strategy game could enable borrowing against in-game assets to fund expansion. A prediction market could offer leveraged positions on match outcomes. These features would typically require extensive DeFi expertise to implement safely, but Gearbox makes them accessible to game developers who understand their players but don’t necessarily understand the complexities of DeFi.
Somnia will provide $5 million in initial liquidity to activate the SOMI and USDC markets, giving users sufficient depth to execute strategies without excessive slippage.
This initial liquidity serves as a foundation rather than a permanent commitment. As users deploy capital and market makers add liquidity, the markets will develop their own depth and trading activity. The goal is to reach a point where the markets are self-sustaining, with enough participants that the initial bootstrap capital becomes a small fraction of total liquidity.
Invariant, a leading multichain AMM DEX, will act as a curator, setting parameters like collateral ratios, borrowing limits, and risk thresholds. These parameters determine how much users can leverage, which assets can serve as collateral, and when positions face liquidation. Getting these settings right is important because overly conservative parameters limit utility while overly aggressive ones create systemic risk.
Gearbox’s participation in the Somnia Liquidity Points program means users who provide liquidity or engage with the new markets can earn rewards. Adding Gearbox to the mix gives users another avenue to accumulate points while accessing professional-grade leverage infrastructure.
If you haven’t joined the Liquidity Points program yet, now is the time. Visit the Somnia Liquidity Points dashboard to connect your wallet, explore eligible pools, and start earning.
Chainlink se integroval s Gearbox, aby na Monad zajistil přesné cenové feedy pro trhy AUSD, MON a USDC. Cílem je snížit chyby při likvidacích a posílit bezpečnost DeFi.
Chainlink is a decentralized oracle network that acts as a secure bridge between blockchains and the real world. Chainlink has announced its strategic integration with Gearbox protocol, a generalized, composable leverage protocol for lending assets across various decentralized finance (DeFi) ecosystems. The main purpose of this integration is to ensure accurate pricing for Gearbox’s AUSD, MON, and USDC markets on Monad.
Chainlink is renowned worldwide for its efficient work in connecting blockchains with the real world. On the other hand, Gearbox is also facilitating users in terms of lending across DeFi, as per the source, Gearbox holds over $ 175 M in total value locked. This figure also supports the efficient and trusted services by Gearbox. Chainlink has released this news through its official X account.
Chainlink and Gearbox Alliance Elevates DeFi Security on Monad The alliance of Gearbox protocol and Chainlink price feeds will empower the whole infrastructure, especially for AUSD, earnAUSD, MON, and the largest USDC liquidity pool on monad. Chainlink helps Gearbox by reducing liquidation errors in accurate asset pricing. This will happen with Chainlink’s specialized features for price feed, and at the same time, open a smooth and safer leverage and credit account operation.
In this integration, Monad, which is a high-performance, EVM-compatible Layer-1 blockchain, plays its role to solve the problems related to Ethereum’s scalability. This integration is basically to enhance the DeFi security system on Monad for serving humanity.
Building a More Secure DeFi Ecosystem Chainlink and Gearbox ally to change the security infrastructure for users’ safety and trust all over the world without any errors. Both platforms have a huge number of users that support the efforts of both platforms, which always have only one aim: to bring beneficial innovation for users.
Moreover, their security is much stronger, and for that purpose, they never believe in any other third party for holding users’ details. In short, this integration is purely based on bringing safer, more scalable, and ready for larger capital inflows.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Binance rozšíří 2026-05-22 Monitoring Tag na ALCX, COOKIE, DODO, EPIC, HEI, HFT, STORJ, SYN a TLM. Tyto tokeny mají vyšší volatilitu a riziko delistingu.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Based on recent reviews, Binance will extend the Monitoring Tag to include more tokens on 2026-05-22. The tokens to be added to the Monitoring Tag list are: Alchemix (ALCX)Cookie DAO (COOKIE)DODO (DODO)Epic Chain (EPIC)Heima (HEI)Hashflow (HFT)Storj (STORJ)Synapse (SYN)Alien Worlds (TLM) Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens. These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform. To gain trading access to tokens marked with the Monitoring Tag, users will need to pass the quiz every 90 days on the Binance Spot and/or Binance Margin platforms, and accept the Terms of Use. The quizzes are set up to ensure users are aware of the risks before trading tokens with the Monitoring Tag. Binance will conduct periodic project reviews and decide if the Monitoring Tag should be added to or removed from tokens as per its latest findings. These criteria are considered during the review: Commitment of team to projectLevel and quality of development activityTrading volume and liquidityStability and safety of network from attacksNetwork / smart contract stabilityLevel of public communicationResponsiveness to our periodic due diligence requestsEvidence of unethical/fraudulent conduct or negligenceContribution to a healthy and sustainable crypto ecosystem Please note: Other services related to the aforementioned tokens will not be affected. The Monitoring Tags for the aforementioned tokens will be updated shortly after the publishing of this announcement.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth. Thank you for your support! Binance Team 2026-05-22
Binance Labs investoval do L2 DEX protokolu Aevo, který má přes 50 000 měsíčně aktivních uživatelů a více než 80 miliard USD v objemu derivátů. Aevo chce kapitál využít k růstu ekosystému a komunity.
The venture capital arm of the world’s largest crypto exchange by trading volume is announcing a new investment in a decentralized exchange (DEX) protocol.
According to a new press release, Binance Labs has invested in a layer-2 (L2) DEX called Aevo, a rebrand of Ribbon Finance.
[adinserter block="1"]
Aevo bills itself as a high-performance derivatives DEX platform tailored for futures and perpetual contracts trading.
The decentralized finance (DeFi) protocol is built on top of the Ethereum (ETH) layer-2 protocol Optimism’s (OP) OP Stack. It acts as an off-chain order book, with orders settled on-chain on Ethereum. The protocol uses Celestia (TIA) as a high-throughput data availability (DA) layer to increase scalability. The project is also backed by Paradigm, Dragonfly and Coinbase Ventures.
According to the announcement, Aevo plans to use the investment to grow the ecosystem and its community, which already has over 50,000 monthly active users who have done more than $80 billion in derivatives volume.
“As part of the future roadmap, Aevo will launch vault strategies, yield products, and Aevo staking. It will expand its ecosystem of derivative products by allowing builders to deploy their dApps permissionlessly on Aevo L2 to leverage its growing user base and unique features.”
Binance Labs is the accelerator and venture capital arm of Binance.
nOPAL je nyní na Pendle ETH mainnetu a nabízí 120denní trh s přibližně 11% pevným APY pro kupce PT. Jde o tokenizovaný vault BlackOpal Finance krytý brazilskými pohledávkami z kreditních karet.
RWA is Pendle's dominant Q2 2026 narrative, and today, one of the most structurally distinct entrants joins the market. nOPAL is now live on Pendle ETH mainnet, offering a 120-day market with a ~11% current fixed APY for PT buyers.
LP nOPAL current 77.47% APY
This is real credit, settled by Visa and Mastercard, brought on-chain.
Explore the nOPAL LP Market HERE
What Is nOPAL?nOPAL is a tokenized vault issued by BlackOpal Finance, backed by Brazilian credit card receivables. BlackOpal purchases future receivables from merchants at a discount, a true sale registered in Brazil's Central Bank C3 Registry, and collections flow automatically through Visa / Mastercard settlement rails. No merchant repayment risk.
The vault delivers:
~11.5% current base yield (USD-denominated, FX-hedged)has a 0% default rate since inceptionis audited by 0xMacro and Spearbit. BlackOpal brings 25+ years of credit market experience and $200M+ in institutional backing to the structure.
New to nOPAL? Here's how to get started:
Mint nOPAL on Nest → https://www.nest.credit/vaults/nest-opal-vault Deposit pUSD or USDC to mint nOPAL directly on Plume. No KYC required, no redemption fees.Bridge nOPAL to Ethereum We've built a LayerZero bridge directly into the Nest UI, no third-party bridge needed. Once you've minted nOPAL, go to your portfolio, click Bridge, and send your nOPAL to Ethereum mainnet in one click.Deposit into the Pendle market Head to the Pendle market link above, connect your Ethereum wallet, and deposit nOPAL to access PT or LP positions.The Pendle MarketPendle splits nOPAL into two tokens:
PT (Principal Token) locks in a fixed yield and redeems at face value at maturity. PT buyers are currently targeting ~11% implied fixed APY over 120 days, roughly 2.5–3x what T-bill-backed stables and USDG alternatives currently yield on Pendle.
YT (Yield Token) captures the floating yield generated by nOPAL and is levered to yield movements. YT is capital-efficient: a small amount of capital controls exposure to the full underlying yield stream. If realized yield exceeds the implied yield at the time of purchase, YT holders profit, and vice versa. YT is suited for users with a directional view on credit yields or those looking for leveraged RWA exposure without holding the underlying asset directly.
Important for YT buyers: At launch, pool depth is being seeded and liquidity will be thinner in the early days. We recommend using limit orders rather than market orders to avoid slippage when buying or selling YT. As LP depth builds over the first few weeks, execution will tighten.
Incentives & How to ParticipateTo buy PT (lock in fixed yield):
Go to app.pendle.finance.nOPAL Select PT-nOPAL on ETH mainnetBuy PT to lock in your fixed APY through the 120-day maturityHold to maturity and redeem at face value, or sell PT on the secondary market anytimeTo buy YT (go long on floating yield):
Select YT-nOPAL at the same link aboveYT is capital-efficient and levered to yield, use limit orders at launch to avoid slippage while the pool is being seededTo LP (earn incentives + fees):
Provide nOPAL liquidity into the Pendle poolEarn swap fees from PT/YT trading activity, LP incentives in PLUME, and PENDLE emissions from Pendle's AIM programWhy nOPALThe 120-day tenor, zero default history, and card-network settlement infrastructure make nOPAL one of the most compelling fixed-rate RWA positions available on-chain right now. For DeFi users who've been waiting for high-yield, short-duration credit that doesn't just repackage Treasury exposure, this is it.
Sky spustil Fixed Yield na Pendle v2, který držitelům sUSDS nabízí zafixovaný výnos do splatnosti. Produkt míří na pool sUSDS o kapitalizaci 6,16 miliardy USD.
Sky (formerly MakerDAO) launched Fixed Yield on Wednesday — a term-based alternative to the variable Sky Savings Rate built on Pendle Protocol v2, giving sUSDS depositors a locked rate to a named maturity date.
Sky (formerly MakerDAO), the protocol behind the $11 billion USDS stablecoin, launched a fixed-yield product Wednesday that lets depositors lock in a set return to a named maturity date using Pendle's yield-tokenization infrastructure. The product, called Fixed Yield, is now live at sky.money/fixed-yield, Sky said on X.
The launch targets users of sUSDS, Sky's savings-rate token, which holds $6.16 billion in market capitalization, by offering a term-based alternative to the variable Sky Savings Rate (SSR). At the time of writing, th fixed-yield market shows a 5.38% APY with a Nov. 26 maturity date, per the sky.money product page. The SSR's own variable rate sits at 3.60% APY for the same sUSDS pool on DefiLlama.
The product is built on Pendle Protocol v2, which splits yield-bearing tokens into Principal Tokens and Yield Tokens. When a user supplies USDS, USDC, or sUSDS into a Fixed Yield market, the protocol issues PT-sUSDS — a Pendle principal token that matures on a date chosen by Sky. Holding to maturity locks the entry rate. Exiting early means selling the PT position at prevailing market prices, which may be above or below the entry price.
Sky's Role and Pendle's InfrastructureSky sets the maturity dates when it opens each market. The rate itself is market-driven, set by trading activity in the Pendle pool rather than by Sky's governance. Sky makes clear on its product page that it does not set, control, or guarantee the rate.
Sky (sky-lending) holds $5.91 billion in total value locked, per DefiLlama, making it one of DeFi's largest CDP protocols. Pendle, the fixed-yield infrastructure layer, holds $1.23 billion in TVL across Ethereum, Arbitrum and Plasma.
The launch follows Wednesday's Pendle listing on Revolut, the European fintech with roughly 20 million crypto users, which expanded token distribution but not Pendle's actual fixed-yield product access. This integration goes the other direction: it brings Pendle's PT mechanics onto Sky's own product surface, inside the protocol rather than on a trading app.
The SSR has drifted lower over recent months. A fixed product offering a premium above spot gives rate-sensitive depositors a reason to commit capital to a term rather than stay floating.
Redacted Group spouští tento týden komunitní prodej svého nativního tokenu $RDAC na MocaList. Na prodej vyčlenila 43 milionů tokenů, tedy 4,3 % nabídky, za cenu 0,07 USD.
Redacted Group announces the launch of its native token $RDAC this week. The company intends to launch its public fundraise on MocaList, as per the official release. Web3 accelerator Redacted Group confirms the launch of its native crypto token — Redacted Coin ($RDAC) — on MocaList, the co-branded token launchpad powered by Mocaverse and CoinList.
As confirmed, $RDAC is set to be launched via the community sale on March 13, 2025 at 17:00 UTC. After a 7-day window, the sale will conclude on March 20, 2025 at 17:00 UTC on the launchpad.
Crucial Info on the Upcoming $RDAC Token Launch Notably, the Redacted team has allocated 4.3% of RDAC’s total supply — 43 million tokens — for the sale on the launchpad. As per the press release, the token will launch at $0.07 on the sale, potentially marking a fully diluted valuation (FDV) of $70 million.
Tokens purchased in the sale will be partially released at TGE (token generation event). Meanwhile, the rest will be locked for a 1-month cliff period before being unlocked progressively over the next 2 months.
Furthermore, the company also hinted at planning for a public fundraise through the co-branded MocaList. Moreover, the company also hinted at planning for a public fundraise through the co-branded MocaList. Redacted Co-founder and CEO Shanjan Kumar (Shan) stated, “Our listing on MocaList marks an exciting step forward in expanding the reach of Redacted and our ecosystem. We’re thrilled to see how MocaList will help bring Redacted and the RDAC token to more users and wallets, furthering our visions for a more connected web3 space.”
What’s the Buzz Behind the “Entertainment Datasphere”? Seemingly, the community isn’t forgetting the 10-hour sky networking event or the viral “don’t get rekt, get redacted” marketing campaign that featured the industry’s top voices. The platform prominently flexes a line of key backers, such as Animoca Brands, Spartan Group, Polygon Ventures, Saison Capital and so on. Does its utility validate the hype? Redacted is projected as a blockchain and AI-powered ecosystem exclusively for gamification and entertainment products in the Web3 arena.
With a collective volume surpassing $500 million, more than 10 products form a core part of the Redacted ecosystem. The platform’s young product lineage includes RampX a.k.a crypto’s SuperApp (chain abstraction bridgeless token swap platform), Multifarm (reward aggregation platform), Maxis (gamified crypto/NFT marketplace), Biptap (crypto-centric banking solution), iAgent Protocol (AI agents) and others.
Ultimately, the platform serves as an ecosystem where users and degens can play, trade, watch, and earn rewards. Upcoming $RDAC token’s utility within this ecosystem will include primary access, governance, and incentives.
Disclaimer: This article is for informational purposes only and does not constitute investment or financial advice. TheNewsCrypto encourages readers to make decisions based on their own research
A perpetual learner who loves writing. Passionate about investing her time and zeal to explore the crypto world. Curiosity and creativity are her superpowers.
Binance 2. května 2025 v 03:00 UTC vyřadí z obchodování ALPACA, PDA, VIB a WING po pravidelné kontrole. VIB za 24 hodin klesl o 31,5 % a WING o více než 30 %.
Cryptocurrency exchange colossus Binance has again sent shockwaves across the broader market with its plans to delist 4 cryptocurrencies. An official announcement by the CEX on Thursday, April 24, revealed that the following tokens are to be delisted from the platform on May 2, 2025, at 03:00 UTC:
Alpaca Finance (ALPACA) PlayDapp (PDA) Viberate (VIB) Wing Finance (WING) As a result, usual market sentiments about the mentioned crypto prices remain highly bearish as one of the top crypto exchanges discontinues trading support for them.
Binance Delisting News: Here’s Why ALPACA, PDA, VIB, & WING Were Removed According to Binance’s official release, the abovementioned cryptos will be delisted shortly due to a stockpile of risk factors that hamper user experience. Per the announcement, a thorough periodic review by the CEX concluded that these assets no longer meet the level of standards or industry requirements.
In response, the crypto exchange behemoth will delist the 4 tokens mentioned above. Mentioned below are some of the key factors that the exchange took into consideration before delisting the coins.
Commitment of the team towards the project. Level and quality of development activity. Trading volume and liquidity factors. Stability and safety of the network from all types of malicious attacks Level of public communication, community engagement, and transparency. Responsiveness to our periodic due diligence requests. Binance revealed that, based on these vital factors, among many others, the decision to remove Alpaca Finance, PlayDapp, Viberate, and Wing Finance spot trading pairs was taken. Moreover, ‘Trading Bots’ services for the same will also be suspended on the same date and time.
Users can move on to the official announcement for more details on Futures, Margin, Convert, and other related delistings for these assets. Overall, the announcement has dealt a severe blow to the market sentiment for these coins, with traders and investors even speculating about a sustained price crash ahead.
How Are The Coins Performing Today? Binance’s delisting saga appears to have triggered a waning action in three of the four tokens mentioned above. WING price crashed over 30% in the last 24 hours and is currently sitting at $0.8451. Whilst VIB price also took heat, slumping 31.5% over the past day to $0.01530.
PDA price tanked nearly 17% and even hit a low of $0.009517 in the past 24 hours. However, ALPACA price has conversely gained roughly 13% to $0.04953. Crypto market traders and investors continue to monitor the tokens, mainly expecting increased volatility ahead due to the delisting.
In another similar chronicle, Binance recently delisted cryptos ACT, ALPHA, BLUR, CELR, PENGU, POND, and RUNE.
Binance pozastaví vklady a výběry na síti Rootstock Infrastructure Framework (RIF) kvůli plánovanému upgradu a hard forku. Obchodování zůstane beze změny.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-05-04 09:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Rootstock Infrastructure Framework (RIF) network to support its network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at the block height of 8,804,200, or approximately at 2026-05-04 10:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-04-29
Ocean Protocol Foundation okamžitě opustila Artificial Superintelligence Alliance a ukončila partnerství s Fetch.ai a SingularityNET. OCEAN se tak vrací k nezávislému obchodování.
The move will end Ocean Protocol's partnership with Fetch.ai and SingularityNET, and restore OCEAN independence.
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Ocean Protocol Foundation has exited the Artificial Superintelligence Alliance (ASI) effectively immediately, dissolving its role in the collaborative AI token merger with Fetch.ai and SingularityNET. The withdrawal follows more than a year of cooperation among the three founding members, who had unified their ecosystems under a shared token: FET, later rebranded as ASI.
What’s the Scoop?Alliance Exit: Ocean Protocol has formally ended its participation in the ASI Alliance, citing a desire for independent funding and control over its tokenomics.Token Independence: The move allows OCEAN to de-peg from FET and trade independently again. The Fetch.ai-managed bridge remains open, enabling holders to convert OCEAN to FET at a rate of 0.433226 FET per OCEAN.Buyback and Burn Program: Ocean said it will direct profits from its spin-out ventures toward buybacks and burns of OCEAN, creating a permanent and continuous supply reduction mechanism.Remaining Holders: Roughly 270 million OCEAN — about 19% of total supply — remains unconverted, held by over 37,000 addresses. Unconverted tokens continue to trade on exchanges including Coinbase, Kraken, Upbit, Binance US, Uniswap, and SushiSwap.Alliance Response: The ASI Alliance and Fetch.ai characterized the split as amicable, affirming that collaboration was always voluntary and that the mission to build open, decentralized AI infrastructure remains unchanged.Ocean Protocol’s decision to withdraw from the Alliance does not impact the technology, operations, or shared vision that underpin the ASI ecosystem.
The ASI Alliance - founded on collaboration between https://t.co/kJ9URVpOul, SingularityNET, Ocean Protocol and CUDOS - was… https://t.co/qDtRDBuBQH
— Fetch.ai (@Fetch_ai) October 9, 2025
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Ocean Protocol oznámil odchod z ASI Alliance, obvinil SingularityNET a Fetch z porušení dohody a uvedl, že kvůli sporu podal žalobu. Zmiňuje také, že partneři podle něj oslabili likviditu o dalších 100 milionů dolarů v tokenech, měli měsíční burn 6 milionů dolarů a chtěli převést OceanDAO do FET. Ocean zároveň uvedl, že o odchod požádal už v dubnu 2024, a že Fetch a SingularityNET se v srpnu 2025 pokusily jednostranně vypnout token bridge.
PANews reported on October 23rd that Ocean Protocol issued a statement explaining its withdrawal from the ASI Alliance , refuting "false accusations" and accusing its partners, SingularityNET and Fetch, of violating the alliance's core commitment to retaining control of their assets. Ocean pointed out that after the merger, SingularityNET engaged in reckless financial maneuvers and massively drained market liquidity, including issuing an additional $100 million in tokens and maintaining a massive monthly burn of $6 million. Fetch founder Sheikh was accused of disregarding the principles of decentralization, not only by selling a large number of tokens but also by attempting to force Ocean to convert all assets in its independently operated community treasury, OceanDAO, into FET tokens. Ocean requested withdrawal as early as April 2024 due to a loss of cooperative foundation, but was met with legal threats. Ultimately, Fetch and SingularityNET attempted to unilaterally shut down the token bridge in August 2025, violating the charter and forcing Ocean to file legal action and withdraw from the alliance.
Ocean noted that the 93% drop in FET token prices from its peak was primarily due to the massive sell-offs by SingularityNET and Fetch, as well as the failure of Fetch's own high-risk "TRNR" transaction, rather than its own withdrawal. Throughout this process, Ocean has remained committed to the principle of decentralization, which states that individuals have undisputed sovereignty over their assets. This withdrawal is intended to prevent further harm to the interests of the Ocean community, and Ocean will continue to focus on the independent development of its technology and products.
According to previous news, Bubblemaps stated that Ocean Protocol is suspected of selling more than $100 million in community tokens, and Fetch AI has publicly accused it of misconduct .
Ocean Protocol odmítl obvinění Fetch.ai ze „zpronevěry komunitních tokenů“ a tvrdí, že sporné tokeny patří nezávislému Ocean Expeditions. Zároveň vyzval Fetch.ai, aby co nejdřív vložil slíbených 110,9 milionu $FET do migračního kontraktu pro držitele $OCEAN.
PANews reported on October 27 that in response to the controversy following the breakdown of the ASI Alliance (composed of Fetch.ai, Ocean Protocol, and SingularityNET), the Ocean Protocol Foundation recently issued an announcement denying Fetch.ai executives' accusation of "stealing community tokens" and counter-accusing Fetch.ai of failing to fulfill its legal obligations.
Ocean stated that the tokens in question belong to Ocean Expeditions (formerly known as oceanDAO), an independent organization legally separate from the foundation and not involved in the ASI merger agreement. Ocean also revealed that it had explained Ocean Expeditions' independence to Fetch.ai and SingularityNET in May 2024.
Furthermore, Ocean requested that Fetch.ai promptly inject the promised 110.9 million $FET into the token migration contract for redemption by $OCEAN token holders. Ocean emphasized that there would be no "return of tokens," and that the relevant tokens would be held securely by Ocean Expeditions for the community.
Furthermore, Ocean Protocol explicitly stated that there is no so-called “return” of tokens, as they have never been stolen or transferred.
Fetch.ai je připravena stáhnout veškeré právní kroky, pokud Ocean Protocol vrátí 286 milionů FET. Sporné převody byly podle blockchainových dat oceněny na zhruba 120 milionů USD.
The ongoing conflict between Fetch.ai and the Ocean Protocol Foundation may soon reach a peaceful resolution, as both sides signal a willingness to settle their differences outside the courts. The dispute, which began after their brief merger under the Artificial Superintelligence Alliance, centers on the alleged sale of millions of FET tokens.
In brief Fetch.ai proposes a full legal withdrawal if Ocean Protocol returns 286M FET tokens allegedly sold during the ASI merger. Blockchain data links Ocean wallets to $120M in FET transfers, sparking transparency concerns in the crypto community. Ocean Protocol left the ASI Alliance in October, citing ethical and strategic reasons amid ongoing financial scrutiny. ASI token performance plunges 93% from its peak, reflecting investor fear, weak sentiment, and prolonged market pressure. Ocean Protocol Open to Settlement as Fetch.ai Offers Legal Peace Deal Fetch.ai announced on Thursday that it is prepared to withdraw all legal claims against the Ocean Protocol Foundation if the latter agrees to return 286 million FET tokens that were reportedly sold during the merger period. CEO of Fetch.ai Humayun Sheikh confirmed the offer during a session on X Spaces, emphasizing the company’s desire to resolve the issue quickly and transparently.
Sheikh stated that Ocean Protocol is awaiting a formal proposal from Fetch.ai for the return of the disputed tokens, adding that the letter would be delivered by the next day. He explained that the offer is straightforward, and all legal claims will be withdrawn once the tokens are returned to the Fetch.ai community.
They are expecting a legal proposal from us for the return of the tokens. You can have my letter tomorrow. The offer is simple: give my community back the tokens. I will drop every legal claim.
Humayun Sheikh Sheikh also said Fetch.ai would cover the legal costs associated with finalizing the agreement, ensuring a smooth process.
According to GeoStaking, a FET validator node that played a mediating role in the talks, Ocean Protocol is open to returning the tokens once it receives a formal written proposal. Sheikh added that the official offer could be finalized as early as Friday.
If successful, the agreement would mark an important step toward ending a dispute that has drawn significant attention within the crypto community. Both organizations have faced scrutiny and uncertainty since their merger efforts began, and a legal confrontation could further harm their reputations and financial positions.
Blockchain Data Links Ocean Protocol Wallet to Massive FET Token Transfers This development follows Sheikh’s earlier offer of a $250,000 bounty for information about the individuals controlling OceanDAO’s multisignature wallet and their potential links to the Ocean Protocol Foundation.
Multisignature, or “multisig,” wallets are crypto wallets that require multiple approvals to authorize transactions. Decentralized organizations often use them to enhance security and accountability.
Despite Ocean Protocol’s denial of wrongdoing, blockchain analytics from Bubblemaps suggest that a wallet linked to the foundation converted about 661 million OCEAN tokens into 286 million FET tokens, valued at approximately $120 million at the time. Of those, 160 million FET tokens reportedly went to Binance, while another 109 million were transferred to GSR Markets.
AI Crypto Alliance Faces Headwinds as FET Slides Ocean Protocol formally withdrew from the ASI Alliance on October 9, offering no explanation regarding the disputed transfers. The alliance, formed in March 2024 by Fetch.ai, SingularityNET, and Ocean Protocol, aimed to combine resources and expertise to advance decentralized artificial intelligence, with FET designated as the alliance’s primary token.
Since the ASI Alliance was formed, the FET token has lost more than 90% of its value, falling from a high of $3.22 to around $0.26.
Current Market Data Highlights the following:
Bearish Market Sentiment: Artificial Superintelligence Alliance (FET) currently shows a bearish outlook, with the Fear & Greed Index at 30, indicating investor caution. Severe Yearly Decline: FET’s price has fallen by 80% over the past year, reflecting sustained downward momentum. Underperformance Against Peers: The token has underperformed all top 100 crypto assets, including Bitcoin and Ethereum, over the same period. Technical Weakness: FET continues to trade below its 200-day simple moving average, signaling prolonged bearish pressure. Low Market Strength: The token recorded only 10 positive trading days in the past month (33%) and remains 93% below its all-time high. Ocean Protocol founder Bruce Pon explained that the price decline was not due to Ocean’s exit but instead to broader market conditions and liquidity pressures involving Fetch.ai and SingularityNET.
Pon said Ocean Protocol left the ASI Alliance for ethical and strategic reasons and plans to release a detailed response to the recent allegations. As negotiations progress, both sides appear motivated to resolve their differences, signaling a possible end to one of the most publicized disputes in the AI-focused crypto sector.
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James G.
James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Crypto.com a VeChain Foundation oznámily partnerství pro institucionální úschovu VET a VTHO na VeChainThor. Instituce tak získají přístup k regulované custody infrastruktuře Crypto.com.
Through this cooperation, institutions may use Crypto.com’s regulated, institutional-grade custody infrastructure to safely store, monitor, and transact VET and VTHO. Through this partnership, more institutions will have access to the VeChainThor network. Today, Crypto.com and the VeChain Foundation announced their collaboration to provide secure custody support for the native VeChain (VET) and VeThor (VTHO) tokens on the VeChainThor blockchain. Through this partnership, more institutions will have access to the VeChainThor network, a public blockchain that facilitates high-speed value transactions, transparent information flow, and effective teamwork for common B2B and B2C applications.
Crypto.com Custody provides high-net-worth individuals and qualified institutions with custody services via a complete, end-to-end solution that prioritizes safety and security.
Through this cooperation, institutions may use Crypto.com’s regulated, institutional-grade custody infrastructure to safely store, monitor, and transact VET and VTHO. The service satisfies the increasing need for scalable, affordable, and compliant blockchain infrastructure by providing insured custody options, multi-user rights, and configurable governance procedures.
Eric Anziani, President and COO of Crypto.com stated:
“Digital asset institutions require a custodial solution that provides the best possible service from both a security and liquidity perspective. That is what we have focused on building at Crypto.com, and we are honored to support the VeChain Foundation by enabling custody for their native assets.”
VeChainThor employs a novel dual-token system in which VTHO covers gas usage for blockchain operations and VET serves as the value-transfer medium. This enables the blockchain to retain cost stability even in times of significant market volatility. By implementing dynamic fees via a gas fee market based on Ethereum’s EIP1559, the network has improved security, balanced demand and expenses, and added an accelerated deflationary model to the tokenomics of the protocol.
Sunny Lu, VeChain CEO stated:
“Crypto.com is well established as a leading exchange in the crypto market, and stands at the forefront of mainstream adoption. Through this new partnership, we can confidently accelerate our institutional and mainstream adoption strategies using Crypto.com’s world-leading custody services, supported by their robust infrastructure.”
Clients that are interested may send contact requests to crypto.com/custody. Please contact [email protected] if you would want to collaborate with Crypto.com.
More than 150 million clients worldwide trust Crypto.com, which was founded in 2016 and leads the industry in security, privacy, and regulatory compliance. Through innovation, Crypto.com is dedicated to speeding up the adoption of cryptocurrencies and enabling the next generation of creators, builders, and entrepreneurs to create a more fair and equitable digital ecosystem.
VeChain was founded in 2015 and introduced VeChainThor, a general-purpose, adoption-focused blockchain platform, to facilitate widespread Web3 adoption. Developers and companies may create apps without needing extensive technical knowledge thanks to VeChain’s reliable, scalable network.
With its VeBetter platform, an app ecosystem that tokenizes and rewards users based on sustainability activities, VeChain now leads a retail-focused strategy after demonstrating its capabilities over the years and being supported by alliances with international organizations like the UFC, BCG, and Walmart China. With more than 4 million users using VeBetter-powered applications and more than 30 million tokenized operations to date, VeChain is still working to make blockchain useful, accessible, and influential for both individuals and companies. Go to vechain.org for resources, funding, and more.
An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.
