Prominent blockchain security firm PeckShield reported an exploit involving the GMX decentralized exchange (DEX), which has brought attention to vulnerabilities within the Abracadabra (Spell) ecosystem. The incident, tied to Abracadabra’s cauldrons – smart contracts that facilitate DeFi operations like lending, borrowing, and liquidity provision – led to the theft of approximately 6,260 Ethereum, worth roughly […]
Blockchain infrastructure provider Ripple Labs has integrated a new data platform to provide oracle services for its decentralized, public blockchain XRP Ledger (XRPL). According to a press release shared with CryptoPotato, this oracle services provider is named Lumina and is built on the open-source financial data platform DIA (Decentralized Information Asset). Unveiling DIA’s Oracle Services […]
Fidelity Investments – one of the largest asset managers in the United States – is nearing the launch of its own US dollar-pegged stablecoin. This move comes at a time when the regulatory landscape for cryptocurrencies in the US has grown more favorable, particularly under the Trump administration’s friendly policies. Fidelity Testing US Dollar-Pegged Stablecoin […]
TL;DR Pi Network’s native token, which launched just over a month ago, continues to bleed out, dumping toward $0.8 earlier today. Analysts on X envision further declines for the asset despite reassurance from the Pi community. However, there’s also a light at the end of the tunnel. PIUSDT. Source: TradingView PI Keeps Plunging After years […]
Infini has taken legal action against a developer and other unknown individuals tied to a $50 million hack. The firm has sent an on-chain legal notice, warning the accused to appear in court or face the consequences. On-Chain Legal Notice Issued On February 24, several blockchain security platforms reported a suspected security breach on Infini, […]
Pump.fun’s decentralized exchange (DEX), PumpSwap, has achieved record-breaking numbers, with a daily volume of $426 million and 243,000 users. The Solana-based platform also collected more than $1 million in fees, including $213,000 in protocol charges on March 24, marking its best performance since its launch. Despite the success, its market share of 14.5%, as captured […]
Binance has suspended a staff member accused of using insider information from a previous role at BNB Chain to front-run a token launch. The action follows an internal investigation launched on March 23 after a complaint was filed with the exchange’s internal audit team. The Investigation The suspect, who was part of the Binance Wallet […]
After five weeks of continuous outflows, digital asset investment products saw a turnaround last week, attracting $644 million in inflows. This pushed total assets under management up by 6.3% from their March 10 low. The reversal was further validated by daily inflows throughout the week, breaking a 17-day streak of outflows. According to the latest […]
In a last-minute move before Republicans took control of the US Securities and Exchange Commission (SEC) in January, the agency’s commissioners held a decisive vote on whether to sue Tesla CEO Elon Musk over his delayed disclosure of stock purchases in Twitter, now X. The investigation, which had been ongoing since 2022, focused on Musk’s […]
TL;DR One of the media channels associated with Pi Network indicated that the PI token had been added to Telegram’s official wallet under certain conditions. Separately, the team noted that Pi community apps that have complied with network listing guidelines can secure their domains now without bidding. Team Updates The first update came from Pi […]