Embattled crypto gambling platform ZKasino has started returning a portion of investor funds following a $33 million scam that left thousands of users in limbo. The refunds come nearly six months after Dutch authorities arrested a suspect linked to the platform’s alleged rug pull, marking a tentative step toward restitution for affected users. ZKasino Founder […]
The Balancer v2 exploit on November 3rd resulted in losses of around $120 million across its main protocol and multiple forks. According to the SlowMist security team’s post-incident analysis, the exploit stemmed from a precision loss flaw in the integer fixed-point arithmetic used to calculate scaling factors inside Composable Stable Pools, which are designed for […]
Stream Finance’s staked stablecoin, XUSD, lost its peg early Tuesday, falling by more than 60% after the DeFi protocol disclosed that an external fund manager had lost approximately $93 million in managed assets. The event shook the DeFi circles, causing XUSD to plummet to a new all-time low of $0.30, according to data from CoinGecko. […]
Solana’s revenue engine has matured at a pace few in the industry could have anticipated, and has now clearly surpassed Ethereum’s early growth trajectory. From meme coin mania, DeFi, AI, and RWAs, Solana has managed to capture several on-chain revenue streams that Ethereum couldn’t monetize early, a new report suggests. Solana’s Early Growth Curve According […]
Intercontinental Exchange (ICE), the operator of the New York Stock Exchange, announced a major strategic investment in Polymarket, a decentralized prediction market platform that aggregates probabilities for global events spanning politics, sports, and culture. Under the agreement, ICE will invest up to $2 billion in the company, which will place Polymarket’s pre-investment valuation at $8 […]
Ripple is executing a strategic pivot that could redefine the role of Ripple (XRP) in global finance. Alexis Sirkia, Captain of the Yellow Network, believes the launch of Ripple USD (RLUSD) and the first U.S.-based XRP ETFs could reignite transaction volume on XRPL. RLUSD-XRP Synergy Fuels Liquidity and Adoption Sharing his views with CryptoPotato, Sirkia […]
At the recent BNBDay event in Tokyo, Binance founder Changpeng “CZ” Zhao said decentralized exchanges (DEXs) will eventually surpass their centralized counterparts (CEXs) in trading volume. CZ noted that while CEXs currently dominate the market due to their liquidity and user-friendly experience, the momentum is shifting toward decentralized finance (DeFi). He also added that a […]
Speaking at the Wyoming Blockchain Symposium on Wednesday, central bank Governor Christopher Waller said, “the payment system is experiencing what I have called a ‘technology-driven revolution’.” He added that this includes instant payments, digital wallets, mobile payment apps, stablecoins, and other digital assets, and AI. He specifically cited stablecoins, or fiat-pegged crypto assets, as the […]
The oldest bank in the United States will become the primary manager of a fund for digitized treasury bills, spearheaded by a prominent RWA tokenization platform. The entity has already achieved several notable milestones and advancements in the DeFi space, and this latest accomplishment is another testament to their commitment. A Modern Twist to Treasury […]
Flare, the EVM-compatible interoperative chain has unveiled its new product—a seedless wallet, along with some other upcoming plans. It is steadily increasing in user engagement, as evidenced by certain metrics. Shiny New Wallet In a press release shared with CryptoPotato, Flare announced the launch of its seedless, non‑custodial wallet Luminite. Turnkey’s embedded wallet technology was used to […]