Stablecoins
Hacks
Penpie exploited for $27 million in reentrancy attack
The exploiter created malicious smart contracts and fake tokens to act as legitimate liquidity pools to trick Penpie's contract.
Crypto
Trump family’s upcoming DeFi project aims to cement US dollar dominance via stablecoin revolution
WLFI seeks to counter the rise of alternative currencies from foreign nation-states and preserve the dollar's financial influence for the next century via stablecoins.
Crypto
Grayscale unlock hindered Ethereum ETFs but inflows suggest brighter future
Despite registering over $2 billion in inflows, the Grayscale's ETHE exodus washed away the positive performance.
Hacks
FBI warns of North Korean threat to crypto, cautions against potential ETF-related attacks
The report cautions crypto ETFs and other crypto-related products, as North Korean actors have been researching targets related to them.
Regulation
Galois Capital hit with SEC charges for failing custody requirements
The charges and settlement are related to the hedge fund getting nearly $40 million stuck during FTX's collapse.
Investments
VC funding for crypto startups soars to $634M in August
Infrastructure projects continue to dominate in funding amounts, while VC interest in DeFi and blockchain gaming grew.
DEX
DEX trading volume falls 9% to $179 billion month over month
Meanwhile, centralized exchanges managed to grow 9% in the same period, enlarging their lead over their decentralized peers.
ETF
Crypto ETFs account for more than half of all funds launched in the US this year
BlackRock's IBIT lead as the ETF with the largest amount of inflows in 2024, surpassing $20 billion since its launch.
Privacy
Meta warns of looming ‘quantum apocalypse’ for modern encryption, cryptography standards
Meta said that protecting asymmetric cryptography used by blockchains is the company's top priority related to quantum computing.
Crypto
Ethereum Foundation disburses $8.5M in grants for Q2, backing 98 projects
Nearly $9 million in grants were distributed to 98 projects, raising the yearly spending to foster the Ethereum ecosystem to $20 million.
Crypto
Crypto market continue to struggle with liquidity post-ETFs despite improvements – Kaiko
Despite enhancements witnessed over the past year, crypto markets still deal with significant slippage caused by the lack of liquidity.
Crypto
Threshold Network proposes acquisition of BitGo’s WBTC to address centralization worries
The proposal includes minting 15% of the T token current supply to be given as a grant to BitGo for its WBTC.
