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Sonne Finance suffers $20 million loss in security breach

15.5.2024
Sonne Finance became the victim of a safety infraction which left the business with a loss amounting to the tune of $20 million. The hackers completed their misdeeds in two phases. They first targeted the USDC and WETH contracts of the company, siphoning off $3 million and in the following phase...

Binance-backed pSTAKE Finance launches Bitcoin liquid staking solution

15.5.2024
pSTAKE is among the most recent protocols making Bitcoin a yield-generating asset with more capital efficiency

U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K

15.5.2024

Hyperion Decimus' Newest Fund to Leverage CoinDesk Indices' Bitcoin and Ether Trend Indicators

15.5.2024
Aimed at institutional investors, the systematic-based fund will seek to profit off uptrends in crypto markets while sidestepping the downtrends

Persistent Discount Plagues Grayscale’s Ethereum Trust as ETF Decision Nears

15.5.2024
As May approaches its end, a significant number of market watchers are keen to find out whether the U.S. Securities and Exchange Commission (SEC) will approve a spot ethereum exchange-traded fund (ETF). Although Grayscale retracted its plan to convert its Ethereum Trust into a publicly traded...

Sonne Finance Suffers $20M Exploit, Hacker Flees

15.5.2024
Lending protocol Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC, and flees. The post Sonne Finance Suffers $20M Exploit, Hacker Flees appeared first on Cryptonews

Stablecoin Issuer Circle Files to Shift Legal Home to U.S. From Ireland Ahead of Planned IPO: Bloomberg

15.5.2024
Circle recently filed court paperwork to make the move, according to a company spokesperson

Huobi Hong Kong Withdraws License Application for the Second Time

15.5.2024

Degen Chain Back Online After Two-Day Hiatus

15.5.2024
The layer-3 blockchain for meme coins was offline for over 50 hours

Sonne Finance Token Drops 60% After $20M Exploit on Optimism

15.5.2024
Attackers stole ether, velo and stablecoins before developers mitigated the hack and paused operations. Sonne’s markets on the Base blockchain were not affected

Bitcoin DeFi Tool Alex Lab Loses $4.3M in Hack, Offers 10% Bounty for Stolen Funds

15.5.2024
The ALEX team proposed a 10% bounty on the total stolen funds in exchange for the return of 90% of assets

$20M exploit cripples Sonne Finance, hacker in no mood for negotiation

15.5.2024
Sonne Finance halted operations after a hack drained $20 million in cryptocurrencies, including WETH and USDC. Efforts to recover the funds are ongoing

Defi Protocol Sonne Finance Reports Major Security Breach, $20 Million Lost to Hackers

15.5.2024
Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of $3 million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to $20 million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne...

Vanguard Hires Former BlackRock iShares Exec Salim Ramji as CEO

15.5.2024
BlackRock’s former global head of iShares and index investments, Salim Ramji, is joining Vanguard as its new CEO from July 8.   The post Vanguard Hires Former BlackRock iShares Exec Salim Ramji as CEO appeared first on Cryptonews

Metaplanet Unveils ‘Bitcoin-First’ Strategy to Face Japan’s Economic Weakness

15.5.2024
Metaplanet, a Tokyo-listed public company, has unveiled a “bitcoin first” strategy to combat the Japanese economy’s weakness and the yen’s devaluation. In a document shared on social media, the company stated it will adopt bitcoin as a reserve asset, taking advantage of...