The Resolv hack wasn’t a surprise. The same structural flaw has drained hundreds of millions from Morpho, Euler, and Fluid over the past year and the industry kept building on top of it anyway. On a quiet Sunday morning, someone turned $100,000 into $25 million in about seventeen minutes. The target was Resolv, a yield-bearing…
The Open Wallet Standard aims to fill a gap in the rapidly growing agentic payments stack by giving AI agents a universal, non-custodial way to hold funds and sign transactions across blockchains. MoonPay on Monday released the Open Wallet Standard (OWS), an MIT-licensed, open-source specification that defines how AI agents interact with crypto wallets, including…
The largest Ethereum treasury company added another 65,341 ETH last week. Bitmine Immersion Technologies, the publicly traded company pursuing what it calls the ‘Alchemy of 5%’ of Ethereum’s total supply, said its combined crypto and cash holdings have reached $11 billion as it ramps up purchases amid the U.S.-Iran conflict. Chairman Thomas Lee framed ETH’s…
The prediction market is updating insider trading and manipulation rules days after inking an exclusive partnership with Major League Baseball. Polymarket on Monday announced updated market integrity rules across both its DeFi platform and its CFTC-regulated U.S. exchange, amplifying requirements governing insider trading and market manipulation. The new standards appear in the DeFi platform’s Terms…
Former Kalshi employees are raising capital for 5c(c) Capital, a venture firm focused on prediction market infrastructure. Two early Kalshi employees are raising up to $35 million for what may be the first venture fund dedicated to prediction market startups, according to a pitch document seen by Fortune. The fund, called 5c(c) Capital, is led…
The company, which generated less than $10 million in revenue last year selling eyecare products, raised $134 million to bet entirely on the Sky protocol’s governance token. NovaBay Pharmaceuticals is changing its name to Stablecoin Development Corporation and its NYSE American ticker to SDEV, effective April 3, the company announced Monday. The rebrand completes a…
Bitcoin has surpassed 20 million coins mined—over 95% of its 21 million total supply—but most current miners may not survive to see the final 1 million coins extracted by 2140. Bitcoin has crossed a historic threshold: 20 million of its 21 million total supply has now been mined. The milestone leaves fewer than 1 million…
Sky is now the fourth-largest DeFi protocol as RWA-backed yields drive inflows. Sky, the successor to MakerDAO, is off to a strong start this month, with its total value locked (TVL) climbing to $7.52 billion, a 38% increase since March 1, according to DefiLlama. This makes Sky the fourth-largest decentralized finance (DeFi) protocol by TVL,…
An attacker has successfully exploited the Resolv USR stablecoin protocol, minting 80 million tokens and withdrawing at least $25 million before the depeg. An attacker has exploited Resolv Labs’ USR stablecoin to mint 80 million tokens, causing the stablecoin to depeg from its $1 peg. The attacker has reportedly cashed out at least $25 million…
Two Formula One races in the Middle East face cancellation due to ongoing regional conflict, threatening major cryptocurrency sponsorship deals with F1 teams. Two Formula One races in the Middle East are set to be canceled because of ongoing war in the region, according to multiple reports. The FIA is maintaining contact with local authorities…