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…
The Ethereum Foundation completed a $10.2 million over-the-counter sale of 5,000 ETH to BitMine at $2,042.96 per token as part of treasury management. The Ethereum Foundation has completed an over-the-counter sale of 5,000 ETH to BitMine Immersion Technologies for $10.2 million, priced at $2,042.96 per token. The OTC transaction represents a strategic move by the…
A threat actor bypassed Venus Protocol’s supply caps using Thena tokens to borrow multiple assets in what analysts suspect was a flash loan or price manipulation attack on BNB Chain. Venus Protocol on BNB Chain has been hit with a $3.7 million exploit involving manipulation of the platform’s supply cap mechanisms. According to on-chain data,…
The SEC and CFTC have signed a memorandum of understanding to establish a unified regulatory approach to digital assets. The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission have signed a memorandum of understanding aimed at improving their combined regulatory approach to the digital asset sector. The agreement represents a formal commitment by…
The Spark Foundation has proposed re-enabling WBTC as collateral on SparkLend and adding new rate limits and pools to its liquidity layer following a 1.5-year operational review. Spark Protocol is moving to reactivate Wrapped Bitcoin (WBTC) collateral support on SparkLend and expand its liquidity layer infrastructure, according to a proposal published Monday. The changes include…
Aave is rolling out a new protective feature called ‘Aave Shield’ after a trader lost $50 million swapping USDT for AAVE due to illiquid market conditions. Aave announced the launch of ‘Aave Shield,’ a new protective measure, following a $50 million loss suffered by a trader during a token swap. In a post-mortem analysis, Aave…