Yield protocol Penpie got exploited for $27 million on Sept. 3 after a malicious agent explored a vulnerability in the protocol’s smart contracts. Penpie is a yield protocol on Pendle that aims to boost rewards for users on the network. Reentrancy exploited In a Sept. 4 breakdown, blockchain security firm Hacken explained that the attacker […]
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Onchain Highlights DEFINITION: The number of unique entities holding at least 1,000 coins. Bitcoin’s price has seen fluctuations alongside the number of entities holding over 1,000 BTC throughout 2024. According to Glassnode data, whale activity surged in the first half of the year due to the Bitcoin ETFs, with over 1,600 entities accumulating large BTC […]
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World Liberty Financial (WLFI) — a DeFi project tied to members of former President Donald Trump’s family — responded to a wave of speculation on Sept. 4 with a series of tweets clarifying its DeFi strategy and confirming its collaboration with Aave. In the posts, WLFI announced the partnership aims to develop a platform that will […]
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Commissioner Summer K. Mersinger voiced strong opposition to the Commodity Futures Trading Commission’s (CFTC) decision to impose a $175,000 fine on Uniswap Labs for its illegal digital asset derivatives trading. In her dissent, Mersinger criticized the agency’s reliance on “regulation through enforcement,” arguing that the approach risks stifling innovation in DeFi and driving developers out […]
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Two major technology companies—Siemens and Samsung—have made significant strides in the crypto sector, each advancing their involvement in different ways. Siemens issues €300 million digital bond. German technology giant Siemens launched its second digital bond, valued at €300 million, on a public blockchain, according to a Sept. 4 statement. The bond, set to mature in […]
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