Category: News

Prominent blockchain security firm PeckShield reported an exploit involving the GMX decentralized exchange (DEX), which has brought attention to vulnerabilities within the Abracadabra (Spell) ecosystem. The incident, tied to Abracadabra’s cauldrons – smart contracts that facilitate DeFi operations like lending, borrowing, and liquidity provision – led to the theft...

Wyoming Governor Mark Gordon said the state’s proposed stablecoin might be ready to launch by July, with the Wyoming Stable Token Commission announcing interoperability protocol LayerZero as a partner for the token launch. Speaking at the DC Blockchain Summit on March 26, Gordon praised the speed and efficiency of...

The U.S. Congress’ opening priority for the crypto industry is to quickly finish a stablecoin oversight bill, and the House of Representatives has released the text of its version on Wednesday, following in the heels of a recent committee approval of its Senate counterpart. The House version, introduced by...

Renewed bullish momentum in the broader crypto market has triggered an upward moment for Dogecoin to revisit the $0.19 price mark. DOGE’s recent upswing reflects its robust resilience in an unfavorable market condition that caused significant fear and uncertainty in the sector due to United States President Donald Trump’s...

With a strong presale and a unique approach to tokenization, Rexas Finance could be a Solana competitor with 20x surge potential. #partnercontent...

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller. In this issue: Ethereum’s Final Pectra Test Goes Live Hyperliquid Eases Token Transfers for DeFi Celo Migration to Layer-2 Network Is Done Bitcoin DeFi Expansion Faces Fork Dilemma This article...

Over 30 crypto firms, led by the DeFi Education Fund, are urging Congress to address the Department of Justice’s interpretation of money transmitter laws, which they say could expose non-custodial software developers to criminal liability. In a letter sent to…...

GameStop Corp (NYSE:GME) shares are trading lower in Wednesday’s after-hours session after the company announced a proposed private offering. What Happened: After market close on Wednesday, GameStop said it intends to offer $1.3 billion worth of its 0.00% convertible senior notes due 2030 in a private offering to institutional...

U.S. Senator Kirsten Gillibrand (D-N.Y.), one of the leading Democrats supporting crypto legislation, warned the industry against pushing for a “watered-down” version of the long-awaited stablecoin legislation currently moving through the Senate, arguing that stringent regulations are necessary to foster innovation and protect investors from bank runs like the...

Gracy Chen, CEO of cryptocurrency exchange Bitget, criticized Hyperliquid’s handling of a March 26 incident on its perpetual exchange, saying it put the network at risk of becoming “FTX 2.0.” On March 26, Hyperliquid, a blockchain network specializing in trading, said it delisted perpetual futures contracts for the JELLY...