One wallet bought heavily into a yield token, which pushed the price of its paired principal token down just enough to trigger liquidations across borrowers using it as collateral.
Coinbase, among others, filled that gap in May 2025. Under x402, a server that wants payment answers a request with a 402 and a price. The client signs a stablecoin transfer, usually USDC, resends the request with the payment attached, and gets the data. The… Read More
Blockchain-based lending protocol Morpho said it raised $175 million in a funding round co-led by Paradigm, a16z crypto and Ribbit Capital, as investors bet that credit markets will increasingly move onchain. The round also included Apollo Funds, Circle Ventures, VanEck and Ledger Cathay, according to… Read More
A Manhattan federal judge has cleared the way for Aave’s recovery effort to move forward after last month’s North Korea-linked rsETH exploit, allowing $71 million in frozen ether to be transferred out of Arbitrum while preserving North Korean terrorism victims’ legal claim on the funds.… Read More
Bitcoin BTC$74,069.82 started the day with a promising chance for a breakout, but the rally fizzled out at a familiar brick wall that has kept a lid on prices for more than two months. After briefly topping $76,000 — a key resistance level — the… Read More
The two U.S. senators negotiating a controversial provision in the crypto industry’s market structure bill — Republican Thom Tillis and Democrat Angela Alsobrooks — have reportedly agreed on a compromise that could advance the industry’s top priority to the next stage in the Senate. Connor… Read More
