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A significant oracle error has resulted in DeFi lender Moonwell accumulating $1.8 million in bad debt. The issue arose when the price feeds provided by the oracle failed to reflect accurate market conditions, leading to incorrect collateral valuations. As a consequence, several loans were undercollateralized, prompting the platform to
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Peter Thiel's Founders Fund has sold all of its shares in ETHZilla, a cryptocurrency project. The decision comes amid concerns about the project's viability and market performance. This move reflects a broader trend of venture capital firms reassessing their investments in the crypto space. The sale
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Wall Street is intensifying its interest in prediction markets with new filings for exchange-traded funds (ETFs) that focus on this sector. These ETFs aim to capitalize on the growing popularity of prediction markets, which allow users to bet on the outcomes of various events, including political elections and economic indicators.
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Pump.fun has introduced a cashback feature for traders as part of its memecoin model, aiming to enhance user engagement and incentivize trading activity. This new initiative allows users to earn a percentage of their trading fees back, promoting a more rewarding experience. The platform seeks to differentiate itself in
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Recent analysis indicates that XRP's price may have bottomed out at $1.12, supported by four key data points. Firstly, the asset has shown increased buying volume, suggesting renewed interest from investors. Secondly, technical indicators like the Relative Strength Index (RSI) are signaling oversold conditions, which could lead
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Nevada has filed a lawsuit against Kalshi, a prediction market platform, following the company's unsuccessful attempt to halt state regulatory actions. The lawsuit comes after Kalshi's prediction market was deemed to be operating without the necessary state licenses. Kalshi argues that its platform is legal and
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Stripe's stablecoin firm, Bridge, has received initial approval for a national bank trust charter from the Office of the Comptroller of the Currency (OCC). This charter will allow Bridge to operate as a federally regulated trust bank, enabling it to offer services related to digital assets and stablecoins.
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A precious metals royalties firm has announced plans to offer dividends in Tether's tokenized gold, aiming to enhance its appeal to investors. This move allows shareholders to receive dividends in a digital asset that is backed by physical gold, potentially attracting cryptocurrency enthusiasts. The firm believes this innovative
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Elemental Royalty, a gold-focused investment firm, has announced plans to distribute dividends in Tether's tokenized gold, known as Tether Gold (XAUT). This move aims to enhance shareholder value by providing a stable and valuable asset linked to gold. The decision reflects a growing trend among companies to integrate
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Bitcoin open interest has experienced its largest decline in nearly three years, dropping by over $1 billion in recent weeks. This significant decrease is attributed to a combination of factors, including market uncertainty and a lack of bullish sentiment among traders. Analysts suggest that the decline in open interest may
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Abu Dhabi's wealth funds have significantly increased their investments in Bitcoin exchange-traded funds (ETFs), surpassing $1 billion by the end of 2025. This surge reflects a growing interest in cryptocurrency assets among institutional investors in the region. The funds are diversifying their portfolios, indicating a strategic shift towards
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A federal appeals court has denied Kalshi's request to pause the enforcement of a Nevada law that prohibits the trading of event contracts related to certain political outcomes. The law, which Kalshi argues could significantly impact its business model, was upheld by the court, emphasizing the state'