China

The $293 million KelpDAO hack shows why DeFi is finally being forced to grow up

The recent hack of KelpDAO, resulting in a loss of $293 million, has highlighted significant vulnerabilities within the decentralized finance (DeFi) sector. This incident underscores the urgent need for improved security measures and better governance in DeFi protocols. Experts believe that such high-profile breaches could push the industry towards more robust regulatory frameworks and risk management practices. The KelpDAO hack serves as a wake-up call for developers and investors to prioritize security and accountability in the rapidly evolving DeFi landscape.

Read the full article: CoinDesk

Strategy to repurchase $1.5B of 2029 convertible notes

A company has announced a strategy to repurchase $1.5 billion of its 2029 convertible notes. This move is aimed at reducing its debt and improving its financial position. The repurchase will be conducted through open market transactions and is expected to enhance shareholder value. The company believes that this

STRC preferred stock investors are mispricing major 'dislocation' risk: Analyst

Analysts suggest that investors in STRC preferred stock are underestimating significant risks associated with a potential dislocation in the market. This mispricing could lead to substantial financial repercussions for those holding the stock. The report highlights that the current valuation does not adequately reflect the underlying risks, indicating a potential

US CLARITY Act will be a ‘boon for domestic innovation’: A16z

The US CLARITY Act, recently discussed by A16z, is expected to significantly enhance domestic innovation in the cryptocurrency sector. The legislation aims to provide clear regulatory guidelines for digital assets, which proponents believe will encourage investment and development within the industry. A16z emphasizes that clarity in regulation will help attract

Crypto users are choosing juicy yields over protection, putting billions at risk of hacks

Crypto users are increasingly prioritizing high yields from decentralized finance (DeFi) platforms over security measures, exposing billions of dollars to potential hacks and vulnerabilities. Many investors are drawn to the attractive returns offered by these platforms, often neglecting the risks associated with inadequate security protocols. As a result, the total

Read more

Strategy to repurchase $1.5B of 2029 convertible notes

STRC preferred stock investors are mispricing major 'dislocation' risk: Analyst

US CLARITY Act will be a ‘boon for domestic innovation’: A16z

Crypto users are choosing juicy yields over protection, putting billions at risk of hacks