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Dmail Network will shut down on May 15 after citing high infrastructure costs, failed fundraising and weak token utility. Decentralized email platform Dmail Network is shutting down after five years of operations, citing high infrastructure costs, weak monetization, failed funding efforts and limited token utility. The platform said it will gradually cease all services starting...
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A Bank of Canada staff paper found Aave V3 avoided bad debt in 2024, but said the model pushed losses onto borrowers during liquidations. A Bank of Canada staff paper found that Aave V3 reported zero non-performing loans in 2024, with overcollateralization and automated liquidations helping prevent lender losses in its Ethereum lending market. Using...
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ARK Invest CEO Cathie Wood said that Bitcoin as a “proven” asset would no longer experience drawdowns of 85% or more from all-time highs. Bitcoin (BTC) is “done” with drawdowns of 85% or more from all-time highs, says ARK Invest CEO, Cathie Wood. Key points: Bitcoin will not see another correction of 85% or more...
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Drift Protocol initiated onchain contact with wallets tied to the $280 million exploit as an unknown sender also attempts to pressure the attacker. Drift Protocol, a Solana-based decentralized exchange (DEX), said Friday it had opened onchain contact with wallets tied to funds stolen in the exploit that outside firms have estimated at roughly $280 million...
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The reported acquisition talks come as South Korea is considering a 20% cap on major crypto exchange shareholders, which would force major platforms to restructure ownership. South Korean brokerage Korea Investment & Securities (KIS) is reviewing a potential stake in crypto exchange Coinone, according to Korean media reports and company comments, though no deal has...
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January saw the largest attack against a DeFi protocol of the quarter, the $40 million private key compromise of portfolio management platform Step Finance. Crypto hackers stole over $168.6 million in cryptocurrency from 34 decentralized finance (DeFi) protocols in the first quarter of 2026, falling significantly from the same period last year, according to data...
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Cryptoquant data shows there are 8.2 million Bitcoin currently at a loss, which is still under the amount of Bitcoin at a loss during the 2022 bear market. The amount of Bitcoin supply in profit and loss is now getting closer to levels typical of a bear market, according to a CryptoQuant analyst. There are...
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The IMF said tokenization could improve cross-border payments and financial inclusion in emerging economies but cited concerns over volatility and the “erosion of monetary sovereignty.” The International Monetary Fund said tokenization has the potential to remove friction and boost transparency in finance, but warned that the technology could also create challenges that affect financial stability....
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Stablecoin monthly transaction volume hit $7.2 trillion in February, surpassing the $6.8 trillion processed by the Automated Clearing House network. Stablecoin transaction volume surpassed the US Automated Clearing House network for the first time in February, a significant milestone for an asset class that has existed for less than 12 years. According to data from...
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Circle, known for issuing stablecoins including USDC and EURC, is expanding into the Bitcoin space, targeting institutional users. Stablecoin issuer Circle said it plans to launch its own version of a wrapped Bitcoin, which would put it against incumbents Coinbase and BitGo as it targets institutional users.  The asset, called cirBTC and announced on Thursday,...
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