Taiko Requests Withdrawals as Bridge Exploit Cuts $1.7M
Taiko, an Ethereum layer-2 network, has asked users to immediately withdraw any assets held on bridges connected to its ecosystem after it confirmed a compromise affecting a core verification
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DeFi
Latest CryptoCompass coverage, analysis, and explainers filed under DeFi.
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USDC Depeg Research: What the SVB Shock Still Teaches Stablecoin Risk Managers
When Silicon Valley Bank failed in March 2023, it triggered the most studied stablecoin depeg in crypto’s short history. USDC slipped below $1 as markets tried to price reserve exposure and l
Pi Network Bets On Staking To Drive App Adoption
Community Staking as a Discovery Engine @PiCoreTeam has rolled out a redesigned Ecosystem Directory Staking feature, giving developers a new way to reach Pi Network's community of more than 6
Axelar and Secret Network confirm a 4.67 million bridge exploit
Axelar (@axelar), a decentralized interoperability network, has disclosed a security incident involving approximately $4.67 million worth of tokens bridged via IBC to Secret Network (@SecretN
Banks are quietly lobbying the Senate to kill stablecoin yield
Banks Push Hard on Stablecoin Yield The fight over the crypto market-structure bill has moved behind closed doors. According to @EleanorTerrett, state bankers associations are coordinating a
XRPL Commons Launches "Make Waves On XRPL" With 50,000 XRP Up For Grabs
XRPL Commons, an organisation focused on nurturing a strong and vibrant XRPL ecosystem, has launched "Make Waves on XRPL," a 90-day competition offering 50,000 $XRP to developers who ship liv
XRP Ledger's TVL has fallen dramatically in the past year...
@Ripple's $XRP Ledger is facing a stark contradiction. Its stablecoin supply has exploded to nearly $800M, yet the amount of capital actually put to work inside the network's decentralized fi
Ethena's on-chain activity is booming. Its token is stuck near record lows.
@ethena is showing a stark disconnect between surging network usage and a token that refuses to respond. According to @SantimentData, on June 19, Santiment reported 5,057 daily active ENA add
New $PI ecosystem app, @GalaxyPiApp fills Round 1 sign-ups in the space of hours.
A new strategy game built on the Pi Network ecosystem has drawn a surge of early interest, with @GalaxyPiApp filling all 500 spots in its Round 1 beta within hours of opening sign-ups. What I
Crypto News Today: Taiko Issues Urgent Warning After Bridge Security Breach
Layer-2 blockchain project Taiko has issued an urgent security warning after confirming that its chain state verification mechanism was compromised. This puts the security of all bridges depl
Altura shuts stablecoin vault after $8.5m redemption rush
Altura will begin winding down its stablecoin yield vault after a sharp rise in withdrawal requests over the weekend. Summary Altura processed more than 8.5m USDT in instant redemptions befor
SuperEx Educational Series: Understanding Off-chain Private Computation
#SuperEx #EducationalSeries Some things should not be calculated in the middle of a public square.A firm’s risk model, a user’s income proof, trading strategy parameters, or someone’s real vo