On the Blast network, a branch of the Aave protocol called a fork, mistakenly triggered liquidations of user positions valued at approximately $26 million due to an incorrect adjustment in a threshold setting. On April 11, Pac Finance, which is built on top of decentralized finance platform Aave but runs on Coinbase’s layer-2 chain Blast, … Read more
Hong Kong regulators are poised to authorize the launch of Bitcoin and Ethereum ETFs. Based on Bloomberg’s reports, the approval for Bitcoin and Ethereum ETFs in Hong Kong could be made public as soon as April 15. If approved, Hong Kong would be the first Asian nation to offer functioning cryptocurrency ETFs for Bitcoin and … Read more
A Montenegrans high court’s latest decision means that Justice Minister, Andrej Milovic, is now responsible for deciding where Do Kwon will be extradited to. Do Kwon’s Extradition Still Undetermined The story of Do Kwon, co-founder of Terraform Labs, and his extradition case has taken another twist as Montenegro’s judicial system ponders a significant decision. Following … Read more
With the launch of the stage 3 mainnet, EigenLayer has added six new actively validated services (AVSs) to its platform: AltLayer, Brevis, Eoracle, Lagrange, WitnessChain, and Xterio. These new AVSs expand the EigenLayer ecosystem beyond its initial service, EigenDA. All of these new services will be secured through the process of restaking. In simpler terms, … Read more
In the approaching week, large Bitcoin investors, referred to as whales, have been actively purchasing a significant amount of Bitcoin. This buying spree comes just before the fourth Bitcoin halving occurs, which reduces the reward for mining new Bitcoins by half to 3.125 BTC. The increased buying activity from these whales implies a positive outlook … Read more