A Hyperliquid user lost about $21 million after a private key leak, with the attacker bridging stolen funds to Ethereum shortly after, per onchain data.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
As part of the arrangement, Jupiter plans to “progressively convert” about $750 million of USDC from its Liquidity Provider Pool into JupUSD.
DeFi DEX PancakeSwap has launched its CakePad platform to offer early access to token listings and support its deflationary goals.
Perp DEXs are back in the spotlight. After Hyperliquid’s success, new players are attracting fresh VC attention and capital. Here’s why.
DefiLlama delisted the perpetuals volume data for Aster after finding data that suggests wash trading on the platform.
The milestone represents a 48% surge compared to August's $707.6 billion trading volume, with September's total coming in at $1.05 trillion.
Aster started gaining significant traction after its token launch and subsequent endorsement from Binance co-founder Changpeng Zhao.
The incident saw the price of XPL on Aster surge to more than $4 from around the $1.30 level witnessed on other exchanges.
The mechanism is designed to reduce cross-chain fragmentation and is being adopted by teams including LI.FI and Rhinestone.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
ASTER is valued at over $15 billion following an initial fully diluted valuation (FDV) of $560 million at during its TGE.
The round was co-led by GRVT’s tech partner ZKsync and Further Ventures, an investment firm backed by Abu Dhabi's sovereign wealth fund.
The move comes shortly after Native Markets was tapped to issue a Hyperliquid-aligned and compliant USD stablecoin, USDH.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Derive co-founder Nick Forster argues the token mint is necessary for the onchain exchange to compete with industry leader Deribit.
Onchain sleuth ZachXBT said the victim is likely THORChain founder John-Paul Thorbjornsen, who had $1.35 million stolen this week.
The project, co-founded by an early Hyperliquid backer, has raised eyebrows amid rising competition among suitors.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Paxos faces stiff competition from other bidders looking to become USDH's issuer, including Frax Finance, Agora, Ethena Labs and Sky.
The $8.4 million has been funneled through Tornado Cash, while Bunni offers 10% of the stolen funds if the attacker returns the remainder.
The entity, named “DUNI,” is designed to support off-chain operations while preserving Uniswap’s decentralized governance.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Hyperliquid recorded a record-breaking month in August, with its revenue and trading volume reaching all-time highs.
Pump.fun’s daily fees have crossed $1 million early August despite dwindling Solana DEX activity, allowing the protocl finance more token buybacks.
Whale activity drove a 2.5x price spike on Hyperliquid's XPL pre-launch market, sweeping liquidity and triggering liquidations.
The launchpad's first-week revenue quickly established Heaven as a significant competitor to Pump.fun.
GMX said the $44 million distribution will be issued in GLV, also pledging a $500,000 incentive pool to users that keep their allocated GLV.
Coinbase has relaunched its Stablecoin Bootstrap Fund after nearly six years to increase stablecoin liquidity in DeFi.
Perpetual trading DEX Extended has gone live on Starknet, offering more than 50 pairs and up to 100x leverage.