Circle Stock Drops 10% on Downgrade, Drift Protocol Fallout
Circle's stablecoin business faces headwinds as analyst downgrade coincides with Drift Protocol exploit investigation, intensifying USDC exposure concerns.
DeFi
96 articlesDecentralized Finance protocols, DeFi yield strategies, and DEX insights
World Liberty Financial's $5B Token Collateral Borrow Sparks DeFi Concerns
Trump's World Liberty Financial deposited 5 billion WLFI tokens as collateral to borrow stablecoins, pushing a lending protocol to maximum utilization and locki…
US Treasury's GENIUS Act Targets Stablecoin Illicit Finance
The Treasury Department advances the GENIUS Act to impose AML/CFT compliance and transaction-blocking powers on payment stablecoin issuers. The rule marks a sig…
U.S. Treasury Proposes Stablecoin Firms Police Illicit Transactions
The U.S. Treasury is preparing new regulatory demands requiring stablecoin issuers to implement robust compliance frameworks similar to traditional financial in…
FDIC Stablecoin Rules: Federal Oversight Without Deposit Insurance
The FDIC has unveiled proposed regulatory framework for stablecoin issuers under the GENIUS Act, establishing federal standards while explicitly excluding token…
North Korean Hackers' 6-Month Drift Protocol Infiltration Nets $285M
Drift Protocol reveals sophisticated North Korean-linked attack involving months of social engineering, in-person meetings, and trader impersonation resulting i…
North Korea's $285M Drift Protocol Hack: DeFi's Biggest Heist
North Korea orchestrated a sophisticated $285M attack on Drift Protocol, marking the largest DeFi heist in years. The breach raises critical questions about pro…
North Korean Workers Infiltrated 40+ DeFi Platforms Over 7 Years
Security researcher Taylor Monahan has identified at least 40 decentralized finance platforms compromised by North Korean IT workers. The infiltration campaign …
FBI's Wash Trading Sting Exposes Crypto's Liquidity Manipulation Crisis
Federal authorities used a honeypot token to catch exchanges and trading firms allegedly fabricating volume through wash trading, revealing systemic issues in D…
Drift Protocol $280M Attack May Qualify as Civil Negligence
Legal experts suggest the $280 million Drift Protocol hack attributed to North Korean threat actors could constitute civil negligence, raising questions about p…