Attackers minted nearly 1,000 unbacked eBTC worth about $76.6 million via Echo Protocol’s Monad deployment, sparking fears of widespread collateral instability in BTCFi systems. However, forensic analysis revealed actual extraction losses were closer to $818,000, as most minted eBTC remained idle due to limited liquidity. Despite the exploit, Monad’s core blockchain operated normally, maintaining over $400 million in total value locked, highlighting how inflated exploit figures can cause unnecessary panic in newer crypto ecosystems. The incident underscores the need for clearer communication to prevent destabilizing confidence in interconnected DeFi markets.
Robinhood Markets Inc. has received approval for its brokerage arm, Robinhood Securities, to act as an IPO underwriter. This development allows Robinhood to move beyond merely distributing IPO shares to retail investors and take a more active role in...
Credilab, a fintech partner of V Gallant Limited, has received full approval to operate as an online lending platform in Malaysia. This regulatory approval accelerates the commercialization of V Gallant's AI-powered lending infrastructure, enabling f...
Parabilis Medicines, a clinical-stage biopharmaceutical company, announced the pricing of its upsized initial public offering (IPO) of 33.5 million shares at $20 each, expected to raise approximately $670 million. Additionally, Parabilis agreed to a ...
Halper Sadeh LLC is investigating whether shareholders of Nuvalent, SUNation Energy, Organon & Co., and Taylor Morrison Home Corporation are receiving fair treatment in their companies' recent sales or mergers. The law firm highlights potential confl...
Inno Holdings (INHD) stock was halted by Nasdaq after soaring over 3,600% in one session, rising from about $1.01 to above $66. The surge followed a $3 million contract with a Hong Kong AI firm, which is small compared to typical mid-cap expenses. Th...
