The KelpDAO exploit drained $292 million by compromising LayerZero's oracle network, highlighting a major vulnerability in cross-chain DeFi protocols. Attackers used social engineering to breach LayerZero's Decentralized Verifier Network (DVN), exploiting a single-DVN setup that lacked redundancy. This incident reveals the inherent risks of trusting single oracle points in cross-chain communication and pushes the industry to adopt stronger multi-layer verification systems. LayerZero plans to eliminate single-DVN configurations to improve security and prevent similar future attacks.
NIRI Florida has announced its Board of Directors for the 2026-2027 term, with Charlotte Murnan appointed as President. The board includes professionals from various companies, focusing on growing membership and delivering valuable programming for in...
7th Avenue, a Los Angeles-based modern furniture brand, has opened its first showroom on Long Island at Walt Whitman Shops in Huntington Station, New York. This 1,206-square-foot experiential space allows customers to try and customize modular sofas ...
SK Hynix, a trillion-dollar South Korean chipmaker, will start trading on Nasdaq under the ticker SKHY on July 10, marking its first US listing. Following this, GraniteShares will launch two ETFs on July 13: a 2x long ETF (SKUU) and a 2x short ETF (S...
In 2026, real estate ETFs like XLRE, VNQ, and SCHH have outperformed broader market indexes such as the S&P 500, despite volatility caused by shifting interest rate expectations. The surge in data center REITs, driven by demand for AI infrastructure ...
Floating-rate ETFs use senior secured loans that adjust coupon payments with benchmark interest rates, reducing duration risk amid rising rates. These loans have priority in corporate capital structures, offering greater credit safety than traditiona...
