Moonwell, a DeFi lending platform, suffered an $8.7 million loss after an attacker manipulated the price of the MAMO token used as collateral on its Base markets. The attacker artificially inflated MAMO's price, allowing them to borrow high-value assets like cbBTC and USDC against overvalued collateral. In response, Moonwell restricted new borrowing by lowering borrow caps to 1 wei while investigating the incident. This exploit highlights risks in price oracles and collateral valuation in DeFi lending, especially with illiquid tokens, and comes amid a surge in costly DeFi security breaches.
Priority Technology Holdings is being taken private in a $1.6 billion deal led by its Chairman and CEO, Thomas Priore. The acquisition price is $8.05 per share, matching the analyst price target set by Lake Street, which downgraded the stock to 'Hold...
General Mills is set to report its Q3 2026 earnings with an expected 16.3% decline in earnings per share to $0.72 and revenue forecast around $4.35 billion, down from last year. Despite these declines, the company reaffirmed its full-year adjusted EP...
Boeing is experiencing ongoing production challenges with its 737 MAX aircraft, causing delays and a recent 3.7% stock drop. Jefferies lowered its price target to $265, still implying a 32% upside from current prices, reflecting cautious optimism. Ba...
Elemental Royalty Corporation has agreed to acquire a $290 million portfolio of precious metals streams and royalties from Orion Mine Finance, boosting its revenue, scale, and exposure to producing assets in North America. Concurrently, Elemental is ...
Jefferies downgraded eBay to 'Underperform' and lowered its price target to $75 from $80 due to expected earnings pressure and slowing advertising revenue growth. The broker cut its 2027 and 2028 EBITDA estimates below consensus, highlighting a trend...
