Renzo Protocol has transitioned the management of its Reserve vault's USCC tokenized fund from Superstate to Bitwise, effective June 1, 2026. The fund is now rebranded as the Bitwise Crypto Carry Fund, with Superstate maintaining on-chain infrastructure responsibilities. The vault integrates optional leverage up to 2x through Aave Horizon, allowing users to borrow stablecoins against USCC collateral for amplified yield. This move aims to enhance yield strategies but investors should monitor the declining assets under management and understand leverage risks.
Aave, a decentralized finance protocol, has fully restored liquidity to its lending pools after a $300 million cross-chain exploit drained assets. The attacker minted fake tokens and used them as collateral to borrow large amounts of Ethereum-based a...
Leading cryptocurrencies like Bitcoin and Ethereum experienced significant price declines, with Bitcoin falling about 6.57% to $66,870 and Ethereum dropping nearly 5% to $1,901.68. This broad market sell-off reflects investor caution and potential pr...
The Kelp DAO hacker has laundered nearly all of the approximately $220 million stolen in an April bridge exploit, moving funds through privacy services like THORChain, Umbra, and Tornado Cash, making recovery difficult. Only about $1.7 million remain...
Aave announced a major update to its risk management after a $230 million exploit involving rsETH tokens in April 2026. The attack was not due to flaws in Aave's smart contracts but stemmed from a compromised cross-chain bridge used by KelpDAO, which...
Aave's $230 million rsETH exploit was traced to a failure in KelpDAO's LayerZero bridge, not Aave's smart contracts. Attackers forged a cross-chain message to mint unbacked rsETH, exposing risks in bridge verification systems. In response, Aave is ov...
