Wrapped Bitcoin (wBTC) is enhancing its cross-chain security by upgrading its decentralized verification network (DVN) to a multi-signature system following the $293 million exploit of KelpDAO via a DVN vulnerability. This upgrade aims to prevent similar attacks that could impact the broader DeFi ecosystem, where wBTC holds a significant $9.2 billion market supply and 180,000 holders, including major exchanges. The project has temporarily paused transfers across LayerZero to ensure safety. Despite broader DeFi outflows, wBTC has shown resilience with net inflows since the KelpDAO incident, underscoring its critical role in DeFi security and liquidity.
Most major cryptocurrencies saw price declines, with Bitcoin trading near $79,358, down 1.44%. Ethereum and Binance Coin also fell by 0.64% and 1.25% respectively. Significant drops were observed in Bitcoin Cash (-6.42%) and Cardano (-3.04%). Some to...
At Bitcoin Asia 2026 in Hong Kong, former Binance CEO Changpeng Zhao predicted Bitcoin will overtake gold's significance during the next bull market cycle. While gold's market cap is about $32.4 trillion, Bitcoin currently holds $1.6 trillion, with Z...
Binance Coin (BNB) surged to around $713 following the activation of the Pasteur hard fork on August 25, which introduced key upgrades to the BNB Chain. These upgrades improved cross-chain security, governance, and network capacity, increasing transa...
Large XRP holders, or whales, have withdrawn over 231 million XRP tokens worth $335 million from Binance, marking the highest outflow in six months. This significant movement suggests whales are moving XRP to private wallets, potentially reducing the...
Cryptocurrency markets display a range of price movements with Bitcoin trading above $80,000, up 3.03%. Ethereum and Binance Coin also show gains, while altcoins like Solana surged nearly 12% and VeChain (VET) jumped over 29%. These fluctuations indi...
