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.
On October 9, Chainlink noncirculating-supply wallets transferred a total of approximately 14.125 million LINK tokens, valued at around $180 million, to Binance deposit addresses. These transfers occurred in multiple transactions between 11:53 a.m. a...
Bitcoin increased by 0.98% to $82,522, while the total cryptocurrency market capitalization dropped 2.03% to $2.79 trillion. Major coins showed mixed performance: Ether rose 0.46%, XRP gained 1.01%, and BNB increased 0.94%, but Solana declined 0.57%....
Two Chainlink wallets holding noncirculating supply transferred about 7.4 million LINK tokens, valued at $94.3 million, to Binance deposit addresses in two transactions on Friday. These transfers moved tokens from Chainlink's noncirculating supply to...
Research reveals that 6.26 million BTC, or 31.2% of Bitcoin's supply, is stored in addresses with exposed public keys, increasing vulnerability to future quantum computing attacks. Ethereum researcher Justin Drake warns the blockchain industry to pre...
Ether futures open interest on Binance increased by 2.27% in ETH terms over 69 hours through October 8, reaching about 2.33 million ETH. However, the USDT-denominated value of these positions fell by 6.58% to approximately $5.77 billion due to a decl...
