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.
Bitcoin surged past $80,000, reaching $81,006 with a 5.75% gain in 24 hours, lifting its market cap to $1.62 trillion amid $35.5 billion in daily trading volume. This rally is linked to renewed ETF inflows, yen weakness, and weak US economic data red...
Cryptocurrency markets are experiencing significant gains, with Bitcoin rising over 5% to surpass $80,700. Major altcoins such as Ethereum, Binance Coin, and Solana also posted notable increases, while smaller tokens like NEAR and UNI surged by over ...
Large XRP holders, known as whales, have transferred nearly 1.6 billion XRP tokens to Binance over the past 30 days, marking the highest inflow since March. This surge suggests increased liquidity on Binance, potentially raising market supply in the ...
XRP's market cap rose by $1.7 billion to $83.9 billion as its reserves on Binance surged to the highest level in 69 days, reaching about 2.62 billion tokens. This increase coincides with a rise in whale inflows, with nearly 1.6 billion XRP moved to B...
Bitcoin recovered to just below $78,000 after a brief dip, marking its third straight day of gains amid a broader crypto rally. Major altcoins like Hyperliquid's HYPE, Zcash's ZEC, and Solana's SOL saw significant increases of 11%, 8%, and 6% respect...
