A cryptocurrency investor has suffered a devastating $38 million loss after an attacker compromised a multisig wallet, draining its funds and retaining control of a leveraged DeFi position. This breach exposes critical failures in wallet setup and private key security, highlighting how attackers are increasingly bypassing technical safeguards to exploit human vulnerabilities in the crypto ecosystem.
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6 posts last weekSEC Ends Aave Investigation, Signaling Crypto Regulatory Shift
The U.S. Securities and Exchange Commission has closed its four-year investigation into the decentralized finance protocol Aave, a decision hailed by its founder as a victory for DeFi innovation. This pivotal closure coincides with a documented broader shift in regulatory posture, with the SEC reportedly easing enforcement actions in over 60% of ongoing cryptocurrency cases since the current administration took office, signaling what new leadership calls a “new day” for the industry.
about SEC Ends Aave Investigation, Signaling Crypto Regulatory ShiftCrypto Funds See $864M Inflows; Bitcoin Faces Correction Risk
Digital asset investment products attracted $864 million in inflows last week, marking the third consecutive week of gains and signaling a cautiously optimistic investor sentiment. Bitcoin led with $522 million, while Ethereum and Solana also saw strong interest. However, this positive flow data contrasts sharply with a separate technical analysis warning of a potential deeper correction for Bitcoin, highlighting the complex and bifurcated nature of the current crypto market.
about Crypto Funds See $864M Inflows; Bitcoin Faces Correction RiskSEC Ends 4-Year Probe Into Aave, No Enforcement Action
The U.S. Securities and Exchange Commission has formally closed its four-year investigation into decentralized finance protocol Aave, declaring it does not intend to recommend enforcement action. This decision, communicated in an August 12 letter and announced by founder Stani Kulechov, removes a significant regulatory overhang for one of DeFi’s pioneering platforms and signals a potential shift in the SEC’s approach to the sector.
about SEC Ends 4-Year Probe Into Aave, No Enforcement ActionAave DAO Clashes with Labs Over CoW Swap Fee Dispute
A significant governance rift has emerged within the Aave ecosystem, pitting the protocol’s decentralized autonomous organization against its primary development company. The conflict centers on allegations that fees generated from Aave’s recent integration with decentralized exchange aggregator CoW Swap are being funneled to a private address controlled by Aave Labs, bypassing the DAO treasury entirely. This dispute, ignited by pseudonymous DAO member EzR3aL, raises fundamental questions about transparency, protocol ownership, and the precarious balance of power between centralized builders and decentralized governance in the DeFi sector.
about Aave DAO Clashes with Labs Over CoW Swap Fee DisputeBitcoin Plunges Below $90K, Liquidations Top $415M in Market Rout
The cryptocurrency market was rocked by another violent sell-off on Friday, as Bitcoin tumbled thousands of dollars in minutes, breaching the critical $90,000 support level. The sharp decline triggered a cascade of liquidations exceeding $415 million, erasing gains made earlier in the week following the U.S. Federal Reserve’s interest rate cut and underscoring the extreme volatility that continues to define the digital asset space.
about Bitcoin Plunges Below $90K, Liquidations Top $415M in Market RoutWhat Are Dapps? Decentralized Applications Explained
Decentralized Applications, or Dapps, represent a fundamental shift from traditional web applications by operating on blockchain networks like Ethereum. Unlike centralized apps, Dapps are autonomous, secure, and resistant to censorship. This article explores their core characteristics and real-world applications across wallets, exchanges, gaming, and finance, revealing how they are reshaping the digital landscape.
about What Are Dapps? Decentralized Applications ExplainedGigachad Coin: Solana Meme Token Blends Fitness Culture with Crypto
In the volatile world of cryptocurrency, a new contender is flexing its muscles. Gigachad ($GIGA), a meme coin built on the Solana blockchain, is capturing attention by merging the viral appeal of the Gigachad meme with a community-driven ethos centered on confidence and self-improvement. More than just another speculative asset, $GIGA positions itself at the intersection of digital culture and wellness, leveraging celebrity endorsements and a governance model that gives token holders a direct voice in its future.
about Gigachad Coin: Solana Meme Token Blends Fitness Culture with CryptoBitcoin Holds at $91K as Altcoins Show Mixed Weekly Performance
Bitcoin has stabilized around $91,000 after a significant recovery from last week’s multi-month lows, representing a $10,000+ rebound from recent bottoms. While the leading cryptocurrency shows sideways movement, several major altcoins display divergent patterns with notable weekly gains and recent declines. The total crypto market cap now approaches $3.2 trillion as Bitcoin’s dominance remains strong above 57%, highlighting the market’s resilience following last week’s dramatic sell-off.
about Bitcoin Holds at $91K as Altcoins Show Mixed Weekly PerformanceArthur Hayes: Crypto Perps to Kill Traditional Stock Exchanges
BitMEX co-founder Arthur Hayes has issued a stark warning to traditional finance: adapt to crypto-style perpetual futures or face irrelevance. In his latest analysis, Hayes argues that equity price discovery is rapidly shifting toward 24/7 perpetual markets on crypto platforms, with traditional exchanges like CBOE and SGX scrambling to launch their own perpetual products by 2025’s end. He frames this as an existential moment for TradFi, where legacy systems must evolve or cede ground to more innovative crypto venues.
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