Decentralized lending protocol Moonwell suffered an estimated $8.7 million exploit on August 27 after an attacker manipulated the price of MAMO collateral on Base and used its inflated value to borrow higher-quality assets from the protocol. Blockchain security firms PeckShield and CertiK separately estimated losses at approximately $8.7 million. The attacker targeted Moonwell’s MAMO Core
Where Does The $4.7 Billion Loss Estimate Come From? Investors in cryptocurrency ventures linked to U.S. President Donald Trump and his family are at least an estimated $4.7 billion underwater, according to a new analysis from consumer advocacy group Public Citizen, which is using the figures to renew calls for ethics restrictions in pending U.S.
What Is Ripple Prime’s New Delta One Service? Ripple Prime has expanded into U.S. equity derivatives with the launch of a Delta One service for institutional investors, extending its prime brokerage business further into traditional financial markets.The new offering allows hedge funds, asset managers and other financial institutions to execute total return swaps linked to
The OECD’s new crypto tax reporting regime may capture only a small slice of the activity tax authorities ultimately need to assess.Chainalysis estimates that potentially taxable onchain crypto activity reached at least $457 billion in 2025, but only about 14% of that activity falls within events expected to be visible through the Crypto-Asset Reporting Framework,
Why Is Mirae Asset Building A $109 Billion Crypto Business? South Korea’s Mirae Asset Financial Group plans to build a 150 trillion won ($109 billion) digital asset business around Digital X, setting one of the most ambitious targets yet by a major traditional financial group entering blockchain-based markets.The plan was outlined by Mirae Asset founder
Why Did Bithumb Sue Its Own Users? Bithumb has won another lawsuit seeking the return of proceeds from bitcoin mistakenly credited to customers during a February promotional campaign, giving the South Korean crypto exchange its second victory among four civil cases stemming from the error.The Seoul Central District Court ruled Thursday that the defendant must
Spain’s transition to the European Union’s crypto licensing regime ended on 1 July 2026, as FinanceFeeds reported before the cutoff. The date was not extended: from 1 July, the CNMV says only providers authorised in Spain or another European jurisdiction may offer regulated crypto-asset services to Spanish users.Eight weeks later, the result is less binary
Digital asset market maker Caladan has connected its API Liquidity service to BitGo’s Go Network, allowing institutional counterparties to settle trades executed with Caladan through accounts held at BitGo. The integration went live on 26 August and adds BitGo to the settlement routes available behind Caladan’s execution API.The connection separates two parts of the trade.
Unstoppable Domains has abandoned plans to bring several of its largest blockchain-based domain extensions into the conventional internet Domain Name System, including .crypto and .wallet, after concluding that ICANN’s proposed integration requirements would conflict with its existing Web3 domain model.The company said August 25 that it will not proceed with ICANN applications for .crypto, .wallet,
More than a dozen major banks including Bank of America, Wells Fargo and Santander are moving forward with plans for a jointly developed stablecoin that could operate across public blockchains and compete with crypto-native payment tokens. The consortium is considering launching a token initially backed one-to-one by U.S. dollars before expanding into euros and potentially