Latest updates, press releases, and insights from the volatile world of digital assets.
Blockstream’s Bitcoin sidechain has resumed limited operations following an exploit that drained most of its federation wallet, with transactions and peg services still offline
OpenGov Referendum 1944 advances a protocol-owned dollar asset with phased USDT then DOT collateral, $3 million seed liquidity, and 97.5 percent interim support
Self-described white-hat actors drained roughly 4,000 Bitcoin from the sidechain’s federation wallet before returning 3,400 BTC and retaining about $47 million
Nearly 4,000 BTC left the federation wallet on Sunday after a software bug allowed unauthorized L-BTC creation, prompting a full network pause while on-chain talks continue
Balance Coin (BLC) lost its dollar peg and plunged over 99 percent following a suspected oracle manipulation attack on the associated 42DAO DeFi protocol, resulting in roughly $915,000 drained
Abracadabra has raised borrowing rates across its lending markets and paused liquidity incentives after its stablecoin Magic Internet Money (MIM) fell to around $0.50, well below its $1 peg, in response to renewed liquidity pressures
Main Street USD (msUSD) lost its dollar peg and plunged sharply following the termination of its partnership with proof-of-reserves provider Accountable, triggering market panic, liquidations, and heavy losses for holders and connected DeFi positions
