Wasabi Protocol 4.55M$ Hack: DeFi Crisis Deepens

The DeFi sector can‘t escape the clutches of hack attacks; Ethereum and Base-based perpetuals trading platform Wasabi Protocol was robbed of $4.55 million on Thursday. The attackers seized the private key of the externally owned account (EOA) named wasabideployer.eth and immediately transferred the single ADMIN_ROLE authority in the protocol’s permission system to themselves.  Wasabi Protocol Hack Mechanics: UUPS Exploit  According to Blockaid‘s detection, this move called the grantRole function and, using the UUPS standard, replaced the codes of the perp vaults and Long Pool with malicious versions. Funds were quickly drained; Ethereum’s wWETH, sUSDC, wBITCOIN, wPEPE vaults and Bases sUSDC, wWETH, sBTC, sVIRTUAL, sAERO, and sBRETT vaults were targeted. Users were advised to immediately revoke their LP token approvals. Click for detailed ETH analysis.  Drift Protocol Similarity and New Delisting Developments  The attack mechanics were almost identical to the $285 million loss suffered by Solana-based DRIFT futures platform Drift Protocol at the beginning of the month; there too, North Korea-linked attackers had withdrawn assets in 12 minutes using an admin key without timelock or multisig protection. Wasabi also had a similar weakness: A single deployer key held full control of the protocol.  Breaking news: $DRIFT has been delisted from Upbit and Bithumb exchanges. This delisting

05-01

Coinbase (COIN) launches tokenized stablecoin credit fund on Solana, Ethereum, Base

Coinbase‘s (COIN) asset management arm said Thursday it’s rolling out a credit fund tied to stablecoin markets, with plans to offer investors onchain access through a tokenized share class.  The fund, called the Coinbase Stablecoin Credit Strategy (CUSHY), targets institutional investors seeking yield from lending activity tied to digital assets.  Investors will have the option to hold shares onchain through tokenization specialist Superstate‘s platform. The fund will be available on Ethereum, Solana, and Base, Coinbase’s blockchain built on Ethereum.  The fund reflects a growing overlap between traditional credit markets and crypto infrastructure. Transactions in stablecoins — cryptocurrencies with prices pegged to fiat money — have surged in recent years as more financial activities migrate onto blockchains. The supply of stablecoins doubled to $300 billion in the past two years, while monthly transaction volume tripled to $1.2 trillion.  “Stablecoins are the bedrock of the next financial era,” said Anthony Bassili, president of Coinbase Asset Management. “With CUSHY, we are fusing the efficiency of digital rails with the rigor of traditional credit.”  Fund tokenization trend  The move also highlights a broader trend: Asset managers are starting to treat tokenization as an extension of existing products for broader distribution, a shift that could bring more traditional finance activity to

05-01

Apex Group and Truleum Venture Partners announce DFSA-Regulated Tokenized Fund Launch in DIFC

Dubai ,UAE, April 30, 2026 Apex Group Ltd (“Apex Group”), a global financial services provider with over $3.5 trillion in assets serviced, and Truleum Venture Partners Limited (“TVPL”) today announced the launch of Truleum Fund I LP, a DFSA‑regulated and DIFC‑domiciled private markets fund structured to issue digitally native fund units within a fully regulated framework powered by Tokeny technology. The launch marks a significant step toward modernizing private capital markets infrastructure in the Middle East.  Truleum Fund I LP has been designed to combine institutional-grade governance standards with digital issuance architecture. The launch reflects the broader evolution of private markets, where tokenisation is transitioning from experimental adoption toward regulated implementation. By aligning regulatory processes, fund administration, and digital infrastructure, Apex Group and TVPL have structured a model that enhances transparency, programmability, and operational resilience while maintaining full supervisory alignment.  Tokenisation is increasingly becoming an extension of traditional finance. By embedding compliance controls, transfer restrictions, investor eligibility, and governance mechanisms directly within the asset layer, the structure demonstrates how private markets can achieve greater scalability, efficiency and programmability without compromising institutional standards or regulatory expectations.  For twenty years in the Dubai International Financial Centre (“DIFC”), Apex Group has supported regulated fund structures across

05-01

Gemini wins CFTC clearinghouse approval as it deepens prediction market push

Gemini Space Station won approval from the US Commodity Futures Trading Commission to operate its own regulated derivatives clearinghouse, CNBC reported, giving the crypto exchange a deeper foothold in prediction markets and a possible path toward perpetual futures trading.  The approval allows Gemini to clear and settle trades in house instead of relying on outside infrastructure, giving the company more control over how its prediction market products operate and scale. Gemini shares surged nearly 8% by Thursday midday following the news.  Cameron Winklevoss, Geminis cofounder and president, told CNBC that owning and operating the marketplace end to end is powerful given the opportunity in prediction markets and future crypto derivatives. He said the structure would let Gemini move faster, improve the customer experience, and respond more quickly to changing market conditions.  The approval comes as crypto exchanges increasingly push into event contracts, derivatives, and prediction markets to reduce their dependence on spot crypto trading, which tends to rise and fall with broader market sentiment. Gemini launched event contracts in December after CFTC approval and intends to expand its derivatives offering beyond prediction markets.  The strategy also lands in the middle of a widening regulatory fight. New York Attorney General Letitia James recently sued Gemini

05-01

EURAU Stablecoin Migrates to Solana: Fast Euro Payments

AllUnity, DWS, Flow Traders, and Galaxy Digital (GLXY)-backed joint venture has migrated its euro-based stablecoin EURAU to the Solana blockchain. This move aims to accelerate euro transfers and strengthen regulatory-compliant onchain finance. EURAU was launched on Ethereum last July and is issued fully reserved under the EUs MiCA-compliant e-money framework. The transition to Solana promises settlement in seconds and low costs for euro-denominated transactions. Businesses can now transfer onchain euros instantly.  Advantages of EURAUs Migration to SolanaFast Settlement: Payments complete in seconds, ending days-long bank transfers.Low Costs: Transaction fees are minimized with Solanas scalability.Institutional Integration: Stable euro infrastructure for trading, lending, and treasury management.  EURAU‘s presence on Solana offers payment companies real-time cross-border payments; for example, contractors can be paid instantly. AllUnity CTO Peter Grosskopf: “Solana’s speed and scalability are ideal for institutional settlement.” Partners like Bullish, Privy, Hercle, and Transak are also integrating.  Solana (SOL) Price Analysis: Key Supports and Resistances  SOL is currently at $83.25, 24h change -1.18%. RSI 44.51 (neutral), trend downward, Supertrend bearish. EMA 20: $84.96.Supports: S1 $81.31 (strong, 83% score), S2 $67.50 (medium).Resistances: R1 $87.19 (strong), R2 $84.95 (strong).  For detailed review, visit our SOL detailed analysis and SOL futures pages.  Latest Developments: META Launches Stablecoin Payments on Solana  EURAUs migration to

05-01

Coinbase launches CUSHY digital credit strategy with tokenized share structure

Nexo extends its 0% APR, no‑liquidation Zero-interest Credit to Solana and XRP, targeting holders who want dollar liquidity without selling their crypto.Coinbase Asset Management unveils CUSHY, an on-chain digital credit strategy with a tokenized share class built on Superstates FundOS platform.The strategy targets on-chain public credit, structured private credit, and tokenized yield sources across Solana and Base, aiming to bridge traditional fixed income with blockchain rails.CUSHY underscores a broader institutional shift toward tokenized credit markets, following Coinbases earlier stablecoin credit initiatives with Apollo and its bitcoin yield funds.  Coinbases new on-chain credit push  Coinbase Asset Management (CBAM) has introduced CUSHY, a new on-chain digital credit strategy that uses a tokenized share class mechanism to bring traditional credit exposure onto public blockchains, in a move the firm frames as a bridge between legacy fixed income markets and programmable finance.  Built on Superstates FundOS operating system, CUSHY is structured to support 24/7 primary and secondary market trading of fund shares across networks such as Solana and Base, with FundOS specifically designed “to streamline the tokenization of real-world assets” for asset managers seeking on-chain capital formation.  According to Coinbase Asset Management, the strategy rests on three pillars: on-chain public credit assets, structured private credit serving both digital-native

05-01

WLFI Selloff Deepens After Controversial Governance Vote Goes Live

They say journalists never truly clock out. But for Christian, that‘s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.  Christians journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).  Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his

05-01

Apex Group and Truleum Venture Partners announce DFSA-Regulated Tokenized Fund Launch in DIFC

Dubai ,UAE, April 30, 2026 Apex Group Ltd (“Apex Group”), a global financial services provider with over $3.5 trillion in assets serviced, and Truleum Venture Partners Limited (“TVPL”) today announced the launch of Truleum Fund I LP, a DFSA‑regulated and DIFC‑domiciled private markets fund structured to issue digitally native fund units within a fully regulated framework powered by Tokeny technology. The launch marks a significant step toward modernizing private capital markets infrastructure in the Middle East.  Truleum Fund I LP has been designed to combine institutional-grade governance standards with digital issuance architecture. The launch reflects the broader evolution of private markets, where tokenisation is transitioning from experimental adoption toward regulated implementation. By aligning regulatory processes, fund administration, and digital infrastructure, Apex Group and TVPL have structured a model that enhances transparency, programmability, and operational resilience while maintaining full supervisory alignment.  Tokenisation is increasingly becoming an extension of traditional finance. By embedding compliance controls, transfer restrictions, investor eligibility, and governance mechanisms directly within the asset layer, the structure demonstrates how private markets can achieve greater scalability, efficiency and programmability without compromising institutional standards or regulatory expectations.  For twenty years in the Dubai International Financial Centre (“DIFC”), Apex Group has supported regulated fund structures across

05-01

EURAU Stablecoin Migrates to Solana: Fast Euro Payments

AllUnity, DWS, Flow Traders, and Galaxy Digital (GLXY)-backed joint venture has migrated its euro-based stablecoin EURAU to the Solana blockchain. This move aims to accelerate euro transfers and strengthen regulatory-compliant onchain finance. EURAU was launched on Ethereum last July and is issued fully reserved under the EUs MiCA-compliant e-money framework. The transition to Solana promises settlement in seconds and low costs for euro-denominated transactions. Businesses can now transfer onchain euros instantly.  Advantages of EURAUs Migration to SolanaFast Settlement: Payments complete in seconds, ending days-long bank transfers.Low Costs: Transaction fees are minimized with Solanas scalability.Institutional Integration: Stable euro infrastructure for trading, lending, and treasury management.  EURAU‘s presence on Solana offers payment companies real-time cross-border payments; for example, contractors can be paid instantly. AllUnity CTO Peter Grosskopf: “Solana’s speed and scalability are ideal for institutional settlement.” Partners like Bullish, Privy, Hercle, and Transak are also integrating.  Solana (SOL) Price Analysis: Key Supports and Resistances  SOL is currently at $83.25, 24h change -1.18%. RSI 44.51 (neutral), trend downward, Supertrend bearish. EMA 20: $84.96.Supports: S1 $81.31 (strong, 83% score), S2 $67.50 (medium).Resistances: R1 $87.19 (strong), R2 $84.95 (strong).  For detailed review, visit our SOL detailed analysis and SOL futures pages.  Latest Developments: META Launches Stablecoin Payments on Solana  EURAUs migration to

05-01

Coinbase (COIN) launches tokenized stablecoin credit fund on Solana, Ethereum, Base

Coinbase‘s (COIN) asset management arm said Thursday it’s rolling out a credit fund tied to stablecoin markets, with plans to offer investors onchain access through a tokenized share class.  The fund, called the Coinbase Stablecoin Credit Strategy (CUSHY), targets institutional investors seeking yield from lending activity tied to digital assets.  Investors will have the option to hold shares onchain through tokenization specialist Superstate‘s platform. The fund will be available on Ethereum, Solana, and Base, Coinbase’s blockchain built on Ethereum.  The fund reflects a growing overlap between traditional credit markets and crypto infrastructure. Transactions in stablecoins — cryptocurrencies with prices pegged to fiat money — have surged in recent years as more financial activities migrate onto blockchains. The supply of stablecoins doubled to $300 billion in the past two years, while monthly transaction volume tripled to $1.2 trillion.  “Stablecoins are the bedrock of the next financial era,” said Anthony Bassili, president of Coinbase Asset Management. “With CUSHY, we are fusing the efficiency of digital rails with the rigor of traditional credit.”  Fund tokenization trend  The move also highlights a broader trend: Asset managers are starting to treat tokenization as an extension of existing products for broader distribution, a shift that could bring more traditional finance activity to

05-01
1
...
846848
...
1000