Key Takeaways Lazarus Group stole $300 million in rsETH on April 18 after breaching Layerzero’s core infrastructure. Over 47% of Layerzero OApps used the 1-1 DVN setup that the provider previously verified as secure. KelpDAO is migrating rsETH to Chainlink CCIP and the CCT standard to enhance cross-chain security. The Dispute Over Network Configuration KelpDAO…
Key Takeaways: Trader 0x128e opened a $20.32M, 40x BTC short on Hyperliquid, per Lookonchain. The $82,236 liquidation price sits within 1–2% of bitcoin’s current range, keeping the trade live. Hyperliquid has seen multiple 40x BTC shorts in 2026, including a prior position with $3.7M in losses. The Trade in Detail The trader, identified by wallet…
Key Takeaways: Gh0st has launched on BNB Chain, routing trades through dozens of wallets to mask user addresses. BNB Chain’s 2026 roadmap targets native privacy features, adding context to Gh0st’s third-party deployment. Gh0st joins Railgun, Aztec, and COTI as privacy DeFi infrastructure shifts from testnet to live production. How Gh0st Works The Gh0st privacy stack…
Financial technology company Maya and digital asset infrastructure provider Lydian announced a collaboration to enable digital asset payments for merchants in the Philippines. According to a joint statement, the initiative will integrate a “Pay with Crypto” option into existing consumer payment methods, including QR codes, payment links, and online checkouts. The rollout will focus on…
Key Takeaways: Gomining launched GoBTC at Consensus Miami in May 2026, targeting 12-hour BTC settlement at a 0.2% fee. The 0.2% merchant fee undercuts card processors charging 1.5–3.5%, with fees split between wallets and miners. Any wallet provider can integrate GoBTC; Gomining is dedicating a mining pool to confirm its transactions. What GoBTC Is At…
Key Takeaways: Binance launched ‘Withdraw Protection’ on May 4, offering users a provision to block outgoing transfers for 1–7 days. Physical coercion attacks on crypto holders rose 75% in 2025, per Certik. France has recorded 47 crypto wrench attacks in 2026 already, with 88 suspects charged, including minors. How The Feature Works Withdraw Protection is…
Global cryptocurrency exchange Coinbase has reduced its workforce by approximately 14%, a restructuring effort that CEO Brian Armstrong stated is necessary to transition the company into a “lean, fast, and AI-native” operation. The layoffs, announced on May 5, 2026, have significantly impacted the Asia-Pacific (APAC) growth teams, particularly those responsible for expanding the Base ecosystem,…
Key Takeaways: Aave filed a May 4 motion to vacate a court order freezing $71 million in ETH recovered from a recent exploit. ZachXBT alleged the freeze involves fraudulent claims, impacting trust across the Arbitrum DAO ecosystem. Aave seeks an expedited hearing and demands that the plaintiffs post a $300 million bond to maintain the…
Key Takeaways: Bullish plans to acquire Equiniti in a $4.2 billion stock-and-debt transaction. Equiniti brings nearly 3,000 issuer clients and more than 20 million shareholders. Tokenization services are expected to drive faster growth after the deal closes. Bullish Acquisition Links Digital Assets With Shareholder Records Bullish (NYSE: BLSH) announced May 5, 2026, a $4.2 billion…
Key Takeaways: Coinbase will reduce its workforce by about 14%, affecting roughly 700 employees. Restructuring costs are estimated at $50 million to $60 million, mostly for severance. Management plans smaller AI-focused teams, fewer leadership layers, and faster execution. Coinbase Cuts Jobs to Manage Costs and AI Transition Coinbase Global Inc. (Nasdaq: COIN) revealed on May…
