Author: driver789

Decentralized finance protocol Aave said it is introducing a new feature to block swaps with a price impact above 25% after a user lost $50 million in a trade while interacting with Aave’s interface last week. “We are soon deploying a new feature, Aave Shield, which provides more protections for users who use the swap feature in the Aave interface aave.com,” Aave said in a post-mortem statement on Saturday.Aave said users would need to manually disable the Aave Shield protection feature to proceed with high-risk trades.The incident occurred on Thursday, when the user went to convert $50.4 million worth of USDt…

Leah Callon-Butler recently wrote that crypto’s rock-and-roll era is over, and she’s mostly right about the arc. But I lived inside the music industry when rock and roll actually died, and there’s more to the story.I was a product lead at Universal Music during the torrent era. I sat in the rooms where executives decided to sue grandmothers instead of building Spotify. I watched them spend more on lawyers than on artists. And eventually, I got fired for pointing out that we’d already lost.So when someone uses rock and roll as a metaphor for what’s happening in digital assets, I…

Daily transaction volume on the XRP Ledger has surged to almost 3 million as of this week, a near-tripling of the approximately 1 million transactions recorded per day in mid-2025, according to data published by Evernorth, the largest public XRP treasury company. XRP Ledger Activity At Record Levels Recent data shows the XRP Ledger is now processing almost 3 million transactions daily, making it one of the busiest periods in the network’s history. The increase places current activity far above levels recorded earlier in the cycle, especially in the mid-2025 months, when XRP was pushing to new all-time highs.  Related…

Ethereum co-founder Vitalik Buterin posted a proposal, or a pull request, on Saturday that would merge the backend programs used by nodes to interact with Ethereum’s Beacon Chain, which handles consensus and staking, and the protocol’s execution layer into one unified code structure to simplify node setup.Ethereum node runners, also called validators, currently have to run two separate programs, which each require setup and synchronization to coordinate and communicate the data produced by Ethereum’s consensus and execution layers.This raises the technical complexity of running a node or providing validation services for the Ethereum network, preventing ordinary users from running their…

The regulatory provisions outlined in the US Digital Asset Market Structure Clarity Act, otherwise known as the CLARITY Act, threaten to give large financial institutions control over crypto, according to Dr. Friederike Ernst, co-founder of the Gnosis blockchain protocol.Regulations in the CLARITY crypto market structure bill assume that activity must pass through centralized intermediaries, which risks consolidating crypto rails in the hands of a few entrenched players, Ernst told Cointelegraph.The preface of the CLARITY crypto market structure bill. Source: United States Congress“Blockchain’s real breakthrough was not just a new financial infrastructure. It was the ability for users themselves to become…

Though we’re still waiting on a lot of the formal rulemaking and proposed rulemaking from the federal securities and commodities regulators, last week’s memo is another sign that the SEC and CFTC are at least serious about signalling these efforts are coming.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.The narrativeThe U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission formally agreed to work more closely together to explain how they’d oversee crypto and other issues.Why it mattersThe agencies continue to signal that…

A prominent XRP holder is calling out what he says is a deliberate and recurring scheme to push the token’s price up before US markets open — then drive it back down once trading begins. Related Reading The claim has split the XRP community between those who see a coordinated attack and those who say the data points to something far more routine. A Chart, A Pattern, And A Name For It The community figure at the center of the debate goes by Arthur online. He posted a historical price chart showing XRP surging toward key resistance levels in the…

Venus Protocol, a decentralized lending and borrowing platform, said on Sunday it had detected suspicious trading activity in the liquidity pool for the Thena (THE) token, the native cryptocurrency of the Thena decentralized finance platform.The unusual trading activity only affected pools for the Cake (CAKE) token, the native cryptocurrency of the PancakeSwap decentralized exchange, and the Thena token, according to an announcement from Venus Protocol. The Venus team said:“As we continue to investigate the unusual activity in the THE pool, we are taking precautionary action by pausing all THE borrows and withdrawals effective immediately, to prevent any further misuse. This…

Venus Protocol, a decentralized lending and borrowing platform, said on Sunday it had detected suspicious trading activity in the liquidity pool for the Thena (THE) token, the native cryptocurrency of the Thena decentralized finance platform.The unusual trading activity only affected pools for the Cake (CAKE) token, the native cryptocurrency of the PancakeSwap decentralized exchange, and the Thena token, according to an announcement from Venus Protocol. The Venus team said:“As we continue to investigate the unusual activity in the THE pool, we are taking precautionary action by pausing all THE borrows and withdrawals effective immediately, to prevent any further misuse. This…

TLDR: U.S. oil companies are projected to earn $63 billion in additional cash flow in 2025 alone. Oil prices surged from $70 to over $100 per barrel following the U.S.-Iran conflict on Feb. 27. Exxon and Chevron are keeping capital spending flat, directing profits to wealthy shareholders instead. Economists now place the probability of a U.S. recession at 25% as energy-driven inflation rises fast. Oil prices have surged past $100 per barrel after hostilities between the U.S. and Iran began on February 27. The spike has positioned U.S. oil companies to record some of their highest profits in years. American…