Author: Yeek.io

zkLend, a decentralized lending protocol built on Starknet, has officially shut down operations following a $9.5 million exploit. The team announced it will use its remaining $200,000 treasury to support affected users through a recovery fund. The decision comes after the delisting of the platform’s native token, ZEND, from major exchanges.How $9.5M Exploit and Delistings Prompt zkLend ShutdownIn a message to its community, zkLend said the choice to wind down operations was difficult but necessary. The platform was hit by a significant exploit that compromised user confidence and platform integrity. Dear zkLend Community,It is with a heavy heart that we…

Blockchain technology is set to underpin the next era of global finance, transforming everything from stock trading to interbank settlement. While the underlying technology is ready to support mainstream adoption, the current user experience can be improved. A lack of secure infrastructure powering frontend tools has left users vulnerable and created a barrier to adoption.  What’s needed are highly secure tools that build upon reliable infrastructure. Payments are a critical first step toward the broader adoption of the blockchain economy, as payments provide an entry point to the onchain economy and support the use of additional use cases. According to…

Two of crypto’s most trusted names just made Ethereum staking simpler and potentially more rewarding. By embedding MEV Max directly into Ledger Live, they’re cutting out the inefficiencies that plague traditional staking setups. According to a June 25 press release shared with crypto.news, Ledger has integrated Chorus One’s MEV Max Vault into its Ledger Live platform, allowing users to stake Ethereum (ETH) with MEV-boosted rewards directly from their hardware wallets. The move allows Ledger users to access Chorus One’s high-performance staking infrastructure natively through the “Earn” and “Discover” sections of the app. It eliminates the need for third-party dashboards or…

The attacker(s) that exploited the Cork protocol for millions earlier this year has resurfaced to launder their loot and make a surprise donation. On Wednesday, June 25, blockchain security firm PeckShield Alert flagged renewed activity from wallet addresses tied to exploiters of the decentralized finance platform Cork Protocol. The movements marked the first recorded from the hacker since draining roughly $12 million from the protocol in May. The first transaction saw 1,410 ETH (ETH), worth around $3.2 million, sent to Tornado Cash, the infamous crypto mixing service commonly used by cyber attackers to obscure transaction trails. Shortly after, the attacker…

Fuzzland has disclosed a $2 million insider attack that targeted Bedrock’s UniBTC protocol in September 2024, was carried out by a former employee who used malware, social engineering, and privileged access to compromise internal systems.Fuzzland has taken full responsibility for the breach and reimbursed all affected parties.Insider Access Used in $2M Bedrock Protocol ExploitFuzzland, in a post on X, revealed that a past employee exploited the UniBTC protocol via a sophisticated insider operation. The individual joined the company under the guise of a skilled MEV developer and later inserted a trojan into Fuzzland’s MEV codebase using a malicious Rust crate…

Ethereum’s recent bounce off local lows has brought it back into a heavily contested resistance zone. With market structure compromised, reclaiming $2,600 is now critical for the bulls to stay in control. After establishing a local bottom at $2,111, Ethereum (ETH) staged a sharp rebound. However, this move appears to be more of a short squeeze than a genuine trend reversal. Price has now rallied into a key resistance zone at $2,600, an area packed with technical confluence and historical relevance. For ETH to regain upward momentum, it must close above this level with conviction. Key technical points $2,600 Resistance…

Welcome to the DeFiChain News Show summary – your go-to source for all the latest happenings in the DeFiChain ecosystem.Each week, we bring you the most important updates, developments, and critical announcements that every DeFiChain community member needs to know.In this edition, we cover the ongoing tokenomics discussion, the revamp of the website, and Crypto Factor’s expansion with a dedicated Labs division.The DeFiChain community has initiated constructive discussions around tokenomics improvements in a collaborative chat called “Future.” This open forum allows all community members to participate directly in shaping the project’s economic framework.Key Discussion Points:Activation of decentralized real-world asset systemsStability…

The Nasdaq-listed SharpLink Gaming is doubling down on its Ethereum treasury strategy with yet another major purchase. SharpLink Gaming has announced the addition of another 12,207 ETH (ETH) to its growing Ethereum holdings, spending approximately $30.67 million at an average price of $2,513 per token. The purchase follows a much larger buy just over a week earlier, when the firm acquired around 176,270.69 for approximately $463 million. With the latest acquisition, SharpLink’s total ETH holdings now stand at 188,478, making it the largest publicly traded Ethereum holder in the world and the second-largest holder globally. SharpLink Chairman Joseph Lubin emphasized…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum whales have been very active lately, suggesting that the recent Ethereum price decline could have been driven by these large holders. This is especially important now that the altcoin’s price has been driven toward new monthly lows and selling pressure continues to mount. If these whales do not let up anytime soon, then it could be the trigger for the Ethereum price to lose the $2,00 support. ETH Whale Volumes Surge 55% According to data from IntoTheBlock, the Ethereum whales have roused from their recent slumber…

U.S. spot Bitcoin exchange-traded funds neared a two-week inflow streak on Tuesday, as geopolitical tensions eased and institutional interest continued to drive demand. According to data from SoSoValue, the 12 U.S. spot Bitcoin ETFs drew a combined $588.55 million in inflows on June 24. This marked the strongest single-day performance in over a month and extended the current streak of consecutive inflows to 11 days, totaling more than $3.3 billion. BlackRock’s IBIT led the day with $436.32 million in inflows, accounting for nearly three-quarters of the total. Fidelity’s FBTC and ARK Invest’s ARKB followed with $85.16 million and $43.85 million,…