Bitcoin24h $94,152.91-0.37%

Ethereum24h $3,386.36+3.64%

XRP24h $2.24+3.48%

BNB24h $688.09+5.99%

Solana24h $187.89+4.97%

Dogecoin24h $0.3197+3.07%

Cardano24h $0.9056+3.28%

TRON24h $0.2512+3.17%

Avalanche24h $38.21+5.55%

Chainlink24h $23.91+8.48%

Bitcoin L2 Merlin Chain has lost $1.7 billion since June

Promoters once claimed that Merlin Chain had Bitcoin’s seal of approval but investors are tiring of its ‘layer 2’ gimmick.

Jump Crypto liquidates DeFi positions as financial woes stack up

Blockchain researchers are following evidence that suggests Jump liquidated DeFi positions and is sending proceeds to centralized exchanges.

In what has been branded a ‘governance attack,’ controversial Proposal 289 passed a Compound Finance DAO vote with a margin of 52% to 48%.

As well as admitting the error, the white hat requests that Rho Markets suggest what it’s going to do to prevent it from happening again.

DeFi darlings Dough Finance, Ethena, and Minterest were hit by major incidents last weekend proving again that the sector can be a minefield.