How Did The MAYAChain Exploit Happen? Maya Protocol halted trading on its MAYAChain network after a series of software bugs created a false balance in a liquidity pool, allowing an attacker to extract nearly $1.7 million while triggering losses of about $10.9 million across the network’s pools. The attacker obtained roughly 20 BTC, worth about
India’s government has opened the door to bringing merchant fees back to Unified Payments Interface transactions, potentially ending a six-year experiment in which the country’s dominant digital-payment rail was effectively free for both consumers and merchants. The change does not mean ordinary UPI users are being charged. The government has repeatedly said person-to-person payments will
Compound Foundation has unveiled a new leadership team and a $52 million DAO-approved development program aimed at repositioning one of decentralized finance’s oldest lending protocols as infrastructure for institutional credit. Announced August 17, the two-year program is the largest development commitment in Compound’s history and will fund engineering, institutional integrations, risk infrastructure and growth initiatives.
Microsoft (NASDAQ: MSFT) fell about 3% on Monday, August 17, closing near $480 after Morgan Stanley put a credit lens on the AI spending boom and the market sold the most visible name attached to it. The stock steadied in Tuesday’s pre-market, trading around $483, but the one-day drop is the signal worth reading, because
Klarna (NYSE: KLAR) reported second-quarter results before the open on Tuesday, August 18, and the numbers beat: revenue of $1.042 billion, up 27% year over year and above its own $960 million to $1 billion guide, with a swing to net income of $9 million and earnings of $0.01 per share, from a $53 million
How Sharp Was The First-Half Decline? South Korea’s two largest cryptocurrency exchanges, Upbit and Bithumb, reported steep declines in first-half revenue and profit as weaker digital asset prices and lower trading activity cut into their core businesses. Upbit parent Dunamu reported consolidated operating revenue of 408.1 billion won ($289 million) for the first half of
U.S. spot Bitcoin exchange-traded funds recorded $56.2 million in net outflows on August 14, extending a multi-day run of withdrawals even as selling pressure moderated from the previous session. Farside Investors data show BlackRock’s iShares Bitcoin Trust, or IBIT, accounted for virtually the entire negative result, recording $55.5 million in redemptions. Fidelity’s FBTC lost another
Bitcoin’s repeated inability to hold above $65,000 is becoming increasingly significant after a another major rejection reinforced the level as the defining resistance zone for the cryptocurrency’s attempted recovery. BTC approached or briefly traded above $65,000 several times during its latest rebound but repeatedly failed to establish sustained acceptance above the level. Following the latest
Berkshire Hathaway spent three years hoarding cash, and in the second quarter of this year, it started spending. The conglomerate was a net buyer of stocks for the first time in 14 quarters, and the single biggest reason was Alphabet: Berkshire added about $17 billion of the Google parent, vaulting it into the three largest
Why Is Binance Facing Questions Over Russian Client Data? Binance provided Russian law enforcement with transaction details linked to cryptocurrency donations to Ukrainian fundraising campaigns, according to law enforcement documents, raising questions about the exchange’s continuing cooperation with authorities after saying it had fully exited Russia in 2023. The documents concern Yuri Belenkiy, a 49-year-old