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The Protocol: Kelp DAO exploited for $292 million

network news KELP DAO vulnerability: A cross-chain bridge holding nearly a fifth of the re-staking Ethereum circulating supply has just been depleted, and the impact is spreading across DeFi faster than the Kelp DAO contract suspension. Over the weekend at 17:35 UTC, an attacker drained 116,500 rsETH (recollateralized Ether) from Kelp DAO’s LayerZero-powered bridge, worth…

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Banks seek to slow down implementation of crypto’s GENIUS Act on stablecoin oversight

The cryptocurrency industry often finds bankers involved in its most important regulatory efforts, and this time, a coalition of banking industry associations asked the U.S. Treasury Department to extend the window for public participation in the implementation of last year’s U.S. Stablecoin Guidance and Establishing a National Innovation Act. In a letter this week to…

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What smart people are saying about SpaceX’s $60 billion deal with Cursor: ‘The Hunger Games have just begun’

SpaceX said on Tuesday it was partnering with artificial intelligence coding startup Cursor. The deal gives Cursor access to SpaceX’s computing resources. Here’s what smart people in the business and tech world are saying about the multibillion-dollar deal. SpaceX’s multibillion-dollar deal with artificial intelligence coding startup Cursor marks a huge step for Elon Musk and…

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