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The decentralized finance (DeFi) ecosystem is experiencing dramatic capital outflows after the KelpDAO protocol was exploited over the weekend. Aave, the leading DeFi lending platform, lost $8.45 billion in deposits in the past 48 hours, causing the total value locked (TVL) across DeFi to drop by $13.21 billion. TVL refers to the total dollar value…
Dr. Abdul-Sayed, who is running as a Democrat for a U.S. Senate seat in Michigan, has faced backlash online after he made several pointed criticisms of Vice President J.D. Vance’s personal life, including his relationship with Second Lady Usha Vance, during a podcast. “What do you think was going on in Usha’s head when she…
LayerZero has blamed the $290 million Kelp DAO breach on Kelp’s own security configuration, saying the Liquid recollateralization protocol ran a single validator setup that LayerZero had previously warned about. The attack uses a novel vector that targets the infrastructure layer rather than any protocol code. LayerZero initially believes that the attackers are North Korea’s…
Dana White provides the latest on Conor McGregor’s return to the UFC originally appeared on The Sporting News. Click here to add Sports News as your go-to source. UFC CEO Dana White updated boxing fans and members of the media on Conor McGregor’s status and his return to the Octagon. McGregor has been out of…
Bitcoin absorbs the rewards of Middle East risk better than oil or stocks. Bitcoin was trading at $74,335 on Monday morning, down 1.6% in 24 hours, but still up 4.8% for the week after the U.S. Navy seized an Iranian ship over the weekend and Tehran reasserted control of the Strait of Hormuz. Ethereum fell…
The post Reds’ Will Benson makes Major League Baseball history as he struggles to hold on, scoring two runs on zero pitches, originally appeared on The Sporting News. Click here to add Sports News as your go-to source. The Cincinnati Reds have a decision to make about their outfield personnel. advertise Probably soon. Reds left…
A planned fight between two “young men” escalated into a shooting at a park in Winston-Salem, North Carolina, killing two teenagers and injuring several others, most of them minors, police confirmed at a news conference Monday. The Winston-Salem Police Department said the incident at Leinbach Park began around 9:52 a.m. when officers responded to a…
The aftershocks of Saturday’s KelpDAO hack are spreading through the stablecoin market, and in ways that aren’t obvious. In the first 24 hours after the attack, Aave users borrowed approximately $300 million from their stablecoin Tether deposits Tether$1.0002 According to Chaos Labs, on the platform. The surge in borrowing is not a sign of demand;…
Independent journalist Nick Shirley captured a video released this week questioning Assembly Bill 2624, which California Republicans called the “Stop the Nick Shirley bill” during interviews with Democratic and Republican lawmakers about the scope and intent of the bill, which California lawmakers faced off against at the state Capitol in Sacramento. “If this bill passes,…
British stone. PETERSBURG, Fla. – When Sal Stewart pulls off an Elly De La Cruz-esque feat while De La Cruz is playing what he considers to be his best defensive performance, something is definitely going right for the Cincinnati Reds these days. “Every game looks a little different, but we always find a way,” Reds…