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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Houston Irks Texas Gov. Greg Abbott by Reminding Cops To Comply With the Fourth Amendment

Two weeks ago, the Houston City Council enacted an ordinance clarifying the extent to which local police can cooperate with federal immigration enforcement. The order states that when police detain a pedestrian or driver, they may not extend the stop simply because a background check reveals a civil administrative order issued by Immigration and Customs…

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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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