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Decentralized finance (DeFi) researchers mapped out more than $284 million in stablecoin exposure and outstanding loans linked to Stream Finance, following the protocol’s collapse. On Tuesday, a detailed post by DeFi group Yields and More (YAM) flagged dozens of lending markets and vaults, including platforms Euler, Silo, Morpho and Gearbox, that held positions connected to Stream’s synthetic assets, which include xUSD, xBTC and xETH. The data highlighted the extent of the fallout. Exposure loops involving Elixir’s deUSD, Treeve’s scUSD and other assets suggested that at least $284.9 million in overall debt is owed to lenders across various markets. This excludes indirect exposure…

The onchain transactions of the exploiter behind the $116 million Balancer hack point to a sophisticated actor and extensive preparation that may have taken months to orchestrate without leaving a trace, according to new onchain analysis.The decentralized exchange (DEX) and automated market maker (AMM) Balancer was exploited for around $116 million worth of digital assets on Monday.Blockchain data shows the attacker carefully funded their account using small 0.1 Ether (ETH) deposits from cryptocurrency mixer Tornado Cash to avoid detection. Conor Grogan, director at Coinbase, said the exploiter had at least 100 ETH stored in Tornado Cash smart contracts, indicating possible…

The cryptocurrency market has been struck by another wave of red candles, plunging 4.1% in the past 24 hours. Bitcoin, Ethereum, and Dogecoin have all suffered notable declines, with all large market-cap cryptocurrencies falling below support levels that held last week.  The downturn gained momentum after claims surfaced on X suggesting that Wintermute, one of the industry’s largest market makers, was preparing to sue Binance over alleged issues linked to the October 10 crash. Rumors Of A Lawsuit Against Binance Add To Anxiety Market unease deepened after rumors circulated on X claiming that Wintermute, one of the industry’s leading market…

Opinion by: Neeraj Srivastava, chief technology officer at MNEEWhen they first emerged, stablecoins were pitched as a revolution in payments. Traditional banking rails often take one to four days to settle debit card transactions (and weeks for wire transfers) and charge you a hefty sum for the service. Stablecoin settlements wouldn’t just be faster and cheaper; they’d be near-instant and cost almost zero. Unfortunately, we can’t really claim they’ve lived up to that promise. While transaction settlement times have been significantly decreased, they still vary substantially depending on the blockchain used. Ethereum, the home to the vast majority of the stablecoin supply,…

As the crypto market stumbles, institutional investors are pulling billions from Bitcoin and Ethereum ETFs, while newly launched funds attract fresh capital. Summary Bitcoin and Ethereum ETFs are posting huge outflows as market prices crash. BTC-tracking funds saw $186.51 million in outflows on Nov. 3, entirely from BlackRock’s IBIT. Ethereum ETFs lost $135.76 million on the same day; BlackRock’s ETHA led with $81.70M outflow. Solana, Hedera, Litecoin ETFs posted inflows of $70.05M, $22.06M, and  $855,880, respectively. Investor sentiment around crypto ETFs continues to sour as Bitcoin and Ethereum-based exchange-traded funds witnessed outflows for the fourth consecutive day. Bitcoin ETFs led…

Digital asset treasuries will soon evolve beyond being “static vaults” for well-known cryptocurrencies and instead look to offer tokenized real-world assets, stablecoins and other assets that generate yield, according to crypto executives. “The next phase of Web3 treasuries is about turning balance sheets into active networks that can stake, restake, lend, or tokenize capital under transparent, auditable conditions,” said Maja Vujinovic, the CEO of Ether (ETH) treasury company FG Nexus. “The lines between a treasury and a protocol balance sheet are already blurring, and the firms that treat treasuries as productive, onchain ecosystems will be the ones that outperform.”The number of crypto…

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career…

Investor demand for financial privacy is fueling a rally in privacy-preserving cryptocurrencies, signaling renewed interest in self-sovereign blockchain transactions.The market capitalization of privacy-preserving cryptocurrencies rose by about 80% over the past week to briefly surpass $24 billion earlier on Monday before retracing 2.9% to $23.7 billion at the time of writing, according to data aggregator CoinGecko.Dash (DASH) and Zcash (ZEC) were among the best-performing privacy coins last week, with 65% and 9.55% gains, respectively.The privacy coin rally occurred despite a wider crypto market downturn, which saw the total crypto market cap decline by 3.7% over the past week, from $3.96…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum (ETH) remains under notable bearish pressure, trading around $3,710 after dropping 4.5% in the past 24 hours. Related Reading: Crypto Exchanges Brace For EU Power Shift Toward Central Regulation The asset has struggled to maintain its uptrend, slipping below the $3,800 level and testing the critical $3,715 support zone. Analysts note that this level has been retested multiple times since October, serving as a key battleground between bullish and bearish sentiment. Technical indicators such as the Relative Strength Index (RSI) and MACD show weakening momentum, suggesting…

Bitcoin mining company Cipher Mining surged more than 34% after revealing a new 15-year deal with tech giant Amazon, adding to a wave of partnerships between major technology companies and crypto miners.The 15-year lease agreement with Amazon Web Services, valued at $5.5 billion, requires Cipher to provide turnkey space and power for AI workloads in two phases, starting in July and August next year, the Bitcoin (BTC) miner announced on Monday.Cipher Mining also posted a significantly narrowed net loss of $3 million and a rise in adjusted earnings of $41 million for the third quarter, compared with a net loss…