Cosmos Labs Urges EVM Chains To Halt As Shared Bug Drains Three Networks
Cosmos Labs recommended on Tuesday that any public blockchain running a version of its Cosmos EVM module below v0.6.2 or v0.7.2 “immediately halt the blockchain and upgrade it to include the patches in those releases.” The post went up at 11:19 a.m. New York time and asked teams that have not… Read the full story […]
Term Finance Permanently Shuts Meta Vaults After Exploit PeckShield Estimated at $8.5 Million
Term Labs said all Term Meta Vaults have been shut down and DAO governance roles revoked after a governance exploit hit the vault product, while withdrawals remain open. In an Aug. 23 update, Term said the shutdown is irreversible and permanently prevents further deposits. The update did not… Read the full story at The Defiant
Bitwise Launches Self-Custodied Tokenized Stock Portfolio on Base
Bitwise launched Automated Token Portfolios (ATPs) on Tuesday, giving eligible investors outside the U.S. a way to hold Coinbase-issued tokenized stocks directly in their own wallets on Base while Glider automatically keeps the holdings aligned with Bitwise’s model. The product extends Coinbase’s… Read the full story at The Defiant
LayerZero Unveils ATLAS Exchange Engine
LayerZero introduced ATLAS on Tuesday, an exchange engine built on its Zero blockchain that provides matching, clearing, settlement and risk management to trading venues. The product has no frontend or consumer application of its own. The design moves LayerZero from carrying assets between chains… Read the full story at The Defiant
Pendle Oracle Move Liquidates $36 Million
Trades in a thinly traded Pendle yield market triggered $36.1 million of liquidations on Morpho early Tuesday, closing out leveraged positions in about 14 minutes while leaving lenders whole. Pendle and vault curator Steakhouse Financial both said the price feed did what it was built to do. The… Read the full story at The Defiant
Ex-X Product Chief Says Trade Buttons Coming
Nikita Bier, who ran product at X for 13 months until Aug. 5 and now advises the company, said trade buttons are coming to the crypto charts embedded in X posts. He gave no timeline. The claim has no corporate backing. X’s public record on crypto products — the Cashtags launch, its roadmap, its… Read […]