Venus Protocol Hit by $3.7M Supply Cap Attack
@VenusProtocol has paused all borrows and withdrawals for the Thena ($THE) token due to a supply cap attack resulting in over $3.7M lost; $THE price dropped 17% to $0.2255. #Breaking #Crypto $THE (-8) ↘
Discusses advancements, use cases, and technical aspects of blockchain technology, not limited to financial applications.
@VenusProtocol has paused all borrows and withdrawals for the Thena ($THE) token due to a supply cap attack resulting in over $3.7M lost; $THE price dropped 17% to $0.2255. #Breaking #Crypto $THE (-8) ↘
@PIPLabs has reduced its workforce by 10%-15% to enhance AI integration, affecting eight employees. This aligns with industry trends as companies like Block also cut staff for AI solutions. #Update #Crypto
Venus Protocol is probing a $3.7M exploit on BNB Chain after an attacker used the illiquid $THE token as collateral, triggering large liquidations. #Breaking #Crypto $BNB
Bitcoin faces resistance at $74,000 but may reach $82,000 soon, according to analyst Ali Martinez using UTXO Realized Price Distribution data. #Update #Crypto $BTC
Over $235 million was raised by 12 projects in the crypto space, including @KAST with $80M for payment platform expansion and @OmniPact with $50M for P2P protocols. #Update #Crypto $KAS
PIP Labs, behind Story Protocol, cuts 10% workforce amid AI focus; $STRK token falls 86% this year. #Update #AI
Ripple’s financial infrastructure could transform the $3.7 quadrillion annual transaction system, potentially boosting $XRP to $3,700 with increased adoption. #Update #Crypto $XRP
Blockchains are competing to launch perpetual futures exchanges, with @BNBChain’s Aster and Decibel on Aptos gaining traction; however, liquidity remains concentrated in a few dominant platforms. #Update #Crypto $BTC $ETH
The Institutional Markets Summit in Istanbul on June 2, 2026, will unite regulators, banks, and funds to discuss digital asset integration into finance, focusing on liquidity and blockchain in capital markets. #Update #Crypto
@Coinbase-backed x402 aims to revolutionize micropayments for AI agents, but current daily transaction volume is only $28,000, raising concerns about demand. #Update #Crypto $LINK
BNB Chain handles 40% of global stablecoin transactions, leading in small-value transfers and monthly unique senders, surpassing Ethereum and Tron. #Update #Crypto $BNB
@LTVProtocol has paused operations due to a significant oracle pricing error for wstETH on Aave, risking forced liquidations for over 10,000 ETH positions. #Update #Crypto $ETH
Anthropic sues US Department of Defense over “supply chain risk” label, affecting $200M Pentagon deal. Google and Microsoft continue support for non-defense AI use. #Update #Legal
Paris Blockchain Week 2026 highlights digital assets’ role in Europe’s financial capital, aligning with global Web3 trends. #Update #Blockchain