Grayscale Explains Crypto Valuation, Ranks Protocol Yields
@Grayscale ranked 10 crypto protocols by yields that account for token inflation. $CAKE led adjusted earnings yield at 14.4%; HYPE led tokenholder yield at 8%. #Update #DeFi $CAKE
Protocol
Echo Protocol Winds Down, Requires Borrowers to Repay
@EchoProtocol_ is winding down, halting new deposits and loans. Withdrawals are open; borrowers must repay by Nov. 19 or risk collateral liquidation. Only bridge swaps will remain. #Update #DeFi
Cronos Restarts After Tectonic Exploit Recovery
Cronos resumed operations after a Tectonic-related exploit led to a rollback, restoring the chain state to block time 23:49:01 UTC; loss estimates remain unconfirmed. #Update #Crypto $CRO
Ethereum Hackers Steal $2 Million from Protocol
Hackers exploited a flaw in the outdated Aztec Connect protocol, stealing over $2.1 million, highlighting ongoing DeFi security issues. Investigations by @AztecFoundation and CertiK are underway. #Breaking #Crypto
NEAR Protocol Holdings Sold by Arthur Hayes
Arthur Hayes exits all positions in $NEAR and $HYPE amid market volatility and rising energy prices, anticipating political movements against AI could impact investment dynamics. #Update #Crypto $NEAR $HYPE
NEAR Protocol Launches Post-Quantum Cryptography
@NEAR Protocol plans to deploy post-quantum signatures in its testnet by June 2026 to enhance blockchain security against quantum threats, following Google’s report on reduced resources for quantum attacks. #Update #Crypto $NEAR
Gravity Bridge Protocol Hacked $5.4M Lost
@GravityBridge was hacked, resulting in a loss of $5.4M due to compromised signing keys. Assets stolen include $USDC, $WETH, $USDT, and $PAXG. Operations are suspended for investigation. #Breaking #Crypto $USDC
Solana Launches Major Alpenglow Upgrade
@Solana’s Alpenglow consensus protocol is now live on a community test cluster, aiming to reduce transaction finalization times from 12.8 seconds to 150 milliseconds. Mainnet launch expected next quarter. #Update #Crypto $SOL
Bitcoin Transfers $700M to Chainlink
@SolvProtocol is migrating over $700 million in tokenized bitcoins from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance security following recent cross-chain bridge incidents. #Update #Crypto $LINK
Stablecoins Surge Amid Aave Crisis KelpDAO Hack
$10 billion exited Aave post-KelpDAO breach, shifting liquidity to Spark protocol (+10% TVL) and stablecoins like $USDC as safe havens. RWA platforms and liquid staking also gained. #Update #Crypto $USDC
Volo Protocol Hacked for $3.5M Compensation
@VoloProtocol suffered a security breach, losing $3.5M from vaults holding $WBTC, $XAUm, and $USDC. They froze $500K and are committed to covering user losses. #Breaking #Crypto $USDC (-8) ↘
KelpDAO Loses $293M in Massive Hack
A hack on @KelpDAO’s liquid restaking protocol resulted in a $293 million loss, impacting the $rsETH token and causing nine DeFi protocols to pause operations. #Breaking #DeFi $rsETH (-8) ↘
Tether Offers $127M to Drift Protocol
In early April, @DriftProtocol was hacked, losing $295.7M; Circle did not freeze assets. Tether offered $127.5M for recovery. Attack linked to North Korean hackers using social engineering. #Breaking #Crypto $USDC
AI Impact Forces Story Protocol Developer Layoffs
@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