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Ethena’s USDe expands by 75% as growth turns vertical in July

Ethena’s USDe expands by 75% as growth turns vertical in July

Ethena's USDe saw peak supply growth in July, surpassing Sky Protocol's USDS. USDe is now closing on a supply of $10B, becoming the most prominent ...
What are the additional risks for Ethena Labs in July?

What are the additional risks for Ethena Labs in July?

Ethena Labs has a more favorable risk profile in July, but may need bigger reserves to withstand worst-case scenarios.
Can Ethena Backing USDe With Bitcoin Crash Market Like Terra-LUNA?

Can Ethena Backing USDe With Bitcoin Crash Market Like Terra-LUNA?

Ethena Labs announced to back its USDe synthetic dollar with Bitcoin and some crypto experts have raised red flags on the move as it may crash the ...
Hackers used Tornado Cash to launder money, costing Prism Finance $11.6 million.

Hackers used Tornado Cash to launder money, costing Prism Finance $11.6 million.

Prisma Finance was the victim of an attack targeting its DeFi platform, netting hackers $11.6 million in the middle of a complex cyberspace. Securi...
Prisma Finance Hacker Moves Funds to Tornado Cash

Prisma Finance Hacker Moves Funds to Tornado Cash

The recent movement of $2.6 million to TornadoCash by the Prisma Finance hacker has sent shockwaves through the DeFi community. This significant tr...
Prisma Finance $11.6 million exploit leads to asset value plummet, mkUSD stablecoin instability

Prisma Finance $11.6 million exploit leads to asset value plummet, mkUSD stablecoin instability

Ethereum liquid restaking platform Prisma Finance said its vaults were exploited earlier today for an undisclosed sum. According to the protocol: “...
Prisma Finance Suffers Exploit, Drained $11 Million

Prisma Finance Suffers Exploit, Drained $11 Million

Decentralized lending protocol Prisma Finance has suffered a major exploit with losses above $11 million sparking concerns for the wider crypto com...