The Protocol: Ethereum Foundation’s high-profile departures spark fresh debate
Also: Citi on quantum computing and bitcoin, Jump Crypto’s Firedancer, and Vitalik Buterin on AI verification
Ethereum News
Bitcoin, ether, XRP rebound as Senate curbs Trump’s Iran war powers
Bitcoin climbed to about $77,200, while XRP, ether and solana also gained as Treasury yields and oil fell.
The Ethereum Foundation is facing a wave of high-profile departures as its internal shakeup deepens
The turnover comes as the foundation undergoes an internal transition tied to a new organizational mandate aimed at redefining its role within Ethereum.
Aave restores ether borrowing limits after $230 million exploit
The DeFi lending protocol reversed restrictions imposed after April’s $292 million exploit, restoring borrowing capacity across six networks as contagion fears ease.
Crypto traders betting on a rally lose $563 million in liquidations. Ether and bitcoin suffer the most
Ether and bitcoin led liquidations, as their prices dropped on macroeconomic concerns.
Yet another crypto bridge falls victim to an $11 million hack
The latest attack adds to growing string of cross-chain infrastructure exploits.
The $293 million KelpDAO hack shows why DeFi is finally being forced to grow up
For protocol founders and security researchers, the incident reinforced a broader shift underway across crypto: DeFi is no longer primarily battling coding bugs. It’s battling complexity.
The Protocol: Solana’s ‘Alpenglow’ upgrade is live for testing
Also: LayerZero apology, Ronin layer-2 transition and ‘Clear Signing’
The Ethereum Foundation unveils new ‘Clear Signing’ standard to stop users from approving malicious crypto transactions
The move comes after billions in losses from phishing attacks and wallet drains, with Ethereum pushing to make transaction approvals safer and easier to understand.
Judge clears path for Aave to move $71 million in ETH linked to North Korea hack
Judge Margaret Garnett allowed frozen exploit funds on Arbitrum to move to Aave, but the legal freeze follows the assets as terrorism plaintiffs continue their claim.