Raft Suffers $3.3M Exploit That Drove Down Stablecoin 50%, but Hacker Likely Lost Money on Attack
Raft’s R stablecoin lost its dollar peg, dropping as much as 50% in the immediate aftermath of the exploit.
Technology
Ethereum Fees Briefly Jumped to $100 After BlackRock’s ETH ETF Filing
Fees spiked to as high as 270 gwei late on Thursday, the data shows, temporarily touching a level last seen in June 2022.
Venture Capital Lightspeed Faction Starts $285M Fund for Blockchain Startups
The new fund will focus mainly on early-stage crypto projects, participating in seed-stage and Series A funding rounds.
Blockchain Staking Firms Update Best Practices Amid ‘Increased Scrutiny’
The new “staking principles,” published by the Proof of Stake Alliance, aim to ensure consumer protections and promote innovation. Signers include Lido, Coinbase, Rocketpool, Blockdaemon.
Cardano-Based DEX MuesliSwap to Open Refund Site ‘Soon’ as Some Users Voice Concerns
The DEX previously said traders lost a significant amount of ADA due to a “misunderstanding” about how the platform operates, but confirmed it would refund losses at the time.
Arbitrum Voters Polarized Over ‘Research’ Pitch With $2M Price Tag
Proposed coalition of professional researchers could help “accelerate decision-making” at the Ethereum layer-2 project, but complaints have surfaced over the cost and potential conflicts of interest.
The Protocol: Kraken Awakens – as Ethereum L2 Candidate
In this week’s edition of The Protocol newsletter, we explain how Kraken is reportedly considering launching its own layer-2 blockchain, following Coinbase’s recent launch of a similar network, amidst a broader trend of companies creating Ethereum-based transaction solutions.
The Graph, Known as ‘Google of Web3,’ Plans AI-Assisted Querying
The blockchain indexing protocol released a new roadmap to add features, in one of the project’s biggest upgrades since a $50 million fundraising in 2022.
Kraken Said to Seek Partner to Help Build It a Layer 2 Blockchain Network
The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation. Rival crypto exchange Coinbase blazed the trail with Base.
