11 May 2025, 16:05

Lido Finance Initiates Emergency Vote After Chorus One Oracle Node Leak, 1.4 ETH Stolen from $23 Billion Protocol

Lido Finance has announced a suspected private key leak involving its oracle node operated by Chorus One. In response, the Lido DAO will initiate an emergency vote to replace the affected oracle node. Despite the exposure, the protocol remains secure and stakers are unaffected. The incident involved hackers gaining access to one of the addresses of the Lido oracle multisig, but only draining a small amount of 1.4 ETH, raising questions about the hackers' intentions given the protocol's $23 billion value. Lido's oracle system operates with a 9-of-5 multisig setup, and the leak was detected after a developer received a low balance alert. The situation is under investigation, and the DAO is taking immediate steps to mitigate any potential risks. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

11 May 2025, 15:57

Crypto Weekly Roundup: Ethereum Pectra Upgrade Goes Live, Meta Mulls Stablecoins, & More

This last week we saw Ethereum rolling out its Pectra upgrade to enhance staking and scalability. Furthermore, Meta is revisiting crypto with stablecoin plans, as institutional interest in altcoins, tokenized real estate, and Web3 projects accelerates. Meanwhile, regulators remain active, with Arizona creating a Bitcoin reserve and the SEC postponing a decision on a Litecoin ETF. Let’s find out more. Bitcoin Bhutan has partnered with Binance Pay and DK Bank to launch the world's first national crypto-based tourism system that will allow travellers with Binance accounts to pay for services like hotels and tickets using over 100 crypto assets. Ethereum The Ethereum blockchain has officially launched its Pectra upgrade, introducing a suite of changes designed to enhance staking capabilities, improve user experience, and significantly boost scalability. Business Meta is reportedly revisiting its cryptocurrency ambitions, exploring stablecoin integrations for payment services across its platforms after a three-year retreat from the sector. Alex Mashinsky, the former chief executive of defunct crypto lending platform Celsius, has been sentenced to 12 years in prison for his role in a sweeping fraud that contributed to the platform’s collapse and inflicted billions in losses on investors. Two major players in the digital asset investment space, Bitwise and 21Shares , have made fresh moves to diversify beyond flagship cryptocurrencies like Bitcoin and Ethereum, signaling growing institutional interest in layer-1 protocols and platform tokens. Japanese investment firm Metaplanet has further strengthened its position in the cryptocurrency market, acquiring an additional 555 Bitcoin for approximately $53.4 million. Web3 KuCoin Pay and WLTG, founded by football legend Patrice Evra, have announced a groundbreaking partnership that blends blockchain, AI, and social impact to empower fans worldwide through seamless crypto payments, AI-driven fan engagement, and a global Pay It Forward movement. MyDoge, the development team behind DogeOS, has announced the successful capital raise of $6.9 million to expand the DogeOS ecosystem in a funding round led by Polychain Capital, a premier investment firm focused on Web 3 projects. Mavryk Dynamics has secured an agreement with investment firms MAG and Multibank Group that will see $3B of tokenized real estate issued on Mavryk Network, giving serious momentum as the Layer 1 chain gets up to speed. The blockchain composability startup Enso is collaborating with cross-chain interoperability protocols Stargate Finance and LayerZero to ensure liquidity flow from Ethereum into Uniswap’s dedicated Layer-2 network, Unichain. Regulation Representatives from BlackRock, the world’s largest asset manager, met with officials from the United States Securities and Exchange Commission (SEC) to seek regulatory guidance and clarity on staking, tokenization, and approval frameworks for exchange-traded products (ETPs). Arizona has officially established a state-managed Bitcoin and Digital Assets Reserve after Governor Katie Hobbs signed House Bill 2749 into law to convert profits from unclaimed financial property into Bitcoin and other digital assets. The SEC has delayed its decision on whether to approve a proposed spot Litecoin exchange-traded fund (ETF) from Canary Funds. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice

11 May 2025, 15:40

Pump.fun deposits $22.8 million in SOL to Kraken amid renewed protocol activity

Solana-based memecoin deployer Pump.fun has transferred 132,000 SOL worth around $22.88 million to Kraken. The move continues the protocol’s practice of selling off SOL, which is collected as transaction fees. According to EmberCN, Pump.fun has sent SOL to Kraken every week or two after accumulating transaction fees. The popular memecoin launchpad had already deposited 105,233 SOL tokens worth around $16 million to Kraken on May 3. Pump.fun recent SOL sales (Source: EmberCN) EmberCN said: “Pump.fun will transfer these SOLs to Kraken after accumulating one to two weeks of transaction fee income.” With the recent sale, Pump.fun has sold over $38 million worth of SOL this month alone. While this reflects its selling behavior, the fact that it deposited a higher amount of SOL in its latest transfer than more recent ones suggests that it might be seeing a resurgence in activity, driving up its transaction fees. Data from Dune Analytics support this, with the protocol seeing an increase in its daily volumes this month. In the last 24 hours alone, over 26,000 tokens have launched on the protocol. Pump.fun sells over $700 million SOL in more than a year While the recent selloffs by Pump.fun are not surprising, the timing brings back the debate over the impact of the memecoin launchpad on the Solana ecosystem. On the one hand, the platform allowed Solana to become the leading network for memecoins, thereby boosting the chain activity. However, concerns about how Pump.fun is only extracting value from the Solana ecosystem have grown with every SOL sale by the protocol, with many believing it has caused more harm than good. Despite the differing opinions, the one clear thing is that Pump.fun SOL sales represent a major selling pressure for the token. Interestingly, the platform has sold 3.868 million SOL tokens worth over $701.76 million in more than a year, with an average price of $183.3. Its latest sales even coincide with the SOL price resurgence, leading to speculation that it might be taking profits. The token has seen a 45% rise in value in the last 30 days, making it one of the best performers in that period. Meanwhile, SOL is now trading around $171, with its value steady over the last 24 hours despite the recent sell-offs by Pump.fun. Although the token is still down 11% year-to-date, many see the recent gains as a sign of optimism and resurgence. Memecoins are up 82% in average price in the last four months SOL’s positive performance reflects the gains of the memecoin sector in recent weeks. According to CoinMarketCap, the sector has seen an increase of 58.78% in its market cap over the last 30 days, while the average price has also increased by 82.43%. Almost all the major cap memecoins, starting from the leading token DOGE, have recorded at least double-digit gains in the past month. Outliers such as WIF, PENGU, BRETT, and PNUT have even seen over 100% increase in value. While the broader market performance has also influenced memecoin gains, the sector’s substantially higher growth during the period suggests that investors might be interested in memecoin again. Still, not everyone is sold on memecoins. A recent report by Solidus Labs claims that 98.6% of tokens launched on Pump.fun are pump and dump schemes or rug pull while. It added that only 97,000 of the seven million memecoins launched through the platform had maintained at least $1,000 liquidity. The report represents a criticism of a sector many believe exemplifies everything wrong with the crypto industry, where bad actors continue to embezzle billions and retail investors leave with losses. However, Pump.fun has pushed back on the criticisms, stating that the long-term worthlessness of memecoins is a feature, not a bug. The protocol spokesperson, Troy Gravitt, stated that a functioning marketplace for those who want to trade is more important. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now

11 May 2025, 15:01

Why Wall Street Won’t Embrace Crypto Without Zero-Knowledge Privacy

Zero-knowledge proof technology promises to bridge the gap between blockchain transparency and institutional privacy—but what exactly is it?

11 May 2025, 15:00

AI agents are coming for DeFi — Wallets are the weakest link

Opinion by: Sean Li, co-founder of Magic Labs Crypto markets run 24/7. Human traders don’t. As AI agents begin to manage liquidity, optimize yield, and execute trades at all hours, they’re quickly becoming essential infrastructure for decentralized finance’s (DeFi) future. While AI agents are evolving from niche tools for quant traders into mainstream financial operators, they’re rapidly outpacing the wallets meant to secure them. Advancements in account abstraction and smart contract wallets have emerged, but most DeFi platforms still predominately rely on externally owned account wallets that require manual approvals at every step. Early-stage programmable solutions exist but remain fragmented, costly on layer-1 networks and adopted by only a tiny fraction of users. As AI agents increasingly operate in DeFi, this infrastructure limitation becomes critical. We need standardized infrastructure that allows for secure, cost-effective automation with verifiable guardrails across multiple blockchain ecosystems. Automation needs guardrails, not guesswork The rise of autonomous agents opens new possibilities: hands-free DeFi strategies, real-time portfolio optimization and crosschain arbitrage. Without programmable permissions and onchain visibility, however, delegating control to AI can expose users to catastrophic risk. Malicious bots, hallucinating agents and poorly designed automation can drain wallets before a human notices. We’ve already seen what happens when agent infrastructure fails. In September 2024, users of the Telegram-based trading bot Banana Gun lost 563 Ether ( ETH ) (approximately $1.9 million) through an exploited oracle vulnerability that allowed attackers to intercept messages and gain unauthorized access to user wallets. More recently, attackers breached Aixbt’s dashboard and issued commands to transfer funds directly, resulting in the loss of 55.5 ETH worth over $100,000. These aren’t isolated incidents — they are warning signs of systemic vulnerability in our automation infrastructure. Legacy wallets can’t support autonomous agents Despite years of wallet innovation, the architecture remains static mainly : sign a transaction, broadcast it, repeat. Most wallets aren’t built to understand “intent,” verify that automation matches user-defined rules, or restrict activity by time, asset type or strategy. This rigidity creates an all-or-nothing dynamic: either you maintain manual control and miss out on fast-moving opportunities or you hand over access entirely to opaque third-party systems. For AI-powered DeFi to scale securely as it builds more utility, we need programmable, composable and verifiable infrastructure. Programmable permissions are the new trust layer As smart contracts encode logic into DeFi protocols, wallet infrastructure must encode logic into user control. That means enabling session-based permissions, cryptographic verification of agent actions and the ability to revoke access in real-time. Recent: AI and blockchain — A match made in heaven With these features in place, users can delegate trading, rebalancing or strategy execution without giving up complete control. This approach doesn’t just mitigate risk — it expands access. Advanced DeFi strategies could become accessible to users without technical knowledge and managed securely by agents operating within verifiable constraints. Programmable infrastructure makes DeFi scalable Programmable wallet infrastructure doesn’t just make DeFi safer — it makes it scalable. Fragmentation across chains and protocols has long been a barrier to automated strategies. A universal keystore protocol that syncs permissions across networks can streamline crosschain delegation and open the door for interoperable agent ecosystems. As institutional interest in DeFi grows , secure automation will be non-negotiable. Most firms won’t allow AI agents to interact with capital without verifiable guardrails. Just as zero-knowledge proofs are becoming essential to privacy and compliance, programmable wallet permissions may become standard for agent-based security . The future of DeFi Some may argue that AI can’t be trusted with financial autonomy, but traditional markets have already adopted algorithmic trading and black box automation. DeFi isn’t immune — it’s simply unprepared. If crypto is to maintain its transparency and user sovereignty principles, it must build infrastructure that keeps AI agents in check. That starts with rebuilding wallets as interfaces and operating systems for the autonomous, multichain economy. DeFi is on the edge of an automation revolution. The question isn’t whether agents will participate. Whether we give them the rails, they need to act in service of users, not in spite of them. Opinion by: Sean Li, co-founder of Magic Labs. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

11 May 2025, 14:00

Stellar’s Payment Network Upgraded: Bitcoin Solaris Reveals Cross-Border Settlement in 2 Seconds

In the fast-moving world of blockchain innovation, few names have stood out in the cross-border payments space like Stellar. Its mission to enable seamless international transactions gave rise to one of crypto’s most efficient payment rails. But today, that crown is being challenged—and possibly taken—by a rising force: Bitcoin Solaris. What Stellar started, Bitcoin Solaris is finishing with style. This emerging platform isn’t just enabling global settlement at lightspeed; it’s doing so while giving first-time users the power to earn real wealth, all through a mining app that fits in your pocket. Stellar’s Legacy Meets a New Era Stellar’s strength has always been its simplicity and speed. Transactions processed in seconds, low fees, and a vision of global connectivity. But there’s a growing debate about centralization and limitations in wealth generation for the average user. Stellar wasn’t built to mine—it was built to move money. That’s where Bitcoin Solaris turns the tables. It doesn’t just offer fast payments—it makes it profitable to participate. Meet Bitcoin Solaris: Where Wealth, Speed, and Access Collide At its core, Bitcoin Solaris (BTC-S) brings something new to the table. It fuses the security of Bitcoin with the speed of Solana, delivering 10,000 TPS and 2-second finality while consuming 99.95% less energy than Bitcoin. But the real game-changer is how it puts wealth creation into the hands of anyone, anywhere. Mining no longer requires a warehouse or technical skill. With the upcoming Solaris Nova App, the process is radically simplified: Smartphone and laptop mining support One-tap mining experience Cross-platform functionality (Android, iOS, web, desktop) Built-in BTC-S wallet and in-app education Adaptive algorithm that adjusts to your device Whether you’re a student or a full time employee, you can now mine from your phone and earn BTC-S with zero setup cost. Turn Your Phone into a Passive Income Machine Advanced Tech That Goes Beyond the Blockchain Basics Bitcoin Solaris isn’t a fork or an imitation—it’s a new category of crypto. At the heart of its power is a dual-consensus system (PoW + DPoS) that ensures both security and scalability. But there’s more: The Helios System powers advanced DeFi, including DEXs, lending, and yield farming. Audited smart contracts ensure maximum trust and reliability. A growing network of bridges allows BTC-S to interact with Solana, Bitcoin, and beyond. The referral program allows early users to earn 5% for every purchase through their link—plus their invitee gets a 5% bonus. It’s not just fast—it’s powerful, secure, and designed to grow. Bitcoin Solaris Is Gaining Serious Momentum The world is noticing. Not just investors, but entire communities are joining the movement. Just check out this detailed review by Crypto Royal where he breaks down why Bitcoin Solaris is one of the most exciting crypto launches of 2025. This growing attention is fueled by a powerful, short-lived presale, which has already raised over a quarter million dollars in one short phase. Here’s where things stand: Current Presale Price: $2 Next Phase Price: $3 Launch Price: $20 Bonus This Round: 14% The presale ends on July 31, 2025, with only a 90-day window—the shortest of any major crypto this year. The potential ROI? Up to 1,900%. The presale is live, but fading fast. And if you’re curious about updates, community drops, or presale news, jump into the Telegram channel to stay ahead of the curve. Conclusion Stellar set the standard for fast payments. Bitcoin Solaris is building the future—faster, smarter, and far more profitable for regular users. From mobile mining and secure DeFi to a presale that could change lives, BTC-S is paving the way for a new class of crypto millionaires. If you’ve been watching the blockchain revolution from the sidelines, this is your moment to step in—not just to transact, but to thrive. For more information on Bitcoin Solaris: Website: https://www.bitcoinsolaris.com/ Telegram: https://t.me/Bitcoinsolaris X: https://x.com/BitcoinSolaris