PiggyBank's LAB Hedge Fails, Cutting USDC Vault NAV by 15%
PiggyBank, a Solana-based DeFi yield protocol, has revealed that a basis-trading position in the LAB token went badly wrong, shaving an estimated 15% off the net asset value of its USDC vault. The protocol disclosed the...
Original source
Read on The DefiantRelated market context
Ripple chases AI’s machine economy as XRPL stablecoins near $1 billion
Stablecoin liquidity on the XRP Ledger (XRPL) has nearly doubled over the past month, putting the network within reach of a $1 bil...
Coinbase, MassPay Link 180-Country Network to Enterprise USDC Payouts
Coinbase and MassPay are connecting USDC settlement to a payout network spanning 180 countries, giving enterprises a simpler path...
Solana News: SpaceX Will Have the Biggest IPO in History, And Its Stock Will Be Trading on Solana the Same Day
Solana News: On June 12, 2026, the same day SpaceX will be trading on Nasdaq at $135/share, raising $75 billion in the largest IPO...
Bitcoin Price Prediction: JPMorgan Fuds BTC as Debasement Trade Retreat Accelerates
JPMorgan is calling it. The debasement trade, or the macro thesis that drove billions into Bitcoin price and gold, is unwinding, a...
BlackRock files 8-A for yield-bearing bitcoin ETF; analyst expects launch next week
Bloomberg Analyst Eric Balchunas said the filing signals an imminent launch, adding that he expects it to start trading next week.
Bitcoin ETF Outflows Slow to $19 Million as Blackrock and Morgan Stanley Buy
Crypto ETF flows remained mixed on Thursday, June 11, as bitcoin ETFs posted a fifth straight day of outflows and ether funds reco...