After Losing $100M, Harmony Wants to Inflate Away Its Problems
Weeks after an attacker was able to steal approximately $100 million from Harmony Protocol’s cross-chain bridge, the Layer 1 project has shared a controversial proposal to reimburse affected users. Harmony...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Crypto BriefingRelated market context
Unknown whale moves approximately 133.78 million USDC to Aave
The large USDC movements into Aave highlight the growing influence of anonymous capital flows in DeFi, impacting liquidity dynamic...
Payments Firm Says Tether Froze $2.76 Million Brazilian Police Didn’t Flag, Forcing Layoffs
Tether froze $2.76 million of a payments company’s working capital though the Brazilian police investigation behind the freeze nev...
Pudgy Penguins Owner Is Shutting Down Its Abstract Chain, Where $47 Million Still Sits
Abstract, the Ethereum layer 2 that Pudgy Penguins parent Igloo Inc. built to bring everyday users onchain, will shut down on Dec....
Crypto Card Payments Hit Record $12.5 Billion as Stablecoin Adoption Surges
Bitcoin Magazine Crypto Card Payments Hit Record $12.5 Billion as Stablecoin Adoption Surges Payment volume processed on crypto ca...
Tether Hit With Lawsuit Over $2.76 Million Stablecoin Freeze
The payments firm alleges Tether froze its treasury wallet on its own initiative over a Brazilian investigation it has no connecti...
Ripple and Circle backs OKX as it targets the next wave of stablecoin users
OKX brought Circle, Ripple and Standard Chartered’s venture arm onto its cap table as the crypto exchange broadens its push into s...