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On October 15, 2024, the GMX V1 protocol on Arbitrum was exploited through oracle price manipulation, resulting in a $42 million drain from its GLP liquidity pool. This incident underscores persistent vulnerabilities in DeFi platforms amid rising Web3 adoption.
Dapper Labs has agreed to pay $4 million to settle U.S. SEC charges that its NBA Top Shot NFTs were unregistered securities. The resolution marks a pivotal moment for NFT regulation and digital collectibles.
On September 6, 2024, Virtuals Protocol unveiled its Genesis Launchpad on the Base network, revolutionizing Web3 by enabling seamless creation and tokenization of autonomous AI agents as tradeable digital collectibles. This launch bridges AI innovation with NFTs, promising new revenue models for cre
Grayscale Investments submitted an S-1 registration statement to the SEC on February 6 for its proposed spot Ethereum ETF, building on the success of Bitcoin ETFs. This filing marks a pivotal step toward institutional adoption of ETH, potentially boosting the NFT and Web3 ecosystems.
A sophisticated supply chain attack on Ledger's Connect Kit library led to millions in crypto thefts, exposing vulnerabilities in Web3 wallet integrations. NFT holders and DeFi users were among the victims as dApps unknowingly drained funds.
The U.S. SEC has approved 11 spot Bitcoin exchange-traded funds, marking a pivotal moment for cryptocurrency adoption. This decision opens the floodgates for institutional investment into Bitcoin.
OpenAI's board abruptly removed CEO Sam Altman on November 17, sending shockwaves through the AI and Web3 communities. With Altman's ties to crypto via Worldcoin and OpenAI's influence on generative NFT art, the move raises questions for decentralized creators.