We’re once again staring down the crypto winter’s barrel. Headlines scream of an unimaginable 41% market collapse (excluding Bitcoin, obviously). In the meantime, VC capital is disappearing faster than a raindrop in the Sahara, and macroeconomic headwinds are looking to blow us all back to 2017. Then you’re not alone...
Dogecoin down 4%. Meme coins underperforming. Sounds familiar, right? We've seen this movie before. Another new meme coin makes a meteoric rise promising massive gains, as the long-time players fall flat. But Bitcoin Pepe? Is it really different? Alternately, are we simply rubes for the next prospectively branded amphibian?Bitcoin's Liquidity...
Ethereum. The second biggest name in crypto. Hopefully not permanently condemned to a far-distant second place. The decentralized future DeFi has promised us still looms large. Yet, as we approach 2030, a critical question looms: are we witnessing a carefully orchestrated delay, or a slow-motion death sentence for Ethereum's grand...
Let’s not kid ourselves, are we still really buying the “Ethereum will rule everything, I promise” story. I’m not sure if it can, frankly, but the past few weeks’ mood certainly feels different. And by vibes, I mean the memes. Put aside your technical analysis and your fundamental research for...
Loopscale, a Solana-based lending protocol had a recent security exploit. This unfortunate event resulted in a loss of $5.8 million, representing 12% of its total value locked (TVL). The platform, formerly known as Bridgesplit, officially went live on April 10. Unfortunately, it then became the target of a very sophisticated...
So, there you have it, another day, another DeFi platform goes kaput. This time it’s Loopscale, previously known as Bridgesplit – ring any bells? The new lending app, incubated by Solana Labs and Coinbase Ventures to disrupt the future of lending. All of this they are accomplishing with their new...
The DeFi space has seen its share of hacks. Now, the recent $5.8 million exploit of Loopscale is drawing a bright red circle around the critical issue of security. The Palumbo incident is worthy of greater scrutiny. It presents an opportunity to explore the inadequacies in the DeFi ecosystem and...
Remember those old Western movies? The same ones where banks got robbed at high noon, and the sheriff was always a day late and a dollar short? Turns out, DeFi is actually the Wild West, but with more complex code and fewer dusty saloons. Loopscale, a Solana-based lending protocol, just...
Meanwhile, Loopscale — a DeFi lending protocol on Solana — has taken a six-figure hit. On April 26th, $5.8 million disappeared, consisting of 5.7 million USDC and 1200 SOL. Ouch. Undercollateralized loans were the attacker’s weapon of choice. Lending markets are currently paused, however, even though some functions have restored....
Remember the TrumpCoin launch on Solana? What a glorious, beautiful, expensive mess. Not to mention if you’re a new user and just saw your transaction fail five times. Fees went through the roof like Snoop Dogg at Coachella while you fumbled to purchase a bag of what are essentially digital...
