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Wu Blockchain· 2025-11-30 23:17
Yearn Finance’s yETH product was attacked, with the exploiter apparently minting nearly unlimited yETH to drain the pool in a single transaction and profit roughly 1,000 ETH (about $3 million), some of which was sent to Tornado Cash. Blockchain data indicate the attack involved several newly deployed contracts that self-destructed afterward, and the total scale of the losses remains unclear. Yearn said it is investigating the incident and noted that Yearn Vaults (both V2 and V3) are not affected. https://t. ...
X @Wu Blockchain
Wu Blockchain· 2025-11-30 18:33
Tether's Financial Position - Tether CEO states Q3 2025 attestation shows several billion dollars in excess reserves and total group equity approaching $30 billion [1] - Tether generates roughly $500 million in monthly base profits from U S Treasury yields [1] - External analyses, including S&P's, overlooked group equity, leading to misinterpretations of Tether's financial position [1] S&P's Assessment - S&P Global Ratings downgraded Tether's USDT stability assessment from "Constrained" to the lowest tier, "Weak" [1] - The downgrade is due to a higher allocation to riskier reserve assets and limited transparency [1] - Bitcoin now represents about 5.6% of USDT's reserves [1]
X @Wu Blockchain
Wu Blockchain· 2025-11-30 12:31
Asia’s weekly TOP10 crypto news (Nov 24 to Nov 30): UAE rolls out sweeping DeFi & stablecoin regulation; Japan plans mandatory exchange liability reserves; South Korea prepares penalties for major exchanges; Kazakhstan considers $300M crypto allocation; Uzbekistan to legalize stablecoin payments and morehttps://t.co/XnouZbUfqs ...
X @Wu Blockchain
Wu Blockchain· 2025-11-30 11:38
Strategy said it would only consider selling Bitcoin as a last resort—specifically if its mNAV drops below 1 and the firm can no longer raise capital. CEO Phong Le stressed there is no current plan to sell, reaffirming a long-term holding strategy, but noted that if premiums vanish and funding becomes difficult, limited technical sales may be necessary to protect shareholder value. https://t.co/0qsrn6mKqs ...
X @Wu Blockchain
Wu Blockchain· 2025-11-30 09:58
Vitalik Buterin said he hopes Zcash will avoid adopting token-based governance, arguing that token voting is flawed and could erode core values like privacy. He warned that privacy is especially vulnerable when left to decisions by the “median token holder,” and called token voting worse than Zcash’s current governance model. https://t.co/EYrZDbQ5be ...
X @Wu Blockchain
Wu Blockchain· 2025-11-30 07:33
Investment Strategy - National Bank of Kazakhstan (NBK) is considering investing in crypto assets [1] - The potential investment amount could be up to $300 million, but might range from $50 million to $250 million [1] - NBK will wait for the crypto market to stabilize before investing [1] - The funds will be sourced from the central bank's foreign exchange reserves [1] Regulatory Considerations - The investment decision is influenced by the recent crypto market downturn [1]
X @Wu Blockchain
Wu Blockchain· 2025-11-30 06:56
The Hyperliquid team confirmed that 1.75 million HYPE tokens were unlocked on Saturday for developers and core contributors, worth over $60.4 million at current prices. According to Hyperliquid developer iliensinc, the unlock is part of the project’s predefined vesting schedule and was announced in advance. For comparison, around 270 million tokens were fully unlocked on Nov. 29, 2024 — equivalent to about $9.5 billion at today’s market value. Hyperliquid has never raised external capital, so there are no i ...
X @Wu Blockchain
Wu Blockchain· 2025-11-30 05:57
According to Coinglass data, the Coinbase Bitcoin Premium Index has turned positive after nearly a month in negative territory. A positive reading typically indicates that U.S. investor flows — including ETF demand — are showing stronger buying interest compared to global markets.https://t.co/94a45LZdO9 ...
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Wu Blockchain· 2025-11-30 05:23
Mark Moss: Widely Expected Big Drawdown Is Probably Not Gonna HappenAmerican entrepreneur and venture capitalist Mark Moss shared his insights on Bitcoin's market trends and volatility during an interview with Coin Stories host Natalie Brunel on October 14. He stated that a significant correction anticipated by most investors is unlikely to materialize, as Bitcoin's volatility has been substantially reduced following the launch of ETFs. Top global trading institutions have attempted to generate returns from ...
X @Wu Blockchain
Wu Blockchain· 2025-11-30 04:20
Nasdaq digital assets chief Matt Savarese said the exchange has made its tokenized-stock proposal a top priority and will work “as fast as we can” with the SEC. He emphasized that Nasdaq isn’t trying to upend the existing system but aims to bring tokenization into the mainstream responsibly under SEC oversight. The proposal would allow trading of on-chain “stock tokens,” digital representations of publicly listed shares.https://t.co/hJ091tEesG ...