The Merkle
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Axelar Confirms $4.67M Exploit on Secret Network Bridge, Core Protocol Remains Unaffected
Axelar is moving fast to contain damage after identifying a security incident that has resulted in the loss of approximately $4.67 million worth of tokens. The exploit targeted assets bridged via the Inter-Blockchain Communication protocol from the Axelar chain to Secret Network, and the cross-chain infrastructure provider has already taken emergency action…
Sui Synthetic Dollar suiUSDe Gets Its Own Website
suiUSDe now has a dedicated landing page. The token, officially the eSui Dollar, comes out of a partnership between Ethena and Sui Group Holdings, the NASDAQ-listed firm trading as SUIG, and it's already plugged into DeFi protocols across Sui. Up to now, anyone wanting details had to dig through scattered posts and docs. Now there's one place for it. It's a…
Ventuals Winds Down HIP-3 DEX, vHYPE Withdrawals Now Live For All Holders
Ventuals has fully wound down its HIP-3 DEX, and vHYPE withdrawals are now open. The platform processed its entire withdrawal queue, roughly 380,775 HYPE, at approximately 10am ET today. Anyone who already had a withdrawal queued before today got swept into this same batch automatically. For holders, the math is straightforward. Withdrawals become claimable…
Avalanche Launches Payments Collective With Franklin Templeton And 25 Others
Avalanche has launched the Avalanche Payments Collective, bringing together 28 organizations spanning nearly every layer of the global payments stack. Founding participants include Franklin Templeton, VanEck, Anchorage Digital, Paxos, Agora, Ethena, Rain, Axiym, and Tassat, alongside other companies working across stablecoins, settlement, treasury infrastruc…
ASTER Whale Reopens 5x Long Days After Getting Fully Liquidated On The Same Token
A wallet tracked as 0x5f91 just opened a fresh 5x leveraged long on ASTER, putting 3.86 million tokens worth roughly $2.61 million back on the line. The move comes only days after the same wallet got fully wiped out on a previous long position, a loss that cost the trader $530,600 when the market pulled back hard and triggered liquidation. This is the kind o…
Strategy Preferred Stock Hits All-Time Low Below $84 as Market Pressure Mounts
Strategy's preferred stock STRC has dropped below $84, well below the $90 it launched at and a full $16 beneath its $100 par value, hitting an all-time low and triggering a chain of consequences that points toward an outcome Saylor has publicly sworn to avoid: selling Bitcoin. The market is not panicking yet, but it is pricing in doubt, and the mechanics beh…