Sparks

In brief Aave users struggled to withdraw funds from Aave after attackers borrowed with stolen rsETH on the platform, spiking a core market’s so-called utilization rate. The funds were plundered from a LayerZero-powered bridge, …

X’s head of product Nikita Bier hinted Tuesday that the platform could launch a crypto-related product, prompting speculation across the industry. The post drew attention because it came just weeks before the expected launch …

UBS CEO Sergio Ermotti said at Davos this week that Bitcoin needs to overcome the quantum computing threat. Ermotti joins a growing chorus of concerned financiers that includes Jefferies’ head of equity strategy Christopher …

The crypto community on X has been dominated by prominent figures advocating for the adoption of Zcash as privacy becomes increasingly threatened by governments and regulators.  While the Winklevoss twins, Naval Ravikant, and Balaji …

Paxos accidentally minted $300 trillion of PayPal’s stablecoin. It’s not clear how the firm made such a colossal mistake. The firm applied for a banking charter in August. Paxos’ erroneous creation of trillions worth …

In brief Bitcoin broke below $110,000 Thursday morning, dragging top altcoins down in a broad sell-off. The drop triggered $524 million in liquidations as the total market cap fell 3.1% to $3.85 trillion. Options …