19m agoPendle USDC Vault on Morpho Reaches 50M USDC in About 1.5 Weeks With 230 DepositorsPendle's USDC vault on Morpho reached 50 million USDC about 1.5 weeks after its August 4 launch, drawing 230 depositors and sending about 99.7% of funds to the PTreUSD USDC market. The vault offers base lending yield plus 7,500 PENDLE tokens weekly, with reported yields moving from 14.08% early to about 7.15% to 7.88% as deposits grew.20m agoTerm Labs Shuts All Meta Vault Treasuries and Revokes DAO Permissions After $8.5M Governance Attack LossTerm Labs said the recent incident targeted its Term Vault treasury governance mechanism, not the underlying Term protocol or direct lending markets. The team has permanently shut all Meta Vault treasuries and revoked DAO governance permissions to stop new inflows, while keeping withdrawals open and working with external security teams after an estimated $8.5 million loss.29m agoAbraxas, Fasanara and Wintermute hold more than $600 million in ETH and BTC shortsPANews, Aug. 24 — Lookonchain data shows the largest on-chain short positions are concentrated in market maker hedging accounts, while a number of large whale short positions appear to have been liquidated during the recent rally. Abraxas Capital, Fasanara Capital and Wintertermute together hold shorts of 138,569 ETH (about $338 million) and 3,425 BTC (about $265 million).40m agoSolana Validators Begin Voting on Constitution, Faster Disinflation and Transaction Fee OverhaulSolana validators have opened voting on three governance proposals: SGP0001, which introduces a Solana Constitution; SGP0002, which would raise the disinflation rate from 15% to 30%; and SGP0003, which would redesign transaction fees into a base inclusion fee plus a resource fee that is 100% burned. Voting remains open through the end of epoch 1023, expected around 15:30 UTC on Thursday.46m agoRally wipes out whale shorts; market-maker hedging now dominates on-chain short exposureThe latest price surge appears to have forced many large "whale" short positions to liquidate. On-chain data now shows the biggest remaining short exposure is concentrated in market makers' hedging accounts. Abraxas Capital, Fasanara Capital, and Wintertermute together hold 138,569 $ETH in short positions (about $338M) and 3,425 $BTC (about $265M).49m agoLedger CTO Responds to Ethereum App Security Rumors: Patch Rolled Out Two Weeks AgoAccording to ChainCatcher, Ledger Chief Technology Officer Charles Guillemet said the company had previously identified a flaw in its Ethereum app tied to a specific signature process. The issue was found by Ledger's security unit, Donjon, using an AI-powered vulnerability research tool. Ledger said the fix has already been patched and deployed, with the update released two weeks ago. The company added that users remain protected as long as they keep the Ledger app up to date.1h agoUpbit to Add LIT/KRW Spot PairUpbit, South Korea's largest cryptocurrency exchange, said it will list the LIT/KRW trading pair at 13:00 local time on Aug. 24. LIT is an Ethereum-based utility token used within the Lighter protocol.1h agoVoting Opens on Solana Validator Governance Proposals SGP0001–0003ChainThink said Solana developers posted on X on Aug. 24 that voting is now underway for Solana Validator Governance Proposals SGP0001, SGP0002 and SGP0003. Voting will remain open through the end of epoch 1023. SGP0001 proposes adopting the Solana Constitution and turning on on-chain governance mechanisms. SGP0002 would raise the deflation rate to 30% from the current 15%. SGP0003 would overhaul base transaction fees by splitting them into a fixed base inclusion fee paid to block producers and a separate resource fee calculated from transaction cost, with the resource fee burned in full.1h agoTrump-linked team reportedly sells $TRUMP via liquidity adjustments, netting $3.39M USDC in 10 hoursA Trump-associated team is reported to be selling $TRUMP by repeatedly adding and removing liquidity. Over the past 10 hours, the activity generated about 3.39 million USDC in proceeds from $TRUMP sales.1h agoCircle Stablecoin Supply Surges $1.7B Weekly; Tron Leads Network GrowthAccording to Token Terminal data cited by ChainCatcher on Dec. 12, Circle expanded its outstanding stablecoin supply by $1.7 billion over the past seven days. This growth significantly outperformed competitors, nearly quintupling the $357.3 million increase recorded for Ripple’s issued assets, while Tether ranked third with a $202.2 million rise. On the network level, Tron emerged as the leader in stablecoin market capitalization growth, posting a $950 million increase during the same period. HyperEVM and Solana followed closely, recording gains of $614.7 million and $407.4 million, respectively. Collectively, these three blockchain networks accounted for a combined expansion of $1.97 billion, highlighting a period of robust liquidity inflows across the decentralized finance ecosystem.