Cointime update: ApeChain plans to switch its cross-chain infrastructure from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, upgrading APE and USDC to Chainlink Cross-Chain Tokens as part of the move. The announcements did not specify holder migration steps or a date for shutting down the legacy bridge.
Cointime update: Privacy Cash has paused deposits after Elliptic traced about $1.2 million in theft-linked ETH and SOL into its pools, the team said. Withdrawals remain open. The move follows the Binance hack, with the traced assets tied to stolen funds.
Cointime update: Schroders, a $1 trillion-plus asset manager, has launched a tokenized emerging markets debt fund on Solana in partnership with Centrifuge. The move brings the firm’s emerging markets bond strategy onchain, expanding the range of actively managed funds available on the network.
Cointime update: Coinbase has made Deribit options and perpetual futures available to its US Prime clients, giving institutions access to global derivatives through Coinbase Financial Markets. The offering provides shared liquidity but does not combine margin pools into a single account, the company said. The move extends Coinbase’s derivatives reach to US institutional customers.
Cointime update: Blast has shut down its Layer 2 network and is directing users to a recovery site. DefiLlama’s latest daily reading puts bridge assets at $6.51 million, roughly 84% below the level reported on Oct. 26. The shutdown marks the end of the Ethereum scaling network’s operations.
Cointime reports: The Polkadot Treasury lost $1.38 million after an XCM patch failed to reach production, distorting pricing in DOT/dotUSD pools. A later upgrade repaired the stablecoin’s supply accounting without altering holders’ balances, the material states. The flaw affected how the stablecoin was priced against DOT in those pools.
Cointime reports: Bitcoin yields on layer-2 networks are drying up. The crypto asset manager’s assessment points to shrinking returns for BTC holders who park capital on L2 chains, though the material did not specify the magnitude of the decline or the drivers behind it. The observation comes as L2s compete for bitcoin liquidity.
Cointime reports: A DeFi 201 explainer outlines how decentralized finance operates as a connected protocol system, tracing the links between DEXs and AMMs, liquidity pools, lending markets, yield aggregators, oracles, derivatives and DAO governance. It highlights where composability between these components creates systemic risk.
Cointime reports: Attackers behind the Binance exploit have moved 81% of the stolen Solana (SOL) and are routing the funds through THORChain after the cross-chain protocol resumed swaps. The laundering activity follows the restart of THORChain swaps, which the attackers are using to obscure the trail of the stolen assets.
Cointime reports: Tron’s ecosystem has spent more than $120 million on token buybacks and burns across JST, SUN, BTT and WIN, the network’s four core assets. JST has completed five burn rounds totaling 19.01% of supply, with over $100 million funded mainly by JustLend revenue. BTT and WIN completed first burns of 2.18% and 6.74% of supply, while SUN has run 52 rounds totaling 3.44%. JST is up over 318% since buybacks began.
Cointime reports: French bank Crédit Mutuel Arkéa has been exploited for more than $133 million. He said he has a “high degree of confidence” that the attacker is not associated with North Korea’s Lazarus Group, ruling out the state-linked hacking collective as the perpetrator of the incident.
Cointime update: The Aztec Foundation has deployed the Tierra V6 upgrade for its Ethereum Layer 2 network, saying the release fixes earlier security issues and doubles the speed of private transaction proof generation. The upgrade targets faster private applications on the network. Aztec did not disclose a deployment date or further technical details.