Lido Avoids Major Security Breach After Compromised Oracle Key

Key developments in cryptocurrency technology:

  • Lido Security Incident: Lido suffered a minor breach with the compromise of one oracle key, resulting in a loss of 1.46 ETH (approx. $4,200). No user funds were affected.
  • Bitcoin DeFi Security Enhancements: Rootstock now secures 81% of Bitcoin's hashrate, enhancing transaction security on its layer-2 platform.
  • Ethereum Upgrade 'Fusaka': Planning for the next upgrade, Fusaka, is underway, potentially reducing Layer-2 and validator costs with an Ethereum Improvement Proposal (EIP) supporting larger transaction data blobs.
  • Telegram's Action Against Crypto Crime: Telegram closed thousands of channels linked to a Chinese crypto crime marketplace, Xinbi Guarantee, which processed over $8.4 billion in transactions since 2022.

Additional News

  • Robinhood Acquisition: Robinhood announced its acquisition of WonderFi for $178.98 million, valuing WonderFi at 36 CAD per share, a 41% premium.
  • eToro IPO: eToro debuted at $52 per share on Nasdaq, raising approximately $312 million and achieving a valuation of $4.2 billion.

Regulatory Updates

  • The Gibraltar government plans to introduce regulations for clearing and settlement of crypto derivatives to enhance market integrity.

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