A white hat hacker has discovered a bug within the latest upgrade for Arbitrum, an Ethereum scaling network, that could have led to the theft of over $530 million. A bug in the latest upgrade for Arbitrum had been live for almost three weeks but had not yet been exploited. Arbitrum builder OffChain Labs earlier…

Crypto exchanges FTX and Binance are leading the auction for embattled crypto-lender Voyager, the Wall Street Journal reports. Sources said Binance leads slightly over FTX, with a bid of $50 million. The auction winner is set for an announcement at a Sept. 29 hearing. The auction for Voyager began last week in the law offices…

Equity exchange Nasdaq plans to become an institutional crypto custody service taking on established crypto players like Coinbase. This move is in line with its broader mission to be a crypto service provider rather than facilitate crypto trading. Nasdaq, which operates markets in the US and global equities, is not a newcomer to the crypto…

Algorithmic market maker service Wintermute suffered a hack on Sept. 20, with a loss from the platform’s portfolio of around $160 million across 90 assets. Wintermute stated that it has no solvency concerns, calling the hacker to engage in a “whitehat” response. Evgeny Gaevoy, Wintermute founder and CEO, said on Twitter that “we’ve been hacked…

Metaplex, creator of the NFT protocol on Solana, is launching an MPLX governance token and will conduct an airdrop for NFT creators. Metaplex said it took a snapshot of eligible creators who created NFTs via Metaplex by August 24 and has removed of the airdrop hundreds of wallets “believed to belong to bad actors.” Metaplex…

DeFi product builder Coin98 Labs is rolling out the Coin98 Dollar (CUSD), the fully collateralized decentralized stablecoin for the Coin98 cross-chain ecosystem. Coin98 sees CUSD as the default exchange unit across all Coin98 Finance products, with distant plans to gradually expand it into other DeFi ecosystems. As the world of multi-chain expands, it significantly drives…

Not every digital artwork needs to be an NFT. After all, NFTs can already do so much more, notes Abigail Carlson on Decrypt. I had a realization recently while wandering through the Musée Matisse in Nice, France, where I went to see a temporary exhibit on David Hockney. If you’re not familiar, Hockney is considered…

Breaking crypto news from the last week (Sept. 3 – 9, 2022): Sept. 10: Blockchain.com, a London-based crypto exchange, has been granted provisional regulatory approval by the Virtual Assets Regulatory Authority (VARA) in Dubai. After granted provisions, institutional and retail clients can use the crypto platform in the UAE. MicroStrategy, a software development firm that…

Top crypto news from the Middle East region over the last week (Sept. 11–17, 2022): The 22nd World Blockchain Summit is set for Dubai on Oct. 17-18 The 22nd global edition of the World Blockchain Summit will bring together some of the world’s leading crypto influencers, policymakers, key government delegates, media, family offices, HNIs, and…

Investors should take note of some of Ethereum’s core traits that just changed — Christopher Robbins describes them on CoinDesk. Ethereum has been getting ready to “merge,” creating temporary disruptions in some crypto trading and potentially new opportunities for investors. Now the Merge has finally happened. But what does it really mean? In simple but…