Bunni Dex was misused for $2.3 million after a liquidity rebalance defect

According to Onchain data from multiple Web3 security companies, after an attacker manipulated the platform’s liquidity calculations, a distributed exchange Bunni was victim of an exploit, losing about $2.4 million after the attacker manipulated the platform’s liquidity calculations. “The Bunni app is affected by security exploits,” the team confirmed on X on Tuesday. “As a…

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UAE RAK properties to accept Bitcoin, crypto for real estate transactions

One of the largest public real estate companies in the United Arab Emirates, Rak Properties, begins accepting cryptocurrencies for international real estate transactions. According to a Monday announcement, RAK Properties will begin accepting payments for Bitcoin (BTC), Ether (ETH), and Tether USDT (USDT) in particular. The move highlights the growing adoption of digital assets in…

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Venture capital companies focusing on revenue-generating crypto projects

According to Eva Oberholzer, chief investment officer at VC firm Ajna Capital, venture capital (VC) companies are making crypto projects more selective and representing a shift from previous cycles due to market maturation. “It’s difficult because we’ve reached another stage of cryptography, just like every cycle we’ve seen with other technologies in the past,” Oberholzer…

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Metaplanet’s Bitcoin Financing Strategy is under pressure as stocks fall 54%

Metaplanet, a Tokyo-listed company, has been actively accumulating Bitcoin, increasing pressure as stock prices fall, threatening the funding model it used to build one of the world’s largest corporate Bitcoin Treasury Ministry. Despite a roughly 2% increase in Bitcoin (BTC) during the same period, the company’s stocks fell 54% since mid-June. This decline puts the…

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Unauthorized Finance Wins Government Regulations: CEO Folding

According to Will Reeves, CEO and co-founder of Bitcoin (BTC) Rewards Company Fold, the Decentralized Financial (DEFI) protocol overcomes government and business efforts to impose traditional financial regulations designed to create walled gardens of permitted digital systems. Reeves told CointeLegraph that a regulatory proposal that calls for the Defi protocol to embed biometric identity checks…

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