The post EMURGO Cardano Pentad Withdrawal Signals Governance Shift appeared on BitcoinEthereumNews.com.
One of Cardano’s founding organizations is stepping back from the ecosystem’s most prominent governance coalition — not because of a strategic shift, but because of a security failure that drained millions of dollars from hundreds of users. EMURGO’s withdrawal from Cardano’s Pentad governance group is a direct consequence of last month’s exploit on the SecondFi wallet, a product EMURGO itself built and launched. Key takeaways EMURGO is stepping down from Cardano’s Pentad governance group to focus on recovering user funds lost in the SecondFi wallet exploit. The exploit drained approximately 16 million ADA — worth about $2.4 million at the time — from 374 wallets. EMURGO expects to reimburse affected users within two weeks through a structured recovery plan. Pentad, formed earlier this year, groups Input Output Global, the Cardano Foundation, Intersect, the Midnight Foundation, and EM
Ctrl Wallet will disable core services on August 3, leaving only recovery phrase exports available. Users should move funds or import recovery phrases into supported wallets before the shutdown date. Ctrl Wallet warned that migration rewards, airdrops, and CTRL token offers are all fraudulent scams. Ctrl Wallet will permanently shut down its services on August […]
The post Ctrl Wallet Shuts Down After Exploit, Urges Users to Withdraw Funds appeared first on Live Bitcoin News.
The post Is Monad’s record $477mln TVL organic or incentive-driven? Assessing… appeared on BitcoinEthereumNews.com.
Monad’s DeFi ecosystem has seen significant increases in liquid assets since November, which reflects an increase of participants in this environment. The Total Value Locked (TVL) within the Monad [MON] network rose from approximately $80 million in November to a high of $477 million. This rise indicates substantial capital flows into Monad. This growth began at a moderate pace and then accelerated rapidly beginning in March. As of April, the TVL in the network was greater than $400 million. More recently, Aave [AAVE] V3 launched on Monad, and it attracted almost $100 million in deposits. Source: X Additionally, MetaMask chose the home network for its “Money Account” to be on Monad. Despite this, the continued increase of liquidity is an important indicator of potential long-term success. Yet, the actual amount of liquidity does not necessarily translate into sustainable
The post Aave V3 on Monad Pushes Past $100 Million, AAVE Price Eyes $100 Amid Renewed Momentum appeared on BitcoinEthereumNews.com.
Key Insights Aave V3 surpassed $100 million in deposits on Monad within 48 hours of launch, highlighting strong early demand. AAVE price is approaching the $100 level as bullish momentum builds alongside growing DeFi adoption and institutional interest. Deposits into Invesco’s tokenized Treasury fund on Aave jumped 300% in Q2, strengthening the protocol’s real-world asset narrative. AAVE price approached the $100 level as Aave’s new Monad market crossed $100 million in deposits within 48 hours. The rapid growth strengthened the protocol’s expansion case, though incentive spending complicated claims of fully organic demand. Institutional activity also supported the broader narrative. Deposits of USTB, a tokenized U.S. Treasury fund managed by Invesco, rose sharply on Aave during the second quarter. AAVE Price Tracks $100 Million Monad Launch On 3 July, Aave
The post Aave on Monad Hits $100M: Will Liquidity Spark Lending? appeared on BitcoinEthereumNews.com.
Aave just launched on Monad and the numbers jumped right out of the gate. The new V3 market crossed nine figures in deposits in basically two days. That tells you there’s money looking for a new home, and that incentive design still moves people. This piece breaks down why deposits came so fast, what’s different about Monad, how the incentives and risk caps shape the trade, and what has to go right for borrowing demand to actually pick up. If you’re weighing whether to move funds, you’ll get the lay of the land and the gotchas to watch. No hype here. Just what we know, what we don’t, and a few practical checklists so you don’t trip over the usual stuff. Quick Answer Editor’s note: In Q1 and Q2 2026 I kept bumping into the same pattern across new deployments: incentives fill deposits in days, then utilization either catches up or the pool goes quiet. On Base, that curve tightened faster
The post SecondFi is shutting down after Cardano wallet exploit appeared on BitcoinEthereumNews.com.
Cardano wallet firm SecondFi says it will not resume “normal operations” and will instead focus solely on “returning assets to affected users” as it continues to grapple with last month’s $2.4 million ADA exploit. Developer Emurgo, claimed yesterday that “SecondFi will not resume normal operations, even once the audits are complete.” It added, “Going forward, our involvement in SecondFi is limited to a dedicated asset recovery team, tasked solely with returning assets to affected users.” The firm has yet to release an audit of what took place during the exploit, which saw 16 million ADA ($2.4 million) stolen by bad actors, and 129 million ADA ($18.5 million) taken by a mysterious white hat hacker. Emurgo is also yet to launch a recovery plan for affected users and is still in the process of arranging one. Read more: Mystery deepens over Cardano wallet’s $18.5M white hat hacker What w
The post Is ICP Crypto Price Slated For Major Bounce Amid Rising ICP Network Recognition? appeared on BitcoinEthereumNews.com.
Key Insights Internet Computer unveiled major network upgrades and a new DeFi platform, fueling speculation of a price rebound. Despite stronger fundamentals, ICP futures traders remain cautiously bearish as short positions continue to outnumber longs. Analysts are watching the $2.30–$2.40 resistance zone, with a breakout potentially opening the door to a move toward $3.00. Traders have watched ICP crypto bleed for months, but fresh network upgrades and a massive DeFi reveal just dropped. ICP Network founder Dominic Williams revealed an upcoming major upgrade that will further improve the chain’s performance. Network performance is a key reason why ICP crypto has been receiving the spotlight lately. ICP network already ranks among the fastest networks with approximately 1,000 to 5,400 transactions per second (TPS) and the capability to scale infinitely. Network
Aave V3 on Monad topped $100M deposits in 48 hours as incentives landed and risk caps shifted. Borrow demand, GHO uptake, and cap tuning now decide longevity.
