According to PANews, Deus X Capital has announced the launch of its decentralized finance (DeFi) venture, Solstice Labs. The company plans to release its first protocol on the Solana blockchain by early 2025, aiming to offer enhanced yield opportunities for all investors. The target is to manage funds exceeding $100 million in total value. Solstice Labs is led by Ben Nadareski, co-founder and CEO of Deus X Capital. The initiative aims to introduce institutional-grade DeFi infrastructure. Since its establishment in October last year, Deus X Capital has grown its assets to $1 billion.

According to PANews, JPMorgan Chase CEO Jamie Dimon, despite his public disdain for Bitcoin, has acknowledged that the bank is a significant user of blockchain technology. In an interview at Georgetown University, Dimon emphasized that JPMorgan is a practical user of blockchain, not just for illicit activities. The bank utilizes blockchain technology through its JPM Coin product to help companies automate fund transfers. Although Dimon has repeatedly criticized Bitcoin, calling it a 'fraud,' he recognizes the value of blockchain applications within the banking system.

According to PANews, on September 19, blockchain investigator ZachXBT issued a warning on X platform about multiple large accounts being hacked and used to post scam information related to meme coins. The latest updates reveal that the scammers have managed to earn approximately $8,000 from this attack, with a market value of only $67,000. ZachXBT speculates that the compromised accounts may have authorized the same malicious website or application. He advises users to remain vigilant and manage account permissions carefully to prevent similar attacks.

According to Blockworks, Jupiter, a prominent swap aggregator and Solana DeFi application, recently experienced a security breach where an unauthorized user accessed its private key used for program deployments. Despite this, user funds remained safe, and the programs have since been updated to require multiple key signatures for access, enhancing security measures. The incident, while serious, did not result in any stolen funds and was met with minimal concern from the community. One commenter criticized the oversight, but overall, the reaction was subdued, highlighting the fast-paced nature of the DeFi space where such near misses are not uncommon. Jupiter's primary feature is its swap function, which algorithmically routes trades across various liquidity venues to secure the best prices for users. This functionality has made it a widely-used tool in Solana DeFi, often outperforming competitors. Despite the recent security lapse, Jupiter's native token has maintained its value, trading in tandem with SOL. The platform has also become the third-largest in Solana DeFi by total value locked (TVL) and has seen significant inflows, with over $50 million in the past week alone. The founder of Jupiter recently issued an apology for issues related to user experience, such as gas fee estimation, expressing regret that the products were not performing as intended. However, this has not significantly impacted Jupiter's standing in the market. The platform continues to develop new features as part of its vision for a comprehensive marketplace, drawing parallels to how Amazon used its web services to support its online marketplace. In conclusion, Jupiter's robust swap function and continued development efforts have helped it maintain a strong position in the Solana DeFi ecosystem, despite recent security challenges. The platform's ability to deliver competitive prices and its strategic vision for future growth suggest that it will remain a key player in the space for the foreseeable future.

According to Cointelegraph, the cryptocurrency world is witnessing increasingly sophisticated scams, with the 'Pig Butchering' scam being one of the most devastating. This scam not only targets individuals' finances but also exploits their trust and emotions. The scam involves scammers gaining their victims' trust through unsolicited messages, often pretending to be someone they are not. They create a false sense of urgency, making their targets feel they need to act quickly or miss out on a seemingly lucrative opportunity. These offers usually appear too good to be true, and indeed, they are.Two individuals, Daniel and Jose, were targeted by such scammers and suffered significant financial losses. Their experiences highlight the severe impact these scams can have on victims' lives. Despite their losses, Daniel and Jose chose to speak out and warn others. By sharing their stories on platforms like Reddit, they aim to protect others from falling into similar traps.This cautionary tale serves as a reminder to stay informed, conduct thorough research, and remain skeptical of investment opportunities that seem suspiciously profitable.

According to Foresight News, Sun.io has announced the completion of a significant upgrade to the SunSwap V3 routing contract. Following this upgrade, the transaction energy fee for SunSwap V3 has been reduced to 1%. Additionally, the energy fee for cross-version exchanges (V1/V2/V3/Curve) conducted through the SUN.io homepage smart routing has also been lowered to 1%. SunSwap's official information reveals that the new routing contract address is TJ4NNy8xZEqsowCBhLvZ45LCqPdGjkET5j.

According to Odaily, DeFi Technologies has announced the submission of a 40-F registration statement to the U.S. Securities and Exchange Commission (SEC) as part of its preparations to list on the Nasdaq Stock Market. The company clarified that the listing of its common shares on Nasdaq is contingent upon receiving approval from Nasdaq and meeting all applicable listing and regulatory requirements, including the SEC declaring the 40-F form effective. The company's shares will continue to be listed on the Cboe Canada under the ticker symbol DEFI and traded on the over-the-counter market under the symbol DEFTF.DeFi Technologies serves as the parent company to several cryptocurrency-focused subsidiaries, notably including the exchange-traded fund (ETF) operator Valour. This move to list on Nasdaq represents a significant step for the company, which aims to expand its presence and accessibility in the U.S. market. The announcement underscores the company's commitment to adhering to regulatory standards and enhancing its market position through strategic listings.

According to CoinDesk, more than 40 financial firms will join the Bank for International Settlements (BIS) to explore how tokenization can enhance wholesale cross-border payments in Project Agorá. The initiative aims to combine wholesale central bank money with tokenized commercial bank deposits, the BIS announced on Monday.The financial firms were selected by the BIS following a public call for participation in May. Project Agorá will now enter its design phase, focusing on the digitization of real-world assets. Tokenization, a technology several countries are exploring, is at the core of this project. The BIS launched Project Agorá in April, bringing together seven monetary authorities from the U.K., Japan, South Korea, Mexico, Switzerland, the U.S., and Europe.The project builds on the BIS's unified ledger concept and aims to investigate how tokenized commercial bank deposits can be seamlessly integrated with tokenized wholesale central bank money in a public-private programmable core financial platform. This major public-private partnership seeks to address several structural inefficiencies in current payment systems, particularly in cross-border transactions.The BIS highlighted the challenges for cross-border payments, including different legal, regulatory, and technical requirements, as well as varying operating hours. Project Agorá aims to overcome these obstacles and improve the efficiency of international payments.

According to PANews, Whale Alert has reported that the USDC Treasury has destroyed 50,750,000 USDC tokens on the Ethereum blockchain. This significant move was detected and highlighted by Whale Alert, a platform known for tracking large cryptocurrency transactions. The destruction of these tokens is part of the ongoing efforts to manage the supply and demand dynamics of the USDC stablecoin, which is pegged to the US dollar. The reasons behind this specific destruction event have not been disclosed, but such actions are typically undertaken to maintain the stability and value of the stablecoin in the market. The Ethereum blockchain continues to be a major platform for various cryptocurrency activities, including the issuance and destruction of tokens like USDC.

According to Cointelegraph, BaseBros Fi, a yield optimization decentralized finance (DeFi) protocol on the Base blockchain, vanished from the internet after allegedly stealing its users’ investments through an unaudited smart contract.Source: BaseBrosFiOn September 13, BaseBros deleted its official website and social media accounts on X and Telegram. Blockchain security firm Chain Audits, which had previously audited some BaseBros smart contracts, discovered that the DeFi project orchestrated a rug pull via an unaudited and unverified Vault contract. BaseBros had approximately 2,000 followers on X and over 3,300 members on Telegram before its disappearance.Source: Chain AuditsChain Audits claimed it had audited four of the five smart contracts used in the BaseBros project. However, the contract that facilitated the rug pull (Vault Contract) was not included in their audit scope nor verified on the blockchain. This unaudited contract contained a backdoor vulnerability, allowing the company owners to withdraw funds deposited into the ‘Strategy’ contract.Source: CyversThe rug pull event was initially wrongly assumed to impact the Seamless protocol due to similar contract labeling. According to blockchain investigator Cyvers, the bad actor siphoned $130,000 worth of stolen funds through the crypto mixing service Tornado Cash. Seamless conducted an internal investigation and declared the protocol and its investors’ funds safe from any attacks. Chain Audits also confirmed that BaseBros Fi was the only protocol affected that lost funds from multiple pools.Recently, a seasoned hacker appreciated the attacker responsible for DeFi protocol Penpie’s $27 million hack. The Penpie hacker received an on-chain appreciation message from the Euler Finance hacker, who had stolen $195 million in March 2023. The Euler Finance hacker had returned 90% of the stolen funds in return for legal immunity and a 10% reward.

According to Odaily, Cyvers Alerts has detected a suspected attack on the DeltaPrime DeFi project on the ARB chain. It appears that the administrator may have lost their private key. The suspicious address is continuously transferring assets, and so far, the affected liquidity pools include DPUSDC, DPARB, and DPBTCb. The attacker has already converted USDC into ETH. As of now, the estimated total loss is around $4.5 million, and the attack is still ongoing, which means the total loss could increase.

According to PANews, Vitalik Buterin recently shared his thoughts on the early-stage developments in the cryptocurrency sector. Responding to a user on X, Buterin emphasized the importance of Layer 2 (L2) solutions becoming affordable. He noted that since 2020, he has been advocating for the necessity of low transaction fees for the broader crypto ecosystem to function effectively beyond just high-value DeFi applications. This vision only started to materialize in March of this year.Buterin also highlighted two other significant early-stage developments. Firstly, the maturation and practical use cases of ZK-SNARKs, citing examples such as zupass, railway, 0xbow, and rarimo. Secondly, he mentioned the advancements in account abstraction and ZK-email, along with similar centralized ID zk-wrappers. These innovations are crucial for the continued evolution and adoption of blockchain technology.

According to Odaily, Uniswap Labs has revealed on the X platform that the number of tokens traded on the Uniswap protocol this year has reached 993,425. This milestone highlights the growing diversity and activity within the decentralized exchange ecosystem. Uniswap continues to be a significant player in the decentralized finance (DeFi) space, offering a wide range of trading options for users globally.

According to Foresight News, the DeFi protocol Sky (formerly MakerDAO) has released its second notice regarding the withdrawal of WBTC-A, WBTC-B, WBTC-C, and WBTC from SparkLend. The plan, outlined by Block Analitica, details that the withdrawal of WBTC from traditional vaults (WBTC-A, WBTC-B, and WBTC-C) and SparkLend will be executed in multiple steps through several executive votes, pending governance approval. The withdrawal process is expected to commence with an administrative vote on September 26, 2024. Users of traditional vaults and SparkLend holding WBTC are advised to follow Block Analitica's recommendations and close their positions with WBTC collateral to avoid liquidation. This step is crucial to ensure a smooth transition and mitigate potential risks associated with the withdrawal process.

According to Odaily, DeFi management platform DeFi Saver will begin supporting Sky Protocol's functionalities on September 18. This update will include support for SKY and USDS tokens.

According to Odaily, recent data from IntoTheBlock reveals that Arbitrum currently accounts for over 14% of the total trading volume on decentralized exchanges (DEX). Despite this significant market presence, only 2% of ARB token holders are in a profitable position.

According to Odaily, MakerDAO is set to vote on a proposal to completely remove wBTC from its ecosystem, a significant development for the DeFi sector given the platform's $200 million wBTC collateral loans. On Thursday, BA Labs proposed a five-step plan to gradually eliminate all wBTC collateral exposure, starting on September 26. Each step will be subject to a vote. BA Labs stated in its proposal, 'We found that legal due diligence could not provide sufficient assurance.' If the proposal is approved, BA Labs suggests introducing alternative products to the platform. Currently, on Sky's lending platform SparkLend, wBTC collateral loans are valued at approximately $73 million, while the legacy vault under Sky holds about $127 million in wBTC-collateralized debt.

According to Foresight News, Aave has proposed the integration of Coinbase's new Bitcoin wrapper asset, cbBTC, into its v3 version. The proposal, announced on the Aave governance forum, aims to deploy cbBTC on both the Base chain and the Ethereum mainnet. This initiative, submitted by the Aave Chan Initiative (ACI), seeks to expand the options for Bitcoin holders to participate in decentralized finance (DeFi) activities on Aave.