Santa Rosa's financial problems didn't appear overnight. Over the past three years, the city has watched its sales tax income shrink steadily, a trend that mirrors broader changes in how people shop. More purchases happen online now, and spending has shifted from goods to services, leaving local sto
The recent $292 million exploit in decentralized finance (DeFi) wasn’t just another crypto headline—it exposed how fragile these systems can be when trust breaks. The attack centered on rsETH, a token that represents staked ether, and left Aave—the biggest lending platform in DeFi—with a massive gap
The recent hack on the Solana-based Drift Protocol left a trail of stolen funds and a question mark over stablecoin trust. Within days, Tether’s USDT pushed past its own record cap while Circle’s USDC grew at half that speed. Why? Users pulled more than a billion dollars out of lending pools after t
Less than three weeks after North Korea-linked hackers used social tricks to steal from a crypto trading firm, they struck again. This time, they hit Kelp, a platform that helps crypto assets move between different blockchains. The attack didn’t involve breaking encryption or guessing passwords. Ins
Last weekend’s attack on Kelp, a liquid restaking protocol, drained nearly $300 million from its vaults. The hackers exploited weak spots in how Kelp moved assets between blockchains, a process called cross-chain bridging. This move didn’t just hurt Kelp—it rippled across several lending platforms.
A hack on a LayerZero bridge that lets people move rsETH tokens from one network to another went live Saturday, and the fallout was felt across DeFi. The attackers siphoned off about $291 million worth of rsETH, then used the stolen tokens to borrow money from Aave, one of the most trusted lending p
The UK is stepping up its game in cryptocurrency regulation, and the Financial Conduct Authority (FCA) just shared its roadmap. By 2027, crypto services like trading, storing coins, and issuing stablecoins will fall under stricter rules. But there’s a catch: firms can start applying for licenses as
A senator who began her career in the state legislature two decades ago remembers how Alaska’s budget keeps swinging between deficits and surpluses. The state relies on big chunks of federal money or high oil prices to pay for schools, roads and other services. When those sources shrink, the budget
A group of finance professionals who cut their teeth in traditional markets is launching a fresh take on crypto investing. Calling themselves Tok-Edge, they've quietly built a platform that mixes the rules of hedge funds with digital assets. After spending a year in stealth mode, they've just reveal
A few years ago, crypto promised big rewards for people willing to take on extra risks. The idea was simple: lock up your digital coins in lending platforms and earn more than your bank would give you. That deal no longer exists. Today, the top DeFi lending platform Aave offers less than 2% yearly
