California
California bans public officials from issuing meme coins
California Governor Gavin Newsom signs AB 2409, banning covered public officials from issuing meme coins and setting 2027 listing rules.
governance
Flare
Flare tokenomics revamp drives staking to 21.5B FLR
Flare has recorded a roughly 34% increase in staked FLR since July, taking the total to 21.5 billion tokens as its revised economic model cuts inflation…
bank
OpenReserve wins initial OCC approval for U.S. bank
OpenReserve received preliminary OCC approval for an insured national bank but must raise $210 million and meet preopening requirements.
Crypto Theft
Term Labs recovers fixed-rate positions after $8.5M governance attack
Term Labs has recovered all fixed-rate loan positions held in vaults affected by its August governance exploit, with the final position moved on Aug. 25 as…
DeFi Exploit
YAM Finance governance attack puts $337K in assets at risk
YAM Finance has faced a governance takeover attempt after an attacker accumulated enough delegated YAM voting power to submit a proposal that could hand over control…
governance
Solana inflation cut clears vote with 67% support
Solana’s proposal to double its annual disinflation rate has cleared a governance vote with 67% support, placing the network on course to reduce projected SOL issuance…
DAO
Term Finance closes Meta Vaults after estimated $8.5M attack
Term Finance has permanently closed its Meta Vaults and removed their DAO governance powers after an attacker drained an estimated $8.5 million in ETH and stablecoins.…
DeFi
The $8.5M DAO heist that cost $951 to pull off: how Term Labs got governance hijacked
An attacker bought a controlling stake in a DAO governance token for less than $1,000, passed malicious proposals, and drained $8.5 million from strategy vaults. The…
fees
Solana validators vote on 3 major network reforms
Solana validators are voting on a network constitution, faster disinflation and transaction fee reforms through Thursday.
Binance
Binance says it stopped $1.2M DAO governance attack
Binance says it helped stop a malicious DAO proposal that threatened $1.2 million in treasury tokens, with no funds reportedly lost.