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Term Finance, a decentralized lending platform, has managed to recover $1 million after suffering a $1.6 million loss triggered by a critical oracle error, according to an official announcement released today. The incident occurred when a malfunction in the oracle service feeding asset prices into the protocol caused incorrect valuations, leading to a series of forced liquidations. These liquidations affected …

Nike is facing a $5 million lawsuit after the abrupt shutdown of its once-promising NFT project, highlighting the growing legal risks associated with the volatile digital collectibles market. According to court documents filed this week, a group of investors has sued Nike, alleging that the company misrepresented the long-term viability and value of NFTs sold under its now-defunct initiative. The …

Crypto exchange Bitget has filed legal action against eight trading accounts allegedly involved in manipulating the price of VOXEL tokens, resulting in over $20 million in damages. In a statement released today, Bitget said it uncovered a coordinated effort by the accounts to artificially inflate the market for VOXEL, the native token of the gaming platform Voxies. The exchange alleges …

A regional governor in Russia has proposed an innovative solution to revive struggling Bitcoin mining operations by harnessing excess natural gas supplies. Amid growing challenges for miners, including rising energy costs and regulatory uncertainties, the initiative seeks to turn untapped gas resources into a sustainable energy source for cryptocurrency mining. The proposal comes from the governor of Russia’s Irkutsk region, …

In a move poised to reshape the global blockchain landscape, the Trump-backed World Legal Finance Initiative (WLFI) has signed a Letter of Intent (LOI) with the Pakistan Crypto Council to jointly promote blockchain adoption across South Asia. The strategic partnership, announced today, signals a major step forward for blockchain development initiatives in emerging markets. WLFI, known for its focus on …