What is Chainlink? How DeFi gets its prices, plus CCIP and LINK staking
Smart contracts cannot see the outside world, so lending apps rely on oracles like Chainlink to tell them what ether is worth. Chainlink also moves tokens between chains through CCIP, and LINK pays and backs the node operators who do the work.
What is a layer 2? Rollups, proofs and why no big L2 is Stage 2 yet
A layer 2 is a separate blockchain that runs transactions cheaply and settles them on Ethereum, using fraud proofs or validity proofs to show its state is correct. L2BEAT tracks about $30 billion in L2s, and its Stages show how much control each team still holds.
Sui promised Hashi in October with $500 million pledged. Its own page still says testnet
Hashi is Sui's plan to let native bitcoin back loans on Sui. The Sui Foundation said mainnet would go live in October. On November 2, the official Hashi page still read "Now on Sui Testnet".
Lisk shuts its chain October 31 and burns a quarter of LSK. Tokens left behind are lost
Lisk set October 31, 2026, as the last day of its own blockchain and its DAO. It is burning 100 million LSK, a quarter of supply, and is turning the token into a loyalty reward on Ethereum. Anything not bridged out in time is lost, the project says.
Four years after the Nomad Bridge hack, a man is extradited to the US over $2.89 million
Prosecutors say Alexander Gurevich ran four exploit transactions against the Nomad Bridge on August 1, 2022, taking 103 WBTC and 300 WETH. It is the second old DeFi exploit case to reach a US courtroom this month, three weeks after the Uranium Finance hacker's conviction was announced.
Native bitcoin as Aave collateral? Babylon's plan starts with a 300 BTC cap
Babylon Labs wants Aave V4 to accept bitcoin that never leaves the Bitcoin chain, with no wrapper or custodian. Aave Labs says the integration works and LlamaRisk has set a 300 BTC starting cap, but a Snapshot vote is still to come.
A Liquid bug minted 4,000 unbacked L-BTC. Eight weeks on, the reserve is 550 BTC short
An attacker used a flaw in Liquid's software to create unbacked tokens and redeem them for about $319 million in real bitcoin, then sent 85% back. The reserve is still 550 BTC short and direct redemptions stay paused.