protocol

According to the official announcement from Binance, the Binance HODLer airdrop has launched the 62nd project FabricProtocol (ROBO). From March 4, 2026, 08:00 to March 7, 2026, 07:59 (Beijing time), users who purchase BNB to the Earn platform (flexible, fixed) and/or on-chain yield products will be eligible to receive ROBO airdrop allocations.Airdrop rewards are expected to be distributed to eligible users' spot wallets within 5 hours after the release of this announcement.

From March 4, 2026, 08:00 to March 7, 2026, 07:59, users who purchase principal-protected earning products or on-chain earning products using BNB on Binance will receive HODLer airdrop rewards of Fabric Protocol (ROBO). The airdrop is expected to be distributed to users' spot accounts within 5 hours after the announcement is made.

According to the official announcement, Bithumb will launch the Fabric Protocol (ROBO) KRW trading pair.

Layer 1 blockchain Injective announced that it will support the native issuance of USDC and integrate the cross-chain transfer protocol (CCTP) developed by Circle, allowing USDC to be directly transferred between supported blockchains.This integration will enable USDC to be natively issued on Injective, rather than through a bridged version, allowing users to transfer USDC between Injective and other networks without relying on wrapped assets or third-party bridges. CCTP reduces bridging-related risks by destroying USDC on the source chain and minting an equivalent amount of USDC on the target chain.

Venus Protocol released a statement regarding the THE market event, stating that this incident was not a flash loan attack, but rather a result of the attacker exploiting a supply cap vulnerability in the old code of the protocol. The team indicated that the attacker had been accumulating THE tokens for about 9 months, gradually establishing a dominant supply position on Venus.The announcement pointed out that the attacker bypassed the normal deposit process by directly transferring THE tokens into the protocol contract, thereby breaking through the supply cap limit of 14.5 million THE. They manipulated DEX prices by taking advantage of the low on-chain liquidity. As the external price was gradually reflected by the TWAP oracle, the attacker borrowed assets (such as CAKE, BNB, etc.) against the inflated collateral value, then bought more THE to drive up the price, and continuously transferred THE into the vTHE market to increase the collateral value. This cycle once pushed the price from about $0.27 to about $0.53, ultimately leaving bad debt in the protocol after the positions were liquidated.Venus stated that it has currently suspended the THE market, reduced its collateral factor to 0, and suspended withdrawals. Additionally, as a precautionary measure, the collateral factors for 8 markets including BCH, LTC, AAVE, POL, FIL, TWT, UNI, and lisUSD have also been reduced to 0. The team and security partners are continuing to investigate and will release a complete post-analysis report in the future.

According to Arkham data, at 14:03, 500,000 UNI (worth approximately $2.03 million) were transferred from Ring Protocol to an anonymous address (starting with 0x4F0A...).

A wallet address that received 7,447 ETH (approximately $16.29 million) from Tornado Cash, "0x7a7," is suspected to be behind the CAKE/THE liquidation cascade event on Venus Protocol.The attacker borrowed $9.92 million in stablecoins using ETH as collateral on Aave, then hoarded a large amount of THE and allegedly manipulated the price upwards on centralized exchanges, subsequently depositing 36.1 million THE into Venus to borrow assets like BTC, BNB, and CAKE.About 40 minutes later, the price of THE collapsed, triggering a series of liquidations, resulting in $2.15 million in bad debts for Venus. The attacker extracted approximately $5.07 million in assets, with actual profits potentially being higher—mainly from short positions on centralized exchanges during the crash.

Venus Protocol announced on the X platform that, in light of the ongoing investigation into the abnormal activities in the THE fund pool, precautionary measures have been taken to immediately suspend all THE borrowing and withdrawals to prevent any further abuse. This measure will remain in effect until the investigation is concluded. All other markets are unaffected and will continue to operate normally.

Venus Protocol posted on platform X that there is unusual activity in the THE liquidity pool and is actively investigating. Currently, it seems that only the THE and CAKE markets are affected.

According to market news, the BNB Chain lending protocol Venus Protocol is suspected of experiencing a flash loan attack, leading to a large-scale liquidation of the related token THE. According to KOL 土澳大师兄, the attacker's wallet currently holds assets worth about 3.6 million USD, having obtained approximately 20 BTC, 1.5 million CAKE, and about 200 BNB.At the same time, the liquidation of THE is still ongoing, with approximately 42 million THE awaiting liquidation, valued at about 14 million USD.

According to market news, the decentralized lending trading protocol Ammalgam has officially launched its mainnet, integrating lending, market making, and trading into a comprehensive on-chain liquidity system that supports the reuse of funds across different strategies to enhance LP capital efficiency.The project previously completed a $2.5 million seed round of financing, with investors including Lightspeed Faction, Framework Ventures, and others. Ammalgam has abandoned external oracles and instead directly utilizes on-chain executable liquidity pricing and risk control to reduce the risks of price manipulation and oracle failure. It has simultaneously launched a strategy Vault based on Lagoon Finance infrastructure, allowing users to deposit assets such as USDC, ETH, and BTC into Vaults vetted by curators, obtaining ERC-7540 share certificates to passively participate in complex DeFi strategies like leverage and rebalancing, with redemptions executed according to the announced settlement windows and fees.

According to official news, the yield-bearing stablecoin protocol Unitas has completed a $13.33 million seed round financing, with participation from Awaken Finance, Amber Group, Blockchain Builders Fund, Taisu Ventures, Bixin Ventures, and SevenX Ventures.It is reported that the new funds will be used to expand strategic development, strengthen infrastructure and risk systems, support compliant institutional access, and promote the integration of the DeFi ecosystem.

The decentralized AI infrastructure platform 0G Labs has announced its integration with the cross-chain liquidity protocol Euclid Protocol. This collaboration aims to combine 0G's decentralized AI infrastructure with frictionless cross-chain liquidity, enabling users to swap assets between any chains without relying on traditional cross-chain bridges.

The development team behind Across Protocol, Risk Labs, has proposed to dissolve the existing DAO structure and transform the project into a U.S. C Corporation. The team pointed out that the current token and DAO architecture have significantly impacted its ability to collaborate with institutional and corporate partners, and a traditional corporate structure will help explore new business opportunities.According to the proposal, ACX token holders can choose to exchange their tokens for equity in the new company at a 1:1 ratio or redeem them for USDC at a price of $0.04375 each, which is a 25% premium over the average price of the past 30 days. Holders of over 5 million tokens can directly convert to equity, while smaller holders can participate through a Special Purpose Vehicle (SPV).After the announcement, ACX surged 70% in a single day to $0.06. The redemption window is expected to open within three months after the proposal is approved, lasting for six months. Co-founder Hart Lambur emphasized that the formal decision must be approved by a DAO vote.

Stablecoin protocol Apyx announced an increase in its holdings of 200,000 shares of Strategy perpetual preferred stock STRC (approximately $20 million), raising its total holdings to 255,000 shares.

According to The Block, Across Protocol has initiated a temperature check proposal to explore transforming the existing DAO and token structure into a U.S. C Corporation and equity structure.Under this proposal, the new entity AcrossCo will become the operating company of Across Protocol, and ACX token holders will have the option to exchange their tokens for equity in AcrossCo on a 1:1 basis, or redeem ACX for USDC at the average market price over a month within a six-month window. Larger holders can directly exchange for equity, while smaller holders can participate through a free special purpose entity structure.Hart Lambur, co-founder of Across Protocol, stated that if community feedback is positive, the team will initiate a formal governance vote two weeks after the temperature check concludes, with a simple majority determining the outcome. The team noted that the current DAO structure has limitations in executable contracts and clear legal entities as the demand from institutional partners for protocol infrastructure grows.Across Protocol previously raised a total of $51 million through two rounds of token financing, with the most recent round raising $41 million led by Paradigm, with participation from Bain Capital Crypto, Coinbase Ventures, and Multicoin Capital. The current price of the ACX token is approximately $0.035, having risen about 4% in the past 24 hours and fallen about 84% over the past year.

Lido announced that Aave's CAPO oracle misquoted yesterday, leading to incorrect price boundaries for wstETH:USD in the AAVE market, which triggered liquidation events. There was no bad debt, and all affected users will be fully compensated.These erroneous price boundaries are unrelated to wstETH as the underlying asset and do not indicate any issues with the Lido protocol. The Lido Earn products, including stRATEGY and GGV, were not affected by this liquidation, and user funds remain secure.

Sky Protocol announced on platform X that it has proposed to temporarily reduce the programmatic SKY buyback ratio based on net profit from 75% to approximately 7.5% over the next 3 months. This is intended to strengthen the protocol's capital base and the backing capacity of USDS. Voting will be open until March 12 at 16:00 (UTC).