Shield Mining: Yearn Finance's V1 Version Suffers an Attack, Losing $300,000
On December 17, PeckShieldAlert reported that Yearn Finance’s V1 decentralized finance (DeFi) protocol was attacked, leading to total losses of roughly $300,000. The attacker converted the stolen funds into 103 ETH.
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Flow Ecosystem Mainstream Wallet Blocto Announces Shutdown, FLOW Price Drops Over 99% Leading to Prolonged Project Losses, Unsuccessful Attempts to Meet with Leadership Over Six-Month Period
On December 17, cross-chain smart wallet project Blocto shared on social media:
“After serving over 2 million users for five years, we’re announcing with heavy hearts that Blocto Wallet will cease operations.
As one of Flow’s earliest ecosystem supporters, Blocto built key infrastructure for the network—including the Blocto Wallet, BloctoSwap, Blocto Cross-chain Bridge, and BloctoBay. We also ran the most widely used FLOW staking node and collaborated with top projects to serve millions of users; we’re incredibly proud of that work.
However, focusing solely on building great products isn’t always sustainable. The FLOW token’s price has plummeted from nearly $40 in 2021 to under $0.3 today (a 99%+ drop), leaving Blocto operating at a steep loss. Over the past few years, we’ve racked up over $5.5 million in losses to maintain community services—but this can’t go on forever.
When we realized our operating funds were running out, we started reaching out to Flow/Dapper leadershi
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Suspected BitMine Address received 48,049 ETH from FalconX 5 hours ago
Per LookOnChain monitoring data, a wallet suspected of being tied to BitMine received an additional 48,049 ETH from FalconX 5 hours ago on December 17, with the transfer valued at approximately $140.58 million.
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Bitwise: Bitcoin is expected to reach a new all-time high in 2026, the halving effect has significantly diminished, and the emergence of 10.11 has reduced the likelihood of a major market crash.
December 17
Cryptocurrency investment firm and index fund manager Bitwise says Bitcoin will hit a new all-time high in 2026, despite a two-month slump.
Bitwise CEO Matt Hougan noted that Bitcoin has historically followed a four-year cycle—three years of strong growth followed by a deep pullback year. Under that cycle, 2026 would typically be a pullback year. But we don’t think that’s going to happen.
In our view, the key drivers of that four-year cycle—Bitcoin halvings, interest rate cycles, and crypto market swings tied to leverage—have weakened significantly compared to past cycles.
- **Halving Impact**: Each subsequent Bitcoin halving is, by definition, only half as impactful as the one before it.
- **Interest Rates**: Rates spiked sharply in 2018 and 2022, weighing on prices—but we expect rates to fall in 2026.
- **Bubble Risk**: After record liquidations in October 2025, relative deleveraging and better regulation have cut the odds of a major market crash.
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16 minutes ago
「Buddy」 deposited approximately 1.2 million U into Hyperliquid again 7 hours ago to continue longing ETH
On December 17th, per Hyperinsight data, “Big Brother MaJi” Huang Licheng deposited ~1.1997 million USDC to Hyperliquid again 7 hours ago to continue longing ETH.
This capital has since been used to open a 25x-leveraged ETH long position: the position size is 4050 ETH (worth ~$1.19 million), with a liquidation price of $2,694.
To date, “Big Brother MaJi” has amassed total losses of $21.21 million on Hyperliquid.
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The Bank of Canada will only approve high-quality stablecoins pegged to central bank digital currency
December 17 — The Bank of Canada has explicitly stated it will only approve “high-quality” stablecoins pegged to central bank currencies under upcoming 2026 regulations, aiming to turn them into “sound money” akin to banknotes or bank deposits.
Bank of Canada Governor Tiff Macklem made the remarks Tuesday at the Montreal Chamber of Commerce. He emphasized stablecoins must maintain a 1:1 peg to central bank currencies and be backed by “high-quality liquid assets” — typically Treasury bills and government bonds — that are easily convertible to cash.
The announcement comes on the heels of Canada’s lengthy “2025 Budget Report” released in early November, which outlined requirements for stablecoin issuers: holding sufficient reserves, establishing redemption policies, implementing risk management frameworks (including personal and financial data protection) and adhering to other safeguards.
“Our goal is to ensure Canadians can safely tap into the innovative potential of stablecoins
16 minutes ago
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