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Showing posts with the label blockchain news

Lido node operator to rotate keys after security firm flags vulnerability

InfStones, a Lido node operator, will rotate its validator keys followng a vulnerability disclosure by blockchain security firm dWallet Labs. The vulnerability was acknowledged by Lido, which said its security team was working with the node operator to assess the scope and potential impact. InfStones, a blockchain infrastructure provider and one of the key node operators for liquid staking protocol Lido Finance, will look to address a recent vulnerability issue by rotating its validator keys. The platform is expected to take the security step by temporarily withdrawing its Ethereum validators from Lido.  Why is InfStones taking this security measure? InfStones’ move follows the discovery of a security threat connected to the open-source library Tailon in July, and which was disclosed by researchers at blockchain security platform dWallet Labs. That chain of vulnerabilities at InfStones that put over $1 billion worth of assets at risk. The dWal...

Valkyrie’s Ethereum ETF Futures Approval Sparks ETH Rally and Liquidations

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Valkyrie Investments has achieved a significant milestone by gaining approval for the first-ever exchange-traded fund ( ETF ) featuring Ethereum (ETH) futures, leading to a surge in ETH prices and a wave of liquidations. Within the last 24 hours, ETH prices experienced a notable increase, liquidating more than $11 million worth of ETH short positions. The total liquidation value during this period amounted to $13.78 million, with Ethereum shorts accounting for most of the liquidations. Liquidations occur when traders close out their positions in the market due to reaching a certain price level, often resulting in losses for the involved traders. Short liquidations happen when traders who have bet on a price decrease are forced to close their positions due to a rise in the cryptocurrency’s price. In contrast, long liquidations occur when traders who have speculated on a price increase are compelled to close their positions due to a price drop. On the OKX exchange, ETH liquidat...