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Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted

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The hacker’s wallet with more than $100K worth of USDT was blacklisted and frozen, while the Victim had been drained for almost $170K worth of NFTs and other assets.

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How to use tsUSDe on TON for yield-generating dollar savings

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Looking for a way to earn passive income on your crypto without riding the rollercoaster of volatile coins? TsUSDe (the staked version) on The Open Network (TON) might be the answer. It’s a dollar-pegged stablecoin that earns yield by design, and you can boost those earnings even more by putting it to work on platforms like STON.fi and DeDust.

Here’s how it works and how to get started in just a few steps.

What is tsUSDe, and why use it?

TsUSDe is a US dollar-backed stablecoin on the TON blockchain. It’s designed to earn a base yield of around 10% APY, paid out in Toncoin (TON). That means just holding it in your wallet earns you rewards — no extra steps needed.

But if you want to go a step further, you can use tsUSDe in liquidity pools or farms on TON-based platforms to unlock even more yield. It’s like putting your dollars to work while still staying in stable territory.

Where to earn yield with tsUSDe

Right now, two of the most active platforms for tsUSDe yield farming on TON are:

STON.fi — known for smooth UX and deep liquidity

DeDust — fast, lightweight and gaining traction fast.

Both let you pair tsUSDe with TON and stake your position to earn trading fees plus additional farming rewards.

Did you know? STON.fi has a built-in impermanent loss calculator to help you gauge risk before adding liquidity, while DeDust offers a full portfolio dashboard to track tokens, LPs and rewards in one place.

Step-by-step: How to earn yield with tsUSDe

1. Connect your wallet

Go to STON.fi or DeDust.io, connect your TON wallet, and make sure you have some TON in your balance to cover transaction fees.

2. Pick a tsUSDe liquidity pool

Head to the “Pools” or “Farms” section and find a tsUSDe/TON pool. You’ll see estimated APY numbers, which vary depending on trading volume and incentives. On STON.fi, for example, this pool sometimes hits 30%+ APY.

3. Add liquidity

Click “Add Liquidity,” then enter the amount of tsUSDe you want to supply. You’ll also need to supply the same dollar value in TON. Once confirmed, you’ll get LP (liquidity provider) tokens showing your share of the pool.

4. Stake to boost rewards

Now, stake those LP tokens to earn extra farming rewards. On STON.fi, look for the “Farm” button next to your position. On DeDust, use the “Boost” feature. Once staked, you’ll start earning even more TON on top of trading fees.

5. Monitor and claim rewards

You can check your rewards anytime and claim them whenever you want. You’re in full control; you can unstake or remove your liquidity whenever it suits you.

What are the benefits of passive income with tsUSDe?

Passive income with tsUSDe comes with unique advantages for users, including:

Dollar stability: tsUSDe aims to stay pegged to $1, so your base savings aren’t volatile.

Built-in APY: tsUSDe earns ~10% just sitting in your wallet.

Extra rewards: Farming lets you boost returns even more through TON incentives.

Non-custodial: You keep control of your assets the whole time.

What about the risks of TON stablecoin yield?

Earning yield with TON stablecoins comes with certain risks to be aware of, such as:

Impermanent loss: If TON’s price changes significantly, your share of the pool may shift, reducing your value when you withdraw.

Smart contract risk: As with any DeFi platform, there’s always a risk of bugs or exploits.

Stablecoin peg risk: tsUSDe is designed to stay at $1, but extreme situations could cause a temporary depeg.

Stick with well-known platforms and don’t invest more than you’re comfortable with.

Did you know? TON supports TON Proxy, a decentralized anonymity protocol inspired by networks like Tor and I2P. TON Proxy allows users and nodes to obfuscate their identities and traffic.

Earn APY with tsUSDe, but carefully

If you’re already holding tsUSDe, putting it to work on TON is a no-brainer. You get a solid base yield, plus a chance to earn more through farming — all while keeping your savings in dollars. Whether you go with STON.fi or DeDust, the setup is quick, and the returns can add up fast.

Start small, be aware of risks, monitor your rewards, and make your stablecoins work harder.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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SEC hacker counters prosecutors with 366-day sentencing recommendation

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Defense lawyers have asked a judge to sentence the person responsible for helping post a fake message announcing regulatory approval of Bitcoin exchange-traded funds to roughly a year in prison, countering prosecutors’ request for a two-year sentence.

In a May 13 filing in the US District Court for the District of Columbia, Eric Council Jr.’s legal team asked that he be sentenced to no more than one year and one day in prison following his guilty plea.

Council was part of a group that took control of the US Securities and Exchange Commission’s (SEC’s) X account in 2024 through a SIM swap attack, posting a message that suggested the regulator had approved spot Bitcoin (BTC) exchange-traded fund listings for the first time.

“A sentence of twelve months and one day serves the ends of justice,” said the May 13 filing. “It sufficiently punishes the defendant for his role in this case. It also promotes respect for the law and deters future criminal conduct.”

Eric Council Jr.’s sentencing recommendation, filed on May 13. Source: PACER

Council initially pleaded not guilty to the charges, but changed his plea to guilty in February on one count of conspiracy to commit aggravated identity theft and access device fraud. The judge overseeing the case, Amy Berman Jackson, also ordered prosecutors to “identify the felony and point to where that information can be found in the record” by May 13.

Prison sentence between 1 and 2 years?

The SEC hacker is scheduled to be sentenced on May 16. Prosecutors asked the judge to impose a two-year sentence on Council, saying he “profited through a sophisticated fraud scheme.” Court filings showed he earned roughly $50,000 through similar SIM swap attacks.

Related: ZKsync X hacker posts false SEC probe in apparent effort to crash token

Though Council’s case was likely winding down with his upcoming sentencing hearing, the DC court district could soon be under new leadership, potentially affecting the prosecution of crypto-related cases. On May 8, US President Donald Trump announced that Fox News host Jeanine Pirro would become the interim US attorney for the District of Columbia.

Magazine: SEC’s U-turn on crypto leaves key questions unanswered

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Yuga Labs sells CryptoPunks IP to Infinite Node Foundation

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Infinite Node Foundation (NODE), a nonprofit focused on digital art, has acquired the intellectual property of the CryptoPunks non-fungible token (NFT) collection from Yuga Labs, NODE said in a May 13 announcement. 

The acquisition of CryptoPunks, plus its additional $25 million endowment, establishes NODE as “the most well-capitalized nonprofit dedicated solely to digital art in the United States,” the foundation said in an X post. 

The terms of the deal were not disclosed. 

The nonprofit said it has assembled an advisory board to oversee the CryptoPunks collection. It comprises Matt Hall and John Watkinson — the artists behind the NFT collection — and a representative of Yuga Labs, among others. 

“Our role is to build a networked architecture that allows digital art like CryptoPunks to thrive within both digital and art-historical canons,” NODE said

The highest-grossing CryptoPunks NFTs. Source: CryptoPunks

Related: Doodles NFT token stalls after airdrop

Most valuable NFT collection

CryptoPunks are “algorithmically generated pixel art characters” that “changed the art world by existing outside of it and sparked a cultural shift that continues to reshape our digital world,” according to NODE.

It is the most valuable NFT collection, with a total market capitalization of nearly $1.2 billion across its 10,000 NFTs as of May 13, according to data from CoinGecko.

The CryptoPunks collection was launched in 2017 by Larva Labs, an NFT designer co-founded by Hall and Watkinson. 

Since then, the NFTs have clocked upward of $3 billion in sales, according to NODE. Each NFT sale creates royalties for the holders of the NFTs’ IP. 

In 2022, the highest-grossing CryptoPunk NFT sold for nearly $24 million, according to CryptoPunks’ website. The collection was purchased in 2022 by Yuga Labs, best known for designing the Bored Ape Yacht Club NFT collection — the third-largest NFT collection by market capitalization, according to CoinGecko. 

Yuga simultaneously purchased Meebits, another Larva NFT collection, before selling it in February.

In March, Yuga Labs said the US Securities and Exchange Commission (SEC) closed an investigation into the company in what it described as “a huge win for NFTs.”

Magazine: Meebits and CryptoPunks are like Hot Wheels for adults: New MeebCo owner Sergito

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