CESR (Composite Ethereum Staking Rate) is becoming the institutional reference rate for Ethereum, providing investors with a transparent benchmark for staking yields. The index covers factors such as block rewards and transaction fees, and supports derivatives trading. Industry participants believe that CESR will promote the growth of Ethereum investment products and become an important tool in the crypto asset market.
Balancer Labs, the parent company of decentralized exchange Balancer, announced its closure due to substantial losses from a hacker attack last year. Nevertheless, the Balancer protocol will continue to be operated by the Balancer DAO and foundation, generating revenue. The core team will be integrated into a new entity, with no new BAL tokens issued. All fees will be used for buybacks of existing tokens, providing investors with fair exit opportunities. The current DeFi sector is facing reorganization, with the next 12 months being a crucial test for industry recovery.
BlockBeats News: On March 25, Japanese Bitcoin crypto treasury (DAT) company Metaplanet announced the launch of the shareholder-exclusive credit card "Metaplanet Card," which will be put into use this summer. Cardholding shareholders will automatically receive 1.6% cashback in equivalent Bitcoin on daily consumption purchases, converting every card swipe into direct Bitcoin investment.
Tether announced signing contracts with the Big Four accounting firms to conduct a comprehensive audit of its USDT reserves, marking the largest-scale inaugural audit in financial market history and a significant milestone in reserve transparency. This move will boost market confidence and drive compliance and mainstream adoption of stablecoins.
Fluid officially announced that the debt repayment work for the Resolv hacker incident is still ongoing, with approximately $70 million in debt already repaid, and the remaining balance expected to be settled in the near term. Meanwhile, a governance proposal has been released to transfer the remaining debt to the team's multi-signature address for liquidation, the compensation plan will be announced soon, platform operations are normal, and user funds are secure.
Fluid Official Update on Resolv Security Incident: 70 million USD in USR debt has been repaid, with the remaining balance to be settled within days. Additionally, a governance proposal has been released, planning to transfer the remaining debt to a multi-signature address for further liquidation, and compensation plans will be announced soon. Platform operations are running normally.