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Core says the incident is contained and its planned forward upgrade will not roll back the network or reverse previously confirmed transactions. Core DAO is coordinating an emergency hard fork after validators claimed more CORE rewards than the blockchain intended to issue.  In an update, Core said the incident had been contained and that “malicious validators” could no longer draw excess rewards. It said the fork would be a forward upgrade and would not roll back the network or reverse any previously confirmed transactions.  This followed an earlier status update on Monday, in which Core said a small number of validators had accrued rewards significantly above the protocol’s intended issuance. It said the incident was limited to reward issuance and that user assets remained safe, adding that it would publish a technical postmortem.  Read more

Coinbase paused CORE sends and receives while LBank suspended deposits, but Core has not quantified the excess rewards. The post A validator reward failure on Core DAO triggers exchange transfer blocks and leaves token issuance in question appeared first on CryptoSlate.

After four years contributing, BGD Labs said it would be leaving the DAO, citing changes to the organization and taking an “adversarial position“ to its liquidity protocol. BGD Labs, a core technical contributor to decentralized finance protocol Aave, said it will conclude its involvement with the project’s DAO on April 1 after four years. In a Friday forum post on Aave, BGD cited an “asymmetric organizational scenario,” which it said the DAO has “badly executed” without consideration of contributors’ expertise. The contributor added that Aave had taken an “adversarial position” of the third version (v3) of its protocol to promote features in the fourth (v4). “While all previous points that BGD should just keep contributing on the v3 side exclusively, the situation created makes it nonsensical to us: every time we think/will think about improving v3, there will be some type of implicit/explicit artificial constraint,” said BGD. “We are not really interested in being in that position, as we think it is a waste...

The new solution aims to create a sustainable revenue stream for builders, which may enable them to move away from fundraising via cryptocurrency launches. The Core Foundation, the organization behind the Core blockchain, is launching a new revenue-sharing mechanism for the Web3 industry intended to shake up how stablecoin issuers and developers raise funds. Rev+ claims to be the first protocol-level program that directly rewards developers, stablecoin issuers and decentralized autonomous organizations (DAOs) based on their created user value. Once launched, it will allow projects to earn revenue from user-generated gas fees on their blockchain applications. It could provide a sustainable revenue stream for developers, who were previously forced to launch cryptocurrencies to raise project funds. Read more

Core 30 will relay larger OP_RETURN transactions by default, making Bitcoin more open to non-monetary data use cases.

A debate has erupted among the Bitcoin community over a joint statement released by 31 Bitcoin Core developers on June 6. In their statement, the developers argued that while the new transaction relay policy might lead to more non-financial use cases, protecting censorship resistance is one of the core tenets of the blockchain. The developers […] The post Bitcoin community is divided over Core devs’ statement on transaction relay appeared first on CryptoSlate.

In Q1 2025, Core’s native DeFi TVL increased 40% QoQ to 1.1 billion CORE, while it decreased 34% in USD to $531.3 million due to a 53% QoQ CORE price decline to $0.50. Market cap rose 6% QoQ to $981.1 million, reflecting a 3% increase in circulating supply. Network activity declined, with average daily transactions falling 27% QoQ to 402,900, active addresses dropping 25% QoQ to 188,000, and DEX volume decreasing 74% QoQ to $623,400. Total CORE and BTC staked (USD) fell 17% QoQ to $629.1 million, with BTC staked down 15% to 5.500 million and CORE staked up 3% to 175.1 million. The liquid staking rate rose 52% QoQ to 11%, with stCORE supply increasing 57% to $8.6 million. Core initiated Season 3 of the Sparks Incentive Program on March 12, resetting Sparks (points) and adding new multipliers and application campaigns. Additionally, the Core Commit Program began with a cohort of 10 developer teams working on BTCFi, DeFi, and infrastructure projects. Colend, Pell Network, and BitFLUX led DeFi TVL in Q1. Future d...