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Lakshya Baskar

I specialize in Web3 and crypto writing, producing clear, research-driven content on blockchain, cryptocurrencies, and market trends.

Posts by Lakshya Baskar

Balance Coin

42DAO Oracle Exploit Crashes Balance Coin (BLC) 99% After $912K DeFi Hack

One flaw in the price-setting mechanism of 42DAO led to one of the most recent disruptions in the decentralized finance ecosystem this year. Hackers took advantage of the vulnerabilities in the oracle design of the protocol. This resulted in the theft of about $912,000 and dropping Balance Coin (BLC) by

July 22, 2026 2 mins read
Secondfi

SecondFi Reveals Cause of $2.6M ADA Breach as ZK Recovery Tool Nears Launch

SecondFi opened up on the security incident which resulted in the loss of approximately 16.1 million of ADA. TAttackers stole approximately 16.1 million ADA, worth around $2.6 million, from 374 wallets between June 21 and June 23. SecondFi conducted an independent forensic investigation while continuing with their recovery operations and

July 22, 2026 2 mins read
Twenty One capital

Twenty One Capital CEO Jack Mallers Resigns After Bitcoin Strategy Dispute

Jack Mallers has resigned from his position as the CEO of Twenty One Capital due to strategic disagreements with the company’s leadership. Mallers has stated this in a video statement, stating that he and the company’s leadership no longer agreed on the company’s future. He emphasized that it was not

July 22, 2026 2 mins read
Grayscale

Grayscale Files First Spot Worldcoin ETF With SEC Under GWLD Ticker 

The firm of Grayscale Investments has filed a Form S-1 registration statement with the United States Securities and Exchange Commission (SEC) to introduce another cryptocurrency exchange-traded fund to its family of funds. The proposed fund aims at getting listed on the Nasdaq exchange under the ticker GWLD and would give

July 21, 2026 2 mins read
Robinhood

Coinbase and Base Prepare 1:1 Tokenized Stock Launch to Challenge Robinhood

Since Robinhood introduced tokenized stocks as an innovation, Coinbase-supported Base has intensified efforts to develop tokenized stocks on blockchain platforms. In an interview on July 21, 2026, Base founder Jesse Pollak revealed that Robinhood had gotten ahead in this aspect through tokenized stock offerings on blockchain networks. On July 1,

July 21, 2026 2 mins read
hyperliquid

Hyperliquid Introduces HIP-4 Upgrade as Prediction Market Demand Surges

The decentralized exchange Hyperliquid announced on July 20 its plans regarding the democratization of the process of creating on-chain prediction markets. The upcoming HIP-4 update of the protocol will permit permissionless deployment. By removing the process from the control of validator deployment only.  The validators will be able to vote

July 20, 2026 2 mins read
Aurora

Aurora EVM Network Halts Mainnet Operations as TVL Collapses 99% From Peak

Aurora suffered a full outage of the mainnet in the early hours of July 20, 2026, following the unexpected halt of block production at 2:16:11 a.m. UTC, as reported by Onchain Lens. This caused an immediate interruption of transactions and smart contract executions on the network. ⚠️ JUST IN: Aurora

July 20, 2026 2 mins read
Allbridge

Allbridge Suspends Core Protocol After $1.65M Solana Flash Loan Exploit

Cross-chain platform AllBridge Core shut down its operations following a security issue that resulted in the loss of $1.65 million on Sunday. The hack specifically occurred within the AllBridge Core deployment on the Solana blockchain. The attacker transferred the funds stolen via the bridge from Solana to the Ethereum blockchain.

July 20, 2026 2 mins read
FTX

FTX Bankruptcy Estate Plans $900 Million Distribution, Total Payouts Hit $10 Billion

The remains of the defunct crypto exchange FTX will be initiating yet another massive distribution of funds this month. The bankruptcy estate will start the distribution of approximately $900 million to eligible global creditors from July 31, 2026. This very important step comes at the end of a highly organized

July 18, 2026 2 mins read