cascade

The multi-asset perpetual contract platform Cascade's Discord administrator MAX stated in the channel that the Cascade CLS treasury is suspected to have encountered a security vulnerability, resulting in a loss of approximately $1.3 million. The platform has currently suspended all trading and withdrawals, and has invited SEAL 911 and other third-party security teams to investigate and address the issue.Cascade supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.

A wallet address that received 7,447 ETH (approximately $16.29 million) from Tornado Cash, "0x7a7," is suspected to be behind the CAKE/THE liquidation cascade event on Venus Protocol.The attacker borrowed $9.92 million in stablecoins using ETH as collateral on Aave, then hoarded a large amount of THE and allegedly manipulated the price upwards on centralized exchanges, subsequently depositing 36.1 million THE into Venus to borrow assets like BTC, BNB, and CAKE.About 40 minutes later, the price of THE collapsed, triggering a series of liquidations, resulting in $2.15 million in bad debts for Venus. The attacker extracted approximately $5.07 million in assets, with actual profits potentially being higher—mainly from short positions on centralized exchanges during the crash.

According to tracking data from the Web3 asset data platform RootData X, in the past 7 days, the on-chain unified margin protocol Project 0 has gained the most followers among X (Twitter) top personalities. New influential figures following this project include well-known cryptocurrency trader Ansem (@blknoiz06), DeFi analyst Ignas (@DefiIgnas), and Stephen (@phtevenstrong).In addition, the project with the most followers among X top personalities also includes Cascade.

According to CoinDesk, New York-based startup Cascade has launched a new 24/7 brokerage service. The service is built on a unified margin account, with associated perpetual markets covering cryptocurrencies, major U.S. stocks, and private companies such as OpenAI, SpaceX, and Stripe.Currently, select invited depositors have access to the platform, which is expected to open to the public in early 2026. The platform will initially offer over 10 perpetual markets, with plans to gradually expand its product lineup. To date, Cascade has raised $15 million from investors including Polychain Capital, Variant, Coinbase Ventures, and Archetype.

ChainCatcher news, the Cosmos ecosystem smart contract platform Injective has announced the launch of the first Solana SVM Rollup Cascad in the IBC ecosystem. This integration will bring the Solana Sealevel Virtual Machine (SVM) into Cosmos, enabling Solana developers to quickly deploy their Solana contracts and DApps on Injective. (Source link)