Canaan Lands New Tether Order as Mining Shifts to Modular Infrastructure

Canaan (CAN) has secured an additional order from Tether for custom Bitcoin mining hardware, extending their collaboration beyond an earlier research and development effort that tested new system designs for large-scale mining. Under the new order, Canaan will supply high-density hash board modules designed for immersion-cooled systems, with usage planned at a Tether-linked facility in…

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Aave, Compound Unveil Technical Plan to Address Fallout From $290M Kelp DAO Hack

In brief The DeFi United coalition has published a technical implementation for restoring rsETH token backing following the Kelp DAO hack. The relief effort secured over $300 million in ETH commitments to eliminate bad debt on Aave and Compound. The plan converts committed ETH into rsETH, then liquidates hacker positions through governance-controlled oracle adjustments. Aave-led…

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