BlockBeats news, on October 24, the stablecoin Layer 1 project Stable announced that the first phase of the pre-deposit activity is now open, with a deposit cap of 825 million USD. Early partners include Pendle, Concrete, Morpho, LayerZero, Frax Finance, and USDT0.

Gate News Bot news, September 19, according to CoinMarketCap data, as of the time of writing, CVX (Convex Finance) is currently priced at $4.16, with a rise of 17.25% in the last 24 hours, reaching a high of $4.16 and a low of $3.31. The 24-hour volume is $39.5 million. The current market capitalization is approximately $402 million, an increase of $59.1 million compared to yesterday. Convex is a decentralized liquidity provision protocol that offers enhanced staking rewards for Curve, Frax, and f(x) protocols. Users can deposit LP tokens from these platforms into Convex to automatically receive boosted rewards. Convex participates in governance by locking CVX tokens, controlling a significant amount of veCRV, veFXS, and veFXN on the relevant platforms.

Gate News bot message, Hyperliquid plans to launch a new stablecoin USDH, triggering multiple institutions to compete for bids. Companies such as Paxos, Frax Finance, and Agora have submitted bidding proposals. Paxos promises to provide compliance solutions, support HyperEVM and HyperCore deployments, and use 95% of interest income for HYPE token buybacks. Frax proposed a "community-first" plan, intending to peg USDH to frxUSD at a 1:1 ratio. Agora has formed a joint bidding team, promising to allocate all net income to Hyperliquid. Hyperliquid requires companies to submit proposals by September 10, and voting will take place on September 14. Hyperliqui

Odaily News Frax founder Sam Kazemian posted on X, stating that for stablecoin issuers and infrastructure companies, the key point in the competition to submit the Hyperliquid stablecoin USDH issuance proposal is not about revenue sharing; the real value lies in achieving interoperability and Depth 1:1 with Hyperliquid's massive distribution scenario.

Gate News Bot news, September 4th, according to CoinMarketCap data, as of the time of writing, FRAX (Frax) is currently priced at $2.85, with a rise of 9.93% in the last 24 hours, reaching a high of $2.86 and a low of $2.47. The 24-hour volume has reached $18.7 million. The current market capitalization is approximately $256 million, an increase of $23.1 million compared to yesterday. Frax is a project dedicated to building the most scalable stablecoin infrastructure in the world, serving the next generation of financial systems. Its core includes three pillars: the frxUSD stablecoin, the Fraxtal blockchain, and the Frax network. frxUSD is a secure, stable, and scalable digital dollar fully backed by institutional-grade tokenized U.S. Treasuries, supported by industry leaders such as BlackRock and Superstate.

BlockBeats news, on August 29, Sam Kazemian, the founder of Frax Finance, announced that he has joined the new blockchain project Stable, which is built around Tether's USDT, as Chief Technology Officer, while continuing to serve as CEO of Frax.

PANews, August 1st news, according to PeckShieldAlert, approximately 17 major encryption attack incidents were recorded in July 2025, resulting in total losses of about $142 million, a month-on-month rise of 27.2%. CoinDCX, GMX, and BigONE were the top three platforms with losses in July, among which the GMX hacker has returned approximately $40.5 million worth of encryption assets, including 10,000 ETH and 10.5 million FRAX.

Gate News Bot news, July 18, according to CoinMarketCap data, as of the time of writing, FRAX (Frax) is currently priced at $3.27, with a rise of 17.58% in the last 24 hours, reaching a high of $3.45 and a low of $2.15. The 24-hour volume is $8.19 million. The current market capitalization is approximately $290 million, an increase of $43.33 million from yesterday. Frax is a project dedicated to building the next generation of financial infrastructure, primarily consisting of three core pillars: frxUSD stablecoin, Fraxtal blockchain, and Frax network. frxUSD is a secure, stable, and scalable digital dollar fully backed by institutional-grade tokenized U.S. Treasury assets, supported by industry leaders such as BlackRock and Superstate. Fraxtal is a

Gate News Bot news, on July 17, according to CoinMarketCap data, as of the time of writing, CVX (Convex Finance) is currently priced at $5.09, rising 19.85% in the last 24 hours, with a high of $5.16 and a low of $2.93. The 24-hour volume reached $102 million. The current market capitalization is approximately $501 million, an increase of $83 million compared to yesterday. CVX is currently ranked 125th in global Crypto Assets market capitalization. Convex Finance is a protocol focused on enhancing liquidity mining yields on platforms such as Curve, Frax, and f(x) Protocol. Users can deposit liquidity on Convex to receive enhanced rewards from these platforms. Convex controls a large amount of veCRV, veFXS, and

Odaily News According to on-chain analyst Ai Yi (@ai9684xtpa), the GMX Hacker has begun to launder their "self-held" 1,700 ETH. Although they have returned about $40 million in FRAX and ETH in the past 3 hours, they still retain nearly $5 million in profits generated from the coin pump as a "white hat bonus." Currently, 100 ETH has been transferred to Tornado.

PANews, July 11 news, according to monitoring by Lookonchain, the GMX protocol previously suffered a hacker attack. The hacker has chosen to return the stolen assets of $42 million and accepted a $5 million white hat bug bounty. So far, $10.49 million in FRAX has been returned. Meanwhile, the hacker has exchanged an additional $32 million in assets for 11,700 ETH, currently valued at about $35 million, with a profit of about $3 million. It is still unclear whether the hacker will return all 11,700 ETH (worth $35 million) or sell ETH to return $32 million while keeping a profit of $3 million.

Gate News bot message, the GMX hacker has initiated the return of stolen assets worth $42 million in exchange for a $5 million white-hat bug bounty. According to the latest data, $10.49 million in FRAX tokens has already been returned. The remaining $32 million was previously converted into 11,700

Gate News bot news, security analysis company PeckShield has detected that the hacker who previously attacked the GMX project has returned 5.49 million FRAX Tokens to the GMX deployer. This development has garnered widespread attention from the Crypto Assets community, indicating that the attacker may be taking certain remedial actions. However, the specific reasons and subsequent developments remain to be observed.

A hacker stole assets in an attack on the GMX V1 pool, exchanging all assets except for FRAX for 11,700 ETH, worth approximately $32.33 million, and deposited them into 4 wallets. At the same time, the hacker still holds about 10.495 million FRAX, totaling approximately $42.8 million in assets. This move seems to reject the project party's repayment proposal.

According to BlockBeats news on July 9, on-chain analyst Yu Jin monitored that GMX may have been hacked about an hour and a half ago, with assets worth approximately 42 million dollars stolen, including WBTC/WETH/UNI/FRAX/LINK/USDC/USDT. The initial funds for the hacker address that stole the assets were transferred from Tornado the day before yesterday.

The circulating supply of Stable Coin has increased by $16.97 billion since early 2025, reaching approximately $211.2 billion, with some Fluctuation in growth rate. The Stable Coins involved include: USDT, USDC, USDE, DAI, FDUSD, PYUSD, TUSD, and FRAX. From mid-January to February, Liquidity expanded again, with increased short-term demand.

Odaily Planet Daily News According to official sources, Frax

PANews January 3 news, according to Beincrypto, Frax protocol through community proposals, will use BlackRock's BUIDL Fund as the collateral asset for its upcoming frxUSD stablecoin. The BUIDL Fund currently manages assets of over $648 million and extends to several mainstream blockchains like Aptos and

BlockBeats News, on December 23rd, Securitize, the broker-dealer of the BlackRock BUIDL Tokenized Currency Market Fund, submitted a governance proposal calling for the addition of BUIDL Token as a reserve asset for the upcoming re-launch of the Frax USD stablecoin. The proposal states that in addition to providing the utility, relative security, and convenience of Frax USD, Frax USD can also significantly drop its counterpart risk by working with BlackRock. If the proposal is approved, Frax USD will follow in the footsteps of stablecoins like USDtb by Ethena, adopting BUIDL Token as its supporting asset. BUIDL currently manages assets worth over 5.3

Golden Finance reported that Securitize, the broker of the Liquidity Fund (BUIDL), has submitted a proposal to improve Frax by adding BUIDL as support Collateral for Frax USD stablecoin. According to the improvement plan, use BUIDL

On September 10th, ETH's scaling solution, t1 protocol, completed a $2.5 million pre-seed round of financing, led by a16z CSX, with participation from Espresso, Frax, CowSwap, ETHGlobal, ENSO, INJECTIVE, Guy Wuollet, AliYahya, Eric Chen, and others. It is reported that t1protocol is a fast and final scaling solution for Ethereum. It supports real-time proof generation to unify Ethereum.

Infrastructure provider Symbiotic announced that 14 projects will join its shared security framework ecosystem, covering multiple areas including Decentralized Finance, Oracle Machine, cross-chain bridges, AI resource matching, MEV optimization, and privacy solutions. These projects will leverage Symbiotic's technology to enhance their security and decentralization. In addition, Symbiotic plans to launch the Mainnet in September.