An Ethereum (ETH)-based decentralized finance (DeFi) altcoin is on the rise after gaining support from the top US-based crypto exchange platform.

In a new thread, Coinbase says it is adding support for Euler (EUL), a lending and borrowing protocol built on top of the second-largest digital asset by market cap.

“Euler (EUL) is now live on http://coinbase.com and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.”

Following the announcement, EUL saw a price increase, rising from an August 6th low of $11.02 to a peak of $12.17 just a day later. The asset has since stabilized and is currently trading at $11.77, representing a 5.7% increase over the last 24 hours.

According to its official website, Euler is a modular DeFi platform that features permissionless vault creation, allowing anyone to create a lending vault for a specific asset using the ERC-4626 token protocol, an extension of the popular ERC-20 standard that extends its reach to yield-bearing vault tokens.

“Vaults are the fundamental building blocks of the Euler protocol, serving as the primitive unit for all lending and borrowing activities…

EVK (Euler Vault Kit) vaults are extended ERC-4626 vaults that function as passive lending pools. Unlike standard ERC-4626 vaults that generate yield through active investment strategies, EVK vaults earn yield by lending assets to borrowers. These vaults accept ERC-20 token deposits and enable users to borrow against their collateral.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Lemberg Vector studio/Sensvector

A new blockchain initiative, HABE, is entering the cryptocurrency space with a platform designed to support idea development and creative project funding through community-driven investment.

Built on the Ethereum network, the HABE platform offers users access to early-stage project participation, staking rewards, and trading via a dedicated marketplace.

Platform Overview

HABE positions itself as a tool for creators and investors, enabling individuals to support and potentially benefit from new ideas and ventures. The platform integrates project incubation, token-based funding, and marketplace activity to foster a circular ecosystem around innovation.

The presale for HABE’s native token, $HABE, begins on May 31, launching at $0.001 per token. According to the official website, each presale round will gradually increase the token’s price, aligning with project milestones.

Earning Opportunities for Users

HABE outlines three primary ways users can participate:

1. Token Holding
   By holding HABE tokens, users can benefit from potential value appreciation as the platform evolves.
2. Backing Creative Projects
   Token holders can allocate funds to ideas listed on the HABE platform. If projects succeed, supporters may receive a portion of future revenue streams while retaining their original tokens.
3. Marketplace Trading
   The HABE marketplace allows users to buy, sell, and trade assets related to listed projects, enabling more flexible portfolio strategies.

A Platform for Creators and Investors

HABE aims to address the funding gap between early-stage creators and accessible capital. According to the project’s materials, the platform is designed to provide resources, visibility, and tools to help turn concepts into market-ready products.

Additionally, HABE has implemented identity verification (KYC), smart contract audits, and lists its team publicly to increase trust and transparency in the project’s early phases.

Post-Launch Plans

The team has announced its intention to list HABE on multiple centralized exchanges shortly after its launch, aiming to increase liquidity and accessibility. However, specific exchanges have not yet been named.

Token Model and Comparisons

HABE’s creators contrast the project with other recent Web3 startups, such as Best Wallet and Quebetics, suggesting that HABE offers stronger incentives through staking, milestone-linked growth mechanics, and a unique use case. The token is projected to launch on public exchanges at a higher valuation, though this estimate remains speculative and subject to broader market conditions.

Key Token Details

• Launch Date: May 31, 2025
• Presale Price: $0.001
• Token Utilities: Platform access, staking, governance (future), and investment support

Final Notes

HABE’s team describes the project as a long-term ecosystem with phased growth – from staking rewards and project incubation to trading and governance. Users can sign up or learn more through the official website and social channels:

Top US-based crypto exchange platform Coinbase is adding three new Ethereum (ETH)-based altcoins to its suite of products, causing the assets to skyrocket.

In a new announcement on the social media platform X, Coinbase says it’s adding support for decentralized roll-up protocol AltLayer (ALT), decentralized finance network Pendle (PENDLE), and gamified learning platform Layer3 (L3) nearly a week after adding them to its listing roadmap.

News of the additions sent all three altcoins flying, as AltLayer, a protocol that uses rollups to enhance scalability, went from a low of $0.037 on March 26th to a peak of $0.041 a day later. It has since retraced and is trading for $0.0407 at time of writing, a 8.3% gain on the day.

Pendle, a project that tokenizes yields, also saw gains as it went from a low of $2.83 to a peak of $2.99 during the same time frame. It too has retraced and is trading for $2.95 at time of writing, a gain of 3.7% during the last 24 hours.

L3, a program that teaches users about Web3 via interactive games, skyrocketed as well, as it went from a March 26th low of $0.087 to a peak of $0.106 just a day later. It is moving for $0.104 at time of writing, a 17.5% gain during the day.

Coinbase first added the altcoins to its listing roadmap – which is used to increase transparency and prevent the front-running of new tokens – on March 21st, also causing the digital assets to rally at the time.

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Featured Image: Shutterstock/Vanessa SG/Natalia Siiatovskaia

Zoth, an Ethereum-based platform focused on tokenized real-world assets, suffered a second major security breach in less than three weeks on March 21, with attackers draining $8.85 million in digital assets.

The company confirmed the breach and is working with security experts to investigate the incident.

Zoth is also offering a $500,000 bounty for information leading to the identification of the hacker responsible for the recent $8.85 million exploit.

The hack, which occurred early on March 21, involved the attacker compromising an admin key and gaining control of a Zoth proxy contract. The hacker upgraded the contract, enabling unauthorized fund transfers.

Onchain analysis shows that $8.85 million in USD0++ stablecoins were drained from the contract and converted into 4,223 ETH, which was later moved to an external wallet.

Zoth acknowledged the security breach and assured users that steps are being taken to mitigate the impact. The company pledged to release a full report once its investigation is complete.

Second hack

This is the second exploit targeting Zoth this month. On March 6, an attacker exploited a vulnerability in one of its liquidity pools, minting synthetic assets without sufficient collateral and causing a $285,000 loss.

Security experts suggest that the breach could have been prevented with better key management and real-time monitoring. They warn that additional funds may be at risk if other contracts within the platform share the same admin access.

Zoth has not disclosed whether it will reimburse affected users but said it remains committed to strengthening security measures to prevent future incidents.

The incident emphasizes the continued risks facing decentralized finance platforms, particularly those reliant on centralized admin controls. Blockchain security firms have noted a rise in sophisticated key compromises, with over $10 billion lost to DeFi-related exploits in the past five years.

The company did not comment on how the attacker may have obtained the private key but pledged to provide updates once the investigation concludes.