PANews reported on March 23 that, in response to community rumors that the Resolv Labs stablecoin security incident had a significant impact on Morpho, Morpho co-founder and CEO Paul Frambot clarified in a post on the X platform that the incident did indeed affect USR and related assets (such as RPL), and impacted the lending market that used them as collateral. However, among approximately 500 Morpho Vaults with deposits exceeding $10,000, only about 15 vaults had significant exposure to the relevant markets (exceeding $10,000). The affected vaults were mainly positioned with high-risk strategies and used long-tail collateral assets, while other vaults without such exposure (including low-risk Prime Vaults) were unaffected. Paul Frambot advised users to continue to follow updates from Resolv Labs and relevant Curators to obtain the latest developments regarding the specific vault risk exposure.

New snake oil? Etsy witches are hawking spells they claim can change the weather on your wedding day, help you with your love life, or fatten your crypto portfolio. Etsy witches have become a massive trend on social media this year — from romance spells to helping manifest fame. Did you know they can also apparently help you become a crypto millionaire? The practice of witchcraft, once punishable by death by fire (or being pushed off a cliff), has become a talking point on TikTok. Online marketplace Etsy, which allows people to sell their handmade beanies and custom dog collars, has become a hub for the spellcasters despite having a ban on “metaphysical services.” Read more

