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Odaily Planet Daily reports that Yearn Finance has released a detailed post-incident report on last week's yETH vulnerability attack, revealing a three-phase numerical error in its legacy stableswap liquidity pool. This error allowed attackers to "mint" LP tokens indefinitely, stealing approximately $9 million from the liquidity pool. Yearn confirmed that, with the assistance of the Plume and Dinero teams, they successfully recovered 857.49 pxETH, approximately one-quarter of the stolen assets. The team plans to distribute the recovered funds pro rataly to yETH depositors. The decentralized finance protocol stated that the vulnerability occurred at block 23,914,086 on November 30, 2025. The attackers used a complex sequence of operations to force the liquidity pool's internal parser into a divergent state, ultimately triggering an arithmetic underflow. The attack targeted a custom stableswap pool aggregating multiple liquidity staking tokens (LSTs) and a yETH/WETH Curve pool. Yearn emphasized that its v2 and v3 vaults and other products were unaffected. To address these issues, Yearn released a remediation plan that includes implementing explicit domain checks on the resolver, replacing unsafe arithmetic in critical sections with checked arithmetic, and disabling bootstrapping logic after the pool comes online.

In the past hour, total liquidations across the network reached $35.31 million, with $28.91 million from long positions, with $6.40 million from short positions. BTC liquidation $19.49 million, ETH liquidation $9.82 million.

Odaily Planet Daily reports that Jupiter has announced the relaunch of its $WET token public sale, which is now live. This sale allocates 30 million tokens, representing 3.0% of the total supply, at a purchase price of 0.069 USDC per token, with a fully diluted valuation (FDV) of $69 million. Each wallet is limited to 500 USDC. The sale operates on a first-come, first-served basis, beginning at 11:00 AM ET on December 8th and ending at 11:00 PM ET that same day. Token redemption and liquidity pools will be available at 9:00 AM ET on December 9th.

Odaily Planet Daily reports that Circle and Bybit, the world's second-largest cryptocurrency exchange by trading volume, have announced a partnership aimed at expanding the use of USDC within the global ecosystem and enhancing its liquidity. According to the announcement, Bybit will expand USDC's reach within its ecosystem, including increasing liquidity in the spot and derivatives markets, expanding USDC's use in savings, payments, and card rewards, and integrating Circle's fiat currency deposit and withdrawal infrastructure to improve the speed and transparency of deposits and withdrawals. Bybit previously relied primarily on Tether's USDT stablecoin. Circle stated that increasing USDC's access to Bybit's global ecosystem will help solidify its position as the world's second-largest stablecoin. For Bybit, this partnership will strengthen its positioning as a platform committed to transparency, trust, and regulatory compliance.