Bitcoin punched $79,388 on Wednesday evening and has been quietly giving it back ever since. Bitcoin traded at $77,794 on Thursday morning, up 0.4% over 24 hours after peaking at $79,388 at 21:34 IST on Tuesday and drifting lower through the overnight session. The 24-hour low of $77,464 was set Thursday morning, meaning the full […]
The crypto industry is frequently finding bankers involved in its top-priority regulatory efforts, and this time, a coalition of bank trade associations has asked the U.S. Department of the Treasury to extend the window in which the public can weigh in on implementation of last year’s Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) […]
April appears to be a lost cause for the crypto Clarity Act, but a U.S. Senate committee hearing sometime in May could keep the critical market structure legislation alive, as long as it can reach a final vote of the overall Senate by July, according to lobbyists and a lawmaker aide focusing on the market […]
Aave, one of the largest decentralized lending platforms, effectively froze Tuesday after all its major lending protocols ran out of available funds, leaving users unable to withdraw billions of dollars in crypto, DeFi Warhold said as he explained what the 100% utilization means. Roughly $5 billion in stablecoins USDT and USDC are effectively locked, Warhold […]
Less than three weeks after North Korea-linked hackers used social engineering to hit crypto trading firm Drift, hackers tied to the nation appear to have pulled off another major exploit with Kelp. The attack on Kelp, a restaking protocol tied into LayerZero’s cross-chain infrastructure, suggests an evolution in how North Korea-linked hackers operate, not just […]
Bitcoin and other risk assets have become increasingly sensitive to statements from U.S. President Donald Trump, with markets often swinging upward or downward within minutes of his social media posts or policy announcements to the news media. This has drawn scrutiny from lawmakers, academics and market experts, as questions mount over whether those price movements […]
A breach at web infrastructure provider Vercel is forcing crypto teams to rotate API keys and do a deep inspection of their underlying code. In a bulletin, Vercel said the hacker was able to grab behind-the-scenes settings that weren’t locked down, potentially exposing API keys — the digital credentials apps use to connect to other […]
Stablecoins, the $300 billion class of digital dollars, may have started as a faster way to move money across the globe, but companies are now asking a different question: what can they actually do with them? That shift is driving a new phase of adoption, according to Chunda McCain, co-founder of Paxos Labs, who says […]
A cross-chain bridge holding nearly a fifth of a restaked ether token’s circulating supply just got drained, and the fallout is moving through DeFi faster than Kelp DAO can pause contracts. An attacker drained 116,500 rsETH (restaked ether) from Kelp DAO’s LayerZero-powered bridge at 17:35 UTC on Saturday, worth roughly $292 million at current prices […]
Polish cryptocurrency exchange Zondacrypto’s problems just keep mounting. Already under fire following reports of frozen or delayed customer withdrawals, the company on Friday drew the ire of Prime Minister Donald Tusk, who told parliament the company had sponsored some politicians who opposed crypto market regulation. Blocking the legislation by some politicians showed they were toeing […]
Leading bitcoin treasury company Strategy (MSTR) has filed a proxy that, if approved, would allow for semi-monthly dividends on its STRC “Stretch” series of preferred stock. The move would have no effect on STRC’s annual dividend obligations or dividend rate (currently 11.5%), noted Executive Chairman Michael Saylor. Instead, he said, “[the] proposed changes are intended […]
Have you had “deploy a stablecoin” and “build an AI agent” on your business to-do list since the beginning of the year? You know these technologies will create business efficiencies, but finding the time to really get a grasp, a hands-on grasp, of these solutions has proved hard to find. You might even feel like […]
