Market dynamics continue to paint a bullish picture for bitcoin BTC$75,242.58 although Iran-related developments and DeFi hacks dominate headlines. US-listed spot ETFs pulled in $663 million on Friday, the most since Jan. 15. Total inflows reached $996 million last week, up from $786 million the week before, according to data source SoSoValue. This points to […]
The crypto market is trading back in familiar territory after a brief surge to its highest point since early February on Friday. Bitcoin BTC$75,048.22 is trading a hair below $75,000, while ether (ETH) is at $2,300, both significantly lower than Friday’s highs of $78,300 and $2,460. One reason traders are bullish is that the bitcoin
Bitcoin BTC$75,415.14 options worth about $7.9 billion expire on Deribit on Friday, with positioning data pointing to $62,000 and $75,000 as key levels to watch. The $75,000 level is where most of the trading in call options, which represent bullish bets, has occurred, according to data source Glassnode. About $395 million in open interest is
Bitcoin enters a $7.9 billion options cap with heavy positioning at $75,000 Read More »
The aftershocks from Saturday’s KelpDAO hack are spreading through the stablecoin markets in ways that weren’t immediately obvious. In the first 24 hours after the attack, users on Aave borrowed approximately $300 million against their tether deposits of stablecoin tether USDT$1.0002 on the platform according to data from Chaos Labs. The increase in borrowing is
A loan of 300 million dollars on Aave signals liquidity crisis after utilization Read More »
Bitcoin adoption is increasing in the US, but consumers still prefer gold and stocks
Bitcoin adoption is increasing in the US, but consumers still prefer gold and stocks Read More »
LayerZero has placed responsibility for the $290 million Kelp DAO exploit on Kelp’s own security configuration, saying the floating restaking protocol ran a single-verifier setup that LayerZero had previously warned against. The attack used a new vector targeting the infrastructure layer instead of any protocol code. Attackers, which LayerZero tentatively attributed to North Korea’s Lazarus
Bitcoin absorbs the return of Middle East risk better than oil or stocks. Bitcoin is trading at $74,335 on Monday morning, down 1.6% in 24 hours but still up 4.8% on the week after the US Navy seized an Iranian ship over the weekend and Tehran reasserted control over the Strait of Hormuz. Ether fell
Bitcoin, ether, solana roller coaster, oil jump on renewed US-Iran war risks Read More »
The decentralized finance (DeFi) ecosystem is experiencing a sharp capital outflow following this weekend’s exploitation of the KelpDAO protocol. Leading DeFi lending platform Aave has lost $8.45 billion in deposits over the past 48 hours, leading to a broader drop of $13.21 billion in total value locked (TVL) across DeFi. TVL refers to the combined
The Defi Wiped Out $13 Billion In Two Days And It Started With KelpDAO Attack Read More »
A breach at web infrastructure provider Vercel is forcing crypto teams to rotate API keys and perform a deep inspection of their underlying code. In a bulletin, Vercel said the hacker was able to get hold of behind-the-scenes settings that weren’t locked, potentially exposing API keys — the digital credentials apps use to connect to
Hack at Vercel sends crypto developers scrambling to lock API keys Read More »
A roughly $292 million exploit over the weekend has rattled the crypto industry, exposing vulnerabilities in decentralized finance (DeFi) infrastructure and raising concerns about spillover effects across lending protocols. While investigations are still ongoing, early analysis suggests the attack centered on Kelp’s rsETH token — a dividend-bearing version of ether (ETH) — and the mechanism
how it happened and what it means for DeFi Read More »
