Business

Attacker Mints $1 Billion Polkadot Tokens on Ethereum, Steals Only $250,000

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Crypto hacks are nothing new, but cases where attackers take big risks and walk away with peanuts are not common. The rare scenario unfolded on Sunday. An attacker exploited a vulnerability in Hyperbridge’s cross-chain gateway that connects different blockchains, minted 1 billion Polkadot tokens ($1.19 billion) on Ethereum and dumped them for approximately $237,000 ether. […]

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Alameda moves $16 million in Solana’s SOL token for possible creditor payments

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Bankrupt crypto exchange FTX’s sister company Alameda Research “unspent” about $16 million of Solana’s SOL token and moved the same to an address linked to creditor repayments, according to data source Arkham. Unstaking refers to the process of withdrawing crypto assets that were previously locked up in a proof-of-stake (PoS) network to help secure the

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Bitcoin hits a wall – the chart has just challenged the $88,000 bull case

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Just yesterday, CoinDesk reported that despite lingering war risks, analysts predict bitcoin will rise to $88,000 and higher on the back of several crypto-specific factors, including bullish market currents. But now, about 16 hours later, the price chart says: not so fast. Bitcoins BTC$71,069.25 price has run straight into one of the most crucial technical

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WLFI threatens lawsuits against Justin Sun after he accuses Trump-linked project of deceptive DeFi deals

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WLFI$0.07898 escalated its dispute with Justin Sun into a potential legal battle late Sunday as tensions over its recent loan to a connected DeFi project spilled into public confrontation. “Does anyone still believe in @justinsuntron?” the project wrote on X. “We have the contracts. We have the evidence. We have the truth. See you in

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Strategy signals another bitcoin buy as the company only needs 2% annual BTC growth to cover dividends

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The strategy’s co-founder, Michael Saylor, signaled an impending bitcoin buy on Sunday, posting “think bigger” along with the company’s BTC acquisition tracker, which has preceded all major purchases since 2020. The company has made 105 bitcoin purchases since it began accumulating in August 2020. Its most recent, on April 6, added 4,871 BTC for $329.8

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DeFi’s shakeout is a stress test, not a death sentence

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DeFi protocol ZeroLend’s decision to shut down after three years in February, citing thin margins, hacks and inactive chains, landed with a note that the market now recognizes. Another reminder that the industry’s early optimism has given way to a far more demanding reality. Zeroland is not alone. Several DeFi protocols and adjacent crypto platforms

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CFTC Chairman Mike Selig Argues for Agency’s ‘Exclusive Regulatory Authority’ in Fighting Prediction Markets: Kryptostat

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Chairman of the Commodity Futures Trading Commission, Mike Selig, told CoinDesk that the agency will continue to defend its “exclusive regulatory authority” to oversee prediction markets in court. “It doesn’t matter whether it’s sports, politics or anything else, if it’s a valid product offered within a CFTC-regulated exchange, then we regulate it,” Selig said. You’re

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How American sports teams can launch their fan token strategies right now

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For years, the conversation about fan tokens in the US followed a familiar and frustrating pattern. Executives at major sports franchises were interested. Their fans were curious. The technology was ready. But without clear regulatory guidance on how fan tokens would be classified under US law, the risk of launching a program was simply too

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Here’s how high bitcoin (BTC) could rally as ETFs, Coinbase premium and macro conditions turn more supportive

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Bitcoin BTC$70,918.00 traded lower on Sunday as geopolitical risks resurfaced after US Vice President JD Vance said peace talks involving Iran in Pakistan had failed. However, beyond the macro noise, crypto-specific drivers continued to point to a potential move towards $88,000 and higher, although results remain dependent on how broader risk conditions develop. Bullish currents

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