DeFi Hacks Surge After $280M Drift Protocol Exploit
At least 12 DeFi protocols and crypto businesses have been attacked in just over two weeks since the $280 million Drift Protocol exploit on April 1.Attacks aimed at crypto protocols or companies since the start of April include CoW Swap,…
Bitcoin Liquidates $660M In Shorts As BTC Price Rallied Past $78K
Bitcoin (BTC) rallied above $78,000 to hit another 10-week high on Friday as crypto and equity markets reacted to cooling tensions in the US and Israel war in Iran. The rally above range highs also resulted in a large liquidation of…
Schwab Crypto Launches Spot Bitcoin and Ethereum Trading in Phased Rollout
TLDR:
Schwab Crypto launches spot Bitcoin and Ethereum trading in phased retail rollout across US clients
Service charges 75 basis points per trade while integrating crypto into Schwab brokerage ecosystem
Paxos provides…
Spot Bitcoin ETFs Gain $411M as Goldman Files ETF Plan
US-listed spot Bitcoin exchange-traded funds bounced back to notable daily inflows as Goldman Sachs entered the Bitcoin ETF sector.Spot Bitcoin (BTC) ETFs recorded $411.5 million inflows on Tuesday, marking the second-largest daily inflows…
Josh Stark Announces Departure From The Ethereum Foundation
Josh Stark, a key researcher and project manager at the Ethereum Foundation, the non-profit organization that stewards development of the Ethereum ecosystem, said Thursday that he is departing the organization after five years.Stark did not…
Solana network activity explodes past $1.1T in Q1, but SOL is yet to catch up
Solana just posted its first-ever trillion-dollar quarter! The growth came with high usage, and it seems like the big players may be returning… even before the…
Tether To Lead $150M Recovery Program for DeFi Platform Drift Protocol
Stablecoin issuer Tether, the company behind USDt (USDT), said Thursday it will back a $150 million recovery program for the Drift Protocol decentralized exchange (DEX) following an exploit of the platform in April.The recovery plan for the…
Circle Hit With Class Action Suit Over $280M Drift Hack
Circle Internet Group is facing a class action lawsuit led by a Drift Protocol investor claiming it failed to freeze funds stolen in a $280 million exploit of the protocol on April 1.The lawsuit was filed by Drift investor Joshua McCollum…
Ethereum price outlook: ETH faces 6% downside risk if $2,312 breaks
Ethereum price falls to $2,325 on…
Bitcoin Trend Reversal May Confirm If BTC Closes Above $76K
Key points:Bitcoin’s shallow pullback from the $76,000 resistance suggests that buyers are holding onto their positions, expecting the recovery to continue.Select major altcoins are showing strength and are expected to break above their…