Expert Says North Korean IT Workers Helped Build Top Protocols During DeFi Summer
North Korean developers weren't faking resumes, said Taylor Monahan, who went on to add that they were actively building prominent DeFi platforms and later enabled billions in crypto losses.…
ETH Futures Volumes Hit Seven Times Spot Trading as Open Interest Nears All-Time High
TLDR:
ETH open interest has recovered to 6.4 million ETH, approaching the all-time high of 7.8 million ETH set in July 2025.
Binance controls roughly 36% of the ETH derivatives market, holding 2.3 million ETH in total open…
‘Memecoin Messiah’ Lost $60M Trading Mostly SPX6900: He’s Still Not Selling
Murad Mahmudov, a crypto trader also known as the “Memecoin messiah,” has lost nearly $60 million across his bets in the past nine months. Still, he expects a bullish reversal.Key takeaways:Mahmudov thinks SPX6900, which is 96% of his…
‘Altcoins will outperform Bitcoin in 2026’ – Do market metrics agree?
The market is recovering, though not strongly, and altcoins are following suit. Notably, CoinMarketCap’s altcoin index stood at 38 at press time, signaling that Bitcoin dominance remains firm.
Source: CoinMarketCap
This was further…
Nevada Judge Extends Kalshi Ban, Rules Event Contracts Unlicensed Gambling
A Nevada judge has reportedly extended a ban preventing Kalshi from offering event-based contracts in the state, ruling that the products constitute unlicensed gambling under state law.Judge Jason Woodbury said at a hearing in Carson City…
Crypto Token Glut Is Diluting Value And Breaking Investor Returns
The rapid growth in the number of crypto tokens is outpacing the value they generate, creating an “existential” problem for the industry, according to Michael Ippolito, co-founder of Blockworks.In a series of posts on X, Ippolito noted that…
Rwanda Warns Against Bybit FRW to Crypto Offering
The National Bank of Rwanda (NBR) has warned the public that crypto payments and trades using the local currency remain illegal in the country after Bybit added support for the Rwandan franc for its peer-to-peer platform on Friday. …
Ethereum L2s Need Responsive Pricing to Scale, Says Offchain Labs
Ethereum layer-2 networks need “responsive pricing” to scale to billions of users and reduce the fee swings that still accompany congestion, Offchain Labs co-founder Edward Felten said during a keynote at EthCC 2026.Ethereum’s EIP-1559…
Tether May Delay Fundraising If Demand Falls Short at $500B Valuation
Tether is pressuring investors to commit to a fundraising round at a $500 billion valuation within the next two weeks, saying that it may delay the raise if demand falls short.The El Salvador-based firm has been seeking fresh capital since…
Crypto Hackers Steal $168 Million from DeFi Protocols in Q1 2026
Crypto hackers stole over $168.6 million in cryptocurrency from 34 decentralized finance (DeFi) protocols in the first quarter of 2026, falling significantly from the same period last year, according to data from DefiLlama. The $40 million…