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Key Takeaways Yala’s Bitcoin-backed stablecoin, YU, has failed to regain its dollar peg after an “attempted attack” sent the token’s value into a freefall. The incident, which caused YU to plummet to $0.2046, has raised new questions about the security of stablecoins, particularly those with algorithmic or overcollateralized models. The Mechanics of a Stablecoin Attack … Read more

Key Takeaways The United States is entering a new era of regulated crypto products with the upcoming debut of the country’s first-ever Dogecoin exchange-traded fund. According to Bloomberg ETF analyst Eric Balchunas, the Rex-Osprey Doge ETF (DOJE) is scheduled to begin trading on Thursday. How Doge ETF Paved the Way for New ETFs The approval … Read more

Key Takeaways A sophisticated cyberattack has resulted in the theft of $41 million worth of Solana tokens from crypto wealth management platform SwissBorg. The company confirmed that the breach was not a direct attack on its core systems but rather an exploitation of a third-party API belonging to its staking partner, Kiln. The Peril of … Read more

Key Takeaways German authorities, who last year were criticized for selling seized Bitcoin at a much lower price, may have missed out on an even bigger prize. According to blockchain intelligence platform Arkham, there could be another $5 billion in Bitcoin, or roughly 45,000 BTC, tied to the notorious movie piracy site Movie2K that was … Read more

Key Takeaways The Ethereum layer-2 project Kinto has announced it will officially wind down operations on September 30, a decision that sent its governance token plummeting by over 80%. The shutdown comes months after a devastating $1.6 million hack and a subsequent failure to secure new funding. The Kinto team stated that after the last … Read more

Key Takeaways In a rare and remarkable display of a decentralized community coming together, the DeFi lending platform Venus Protocol announced it helped a user recover a staggering $13.5 million in crypto. The recovery effort, which took less than 12 hours, was a rapid response to a sophisticated phishing attack linked to the infamous North … Read more

Key Takeaways In a proactive measure to protect its users, the Trump-linked decentralized finance (DeFi) project World Liberty Financial (WLFI) announced it successfully blocked a series of hacking attempts. According to the team, they used an “on-chain blacklisting” mechanism to disable compromised wallets, thwarting theft attempts related to the project’s recent token launch. Blacklisting vs. … Read more

Key Takeaways In a new blow to the decentralized finance (DeFi) sector, the Bunni decentralized exchange (DEX) has been paused after a security exploit led to a loss of approximately $2.4 million in stablecoins. According to on-chain data and security analysts, the attack was not a simple smash-and-grab but a sophisticated manipulation of the platform’s … Read more

Key Takeaways In a highly bullish forecast that has resonated across the crypto community, Real Vision CEO Raoul Pal has predicted that the number of global crypto users will reach a staggering 4 billion by 2030. Pal, a former hedge fund manager and a long-time crypto advocate, presented his theory by drawing a direct comparison … Read more

Key Takeaways The Bitcoin bull market is currently at a critical juncture, facing a major test of a key technical and psychological support level. According to popular trader Roman, the continuation of the entire bull cycle is dependent on the $100,000 price point. If Bitcoin fails to hold above this six-figure milestone, the current uptrend … Read more