News

The reported exploit prompts users to link their wallets through a pop-up, initiating a token-draining mechanism. Sushi, a decentralized finance (DeFi) protocol, faced a front-end exploit related to an industry-wide vulnerability associated with Ledger’s Connect Kit. Ledger, a manufacturer of hardware wallets, supplies the Connect Kit software used by DeFi protocols like Lido, Metamask, Coinbase,…

Options trading for Bitcoin (BTC) and Ethereum (ETH) on Deribit is experiencing unprecedented levels of activity. As of the end of the week, the total value of open BTC and ETH options contracts, referred to as notional open interest, reached a record-breaking $23.6 billion, according to Deribit’s Chief Commercial Officer Luuk Strijers in a statement…

10 Years of Decentralizing the Future From May 29-31, 2024, in Austin, Texas, the epicenter of global activity in the crypto, blockchain, and Web3 space convened. The narrative supporting a potential surge in Bitcoin’s value to $40,000 or beyond by year-end has gained momentum, bolstered by a substantial withdrawal of over 37,000 BTC (worth $1.4…

Antpool successfully mined a block, and the sender’s wallet was created just moments before initiating the transfer. From May 29 to May 31, 2024, in Austin, Texas—the prominent global hub for all things crypto, blockchain, and Web3—a major event is scheduled. Interested parties are encouraged to register now. A noteworthy incident occurred on Thursday when…

Charts related to global central banks, U.S. financial conditions, and the 10-year U.S. Treasury yield indicate a positive trajectory for cryptocurrency. The impact of last year’s global central bank tightening cycle, including its effects on Bitcoin, appears to have reached its peak. Despite the Federal Reserve’s commitment to higher interest rates, U.S. financial conditions have…

Poloniex investor Justin Sun has confirmed a security breach that resulted in the unauthorized access to the exchange’s hot wallets, leading to an estimated loss of approximately $114 million. Blockchain security firms PeckShield and Cyvers flagged the suspected hack around 10:55 UTC, prompting Poloniex to disable its wallet for maintenance just 12 minutes later. The…

The NFT platform OpenSea, which facilitates the trading of digital art collectibles like Bored Apes and Pudgy Penguins, has reduced its workforce by half due to the ongoing decline in the floor prices of these digital collectibles. OpenSea’s CEO, Devin Finzer, made this announcement on Friday via a tweet. These substantial layoffs may have impacted…

Despite the absence of jurors, Sam Bankman-Fried’s initial testimony at his criminal trial on May 29-31, 2024, in Austin, Texas, was remarkable. The former FTX CEO’s appearance on the witness stand, conducted without the jury present, allowed the judge to review his comments for admissibility. Bankman-Fried attempted to deflect blame onto FTX’s attorneys for the…

Can Sun, who served as FTX’s general counsel from August 2021 until the exchange’s collapse in November 2022, testified during the fraud trial of Sam Bankman-Fried. In the trial held in New York, Sun emphatically stated that he never approved the lending of customer funds to FTX’s sister company, Alameda Research. He denied authorizing the…

In the wake of ongoing challenges in the cryptocurrency market, CertiK, a company specializing in auditing programming code for blockchain and smart contracts, has taken measures to reduce its workforce. Last year, the company successfully secured nearly $150 million in fresh capital. However, the prolonged crypto winter has prompted the company to make job cuts,…