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Two Tether-backed startups launch a MiCA-compliant initiative as stablecoin giant exits European market
Tether, which once dominanted the European stablecoin market, has been forced to reduce its presence due to MiCA comp…
DeFi Platform Cork Protocol Suffers $12M Smart Contract Exploit
Cork Protocol has paused all markets as a precaution.
Cork Protocol pauses contract amid $12 million DeFi exploit
Cork Protocol, a DeFi venue for trading depeg events, paused its contracts after exploits withdrew some $12 million i…
Ethereum DeFi protocol Euler to launch EulerSwap DEX with lending-boosted yield
Euler has introduced EulerSwap, a new decentralized exchange that fuses automated market-making with lending infrastr…
Sui Network Steps in to Compensate Cetus Losses in Full After $223M Exploit
The Sui Foundation has extended a loan to Cetus to fully reimburse affected users, with repayment contingent on an up…
Tether’s 2-Year, $5 Billion Investment Blitz Fuels US Companies: CEO
Tether, the issuer of the USDT stablecoin, has quietly funneled roughly $5 billion of its earnings into a mix of US b…
Cetus poses community vote to possibly return 100% of funds to users affected by $223 million exploit
Cetus stated it can use its cash and token reserves, as well as a Sui Foundation loan, to recover stolen assets from …
Cobie’s ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation
Cobie's Echo has launched Sonar, a new ICO platform, with Plasma as its first project, which is offering 10% of its X…
Tether invests $5 billion profit into US companies while holding $120 billion in US debt
Tether, the issuer of the world’s largest stablecoin USDT, has disclosed that it has reinvested around $5 billion o…
Sui DEX Cetus says overlooked flaw in open-source library used by smart contract led to $223 million exploit
Cetus plans to bolster security through rigorous testing, expanded audits, and a strengthened bug bounty program.
Solana co-founder’s personal ID leaked on Hiphop group Migos’ Instagram page in apparent data breach
One Instagram post explicitly claimed Gokal 'should have' paid 40 BTC, suggesting a potential blackmail attempt.
Crypto trader loses $2.5 million USDT after falling for address poisoning scam twice
A crypto trader lost over $2.5 million worth of Tether (USDT) after falling for the same scam twice within hours. On …
The Daily: Major US banks in talks over joint stablecoin venture, BTC and ETH ETFs see highest combined daily inflows since January, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan and other Wall Street banks reportedly in joint challenge for Tether’s stablecoin dominance
Some of the largest banks in the United States, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo…
Why Tether refuses to comply with MiCA
Is Tether MiCA compliant? The EU’s new Markets i…
Cetus offers $6 million white hat deal to recover stolen ETH after hacker’s activity is blocked on Sui
Cetus said it worked with law enforcement agencies, exchanges and cross-bridge protocols to freeze all stolen funds t…
The Daily: Bitcoin taps $112,000 as analysts flip classic ‘sell in May’ adage, Kraken plots Solana-based tokenized stock trading, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan casts doubt on trillion-dollar stablecoin forecasts — even with US regulation advancing
JPMorgan analysts say expectations that the stablecoin market could triple or quadruple in the near future are "far t…
Sui-based token prices plunge amid apparent Cetus Protocol exploit, team investigating
Tokens, including LOFI, HIPPO, and CETUS itself, dropped more than 50% over the past hour on decentralized exchanges.
Trump’s crypto czar David Sacks says stablecoin bill could create trillions of dollars in demand for US Treasurys
Sacks did not directly respond to concerns that the legislation could benefit President Trump but emphasized the bill…
Wallet tied to Coinbase phishing campaigns launders funds, taunts ZachXBT after $42.5M Thorchain swap
ZachXBT said a wallet involved in social engineering attacks on Coinbase users sent him a troll text onchain followin…
The Daily: Bitcoin hits new all-time high, American tourist claims fake Uber driver stole BTC and XRP using ‘Devil’s Breath,’ and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Solana-backed OnRe taps Ethena for first ONe token and pool, targets $750 billion reinsurance market
ONe generates returns from a Solana-based reinsurance pool, which is compounded by sUSDe returns and ONRE protocol in…
Coinbase reveals 69,461 users affected in December 2024 data heist: filing
Crypto exchange Coinbase disclosed that the data breach revealed last week happened in December 2024 and impacted 69,…
Stablecoin bill could pave the way for a multi-year crypto bull market, Bitwise CIO says
Aside from the approval of spot bitcoin ETFs, it marks the most significant regulatory milestone in crypto's history,…
Haowang Guarantee’s shutdown only a limited setback for crypto scams, Chainalysis says
Chainalysis said the shutdown of illicit online marketplace Haowang Guarantee did not fundamentally impact the networ…
Solana Labs spinout Anza proposes Alpenglow, ‘the biggest change to Solana’s core protocol’
Votor will enable nodes to run two concurrent voting paths in parallel, theoretically boosting transaction speed and …
The Daily: El Salvador’s bitcoin stash hits fresh peak as BTC whipsaws near all-time highs, Strategy faces class action lawsuit, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Immunefi launches ‘All Stars’ elite whitehat program amid record $1.4 billion Bybit hack and rising onchain losses
The program kicks off with 10 top-tier researchers starting with LonelySloth — who has generated $3.6 million in ea…
Binance, Kraken Thwarted Social Engineering Attacks Similar to Coinbase Hack
Attackers reportedly tried bribing support agents, but Binance and Kraken’s internal systems blocked the attempts.