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Top Bitcoin mining pool SBI Crypto hacked, $21 million stolen
Japanese mining pool operator SBI Crypto has suffered a $21 million theft in a breach that investigators are linking …
The Daily: Ripple’s David Schwartz announces exit, Trump-backed World Liberty Financial explores tokenizing RWAs, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin lending platform Lava raises $17.5 million, launches new yield product
Lava has also launched a new dollar yield product, currently offering up to 7.5% APY on loans backed solely by bitcoi…
Japan’s SBI Crypto hit by $21 million exploit, funds sent to Tornado Cash: ZachXBT
ZachXBT said "addresses linked to" SBI Group had Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash stolen.
Nasdaq-listed VisionSys plans Solana treasury in collaboration with Marinade Finance
VisionSys's stock fell 37.5% in pre-market trading following the news, while Marinade's MNDE token gained 2.3%.
Pendle downplays major break after seeminigly lone actor began minting PT and YT token swaps
Decentralized yield protocol Pendle disclosed that an onchain wallet has been drained, and an exploiter is minting pr…
The Daily: Visa pilots stablecoin payments, Bloomberg’s LTC, SOL and XRP ETF approval odds hit 100%, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Visa pilots stablecoin payments for businesses sending money abroad
Visa launched a pilot to test stablecoins for cross-border payments, providing businesses a new way to transfer money…
Chainlink’s AI-powered communications tool shows promise at streamlining corporate actions, data sharing globally
Chainlink “orchestrated the validation of multiple AI model outputs” that was transmitted to Swift using an ISO 2…
Andre Cronje’s Flying Tulip raises $200 million at $1 billion token valuation
All investors in both private and public rounds will get an “onchain redemption right” to redeem up to their orig…
Aster reimburses traders after XPL perpetual pair glitch sparks forced liquidations
The incident saw the price of XPL on Aster surge to more than $4 from around the $1.30 level witnessed on other excha…
DeFi protocol Hypervault vanishes after $3.6 million suspected rugpull
Security experts noted $3.6 million in abnormal withdrawals from Hypervault on HyperEVM, with funds bridged to Ethere…
SharpLink to tokenize SBET stock on Ethereum via Superstate’s Opening Bell
The Ethereum treasury company joins the likes of Forward Industries and Galaxy Digital in tapping Superstate's soluti…
Castle Island Ventures leads $2.8 million pre-seed round for liquid staking startup RockSolid
Blockchain Builders Fund, GSR, Kindred Ventures, Rocket Pool, and the Stanford Blockchain Accelerator, are among the …
The Daily: Tom Lee says Ethereum is Wall St. and White House’s blockchain of choice, Flare launches a wrapped XRP for DeFi, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Web Needs a Better Model
Dominated by platform giants like Amazon and Google, the internet has strayed from Web3’s original vision of decent…
SBF shares his contact details as FTX investors targeted with another scam
Creditors of the collapsed crypto exchange FTX are facing another round of fraud, this time through a fake airdrop sc…
Flare Network launches FXRP to let XRP be used in DeFi apps
Flare Network has launched FXRP, a wrapped version of XRP that can now be used in decentralized finance (DeFi) applic…
Franklin Templeton brings Benji tokenization platform to BNB Chain
The move follows Franklin Templeton’s recent partnership with Binance on tokenization initiatives.
What’s next after crypto’s largest long liquidation event since February?
History suggests bitcoin tends to underperform in the 30 days following liquidation spikes, K33 Head of Research Vetl…
Cloudflare and Coinbase launch x402 Foundation to drive agent payments
Cloudflare and Coinbase are launching the x402 Foundation to promote adoption of the x402 protocol, a framework for a…
The Daily: Trump-backed World Liberty Financial to launch debit card, White House targets year-end passage of crypto market structure bill, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Raiku raises $13.5 million to bring ‘guaranteed’ transactions on Solana
Raiku has raised $13.5 million across seed and pre-seed rounds from investors including Pantera Capital, Jump Crypto,…
Securitize launches offramp for BlackRock’s BUIDL and VanEck’s VBILL tokenized funds using Ripple’s stablecoin
RLUSD, launched in 2024, is a stablecoin “purpose-built for enterprise utility" with a nearly $740 million market cap.
Crypto millionaire count surges 40% to nearly 250,000 amid ‘historic’ bitcoin wealth boom, report estimates
Crypto millionaires grew 40% year-over-year, primarily driven by bitcoin investors, with global adoption estimated at…
XRP Price Chatter Heats Up After Developer’s $4 Hint – Details
According to posts and market watchers, a return by a well-known developer has reignited talk that XRP could move hig…
Crypto hacker falls victim to own scam losing $50 million to Inferno Drainer’s phishing attack
The hacker who drained UXLINK in a high-profile exploit has ironically become a victim of crypto crime himself. On Se…
Clanker founder rejects Rainbow’s offer to acquire Base token launchpad
Crypto wallet provider Rainbow had proposed acquiring Clanker by offering 4% of its upcoming RNBW token supply.
UXLINK suffers exploit as hacker seizes admin rights to mint tokens and drain millions
UXLINK identified a security breach involving its multi-signature wallet, resulting in crypto being illicitly transfe…