Category: crypto

Syscoin paused its bridge after a security incident led to 5 billion unauthorized SYS outputs. Major tainted balances were traced to two UTXO addresses. Exchanges and partners were asked to freeze, blacklist, or monitor deposits. The team is investigating, fixing the issue, and determining how to address the unauthorized outputs.

A New York judge has paused a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets and blocked any move toward a default judgment before a July hearing. The complaint argues that abandoned property laws could apply to self-custodial Bitcoin wallets, sparking a debate over whether dormant blockchain assets can be claimed under existing New York…

BTCTOP CEO Jiang Zhuoer dismissed concerns about Strategy selling Bitcoin if the market drops further, stating that Strategy’s image as a long-term Bitcoin holder is important. Even if Bitcoin falls to $30,000, Strategy’s debt levels would still be manageable. Recent concerns over dividends and funding pressure were also addressed.

Arthur Hayes sold his Worldcoin holdings after promoting it as an AI-related investment, drawing criticism for the timing coinciding with a decline in WLD’s price. He defended the move, citing changing market conditions. Hayes also sold his NEAR and HYPE positions, attributing the decisions to various factors affecting the market.

Galaxy Digital has decreased the chances of the CLARITY Act passing in 2026 to 60%, citing a lack of Senate floor time. Senate leaders need to act before the August recess to pass the crypto market structure bill. Issues like ethics and illicit finance talks must still be resolved for bipartisan support.

PiggyBank closed a hedge tied to LAB due to sharp price swings and negative funding rates. The closure resulted in a 15% drawdown in the USDC vault. Questions were raised about using depositor funds for LAB and the risk management of the protocol. A detailed report on the matter is pending.

JPMorgan is concerned that Michael Saylor’s Strategy may need to replenish its dollar reserves to cover dividend obligations, following recent Bitcoin sales. Despite this, JPMorgan expects Strategy to continue buying Bitcoin, estimating $32 billion in purchases by 2026. The bank also lowered its outlook on digital assets due to legislative uncertainty.

Bitcoin price rose above $62,000 after dropping to $59,100 last week. The recovery brought it near $64,200 before sellers returned. Bitcoin is holding its 200-week moving average, but resistance remains at $64,000. Oversold RSI supports a relief bounce, while bearish MACD indicates sellers still control momentum. Open interest is rising, increasing liquidation risk. Buyers are…

Zcash responded to a critical Orchard vulnerability with soft and hard forks, fixing the issue of counterfeit ZEC creation. The token has recovered more than 41% from its post-disclosure low. ViaBTC and Foundry helped coordinate the network response. ZEC rebounded after the vulnerability was patched and Orchard transactions were restored.

HTX delisted USD1, a stablecoin issued by World Liberty Financial linked to Trump, after the platform froze certain on-chain addresses. User USD1 balances will convert to USDT. The move adds to a dispute between Justin Sun and WLFI. HTX aims to protect user assets and reduce trading risk.