Category: crypto

LayerZero identified North Korea’s Lazarus Group as the likely culprit behind the Kelp DAO exploit that resulted in the theft of 116,500 rsETH valued at $292 million. The exploit was caused by a single-DVN setup without a backup verifier, leading to a significant drop in DeFi TVL and Aave outflows exceeding $10 billion. Multiple DeFi…

Traditional banks may face competition from stablecoins and tokenized real-world assets as these digital currencies expand beyond niche uses. While current U.S. rules prevent stablecoins from paying yield, the growth of these assets could lead to deposit outflows and reduce the lending capacity of traditional banks. Regulatory issues regarding yield-bearing stablecoins are a major point…

The National Security Agency is using Anthropic’s advanced AI model, Mythos Preview, despite the Department of Defense warning that the company poses a supply chain risk. The Pentagon aims to sever ties with Anthropic due to concerns about national security, but internal demand for the technology persists, leading to a legal standoff.

Wrapped XRP, known as wXRP, is now live on the Solana blockchain, allowing users to trade XRP through WhatsApp using AI bots and Solana DEX aggregators. This partnership between LayerZero and Hex Trust enables XRP to be used across various Solana DeFi platforms, expanding its utility and market potential.

Central bankers are concerned about the rapid growth of U.S. dollar stablecoins, warning that they could lead to financial instability if not regulated properly. The Bank for International Settlements (BIS) is calling for tighter global coordination to address the risks associated with stablecoins operating outside of traditional banking safeguards. Regulatory pressure is mounting in Europe…

RaveDAO’s RAVE token experienced a significant drop in value, falling from $26 to below $1. Market manipulation concerns were raised by ZachXBT, who pointed out that early distribution wallets controlled 95% of the total supply. Binance, Bitget, and Gate.io acknowledged the probe calls, while RaveDAO denied involvement in the price action.

IMF lowered its global growth forecast for 2026 to 3.1% due to the Middle East conflict, while raising inflation forecast to 4.4%. The report warned of potential downside risks, including a scenario where global growth could slow to 2.5% and inflation could rise to 5.4% if energy prices continue to rise.

Coinbase has introduced crypto-backed loans in the UK, allowing users to borrow up to $5 million in USDC against digital assets such as bitcoin and ethereum. The loans, issued through Morpho on Base, have variable interest rates and no fixed repayment schedule, with liquidation tied to collateral value thresholds. The service is expanding globally, with…

Bitcoin is trading near $75,000 as it approaches a $7.9 billion Deribit options expiry this Friday. Heavy call interest at $75,000 and negative gamma could lead to increased price volatility. Negative funding rates indicate a short buildup, raising the risk of a squeeze above $75,000. The market is watching key levels at $75,000, $62,000, and…

Piraeus Bank, in collaboration with Accenture and Anthropic, has launched an AI hub to integrate AI across its operations on an enterprise level. The hub will focus on cloud-first technology, workforce training, and updating core banking functions. This initiative aims to strengthen internal capabilities, build trust with customers and regulators, and create a resilient foundation…