Category: crypto

SAHARA token by Sahara AI fell around 55% due to a sudden sell-off, with trading volume surging. The team denied insider selling, attributing the drop to a planned transfer of 600 million tokens to a Chainlink bridge contract. The project’s contracts and products were deemed secure, with an ongoing investigation into the cause of the…

Despite growing debt and preferred stock obligations, Strategy’s stock is trading 31% above its estimated net asset value. The company’s reliance on Bitcoin-backed financing poses a risk to common shareholders. Concerns about dividend funding persist, especially if Bitcoin declines further. Strategy’s recent increase in cash reserves and Bitcoin purchases have sparked discussions about its financial…

RippleX developers are using formal verification to review the XRPL lending code before Mainnet activation. This process aims to find potential flaws that traditional testing may miss in the XLS-66 Lending Protocol and XLS-65 Single Asset Vaults. Validator support is still needed for the activation of XLS-66.

On-chain investigator ZachXBT concluded that Humanity Protocol’s $31 million exploit was caused by a private key compromise, not an insider theft scheme. Evidence pointed away from the theory that the project team orchestrated the exploit. Concerns remain about suspicious market activity before the exploit. The attacker also minted an additional 100 million tokens.

SBI Shinsei Bank is offering a campaign where customers can receive crypto exchange vouchers worth 20% of their deposit interest, redeemable for Bitcoin, Ether, or XRP. To participate, customers must open an SBI VC Trade account. This initiative is part of SBI Group’s expanding lineup of crypto services, including lending and investment products.

Humanity Protocol revealed that over $36 million in H tokens were stolen by attackers who compromised administrative keys for bridge infrastructure on Ethereum and BNB Smart Chain. The breach started with a compromised laptop, allowing attackers to mint tokens and control bridges. Recovery efforts are ongoing with exchanges and law enforcement.

Zodia Custody has obtained a Payment Institution license in Luxembourg, allowing for regulated custody and transfer of stablecoins across the EU. The approval complements the company’s existing MiCA license and is part of a plan to integrate with Standard Chartered’s digital asset operations. Zodia aims to consolidate custody operations and expand services for institutional clients…

OKX has launched 13 new X Perp markets in Europe, offering futures tied to major U.S. tech stocks, commodities, and stock indices. Trading volume for X Perps has increased by 447% since May 1. The exchange plans to introduce a SpaceX-linked X-Perp following the company’s IPO. Regulatory compliance is a focus due to upcoming EU…

Morpho Association raised $175 million in funding from investors, led by Paradigm, a16z Crypto, and Ribbit Capital. The funding valued Morpho at about $2 billion and will support technical development, commercial integrations, and wider use of its open credit infrastructure. The network already has over $11 billion in deposits and is used by major finance…

Ripple CTO Emeritus David Schwartz responded to criticism of his title with a detailed poem about his role in the development of the XRP Ledger. The poem covered various topics including cryptography, payments, custody, and decentralized exchanges. Schwartz remains involved in public discussions about XRP and blockchain security despite stepping away from daily leadership duties.