Category: crypto

Syndicate Labs confirmed a breach in its cross-chain bridge due to a leaked private key, resulting in the theft of 18.5 million SYND tokens worth $330,000. The team plans to fully compensate affected users and implement stricter security measures. The attack was sophisticated and exploited weak key storage and upgrade controls.

Kevin Hassett warns that reappointing Jerome Powell to the Fed Board could impact interest rate cuts, with markets uncertain about the new leadership’s policy. This could affect crypto traders, as the composition of the Fed Board will influence the pace of cuts and, in turn, liquidity and risk appetite in digital assets.

Bitcoin is struggling to break above $78,000-$79,000 resistance due to ETF outflows, internal Fed divisions, and record short positions. The market is stable but lacks conviction for a breakout. High interest rate expectations are suppressing risk assets, while low volatility and confidence hinder Bitcoin’s attempts to surpass resistance levels.

Polymarket is launching an on-chain market integrity monitoring system with Chainalysis to detect insider trading and manipulation in its prediction markets. The system will analyze trades on public blockchains to identify suspicious behavior and ensure compliance with regulations. This move aims to set a new standard for prediction markets and provide transparency for both crypto…

TRM Labs reports that North Korea-linked hackers have stolen $577 million in cryptocurrency in 2026, representing 76% of all global crypto hack losses. This surge in theft is attributed to sophisticated tactics and a state incentive to bypass sanctions. Recent attacks on KelpDAO and Drift Protocol highlight the risks in DeFi and market structures.

The U.S. Air Force has made a deal with Powerus, a drone company backed by President Donald Trump’s sons, to purchase interceptor drones as part of efforts to counter Iranian drones. This deal tightens family links to the Pentagon and follows the use of cheap AI drones in the ongoing conflict.

Jerome Powell announced at his final FOMC press conference that he will remain on the Federal Reserve Board of Governors past May 15 due to legal attacks on the institution. The decision led to a drop in Bitcoin prices and a collapse in rate cut odds for 2026. Powell cited the DOJ investigation into the…

Meta has started paying select creators in USDC stablecoin on Solana and Polygon through Stripe, marking Facebook’s first crypto payout program after the shutdown of its Libra project in 2022. The move allows eligible users in Colombia and the Philippines to link wallets and receive earnings in USDC, with Stripe handling backend operations.

Hong Kong regulators warn investors about fake stablecoins circulating under the names of recently approved issuers HSBC and Anchorpoint Financial. The firms confirm no regulated stablecoins have been issued yet. The city’s new licensing regime imposes strict rules and enforcement powers to combat fraudulent activity in the market.

The Federal Reserve kept Fed rates unchanged at 3.50 to 3.75% on April 29, marking the third consecutive hold of 2026. Market attention was on Chair Jerome Powell’s press conference, his last FOMC appearance before his term ends. Powell’s language on inflation and the transition to incoming chair Kevin Warsh were key market factors.