Category: crypto
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Binance Alpha’s Piggycell faces scrutiny after brutal crash
Piggycell’s PIGGY token crashed after a sudden mint-and-dump, raising concerns about token controls, smart-contract design, and Binance Alpha’s listing safeguards. A single wallet minted and dumped a large number of tokens, resulting in a 90% price collapse. Piggycell markets itself as a Korean power-bank network tokenized via PIGGY on Binance Alpha. Traders suspect a potential…
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Hash price grinds higher as Provenance market cap tops $1.3b
Provenance’s HASH token price has increased by around 20% in a day and 7% in a week, surpassing a stagnant crypto market. The token’s market cap is approximately $1.34 billion, with 51.9 billion HASH in circulation out of 100 billion. Daily volume spiked to $131,000, primarily on Figure Markets.
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Spectra debuts on Flare, bringing yield tokenization to the network
Spectra, a yield trading platform, is now live on Flare, allowing users to separate fixed and variable yield components. By tokenizing yield, users can lock in fixed returns or trade variable-rate exposure, opening up new DeFi strategies. Liquidity providers can earn fees by providing liquidity to the platform’s pools.
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BlackRock Bitcoin ETF sheds $2.7b in longest outflow streak
BlackRock’s iShares Bitcoin Trust has experienced its worst month on record with a six-week outflow streak totaling over $2.7 billion. Bitcoin’s decline reflects a broader shift in the market as institutions step back. The “Trump boom” for digital assets has not materialized, with meme coins crashing in value.
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WisdomTree debuts Europe’s first fully staked Ethereum ETP
WisdomTree launched the first European exchange-traded product backed by Lido’s stETH, called the WisdomTree Physical Lido Staked Ether ETP (LIST), available on various exchanges. LIST offers investors access to Ethereum staking rewards through a regulated instrument. It represents the integration of decentralized staking with regulated financial infrastructure in European markets.
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European authorities dismantle crypto fraud network that laundered over EUR 700m
European law enforcement agencies conducted coordinated raids in Cyprus, Germany, and Spain to dismantle cryptocurrency fraud networks. Authorities seized millions in cash, cryptocurrency, and assets. The operation targeted fraudulent investment websites that stole and laundered over EUR 700 million. Europol assisted in the crackdown, resulting in arrests and disruption of the network’s operations.
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MetaMask adds Polymarket prediction markets to mobile app
MetaMask has integrated Polymarket into its mobile wallet, allowing users to trade prediction markets directly in the app. Users can fund trades with any EVM token, settle outcomes in seconds, and earn MetaMask Rewards points. This move positions MetaMask as a gateway for mainstream access to decentralized forecasts and on-chain event trading.
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TON treasury company AlphaTON files $420M securities offering
AlphaTON is expanding after clearing SEC limits to raise capital in the US markets. A $420.69 million shelf registration has been filed to support AI infrastructure, GPU expansion, and acquisitions in the Telegram ecosystem. The company aims to strengthen its position as a provider of TON and Cocoon AI infrastructure.
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Base-Solana bridge secured by Coinbase and Chainlink launches
Base and Solana have launched a new bridge on mainnet, allowing users to move SOL and SPL tokens between the two platforms. The bridge is secured by Chainlink CCIP and Coinbase validators. This connection marks the beginning of a wider network expansion strategy for Base, with more cross-chain integrations expected in the future.
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USPD stablecoin protocol exploited for $1M via proxy breach
USPD suffered a security breach when an attacker gained control of its proxy contract, resulting in unauthorized minting of tokens and funds being drained. The breach was caused by a hidden proxy implementation that went undetected for months. The incident is part of a series of exploits in the decentralized finance sector.