Category: crypto

A white hat hacker helped recover 1,003 ETH worth $2 million from a failed 2016 Hong Coin ICO contract. Funds were locked for almost a decade due to a bug preventing refunds. The hacker identified a flaw in the contract, allowing refunds to be processed for the 48 original investors.

Crypto losses from hacks and exploits fell to $68.3 million in May, a significant decrease from April’s $650 million. Verus Protocol and THORChain were the most affected, with losses exceeding $21 million. CertiK reported a rise in AI-assisted malware activity targeting code repositories and AI coding tools, emphasizing the need for increased security measures.

Strategy has signaled another Bitcoin purchase and is seeking shareholder approval for more frequent dividend payments on its STRC preferred stock. The company’s chairman, Michael Saylor, shared a bubble chart tracking Bitcoin purchases and urged shareholders to participate in a proxy vote before the June 7 annual meeting. Retail investor participation is crucial for the…

Sui recently completed a major upgrade after three outages on its mainnet. The bugs causing the outages have been fixed, with validators applying a significant upgrade. The SUI token price fell to 89 cents amid reliability concerns. No user funds were at risk during the outages. Future work includes improving failure containment and diagnostics.

The Cardano Foundation canceled its October summit after a proposal seeking 7.8 million ADA failed to secure the required two-thirds approval. Despite 65.2% support, the proposal was rejected, leading to a growing debate over treasury spending and governance priorities within the Cardano community. EMURGO secured approval for Cardano’s participation at TOKEN2049.

Coinbase has launched direct Indian rupee deposits and withdrawals in India, expanding access for local users to trade crypto on its platform. The service allows users to deposit and withdraw INR through IMPS, access spot markets, perpetual futures, and dedicated INR order books. Coinbase is registered with India’s FIU and complies with tax regulations.

Kraken plans to launch regulated Bitcoin perpetual futures in the US, competing with Coinbase and Kalshi after CFTC action. Kraken expects to offer the contracts through Bitnomial within 30 days for eligible US clients. The CFTC issued guidance on market oversight as exchanges bring offshore-style products into the US.

XRP had a weak start to 2026 in terms of market performance, but activity on the XRP Ledger increased significantly. Despite a 27% price drop, XRPL daily transactions rose 35.3% to 2.48 million. RLUSD became the network’s largest stablecoin, and XRPL’s RWA market cap also increased. Trading activity slowed during the quarter. Institutional finance tools…

Ripple CTO David Schwartz discussed how the XRP Ledger could respond to a state-level attack on validators and network operators. He proposed using Tor and I2P for privacy, reserve nodes to replace disabled infrastructure, and a trusted validator list. The emergency plan aims to maintain consensus during extreme situations.

Robert Kiyosaki advises investors to prioritize education and critical thinking over following market hype blindly, especially during Bitcoin’s latest price correction. He emphasizes the importance of understanding assets like Bitcoin, gold, and silver to avoid making costly mistakes. Kiyosaki’s cautionary stance contrasts with his usual bullish outlook on Bitcoin and other assets.