Category: crypto

Four.Meme, a Memecoin launchpad on BNB Chain, faced a $130,000 loss due to an exploit. The platform suspended its launch function for investigation, but later resumed it after compensating affected users. The attack involved exploiting a vulnerability in the 0x7f79f6df function to manipulate liquidity and drain pool funds.

Ethena Labs and Securitize announced the launch of Converge, a layer-1 blockchain for institutional capital flows and integrating tokenized assets with DeFi. The initiative aims to provide a purpose-built network for financial applications, with a mainnet launch scheduled for the second quarter. It will support DeFi speculation and tokenized assets.

Standard Chartered has lowered its year-end price target for Ethereum (ETH) to $4,000, down from $10,000, due to structural weaknesses in the network’s economic model. The bank’s research report suggests that the rise of Layer-2 networks has reduced the value captured by Ethereum’s main blockchain, leading to concerns over its long-term viability.

Bitcoin’s price is currently being impacted by sell pressure from short-term holders, with long-term holders or institutional demand needed to absorb it. Institutional support has weakened, as shown by recent ETF outflows. Market data indicates that short-term holders are selling at a loss, contributing to downward pressure. Institutional investors’ response will be crucial in determining…

The Ethereum Foundation is responding to community feedback and considering changes to its operations, with a focus on project development and investment rather than research. There are concerns over ETH’s underperformance compared to other cryptos. The foundation has made organizational changes and established the Silviculture Society to gather community input.

Asset manager Hashdex has updated its S-1 filing to include seven altcoins in its crypto index ETF alongside Bitcoin and Ethereum. The fund currently tracks the Nasdaq Crypto US Index but plans to transition to the broader Nasdaq Crypto Index. The SEC must approve the changes before they take effect, reflecting the growing interest in…

US investors are cautious about Bitcoin and cryptocurrency due to trade tariffs and stock market volatility, leading to a negative Coinbase Premium. This withdrawal of US investors is affecting confidence in the market.

Robinhood has launched a prediction market hub allowing users to trade contracts on global events, such as the Federal Reserve’s target interest rate and College Basketball Tournaments. Each contract represents a probability percentage. The service is available in the US through KalshiEX LLC and plans to cover various topics over time.

Telegram CEO Pavel Durov stated that the platform has exceeded legal obligations in content moderation and crime prevention. French authorities are investigating Telegram’s role in combating illegal activities. Durov was arrested in 2024 for alleged complacency in addressing criminal activity. The platform has since implemented stricter content moderation policies.

The SEC is reconsidering a rule that would impose stricter custody requirements on investment advisers holding crypto and other assets. This rule, initially supported by former SEC Chair Gary Gensler, aimed to protect investors but is now being reevaluated due to concerns over its broad scope and potential negative impacts on the crypto industry. The…