Category: crypto

Radiant Capital is collaborating with US law enforcement and Web3 security experts to recover over $50 million stolen in a complex DeFi hack. The attackers used malware to exploit developers’ hardware wallets, executing undetected transactions. Radiant is enhancing security measures, including stricter transaction approvals and delayed contract updates, to prevent future breaches.

DBS Bank in Singapore has launched a blockchain-based service for institutional investors, called DBS Token Services. This service enhances transaction banking with real-time payment settlements, smart contract capabilities, and regulatory compliance. It aims to optimize liquidity, streamline operations, and improve resilience, reflecting how traditional banks can leverage blockchain technology.

Cube, a hybrid exchange utilizing secure multi-party computation, has listed Access Protocol (ACS) for content monetization on Solana. The recent developments include the announcement of Isometric, aiming for cross-chain trading without asset bridging. Cube also partners with the Argentine government to enhance its financial system through blockchain technology.

Ripple stated there are no surprises in the SEC’s recent appeal regarding Judge Torres’s ruling, which partly favored Ripple on XRP sales to retail investors. The SEC is contesting Ripple’s programmatic sales and targeting executives Garlinghouse and Larsen. Ripple affirmed the ruling on XRP’s non-security status remains unchallenged.

Elon Musk proposed a Department of Government Efficiency (D.O.G.E.) if Trump is re-elected, aiming to optimize government spending. Trump supports this initiative and may appoint Musk to lead it. Following the announcement, Dogecoin’s price surged 10%, with increased trading activity and rising investor interest in the cryptocurrency.

Eigenlayer’s X account has been compromised, prompting a warning from PeckShieldAlert. Users are advised against clicking suspicious links that appear genuine due to misleading previews. The increase in phishing scams on social media highlights the need for enhanced security measures, as over $1.56 billion has been lost to crypto hacks in 2024.

The US Department of the Treasury recovered and prevented over $4 billion in fraud during fiscal year 2024, utilizing AI and machine learning. This marks a significant increase from $652.7 million in 2023, as the Treasury intensified fraud prevention efforts and focused on high-risk transactions.

Worldcoin, backed by Sam Altman, rebranded as World and aims to reach 1 billion users. Key updates include launching World Chain, a Layer 2 blockchain, and new biometric Orb devices for identity verification. The project focuses on scalability and decentralization, expanding globally, with new Orbs expected by spring 2025.

A Blockworks Research report reveals that nearly 70% of institutional ETH investors engage in staking, with 52.6% holding liquid staking tokens (LSTs). Factors influencing their choice of staking providers include liquidity and security. While interest in restaking grows, concerns about centralization persist, highlighting a cautious yet optimistic outlook among investors.

Spot Bitcoin ETFs have exceeded $20 billion in total net inflows, boosted by $1.5 billion in a week, signaling heightened investor interest. Despite Grayscale’s outflows, net growth remains substantial, with Bitcoin ETFs managing $65 billion total assets and holding 951,000 Bitcoin, enhancing their influence in the crypto market.