Jane Street has asked a federal court to dismiss Terraform Labs' bankruptcy lawsuit, arguing it is a misguided attempt to shift blame for the 2022 UST-LUNA collapse. The firm contends that Terraform's fraudulent activities have already been addressed through prior legal proceedings.
Aave faces potential losses up to $230 million following a Kelp DAO bridge exploit that created unbacked rsETH collateral, prompting immediate risk mitigation measures and significant user withdrawals.
A $292 million exploit of KelpDAO's rsETH token has exposed critical vulnerabilities in DeFi's interconnected infrastructure, raising fears of systemic risks and further eroding investor trust in the crypto sector.
Core Scientific is issuing $3.3 billion in high-yield bonds to fund its strategic shift from cryptocurrency mining to AI data center operations, leveraging its existing infrastructure to secure long-term leases with CoreWeave.
Bitcoin trades near $75,000 ahead of a massive $7.9 billion options expiry, with significant call concentration and negative gamma potentially triggering volatility or a short squeeze toward the $71,000 max pain level.
Ripple has unveiled a comprehensive four-stage roadmap to secure the XRP Ledger against quantum computing threats, aiming for full quantum-resistance by 2028. The plan includes emergency measures, vulnerability assessments, and phased integration of post-quantum cryptography to ensure a seamless transition.
Jane Street has asked a federal court to dismiss Terraform Labs' bankruptcy lawsuit, arguing it is a misguided attempt to shift blame for the 2022 UST-LUNA collapse. The firm contends that Terraform's fraudulent activities have already been addressed through prior legal proceedings.
Tether has frozen $344 million in USDT on the Tron blockchain following requests from U.S. law enforcement, citing suspected illicit activity. This move highlights growing scrutiny over stablecoin issuers' roles in combating illegal financial flows.
North Korea-linked hackers have expanded their cryptocurrency theft strategy, targeting decentralized finance infrastructure through sophisticated exploits like the Kelp incident, highlighting systemic vulnerabilities in cross-chain systems.
Bitcoin surpasses $75,000 amid Iran-Pakistan ceasefire talks and a global equity rally, yet faces headwinds from persistent miner selling and negative funding rates.
Bitget partners with Republic to launch IPO Prime, a platform offering tokenized access to private companies like SpaceX on Solana, enabling investors to trade pre-IPO exposure before public listings.
The UK Financial Conduct Authority (FCA) has conducted its first coordinated operation against unregistered peer-to-peer (P2P) crypto trading, targeting eight London locations in collaboration with HMRC and the South West Regional Organised Crime Unit (SWROCU). The sites were shut down for facilitating P2P trading without required registration or anti-money laundering controls, posing a financial crime risk.
Bitcoin has climbed past the typical post-dividend dip of Strategy's STRC for the first time in six months, fueled by a short squeeze and sustained U.S. spot demand. This recovery allows Strategy to potentially access its ATM program for further Bitcoin acquisitions.
Carmine Agnello, grandson of mob boss John Gotti, has been sentenced to 15 months in prison for fraudulently obtaining $1.1 million in pandemic relief funds and investing a significant portion in cryptocurrency ventures.
Independent researcher Giancarlo Lelli won a 1 BTC bounty by breaking a 15-bit elliptic curve key using public quantum hardware, marking a significant step in quantum attack feasibility and accelerating post-quantum migration efforts across major blockchains.
Bitcoin ETFs attract nearly $1 billion in inflows, reinforcing bullish sentiment, while the KelpDAO hack sparks DeFi concerns. Meanwhile, traders build short positions amid geopolitical tensions, potentially setting up a short squeeze if prices stabilize.
A recent Nomura and Laser Digital survey reveals that 31% of institutional investors now hold a positive outlook on crypto, up from 25% in 2024, driven by regulatory clarity and diversification needs.
Kalshi announces additional insider trading cases, including a Virginia Senate candidate and reality TV star, as it continues to face regulatory scrutiny and legal battles over its market operations.