Market
Exchanges
Bybit’s reserves plunge by $6 billion in two days after exploit
Bybit users pulled their stablecoins and Bitcoin holdings on the crypto exchange en-masse.
Hacks
Bybit restores Ethereum reserves following $1.4B breach, launches $140M bounty program
Bybit bridges $1.4 billion Ethereum gap through OTC purchases and major crypto loans.
Hacks
North Korea’s Lazarus Group now using crypto gifts to breach security defenses
Cybersecurity experts urge firms to bolster defenses as North Korean hackers layer trust with crypto gifts.
Hacks
ByBit suffers $1.5 billion Ethereum heist in cold wallet breach
The sophisticated attack exploited ByBit’s Ethereum cold wallet, but all other systems are reportedly unaffected.
ETFs
BlackRock’s IBIT now accounts for 50% of US spot Bitcoin ETF market with $56 billion AUM
Fidelity and Grayscale follow, each capturing 17.5% market share.
People
Kanye West’s YZY coin speculation heats up with $11 million in Polymarket bets
Kanye West had previously denied any interest in launching or promoting a crypto token.
Bankruptcy
FTX creditors in Nigeria, Russia, China, Ukraine and others excluded from reimbursements
While FTX processed initial payouts to smaller creditors, users from excluded regions await solutions.
Tokenization
Safemoon executive pleads guilty in $200M fraud case as project pivots to memecoin strategy
The controversial crypto project Safemoon is now community-controlled eyes revival as a Solana-based memecoin.
Tokenization
Pi Network urges caution as fake tokens infiltrate DEXs amid scam allegations
Pi Network highlights legitimate trading avenues to safeguard against fake tokens on decentralized platforms.
People
Sam Bankman-Fried seeks clemency, empathizes with President Donald Trump over legal convictions
The convicted FTX founder said his frustration with the Biden administration's crypto policies fueled a secrete shift in political allegiance to the Republicans.
Technology
Cardano founder outlines post-quantum security strategy amid Microsoft chip milestone
Cardano's quantum defense pivots on proof chains and advanced cryptographic techniques.
Stablecoins
SEC approves Figures Markets’ new yield-bearing stablecoin YLDS
YLDS, a yield-bearing stablecoin, offers SEC registered benefits with daily interest on the Provenance Blockchain.