XRP Ledger activity surges with 4,300 new wallets created in 24 hours, but strong resistance keeps XRP price capped. XRP Ledger has seen a spike in new addresses over the last 24 hours, but overhead resistance at $1.40 kept the XRP (XRP) price in check. Key takeaways: Read moreContinue Reading

Polymarket said user funds and market resolution were safe after a suspected private key compromise tied to top-up operations. Polymarket confirmed a security exploit affected part of its infrastructure, pointing to a possible private key compromise involving a wallet used for top-up operations, while saying user funds and market resolution were safe. In a Friday...Continue Reading

Polymarket is reportedly seeking entry into Japan amid falling trading volumes and rising regulatory scrutiny, targeting approval by 2030. Polymarket, a global prediction market platform, is reportedly seeking entry into Japan amid growing regulatory scrutiny of the sector worldwide. The company has appointed Mike Eidlin, head of Japan at crypto firm Jupiter, to lead its...Continue Reading

Bitcoin rallied for 90 days after its dip below $60,000, breaking the record for the longest uptrend within a bear market in BTC price history. Bitcoin (BTC) has trended up for 90 days and is seeing a “bull market rally,” analysis says. Key points: Read moreContinue Reading

The hacker behind the Verus bridge exploit returned 75% of the stolen funds as part of a recovery deal negotiated with the protocol days after the incident. The attacker behind the Verus bridge exploit has returned 4,052 Ether, worth about $8.5 million, to the project’s team wallet after Verus offered a 1,350 ETH bounty for...Continue Reading

An executive at tokenization platforms Superstate said the stricter approach suggested by Hester Peirce would enable DeFi to expand without compromising rules in traditional capital markets. US Securities and Exchange Commissioner Hester Peirce has told the crypto industry to cool its expectations about a potential “innovation exemption” to allow tokenized stock trading after a report...Continue Reading

Galaxy Digital’s Mike Novogratz reportedly told a court the SEC made it “very difficult” to complete a planned 2021 merger with BitGo. Galaxy Digital founder Mike Novogratz appeared in court on Tuesday to face off against BitGo CEO Mike Belshe in a long-running legal fight over a failed proposed $1.2 billion merger in 2021. The...Continue Reading

TradFi views the breakup of its previously consolidated, centralized liquidity as a “serious structural threat,” said Tiger Research director Ryan Yoon. The US Securities and Exchange Commission’s move to allow third parties to list tokenized stocks could risk two structural disruptions with liquidity and revenue fragmentation, according to Tiger Research. Liquidity fragmentation may occur as...Continue Reading

Uncertainty surrounding the current macro environment “appears to be pushing institutions toward hedging strategies while waiting for greater clarity,” said analyst Darkfost. A key indicator of institutional crypto market participation, the Coinbase premium has fallen deeper into negative territory, indicating increased selling pressure from institutions. The Coinbase premium has been mostly negative since late April,...Continue Reading

CertiK reported earlier this month that criminal wrench attack teams usually consist of three to five people and are often made up of amateurs, while the masterminds are outside the country. Two of the six men accused of attempting to kidnap the wife of Sébastien Borget, the co-founder of The Sandbox, were arrested after calling...Continue Reading