Bitcoin briefly fell below $80,000 on Thursday as analysts say profit taking has increased among crypto traders.
Allbridge Core paused its cross-chain stablecoin bridge protocol after a security incident on Sunday, resulting in $1.65 million being drained from its Solana deployment. The attacker used a flash loan to manipulate exchange rates before bridging funds to Ethereum and privacy pools.
Cardano activated its van Rossem hard fork, upgrading the mainnet to version 11. This update is expected to lower smart contract execution costs and prepares the network for the Ouroboros Leios scalability upgrade, anticipated in late 2026.
Coinbase executive Jesse Pollak transferred the Base consumer app to trader Cobie, admitting his 2024-2025 strategy for onchain social growth "disintegrated completely." Pollak now focuses on building Base into "the blockchain for global finance," while Cobie takes charge of Coinbase's trading products amidst fierce competition and a volatile crypto market.
Michael Saylor, executive chairman of Strategy, published a 110-point essay opposing Bitcoin's BIP-110 soft fork, which aims to temporarily restrict non-financial data like Ordinals. Saylor argues the proposal sets a dangerous precedent by invalidating valid, fee-paying transactions and could lead to network division.
South Korea's FSS has initiated sanctions procedures against Dunamu, operator of crypto exchange Upbit, following a $36 million hack reported in November 2025. The regulator is reviewing potential violations of the Virtual Asset User Protection Act and plans to address regulatory gaps.
Bitcoin is testing the $63,000 level, down 1.7% on the day and 50% below its October record, due to broad risk aversion in markets and persistent selling from long-term holders realizing losses. While ETF inflows show a marginal recovery, they are not yet enough to stabilize the price.
