The lawsuit against Coinbase appears to be filed by the victim of a $55 million stablecoin phishing attack pulled off in 2024.
XRP's price recovery above $1.16 is supported by large holders accumulating tokens and reducing exchange deposits, while US spot XRP ETFs continue to attract fresh capital, signaling increased conviction and sustained demand.
Kazakhstan approved a new framework for large-scale crypto mining, linking electricity access to contributions to a state-backed digital asset reserve. Strategic miners must meet strict infrastructure requirements and transfer part of their mined crypto to Astana Hub.
AFX Trade, an Arbitrum-based perpetuals exchange, lost $24.15 million in a USDC bridge exploit. The protocol halted the bridge and offered the attacker a 30% white hat bounty for returning 70% of the funds, which were swapped for 12,468 ETH.
A debate rages over whether AI is causing a 'hackpocalypse' in DeFi. While April saw major crypto losses, some experts call it a false alarm, citing declining median hack sizes. Others warn AI is rapidly enhancing existing attack methods, making older contracts vulnerable and industrializing crypto crime, even if it hasn't replaced traditional security failures.
BitMEX, a pioneer in cryptocurrency derivatives trading, will cease operations by Sept. 23, 2026, following a strategic review by its owner, HDR Global Trading Limited. Users are urged to close positions and withdraw funds, with assets remaining safe during the wind-down period.
US-listed spot Bitcoin ETFs have recorded nearly $1 billion in net inflows over seven consecutive trading sessions, suggesting institutional interest. This streak, however, is below April's nine-session run. Inflows on Wednesday were lower than Tuesday's, coinciding with a slight dip in Bitcoin's price and market sentiment.
