Market Dynamics Continue to Paint a Bullish Picture for Bitcoin BTC$75,261.41 even as Iran-related developments and DeFi hacks dominate headlines. U.S.-listed spot ETFs brought in $663 million on Friday, the highest amount since Jan. 15. Total inflows reached $996 million last week, up from $786 million the week before, according to data source SoSoValue. This […]
The crypto market is returning to familiar territory after a short-lived spike reaching its highest level since early February on Friday. Bitcoin BTC$75,048.22 is trading below $75,000 while ether (ETH) is at $2,300, both significantly below Friday’s highs of $78,300 and $2,460. One reason traders are optimistic is that the bitcoin futures market on the
Bitcoin BTC$75,363.49 options worth approximately $7.9 billion are set to expire on Deribit this Friday, with positioning data pointing to $62,000 and $75,000 as key levels to watch. According to data source Glassnode, the $75,000 level is where most call option trades, which represent bullish bets, took place. At the time of writing, approximately $395
Bitcoin Heads Toward $7.9 Billion Options Expiry With Big Positioning At $75,000 Read More »
Aftershocks from Saturday’s KelpDAO hack are spreading through stablecoin markets in ways that weren’t immediately obvious. In the 24 hours following the attack, Aave users borrowed approximately $300 million against their Tether stablecoin deposits. USDT$1.0002 on the platform, according to data from Chaos Labs. Rising borrowing is not a sign of demand; this is a
$300M Borrowing Spike on Aave Signals Liquidity Crisis After Exploit Read More »
Bitcoin adoption rebounds in the United States, but consumers still favor gold and stocks
LayerZero placed blame for the $290 million Kelp DAO exploit on Kelp’s own security setup, saying the Liquid Restoration Protocol was running a single-verifier setup that LayerZero had previously warned against. The attack used a new vector targeting the infrastructure layer rather than any protocol code. The attackers, which LayerZero attributed with preliminary confidence to
Bitcoin absorbs the return of risk in the Middle East better than oil or stocks. Bitcoin was trading at $74,335 Monday morning, down 1.6% over 24 hours, but still up 4.8% over the week after the U.S. Navy seized an Iranian ship over the weekend and Tehran reimposed controls on the Strait of Hormuz. Ether
The decentralized finance (DeFi) ecosystem is experiencing heavy capital flight following the weekend exploit of the KelpDAO protocol. Aave, the leading DeFi lending platform, lost $8.45 billion in deposits over the past 48 hours, leading to a broader $13.21 billion drop in total value locked (TVL) in DeFi. TVL refers to the combined monetary value
DeFi wiped out $13 billion in two days, and it started with the KelpDAO attack Read More »
A flaw at web infrastructure provider Vercel is forcing crypto teams to rotate API keys and perform deep inspection of their underlying code. In a bulletin, Vercel said the hacker was able to scrape behind-the-scenes settings that weren’t locked down, potentially exposing API keys — the digital credentials used by apps to connect to other
Hack at Vercel sends crypto developers scrambling to lock down API keys Read More »
A roughly $292 million exploit over the weekend shook the crypto industry, exposing vulnerabilities in decentralized finance (DeFi) infrastructure and raising concerns about ripple effects on lending protocols. Although investigations are still ongoing, initial analysis suggests the attack was centered on Kelp’s rsETH token – a profitable version of ether (ETH) – and the mechanism
how it happened and what it means for DeFi Read More »
