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Here’s why Bitcoin’s fall below $68,000 increases the risk of a crash below $60,000

President Donald Trump’s new aggressive posture toward Iran has sent bitcoin down about 2% over the past 24 hours, to $67,000. While this price action is consistent with typical volatility, beneath the surface the market structure appears fragile. This is primarily due to flows in the options market listed on Deribit, particularly a build-up in

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Here’s how Drift attackers drained more than $270 million using a Solana feature designed for convenience.

The attack on Drift Protocol was not a hack in the traditional sense. No one has found a bug or decrypted a private key. There was also no flash loan exploit or manipulated oracle. Instead, an attacker used a legitimate Solana feature, “sustainable occasions,” to trick Drift’s security board into pre-approving transactions that would be

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Coinbase (COIN) Wins First OCC Trust Charter Greenlight, Bolstering Custody Push

Coinbase (COIN) said Thursday it received initial approval for a national trust company charter from the U.S. Office of the Comptroller of the Currency, Bloomberg reported, marking a step toward operating as a federally regulated crypto custodian. Approval is not final. This is a conditional green light that sets out the requirements that Coinbase must

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CFTC sues Illinois over state cease-and-desist letters against prediction markets

The Commodity Futures Trading Commission and the U.S. Department of Justice filed a lawsuit Thursday against Illinois and various state officials over the state’s efforts to shut down prediction market providers. Illinois has sent cease and desist letters to some prediction market providers, arguing that the companies were offering sports gaming products that should be

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Elon Musk’s X will deploy an anti-scam kill switch by automatically locking the first mentions of cryptography

Social media platform X is preparing a new security measure aimed at stopping a widespread form of crypto-phishing that exploits hacked accounts to promote fraudulent tokens. The company will soon automatically lock any account mentioning cryptocurrency for the first time in its history, according to Nikita Bier, the company’s product manager. Users will need to

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Oil shock and risk of war keep crypto investors on the sidelines: grayscale

Crypto markets are stuck in a holding pattern as geopolitical tensions in the Middle East cloud an otherwise improving macroeconomic backdrop, according to crypto asset manager Grayscale. “The war in Iran overshadowed virtually all other market developments in March,” Grayscale’s research team said in a report Wednesday. Before the conflict escalated, global growth appeared to

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Bitcoin at 80% long-term holder supply, approaching a classic bottom signal

The two things most cryptocurrency investors wonder about are how inferior bitcoin can be. BTC$66,121.29 go and how much longer this bear market could last. The “price pain” aspect has been widely discussed, but the temporal dimension is another question in itself. Price pain refers to sharp declines or volatility that force participants to exit

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