However, the two most significant incidents were not simple smart contract exploits of the type that AI might design. In one, a North Korea-linked group drained about $285 million from the Drift Protocol after a six-month social engineering campaign that gained it administrative access. For the other, the attacker exploited a single verifier flaw that […]
Here’s What Claude Fable 5 Means for Crypto and DeFi Read More »
Crypto tried to solve this problem with its own version of yield. We’ve tried staking rewards, mining liquidity, and leveraged DeFi strategies. At first glance, they seemed productive. But too much of that return was circular. This depended on symbolic emissions and new flows, and not on real economic activity. This story is a much
Stablecoins were intended to disrupt finance. Instead, they became idle money. Read More »
For Elon Musk’s company, this is a rounding error relative to a valuation of more than $1.8 trillion: small enough that the stock will never trade, but large enough to normalize the asset in a way that no dedicated vehicle can. For years, onchain analysts estimated that SpaceX held around 8,300 bitcoins. The S-1 then
Here’s What SpaceX’s IPO Means for Its 18,000 Bitcoin (BTC) Read More »
Bitcoin climbed above $64,000 on Saturday, reaching an intraday high of over $64,200. The largest cryptocurrency by market cap is up more than 1% in the past 24 hours and is now up more than 8% from its June low just above $59,000. Sentiment was also supported by further positive developments on the geopolitical front
Bitcoin Tops $64.00 as Friday ETF Inflows Hit Highest Level Since May 14 Read More »
“ETFs were considered weapons of mass destruction,” Hoffman said, recalling the skepticism that surrounded the structure before it became one of the primary ways investors accessed the markets. When he joined the ETF industry in the early 2000s, the market held about $200 billion in assets, he said. Today, it is a nearly $20 trillion
The comparison may indicate how the US crypto derivatives market might evolve over the next few years. While spot Bitcoin ETFs have allowed traditional investors to gain exposure to Bitcoin through brokerage accounts, regulated perpetual futures could give retail and institutional traders access to one of crypto’s most popular trading instruments without the need to
Perpetual Futures Could Become Crypto’s Next ETF Moment Read More »
These markets work because trading activity relies on a broad network of credit relationships, clearing brokers and prime brokerage agreements, Mercer says. “This is what the world’s economies and capital markets are built on,” he added. When LMAX launched institutional crypto site LMAX Digital in 2018, Mercer expected similar infrastructure to quickly emerge in digital
Why the future of crypto could look more like traditional markets Read More »
Michael Saylor, co-founder of Strategy, the world’s largest publicly traded Bitcoin holder, has a new mandate for Wall Street’s most elite stocks and a congratulatory message for Elon Musk. Following SpaceX’s historic debut on Nasdaq on Friday, the strategy chairman spoke to X to congratulate Musk, noting that with SpaceX now public, 25% of what
Thanks to you, 25% of “Mag8” companies now hold bitcoin Read More »
Ripple is attempting to bring XRP and RLUSD to market for AI agent payments in an environment that still pays primarily in the dollar-pegged stablecoin USDC. The company introduced the XRPL AI Starter Kit earlier this week, a set of development tools for creating AI agents capable of sending payments on the XRP Ledger, according
Ripple wants AI agents to pay in XRP and RLUSD. The market is still mostly USDC Read More »
Even as the United States tries to negotiate an end to the war with Iran and open the Strait of Hormuz, President Trump said the U.S. military is helping ships and oil transit the crucial waterway. But even though the United States appears to be doing more to move ships through the strait, its efforts
Despite US aid, little oil has passed through the Strait of Hormuz Read More »
