Author: John Smith
Shiba Inu’s Shibarium bridge suffered a $2.4 million flash loan attack on Friday, giving the exploiter control of 10 of 12 validator keys and allowing them to drain ETH and SHIB tokens from the network. Developers quickly paused certain functions, secured remaining funds in a multisig hardware wallet, and are working with security firms to investigate the breach, which underscores the growing risk facing cross-chain bridges in DeFi. Summary Shibarium bridge hacked, $2.4m in ETH and SHIB drained via flash loan exploit Hacker used 4.6m BONE loan, gained validator control, drained bridge contract Devs paused network, secured funds in multisig,…
The UAE Ministry of Interior (MOI) participated in the International Cryptocurrency Security Action Week workshop in Singapore. Summary UAE joins global law enforcement in Singapore to fight crypto fraud and laundering Digital Dirham CBDC launch set for late 2025 with wholesale and retail use cases Dubai pushes $16b real estate tokenization, Emirates to accept crypto payments The UAE joined global law enforcement agencies to address cryptocurrency-related crime challenges. The event was organized by the Secure Communities Forum with Mastercard. Enhanced international cooperation on crypto crimes The workshop brought together hundreds of experts from law enforcement and security professionals to share…
Bitcoin rallied and moved above $115,000 last week as expectations of Federal Reserve interest rate cuts rose and as exchange-traded inflows jumped by over $2.3 billion. At last check on Sunday, Sept. 14, the top cryptocurrency was down 0.5% for the day. See below. Source: CoinGecko Summary Bitcoin price has rallied ahead of the Federal Reserve interest rate decision. Economists expect the bank to cut interest rates by 0.25%. While BTC price may jump, the rising wedge pattern points to a dive. Federal Reserve to cut interest rates The most significant macro tailwind this week will be the Federal Open…
Crypto markets grabbed headlines last week, from billion-dollar fundraising pushes at Polymarket and Kalshi to Gemini going public. Tether also staked its claim in the U.S. with a new regulated stablecoin, Coinbase turned up the heat on regulators, and Binance deepened Wall Street ties with Franklin Templeton. Meanwhile, Avalanche and HashKey unveiled ambitious treasury plans, OpenSea edged closer to its long-awaited token, and Michael Saylor’s firm continued to pile into Bitcoin as German authorities faced scrutiny over a missed multibillion-dollar BTC haul. Prediction platforms target billion-dollar valuations Polymarket received offers valuing the company at up to $9 billion. Kalshi is…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The world is in the middle of a mental health crisis, and the system designed to address it is falling short. Despite affecting hundreds of millions globally, many governments are only allocating 2% of their health budget to the issue. This chronic underinvestment, estimated at $200 to $360 billion annually, remains one of the greatest obstacles to progress. Summary Traditional research is broken — mental health studies remain siloed, underfunded, and misaligned with real-world outcomes, despite a…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. If artificial intelligence is the new electricity, a handful of private utilities already control the switch, and they can dim the light for everyone else…any time that they want. Summary Compute is the new chokepoint — today’s biggest models and breakthroughs depend on a few centralized servers, turning AI into a rigged tournament instead of an open race. Treat compute as infrastructure — like electricity or broadband, it should be provisioned as a utility with transparent pricing,…
Pepe Coin rallies on the heels of a massive supply drop, which helped propel the token to a one-month high as trading volume and exchange outflows skyrocket. Summary Pepe price continued its strong rally on Saturday. Over 1.1 trillion tokens have left exchanges in the past two days. Pepe’s futures open interest has jumped to July highs. Pepe (PEPE) saw a seven-day rally, reaching a one-month high as futures open interest surged and exchange outflows increased. The token hit $0.00001200 on Sep. 13, with trading volume topping $1.34 billion—surpassing Shiba Inu’s (SHIB) $406 million and Pudgy Penguins’ (PENGU) $592 million.…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. GBC Mining launches a cloud mining platform with massive returns and a $20 welcome bonus for new users. Summary GBC Mining launches platform with $20 welcome bonus, letting users mine crypto without hardware or expertise. The new gbcmining.com platform offers competitive returns and simplified access to global crypto mining. GBC Mining aims to democratize crypto mining, making it easy and profitable for investors at all experience levels. GBC Mining, a unique cloud mining company, today announced the launch of…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DigiTap raises $80k in its ICO, with analysts predicting big gains as the digital payments market grows. Summary DigiTap launches as the first omnibank, merging crypto and fiat to enable instant, borderless financial transactions. With TAP, users can make global payments, transfers, and withdrawals — all powered by blockchain and AI routing. Analysts call DigiTap a top Q4 crypto pick as it targets 3.6b mobile banking users by 2030 with its omni-banking model. Ethena (ENA) has been in the…
After weeks of steep declines in participation, the non-fungible token (NFT) market is showing early signs of stabilization, buoyed by a broader crypto rebound. While overall buyer and seller activity has plunged nearly 70%, transaction volumes are creeping higher, and specific blockchains and collections are breaking out with double-digit growth. At last check on Saturday, Bitcoin (BTC) topped $115,800 — up 5.2% over the past seven days — and Ethereum (ETH) hovered above $4,600, up 9.1% for the week. Summary NFT sales posted modest 4.7% recovery to $106.6 million Market participation collapsed with buyer and seller counts dropping around 70%…