Victim Kuan Sun praised Venus and partners after $13.5M recovery, calling it “a battle we actually won” through joint efforts. Decentralized finance (DeFi) lending platform Venus Protocol helped a user recover stolen crypto following a phishing attack tied to North Korea’s Lazarus Group. On Thursday, Venus Protocol announced that it had helped a user recover $13.5 million in crypto after the phishing incident that occurred on Tuesday. At the time, Venus Protocol paused the platform as a precautionary measure and began investigating. According to Venus, the pause halted further fund movement, while audits confirmed Venus’ smart contracts and front end were uncompromised. Read more
DOGE analysts highlight the potential to surge to $1 and beyond, fueled by the launch of the first Dogecoin treasury by CleanCore Solutions. Key takeaways: From memecoin to mainstream? The first $175 million DOGE treasury is launched. DOGE price bullish megaphone pattern puts a 550% rally to $1 in play. Read more
Mantle’s growing utility within the Bybit exchange’s ecosystem may inspire a new wave of convergence between the industry’s decentralized and centralized stakeholders. Mantle 2.0, which aims to become the institutional “liquidity chain” for tokenized real-world assets, is championing a new business model that may accelerate the mutually beneficial convergence between the industry’s centralized and decentralized participants. Mantle Network was initially launched as an Ethereum layer-2 (L2) scaling solution in 2021 under BitDAO, as the first L2 network launched by a decentralized autonomous organization (DAO). In July 2023, BitDAO and Mantle Network consolidated into the Mantle brand and the Mantle (MNT) token. Read more
Wall Street builds crypto infrastructure while traders drown in data. AI agents cut through market noise to execute smart trades while you sleep. Opinion by: Gracy Chen, CEO, Bitget Crypto traders are drowning in information. Live prices flicker by the microsecond, wallet trackers ping fresh whale moves, and sentiment on X pivots by the minute. For the average retail investor, keeping up means decoding all this through pro-level dashboards — often after clocking out from a full-time job. That’s the real pressure point shaping crypto’s next evolution — not another institutional product like BlackRock's ETH staking app. AI trading agents offer a practical solution to that challenge. They compress the flood of market data into a single, actionable recommendation that only needs a simple input from the user. Say someone sets the instruction: “Lock in gains if BTC drops 5% while I’m asleep.” The AI agent pulls the trigger for them and re-hedges before the user’s alarm goes off. Read more
Bitcoin shows signs of exhaustion with the recent drop to $107,000, but a break above $112,000 might confirm last week’s lows as the BTC price bottom. Key takeaways: Bitcoin has dropped 14% from its $124,500 all-time high, which led to a drop in BTC supply in profit, signalling market exhaustion. The $112,000-$116,000 supply zone must be overcome to start the next leg higher. Read more
Wintermute said clear SEC guidance would keep US markets competitive, foster regulator dialogue and support innovation in digital assets. Trading company and market maker Wintermute asked the United States Securities and Exchange Commission (SEC) to confirm that network tokens should not be classified as securities. In formal feedback to the agency’s request for comment, the company said clear guidance on the security status of tokens is necessary to avoid the misapplication of securities laws and ensure the continued growth of crypto markets. Wintermute said that “network tokens,” which are “intrinsically connected to the functioning of a decentralized network or protocol,” are necessary technical inputs for blockchain networks. Because of this, the company said, they fundamentally differ from financial products or securities. Read more
Japan’s Financial Services Agency proposed moving crypto oversight from the Payment Services Act to the stricter Financial Instruments and Exchange Act. Japan’s Financial Services Agency (FSA) presented a proposal that would significantly tighten crypto regulation. A Tuesday FSA report recommends regulating cryptocurrencies under the Financial Instruments and Exchange Act (FIEA), moving them from under the Payment Services Act. This aims to strengthen investor protection and align crypto oversight with securities regulation. The regulator said that many issues within crypto resemble those traditionally addressed under the FIEA, so it may be appropriate to apply similar mechanisms and enforcement. Read more