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Volo Protocol has confirmed a $3.5 million exploit affecting select vaults, adding that it has frozen assets and started fund recovery efforts amid ongoing investigation. Decentralized finance (DeFi) protocol Volo has disclosed a security breach that resulted in the loss of approximately $3.5 million in digital assets, marking the latest incident in a series of exploits targeting DeFi platforms. In a Wednesday post on X, the team said the attack affected select vaults and involved assets including Wrapped Bitcoin (WBTC), Matrixdock Gold XAUm and USDC (USDC). “We detected the attack, immediately notified the Sui Foundation and ecosystem partners to contain the damage, and froze the vaults to prevent any further exposure,” the team wrote. The protocol added that around $28 million in total value locked across other vaults is safe, with the exploit limited to three isolated vaults and no shared vulnerability identified. It also revealed plans to absorb the losses rather than pass them on to users, though details...
Uzbekistan has created a supervised crypto mining zone in Karakalpakstan, allowing foreign sales while requiring proceeds to flow through local bank accounts. Uzbekistan has created a special crypto mining zone across Karakalpakstan under a presidential resolution signed on Friday, opening a supervised framework that lets approved mining companies sell mined digital assets on foreign platforms while keeping the proceeds inside the country’s banking system. A presidential decree effective Monday creates the “Besqala Mining Valley,” a special mining zone across the Republic of Karakalpakstan, where registered legal entities can carry out crypto mining, use a mix of power sources and apply for resident status through a new directorate under the republic’s Council of Ministers. The framework gives miners in the zone the right to sell crypto assets obtained through mining on national crypto exchanges or foreign platforms, including through direct contracts, and to exchange them for other liquid crypto assets. Stil...
Stratiphy is reopening a tax-free route to crypto ETNs in the UK after HMRC’s ISA rule change left retail investors with little practical access. UK fintech platform Stratiphy launched a new offering with a practical, tax-free route back into crypto exchange-traded notes (ETNs) for UK investors after a series of regulatory shifts effectively shut them out. In October 2025, the Financial Conduct Authority lifted its four-year ban on retail access to crypto ETNs tied to assets like Bitcoin (BTC) and Ether (ETH). These products could initially be held in standard stocks-and-shares Individual Savings Accounts (ISAs), offering tax-free exposure. However, that changed at the start of the new tax year, when HM Revenue & Customs ruled that new purchases of crypto ETNs would no longer qualify for those ISAs. Instead, eligibility was limited to Innovative Finance (IF) ISAs, a niche wrapper typically used for peer-to-peer lending, and no platform offered both, resulting in a dead end for investors seeking access. Read m...
HackerOne, one of the largest bug bounty platforms in the world, reported there were 85,000 valid bounty submissions in 2025, up 7% from the previous year. Crypto protocols have warned that an increase in AI use has led to a flood of bogus bug bounty submissions, putting a strain on teams trying to identify real threats to their protocols. Bug bounties are a system to reward “good” hackers for submitting reports about potential vulnerabilities and are popular in the crypto industry. AI has now made it easier to sift through large amounts of code to find possible bugs, though AI is also known to hallucinate. “AI is changing the way that bug bounty programs must operate,” said Barry Plunkett, co-CEO of Cosmos Labs, on Tuesday, responding to a bug bounty hunter who accused the protocol of ignoring their vulnerability report. Read more
Umbra has shut down its front end to stop hackers, but says it can’t stop the use of its smart contracts or another version of its open-source front end. Privacy-focused crypto protocol Umbra said it has taken down its front-end website to make it more difficult for hackers who have been using it to move funds from recent “high-profile hacks.” Umbra posted to X on Tuesday that it is aware that around $800,000 worth of stolen funds were moved via its protocol. It added that it made the decision to move the hosted version of its front end into maintenance mode and would restore it “as soon as we are assured that doing so won't create obstacles to the current recovery efforts.” Read more
According to reports, Kalshi plans to launch crypto perpetual futures, expanding beyond prediction markets as regulated derivatives offerings in the US continue to evolve. Prediction market exchange Kalshi is reportedly preparing to expand into cryptocurrency trading by introducing perpetual futures contracts, marking a major shift beyond its core event-based derivatives business. In a Tuesday report, The Information cited people familiar with the matter as saying Kalshi plans to offer perpetual futures — commonly known as “perps” — on cryptocurrencies such as Bitcoin (BTC). Perpetual futures are a type of derivative contract that allows traders to speculate on price movements without an expiration date. Read more
Tempo announced the integration of ”stablecoin-powered payment infrastructure” with DoorDash, Stripe, Paradigm, Coastal Bank and ARQ. DoorDash plans to offer its users, “dashers” and merchants the option to use stablecoins in their transactions with the food delivery app, according to the Tempo blockchain. In a Tuesday notice, Tempo said that together with DoorDash, it was “building stablecoin-powered payment infrastructure” in a move for its delivery drivers, also known as “dashers,” merchants, and users to settle transactions using digital currency. The blockchain cited payout speed, lower cross-border cost and transaction flexibility in its reasons for the integration, expected to apply to users in more than 40 countries. “If we can get merchants and Dashers their money faster, and do that in a way that's affordable for them, that's a no-brainer for the entire ecosystem,” said DoorDash co-founder Andy Wang. Read more
With a CFTC greenlight expected soon, industry momentum is building for the derivative contracts still only available to non-US investors. Blockchain.com has rolled out perpetual futures trading in its non-custodial DeFi wallet, allowing users to open leveraged positions directly from self-custodied Bitcoin used as collateral without transferring funds to an exchange. According to Tuesday’s announcement, the feature is routed through decentralized derivatives exchange Hyperliquid and gives users access to more than 190 crypto markets with up to 40x leverage. Perpetual futures are derivative contracts that allow traders to take leveraged positions on an asset’s price without an expiration date. Michael Selig, chair of the Commodity Futures Trading Commission (CFTC), said last month that the derivatives regulator plans to allow the contracts in the coming weeks. Read more
Bitcoin inflows diverge across exchanges as selling pressure eases on Binance, while Coinbase shows more dominant activity. Bitcoin (BTC) mid-size wallet inflows to Binance fell to 3,000–4,000 BTC, marking a multi-year low in sell-side activity from this cohort. This coincides with Coinbase recording about 8,500 BTC in inflows from similar wallets on April 19, while other exchanges saw much smaller flows. Binance exchange Bitcoin inflows have also fallen to 2023 levels, but how is this significant to today’s market? CryptoQuant data classifies mid-size wallets as the entities holding roughly 100–1,000 BTC, often linked to active traders and smaller institutions. These wallets tend to move coins to the exchanges during distribution periods, making their inflows a useful proxy for near-term selling intent. Read more
Attorney General Letitia James alleged that Coinbase and Gemini ran unlicensed markets, adding pressure on crypto companies as states move to regulate event-based trading platforms. New York's attorney general has filed lawsuits against crypto exchange operators Coinbase Financial Markets and Gemini Titan for allegedly violating state gambling laws, according to court records cited by Reuters. Copies of the complaints show the state alleges both exchanges failed to obtain licenses from the New York State Gaming Commission to operate their markets, Reuters reported. “Gambling by another name is still gambling, and it is not exempt from regulation under our state laws and Constitution,” Attorney General Letitia James said in a statement. Read more
Nium integrates Coinbase’s infrastructure to enable USDC-based cross-border payments, allowing businesses to settle in fiat or stablecoins without relying on prefunded accounts. Singapore fintech Nium has selected Coinbase to integrate USDC payments into its global network to send, receive and convert stablecoins to fiat across more than 190 countries through a single platform. According to a Tuesday announcement, the integration uses Coinbase’s infrastructure for custody, liquidity and wallet services, enabling Nium’s customers to fund cross-border payouts in USDC and settle in either stablecoins or local currencies. Traditional cross-border payment systems often require companies to prefund accounts across multiple jurisdictions, tying up capital while transactions settle across time zones and banking networks, Santhosh Srinivasan, VP of Treasury at Nium, told Cointelegraph. Read more
Analysts say Bitcoin’s rally has begun, but the upside may be capped at an average spot BTC ETF cost basis near $84,000. Market analysts said Bitcoin’s (BTC) latest rally to $78,000 means that the “uptrend has began,” but the upside could be capped at $84,000, based on several key metrics. Key takeaways: Bitcoin profitability metrics say that BTC has entered the early stages of a “real rally.” Read more
The miner plans to refinance short-term debt and scale its US infrastructure as the broader industry pivots toward AI and high-performance computing. Core Scientific is seeking to raise $3.3 billion in debt to support its expanding data center operations across the United States, as crypto miners increasingly pivot toward high-performance computing and artificial intelligence workloads amid tighter conditions in the mining sector. The financing will come through senior secured notes due in 2031, the company disclosed Tuesday. The notes will be backed by Core Scientific’s assets, giving investors priority claims in the event of default. Unlike an equity raise, the offering allows the company to access capital without diluting existing shareholders. Proceeds from the offering are expected to fund ongoing data center development and refinance existing short-term debt. Read more
BTC price action slowly headed upward but funding stayed negative, a unique occurrence that analysis said would result in a short squeeze. Bitcoin (BTC) sought to match ten-week highs on Tuesday as market participants bet on a new short squeeze. Key points: Bitcoin is due a fresh short squeeze as funding rates uniquely stay negative as price grinds higher, say market pundits. Read more
Kevin Warsh faced intense questions from Senator Elizabeth Warren and other lawmakers over his more than $100 million financial disclosure ahead of a confirmation hearing. The nominee to lead the US Federal Reserve, Kevin Warsh, on Tuesday faced criticism and backlash from Democrats questioning his financial disclosures and potential conflicts of interest. Heading into today’s Senate Banking Committee confirmation hearing, it was clear that the independence of the Fed remains a key issue for many lawmakers concerned about US President Donald Trump’s influence over any Senate-confirmed candidate. With Jerome Powell’s term as the US Federal Reserve Chair set to expire next month, lawmakers are scrambling replace the long-serving official. Read more
A $517 million rise in spot volume led by Coinbase is helping Bitcoin reclaim $76,000, with steady inflows absorbing the weekend selling pressure. Bitcoin (BTC) rebounded above $76,000 on Tuesday, after the spot market demand on Coinbase exchange saw a second week of bullish volume trends. Net spot buy volume has climbed sharply over the past 15 days, signaling sustained strength from bulls, but will BTC be able to turn the $75,000 level into a long-term support level? The aggregated spot cumulative volume delta (CVD) continues to trend higher, rising to $517 million on Tuesday, up from $55 million on April 17. The broader CVD across spot and futures is above $8.5 billion, with BTC price consolidating just below $77,000 following Monday's recovery. Read more
Poland’s parliament is in a deadlock over crypto and its inability to align local laws with MiCA may drive some local crypto companies abroad. Poland’s parliament, the Sejm, has yet to pass a domestic enabling act for the EU’s regulations on cryptocurrencies. The parliament has again failed to override a presidential veto on a key crypto regulation bill. President Karol Nawrocki defended his veto, citing concerns over excessive regulation that could harm small businesses. Opponents state that the lack of framework makes the Polish market vulnerable to fraud and free-for-all for illicit actors. The political path forward is unclear. Outside the political arena, the reality is that Poland is the only EU member state left to implement the bloc’s Markets in Crypto-Assets (MiCA) regulatory framework. The deadline for the transitionary period ends on July 1. Read more
A survey by Börse Stuttgart Digital shows that 35% of European investors would switch to banks with better crypto offerings, but regulatory uncertainty remains an issue. Cryptocurrency offerings are starting to influence how European investors are choosing their bank providers, but regulatory uncertainty continues to hinder mainstream adoption, according to a new survey. A Börse Stuttgart Digital survey released Tuesday found that 35% of European investors would consider switching banks if another institution offered better cryptocurrency investment options, suggesting crypto is starting to influence how some customers choose financial providers. Nearly one in five respondents said they expect their main bank to offer crypto access within the next three years, according to the survey, which covered about 6,000 investors in Germany, Italy, Spain and France. The findings suggest crypto is moving closer to the mainstream banking relationship, at least among investors already open to digital assets. Read more
A thwarted home invasion near Montpellier adds to France’s surge in violent “wrench attacks,” as high‑profile and doxxed crypto holders are increasingly in criminals’ sights. A man posing as a delivery driver allegedly tried to extort a crypto investor at gunpoint in a suburb of Montpellier, in what local media describe as the first reported crypto-motivated home invasion in France’s Hérault region. According to French outlet Actu.fr, the suspect gained access to the family home in Saint-Jean-de-Védas on April 11, pulled out a handgun and forced the parents and their children into a room before the father overpowered him during a struggle in which a shot was fired. No one was injured, and investigators from the Montpellier research section of the Gendarmerie later identified and arrested a 25-year-old suspect, who has since been charged and remanded in custody while police examine whether he acted alone. Read more
A 39-member coalition including Nasdaq urged the EU to fast-track DLT pilot changes, warning Europe could lose ground to the US in tokenized finance. A group of European financial companies and industry bodies have urged European Union officials and lawmakers to fast-track changes to blockchain rules, warning the region risks falling behind the US in tokenized finance. In a joint letter on Tuesday, 39 signatories, including Nasdaq and Boerse Stuttgart, called on the European Commission and Parliament to carve out the DLT Pilot Regime from a broader legislative package and review it as a standalone law, according to a copy of the letter shared by crypto association Adan. The group argued that folding the regime into the wider Market Integration and Supervision Package could delay reforms needed to keep pace with global developments. “Negotiations are likely to be lengthy,” the letter, addressed to Financial Services Commissioner Maria Luis Albuquerque, said, adding that delays “risk dampening Europe’s momentum...10222 items