Blockchain security firm Cyvers has reported a major security breach that affected DeFi platform Abracadabra’s MIM_Spell platform. The attack led to the loss of 6,262 ETH, equivalent to around $12.9 million. According to Cyvers, the attacker quickly bridged the stolen ETH to the Ethereum network and distributed the funds across three newly generated wallets. MIM …
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BlackRock, the largest investment firm in the world with over $11 trillion in assets under management, made two significant moves on March 25 to increase its presence in the crypto industry. The firm has extended its tokenized money market fund to the Solana blockchain and introduced its first Bitcoin exchange-traded product (ETP) in the European …
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World Liberty Financial (WLFI), the decentralized finance project aligned with US President Donald Trump, has now unveiled details of its plan to release USD1, a US dollar-pegged stablecoin. According to a March 25 announcement, USD1 will launch first on Ethereum and Binance Smart Chain, with further blockchain integrations planned. The digital asset is designed to …
Three US states—Arizona, Kentucky, and Oklahoma—have launched new legislative efforts to support Bitcoin. During the past day, lawmakers in these states have introduced or passed bills to protect crypto rights, encourage Bitcoin investment, and set up state-managed reserves. Arizona’s Bitcoin Reserves bills Arizona is moving forward with two Bitcoin-focused bills that cleared the House Rules …
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Crypto liquidations declined by around 76% in the second half of March as Bitcoin’s price action consolidates near the $87,000 mark following heightened volatility earlier in the month. According to Coinglass, between March 12 and March 25, long liquidations totaled $1.26 billion, while short liquidations came in at $1.14 billion. This compares to $7.2 billion …
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Update: WLFI has since released more information on the official USD1 launch. World Liberty Financial (WLFI), a DeFi project partly owned by US President Donald Trump’s family, has cautioned investors about fake versions of its yet-to-launch USD1 stablecoin. In a March 24 announcement on X (formerly Twitter), the project and Changpeng Zhao (CZ) clarified that …
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Bitcoin held steady near $88,000 even as roughly $1 billion worth of BTC was quietly moved from the defunct Japanese exchange Mt Gox. Bitcoin Price Unfazed by Massive Mt. Gox Wallet Activity Some 11,501 bitcoins were quietly shuffled around Tuesday morning from Mt Gox, which filed for bankruptcy in 2014, but the activity, which could …
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Strategy founder Michael Saylor suggested in a recently aired Coindesk interview that burning his bitcoin private keys—akin to Satoshi Nakamoto’s anonymous legacy—could serve as a form of “decentralized charity” to permanently empower the Bitcoin network. Michael Saylor Explores Bitcoin’s ‘Economic Immortality’ Through Key Burning Legacy In a Coindesk interview, Strategy (formally Microstrategy) executive chairman Michael …
This content is provided by a sponsor. PRESS RELEASE. The four-day agenda for the Hong Kong Web3 Festival 2025, taking place April 6 to 9, at Hong Kong Convention and Exhibition Centre, is now available. This annual event celebrates Web3 exploration and achievements as well as innovation and the spirit of Web3 creativity, convening global …
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U.S.-based application-specific integrated circuit (ASIC) manufacturer Auradine has launched the Teraflux AH3880, a hydro-cooled bitcoin miner engineered in the U.S. to improve energy efficiency, reduce operational costs, and mitigate supply chain risks. Teraflux AH3880 Hydro-Cooled Miner Targets Energy Efficiency, Supply Chain Challenges According to the announcement shared with Bitcoin.com News, the new Teraflux AH3880 operates …
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The announcement comes at a time when two landmark stablecoin bills are making their way through Congress. New Stablecoin Coming Soon from Trump-Backed World Liberty Financial World Liberty Financial (WLFI) announced plans to launch a USD stablecoin dubbed “USD1” in a post on Tuesday. The Trump-backed crypto project, which touts itself as a “pioneering DeFi …
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Bitcoin.com CEO Corbin Fraser revisits Bitcoin Cash’s origin story, the divisions that followed, and how that led him and many others to EVM and DeFi. Big Blocks, Forks, and Internal Drama: The Origin Story of Bitcoin Cash Corbin Fraser, CEO of Bitcoin.com, recently addressed a common misconception within the crypto community regarding the creation of …
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This content is provided by a sponsor. BTC Bull Token (BTCBULL) has just passed the $4 million mark in its presale. With airdrops tied to Bitcoin’s price and a token burn system designed to boost scarcity, this meme coin is building something unique – and investors are hyped. BTC Bull Token Combines Meme Coin Energy …
The asset management giant Fidelity hopes to launch a blockchain-tracked share class for one of its existing funds. The Fidelity Treasury Digital Fund is 99.99% invested in U.S. Treasury bills. A new filing with the U.S. Securities and Exchange Commission (SEC) indicates the firm hopes to launch a new “OnChain” share class for the fund …
Pump.fun’s new DEX, PumpSwap, recorded daily fees above $1 million on March 24, pushing its all-time revenue to $2.1 million. Memecoin launchpad Pump.fun’s new decentralized exchange (DEX), PumpSwap, surpassed a cumulative trading volume of $1 billion a week after its launch, according to blockchain analytics platform Dune. On March 19, Pump.fun launched its Solana DEX …
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