Circle (CRCL) Sued Over $280M Drift Protocol Hack—What Plaintiffs Claim

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this …

Circle Hit With Class Action Suit Over $280M Drift Hack

Circle Internet Group is facing a class action lawsuit led by a Drift Protocol investor claiming it failed to freeze funds stolen in a $280 million exploit of the protocol on April 1. The lawsuit was filed by Drift investor Joshua McCollum on behalf of over 100 members in a US district court in Massachusetts …

Bitcoin Eyes $90K As Whales Devour 20x Daily BTC Supply In Just 30 Days

Bitcoin (BTC) appears on track to hit $90,000 in the coming weeks as whales accumulated about 20 times the cryptocurrency’s daily new supply in the past weeks. Key takeaways: Whales bought roughly 270,000 BTC in the past 30 days. BTC broke out of its symmetrical pattern setup with a measured target at around $92,220. BTC …

Bitcoin funding rate stays negative even as BTC price trades above $75K: What gives?

Key takeaways: Negative Bitcoin futures funding rates signal bear-market losses and forced liquidations rather than a shift in sentiment.  Institutional inflows into Bitcoin ETFs and corporate accumulation suggest that spot demand remains solid. Bitcoin (BTC) sold off in early trading hours at the US stock market open, briefly losing the $75,000 level before rebounding. This …

Bitcoin Jumps On $283M Liquidation But Spot Demand Falters

Bitcoin (BTC) traded between $75,000 and $73,000 over a three-hour period during the New York market open on Thursday, and the abrupt downside move liquidated $283 million in futures positions. The resulting short squeeze pushed BTC back toward $75,000, but sustaining the rebound will require steady buying volume in the spot market. BTC rebounds amid …

Public crypto miners sold more BTC in Q1 2026 than all of 2025: Report

Publicly traded Bitcoin (BTC) mining companies sold more BTC in Q1 2026 than in all four quarters of 2025, as business conditions tighten for the mining industry.  Publicly listed BTC miners, including MARA, CleanSpark, Riot, Cango, Core Scientific and Bitdeer, have collectively sold more than 32,000 BTC in Q1 2026, according to TheEnergyMag. The Q1 …

Bitcoin analysts see ‘further upside,’ and identify next price levels to watch

Market analysts said Bitcoin’s (BTC) latest rally to $76,000 was a “clear momentum shift,” confirming a short-term uptrend for BTC price.  Bitcoin’s short-term holder (STH) supply in profit, a measure of the share of recently acquired coins currently held at an unrealized gain, suggests that BTC/USD has not exhausted its bear market rally, data from …

With no bipartisan leadership, CFTC won’t ‘slow down‘ on rulemaking

The chair of the Commodity Futures Trading Commission (CFTC), Michael Selig, said he would not wait for the appointment of additional commissioners to lead the regulatory agency before moving ahead on rulemaking potentially related to digital assets and prediction markets. In a Thursday hearing of the House Agriculture Committee, Selig responded to questions from ranking …

Charles Schwab to roll out spot Bitcoin, Ether trading for retail clients

Charles Schwab, one of the largest US brokerage firms, will roll out spot cryptocurrency trading for retail clients in the coming weeks, starting with Bitcoin and Ether through a dedicated account linked to its brokerage platform. According to Thursday’s announcement, the offering will allow clients to trade and view crypto alongside stocks and other assets …

Florida Man Allegedly Drains $20,000 From Wells Fargo Customer, Calls Victim Dozens of Times To Request More Cash: Report

A Florida resident is accused of scamming a Wells Fargo customer out of $20,000 by posing as a bank official. Kevon Christopher-Ky’Marley Shaw is accused of repeatedly calling the victim in September of 2025 and identifying himself as “Steven Fenton” from Wells Fargo’s fraud department, reports Tamarac Talk. Police say Shaw provided the victim’s correct …

Bitcoin bull run ‘still too early’ to call as demand lags exiting capital: Analyst

Bitcoin (BTC) hit range highs above $76,000 on Wednesday, but Glassnode analysts say data suggest that calling for the start of a new bull market is premature.  New capital inflows have stayed weak, with Bitcoin’s growth rate remaining negative across all 105 trading days in 2026, highlighting a gap between stable price action and limited …

Bitcoin rebounds near $74.5K as US stocks chase after new all-time highs

Bitcoin (BTC) treaded water at Thursday’s Wall Street open as the S&P 500 reached new all-time highs. Key points: Bitcoin stays locked on $74,000 after its local highs preceded a new record for the S&P 500. Analysis warns that the US midterm elections may impact the stock rally. Bitcoin could follow the Nasdaq 100 higher, …

Zonda exchange says 4.5K BTC wallet inaccessible amid withdrawal crisis

Crypto exchange Zonda said a cold wallet holding around 4,500 Bitcoin is currently inaccessible as the platform faces concerns over delayed withdrawals. Zonda CEO Przemysław Kral posted a video statement on Thursday disclosing the exchange’s wallet address, saying the private keys to the wallet were never handed over. In the statement, Kral denied accusations of …

Tether announces $150M recovery program for Drift Protocol

Stablecoin issuer Tether, the company behind USDt (USDT), said Thursday it will back a $150 million recovery program for the Drift Protocol decentralized exchange (DEX) following an exploit of the platform in April. The recovery plan for the $280 million Drift Protocol exploit includes $127.5 million from Tether, with the rest coming from undisclosed partners, …

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