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Author: CryptoPress

Algorand Token Surges 24% Following Google Research on Post-Quantum Threats

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The native token of Algorand (ALGO) jumped over 24% this week, reclaiming the $0.10 level and pushing its market capitalization back toward $1 billion. A landmark whitepaper from Google Quantum AI, UC Berkeley, and the Ethereum Foundation cited Algorand 32 times, trailing only Bitcoin and Ethereum in total mentions. The report specifically praised Algorand’s live deployment of Falcon digital signatures and state proofs, which protect the...

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Drift Protocol Fallout Spreads to 20 Projects as Prime Numbers Fi Losses Top $10 Million

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The number of protocols affected by the Drift Protocol vulnerability has expanded from 11 to 20 within the last 24 hours. Prime Numbers Fi has emerged as the hardest-hit victim among the new wave, with estimated losses exceeding $10 million. Total losses across the Solana ecosystem connected to the incident are now estimated at approximately $285 million. The contagion from the recent Drift Protocol security breach has significantly...

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Polymarket Just Got Valued—And Its Volume Hit a New ATH This Month

Polymarket Just Got Valued—And Its Volume Hit a New ATH This Month

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When Infrastructure Meets Momentum Last March, prediction markets exploded to 191 million transactions — a staggering 2,838% jump year-over-year — with Polymarket driving the lion’s share of the action. Billions of dollars moved on real-world outcomes: the next NBA champion, geopolitical flashpoints, blockbuster movie openings, and even Bitcoin’s daily price swings. Not through a traditional sportsbook or Wall Street desk, but onchain, on...

Cryptocurrencies, Main, Prediction Markets

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X to Auto-Lock Accounts Posting About Crypto for the First Time to Combat Scams

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X (formerly Twitter) is rolling out an auto-locking and verification system for users who post about cryptocurrency for the first time in their account history. The measure aims to dismantle the economic incentive for hackers who hijack high-follower accounts to promote phishing links and meme coin scams. X Head of Product Nikita Bier stated the feature should “kill 99% of the incentive” for bad actors exploiting the...

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Elliptic Links $286 Million Drift Protocol Exploit to North Korean State-Sponsored Hackers

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Blockchain analytics firm Elliptic has identified multiple indicators linking the $286 million exploit of Drift Protocol to the Democratic People’s Republic of Korea (DPRK). The attack on the Solana-based perpetual exchange involved a sophisticated social engineering campaign to compromise the Security Council’s administrative powers. Stolen funds are being moved through cross-chain bridges and swapped to Ethereum, mirroring laundering...

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