Tag: Breaking

BlackRock’s iShares Bitcoin Trust (IBIT) has reached a new all-time high, surpassing 806,700 BTC in total holdings. The milestone follows nine consecutive trading days of net inflows, with the fund adding approximately 21,500 BTC during that period. IBIT currently commands roughly 49% of the total U.S. spot Bitcoin ETF market share, valued at over $63.7 billion. BlackRock’s iShares Bitcoin Trust (IBIT) has set a new record for its Bitcoin...

Bitcoin’s 30-day realized volatility fell to 42%, slipping below South Korea’s Kospi index (51%) and Pakistan’s KSE 100 (51%). The divergence stems from geopolitical energy shocks impacting oil-dependent Asian economies more severely than the crypto market. Analysts credit the stabilization of Bitcoin to structural changes, including the maturation of U.S. spot ETFs and increased institutional capital. Bitcoin is increasingly distancing...

LayerZero clarified that the $290 million exploit of Kelp DAO’s rsETH bridge resulted from external security configurations rather than a flaw in the LayerZero protocol. The attack is being attributed to the North Korean Lazarus Group, involving a sophisticated DDoS attack and the compromise of RPC nodes. Kelp DAO has paused its liquid restaking operations while security teams work to trace the stolen assets across multiple chains. LayerZero...

RAVE token prices plummeted nearly 90% in a 24-hour window, erasing approximately $5.7 billion in market capitalization following a record-breaking rally. On-chain investigator ZachXBT alleged that 90% of the token supply is controlled by team-linked wallets, claiming coordinated transfers to exchanges triggered a massive short squeeze. Binance and Bitget have initiated internal investigations into the trading activity after liquidations...

An attacker drained 116,500 rsETH ($292 million) from the Kelp DAO LayerZero bridge, using the unbacked tokens as collateral to borrow WETH on Aave. Aave is currently grappling with approximately $280 million in bad debt as the fraudulent rsETH collateral is effectively worthless and unliquidatable. The protocol’s ETH pool utilization reached 100%, temporarily preventing further withdrawals and sparking over $5.4 billion in total...