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Tag: Cryptocurrencies

Arbitrum Security Council Freezes M ETH from Kelp DAO Exploiter in Emergency Onchain Action

Arbitrum Security Council Freezes $70M ETH from Kelp DAO Exploiter in Emergency Onchain Action

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Emergency freeze: Arbitrum Security Council transferred 30,766 ETH (~$70 million) from the exploiter’s wallet on Arbitrum One to a protocol-controlled address (0x…0DA0) before the native bridge withdrawal finalized. Timing: The action followed PeckShield’s alert on the withdrawal initiation and was confirmed by Lookonchain roughly 20 minutes after execution on April 21, 2026. Context: The move addresses funds traced to the April 18...

Cryptocurrencies, Front page, Hacks, News

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Weekly Snapshot – Institutional Inflows Ignite Crypto Recovery

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The crypto market closed the week with Bitcoin near $73,800 after testing $77,000 highs, supported by record institutional inflows while altcoins showed selective strength. Total market cap remained above $2.5 trillion as Wall Street deepened involvement. Main news Institutional demand dominated this week with crypto ETPs logging $1.1 billion in net inflows—the strongest weekly figure since January—led by U.S. spot Bitcoin products...

Altcoins, Bitcoin, Crypto market, Cryptocurrencies, ETF, Ethereum

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Bitcoin’s Fourth Halving Cycle Dramatically Underperforming Prior Ones

Bitcoin’s Fourth Halving Cycle Dramatically Underperforming Prior Ones

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Cycle comparison: The post-April 2024 halving cycle is “dramatically” weaker than the 2012, 2016 and 2020 cycles, according to Galaxy head of research Alex Thorn. Price gains: Bitcoin’s 2025 peak above $125,000 was only 97% above the April 2024 halving price near $63,000, versus 9,294% in 2012, 2,950% in 2016 and 761% in 2020. Volatility decline: The 30-day Bitcoin Volatility Index now sits at 1.75%, well below the 9.64% peak seen...

Bitcoin, Cryptocurrencies, Front page, News

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Kraken Parent Payward to Acquire Bitnomial for Up to 0 Million

Kraken Parent Payward to Acquire Bitnomial for Up to $550 Million, Gaining Full CFTC-Licensed U.S. Derivatives Stack

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Deal terms: Payward will acquire 100% of Bitnomial for up to $550 million payable in cash and stock, valuing the parent company’s equity at $20 billion. Licenses secured: The transaction gives Kraken control of a fully CFTC-regulated U.S. derivatives platform, including an exchange, clearinghouse and brokerage. Strategic impact: Bitnomial, the first crypto-native firm to hold the complete suite of CFTC licenses, spent over a decade...

Crypto regulation, Cryptocurrencies, Front page, News, Regulation

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Circle Faces Class-Action Lawsuit Over Alleged Failure to Freeze 0M Stolen USDC in Drift Protocol Exploit

Circle Faces Class-Action Lawsuit Over Alleged Failure to Freeze $230M Stolen USDC in Drift Protocol Exploit

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Lawsuit filed: Class action initiated on April 14, 2026, by Drift investor Joshua McCollum on behalf of over 100 affected users in U.S. District Court for Massachusetts. Exploit details: On April 1, 2026, attackers drained an estimated $280–285 million from the Solana-based DEX Drift Protocol through trading, lending, and vault deposits. USDC movement: Approximately $230 million in stolen USDC was transferred from Solana to...

Cryptocurrencies, Front page, Hacks, News, Stablecoins

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