Tag: Cryptocurrencies
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...
Linux Foundation Launches x402 Foundation to Govern Coinbase’s Open AI Payments Protocol
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x402 Foundation launched: Linux Foundation takes over governance of the x402 protocol originally developed by Coinbase for web-native payments.
Key backers: Founding participants include Google, Stripe, Visa, Mastercard, Shopify, Cloudflare, Solana Foundation, Base and others.
Purpose: Enables AI agents, APIs and apps to transact value seamlessly via the revived HTTP 402 “Payment Required” status code.
Adoption metrics: Solana...
Drift Protocol Exploited for Over $200 Million in Largest Solana DeFi Hack of 2026
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Drift Protocol exploit: Solana-based perpetuals DEX lost between $200 million and $285 million in a suspected attack on April 1, 2026.
Platform response: Team confirmed “active attack,” suspended deposits and withdrawals, and urged users to proceed with caution.
On-chain impact: Approximately 980,000 SOL and other assets drained; funds swapped to stablecoins with some bridged via Circle’s CCTP.
Token reaction: Native DRIFT token...
CFTC Chief Warns Prediction Market Traders: Insider Trading Laws Fully Apply
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CFTC position: Enforcement Director David Miller stated that insider trading laws apply to prediction markets, directly countering claims that they do not.
Legal classification: Event contracts are treated as swaps rather than gaming, subjecting them to standard market-abuse rules.
Market scale: Prediction markets have scaled to more than $20 billion in monthly volume according to TRM Labs data.
Recent scrutiny: Suspicious...
Crypto regulation, Cryptocurrencies, Front page, News, Regulation
Lido’s Latest Gamble: Buyback Program To Rescue LDO
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Lido, the largest liquid staking protocol in the Ethereum ecosystem, is making a bold move to rescue its native token, LDO, from historic lows. With the token recently plunging to $0.28, the Lido Ecosystem Operations team has unveiled a buyback program designed to restore confidence and stabilize the market.
The proposal calls for deploying up to 10,000 stETH—roughly $20.5 million—from the DAO treasury to purchase LDO in a one-off program. To...





