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Drift Protocol Exploited for Over 0 Million in Largest Solana DeFi Hack of 2026

Drift Protocol Exploited for Over $200 Million in Largest Solana DeFi Hack of 2026

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...

Cryptocurrencies, Front page, Hacks, News

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CFTC Chief Warns Prediction Market Traders Insider Trading Laws Fully Apply

CFTC Chief Warns Prediction Market Traders: Insider Trading Laws Fully Apply

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

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US Labor Department Proposes Safe Harbor for Crypto in 401(k) Plans

US Labor Department Proposes Safe Harbor for Crypto in 401(k) Plans, Targeting $8T Retirement Market

DOL proposal: Provides a process-based safe harbor for fiduciaries selecting alternative investments, including cryptocurrency funds, after reviewing performance, fees, liquidity, valuation, benchmarking, and complexity. Market impact: Targets the $8.8 trillion participant-directed 401(k) market across roughly 721,000 plans, part of the broader $14.2 trillion defined contribution space. Trump directive: Implements the president’s...

Bitcoin, Crypto regulation, Cryptocurrencies, Front page, News, Regulation

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Bitcoin Jumps as Trump Announces Talks With 'New Regime' in Iran, Threatens Energy Infrastructure

Bitcoin Jumps as Trump Announces Talks With ‘New Regime’ in Iran, Threatens Energy Infrastructure

BTC climbs on geopolitics: Bitcoin gained over 1.3% in 24 hours, trading above $67,600 following Trump’s Truth Social post. Trump’s announcement: U.S. in “serious discussions” with a “new, and more reasonable, regime” in Iran; “great progress” reported toward ending military operations. Carrot and stick: Trump demanded immediate reopening of the Strait of Hormuz and threatened to “blow up...

Bitcoin, Cryptocurrencies, Front page, News

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Maxine Waters Demands Answers from Fed on Kraken Master Account

Maxine Waters Demands Answers from Fed on Kraken Master Account Approval

Congresswoman Maxine Waters sent a letter on March 26, 2026, to Federal Reserve Bank of Kansas City President Jeff Schmid inquiring about Kraken Financial’s master account approval. The letter seeks details on the account’s access to Fed services, risk controls, and whether enhanced oversight was applied beyond Wyoming SPDI requirements. The approval, granted March 4 for an initial one-year term, marks the first such access for a...

Crypto regulation, Cryptocurrencies, Front page, News, Regulation

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