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Coinbase Faces 0M Cyberattack Fallout While Joining S&P 500

Coinbase Faces $400M Cyberattack Fallout While Joining S&P 500

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Cyberattack Impact: Coinbase estimates $180-$400 million in remediation costs after hackers stole data from <1% of monthly transacting users, demanding a $20 million ransom. Extortion Response: The exchange refused to pay, offering a $20 million bounty for information leading to the attackers’ arrest. S&P 500 Inclusion: Coinbase’s stock surged 24% after replacing Discover Financial in the S&P 500, a historic step for...

Cryptocurrencies, Exchanges, Front page

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Pectra Upgrade Fuels Ethereum’s 43.6% Weekly Rally

Pectra Upgrade Fuels Ethereum’s 43.6% Weekly Rally

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The decentralized finance (DeFi) ecosystem is buzzing after Ethereum (ETH), the world’s second-largest cryptocurrency, surged nearly 20% on May 8, 2025, marking its biggest single-day gain since May 2021. Trading above $2,700—a 43.6% weekly increase—ETH has outpaced rivals like Bitcoin and Solana, fueled by the rollout of the Pectra upgrade on May 7. But with transaction fees climbing and network activity lagging, can Ethereum sustain its...

Ethereum, Front page

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Florida Teens’ Crypto Kidnapping and Stealing USD $4 million

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Three Florida teens kidnapped a crypto investor in Las Vegas. Stealing $4 million in digital assets. The victim was ambushed at gunpoint, driven to a desert, and forced to transfer his crypto. Teens, including Belal Ashraf and Austin Fletcher, facing 22 felony charges and being tried as adults, with one suspect fleeing abroad. This case highlights a growing trend of violent crimes targeting cryptocurrency holders. On...

Cryptocurrencies, Front page

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FOMC Sparks Crypto Rally

FOMC Sparks Crypto Rally: BTC and ETH Surge, Altcoins Follow Suit

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Crypto market rallies after FOMC’s May 7, 2025, decision: The Federal Reserve’s decision to hold rates at 4.25%–4.50% sparks bullish momentum. Bitcoin surges past $102,000: BTC shows strength, up 3.5%–6% since the FOMC meeting, driven by institutional inflows. Ethereum jumps to $2,300: ETH gains 17%–21% post-Pectra upgrade, outperforming BTC. Altcoins ride the wave: Solana, XRP, and others post double-digit gains, though meme coins...

Bitcoin, Cryptocurrencies, Ethereum, Front page, News

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Vitalik Buterin’s Ethereum RISC-V Proposal

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Vitalik Buterin proposes a 5-year plan to replace Ethereum’s EVM with RISC-V. Aiming for simplicity like Bitcoin. The change could boost efficiency by up to 100x, addressing Ethereum’s scalability issues. It involves compiling smart contracts to RISC-V, maintaining core functions but improving execution. Ethereum’s transaction fees hit $0.16 in April 2025, highlighting the need for this upgrade. The proposal aligns with...

Ethereum, Front page, News

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