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Tag: News

1inch Resolver TrustedVolumes Drained for $6.7M in Ethereum Exploit

TrustedVolumes, a prominent market maker and resolver for 1inch Fusion, was exploited for $6.7 million on Thursday. The attacker abused a publicly accessible function to register as an authorized order signer, bypassing traditional security checks. 1inch Network clarified that its core aggregation protocols and user funds remain unaffected by the third-party breach. Liquidity provider TrustedVolumes, a key market maker and resolver utilized...

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Michael Saylor

Michael Saylor Opens the Door to Selective Bitcoin Sales While Doubling Down on Long-Term Accumulation

In a notable shift for one of cryptocurrency’s most vocal advocates, Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), addressed potential Bitcoin sales during the company’s Q1 2026 earnings call. While the firm has built its reputation on aggressive, never-sell accumulation, Saylor emphasized a pragmatic approach: “We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message...

Bitcoin, Crypto adoption, News, People in crypto

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Senate Banking Committee Sets Markup Date for CLARITY Act

Senate Banking Committee Sets Markup Date for CLARITY Act, Reviving Crypto Market Structure Legislation

Senate Banking Committee schedules May 14 markup for the CLARITY Act, the comprehensive digital asset market structure bill. Industry stakeholders express optimism as negotiations address jurisdiction, consumer protections, and stablecoin yield issues. Progress follows months of delays, positioning the bill for potential floor action in the coming months. The U.S. Senate Banking Committee is set to hold a markup session on...

Crypto regulation, Cryptocurrencies, Front page, News, Regulation

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Banking Groups Push Back on Clarity Act Stablecoin Yield Compromise

Banking trade groups are opposing a bipartisan compromise in the Clarity Act designed to settle the dispute over stablecoin yield. The proposed language by Senators Thom Tillis and Angela Alsobrooks bans passive yield but allows rewards for “bona fide” activities like staking and liquidity provision. Financial institutions argue the exceptions create loopholes that could lead to a $850 billion drop in community bank lending. A...

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Judge Clears Path for Aave to Transfer  Million in Frozen ETH Tied to North Korea-Linked Exploit

Judge Clears Path for Aave to Transfer $71 Million in Frozen ETH Tied to North Korea-Linked Exploit

Aave advances recovery: Manhattan federal judge modifies freeze to permit transfer of ~30,766 ETH from Arbitrum to Aave-controlled wallet. DeFi United initiative: Coordinated response to April Kelp DAO rsETH exploit involving over $290 million in unbacked tokens. Ongoing legal tension: Terrorism judgment creditors’ claims follow the assets, highlighting risks at the intersection of DeFi, sanctions, and national...

Cryptocurrencies, DeFi, Ethereum, Front page, Hacks, News

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