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Bitcoin’s slump could be its strength

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Good Thing BTC’s Stuck In Mire Bitcoin’s current stagnation at $67,000, below its 50-day simple moving average, is not the disaster some might assume. With a relative strength index reading of 47, BTC is neither oversold nor overbought, suggesting a market in pause rather than panic. For seasoned traders, this kind of mire can be a blessing in disguise. Since the early days of the war in Iran, Bitcoin has shed 6%. In the grand scheme of...

Blockchain, Coins, Cryptocurrencies, News

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Drift Protocol Fallout Spreads to 20 Projects as Prime Numbers Fi Losses Top $10 Million

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The number of protocols affected by the Drift Protocol vulnerability has expanded from 11 to 20 within the last 24 hours. Prime Numbers Fi has emerged as the hardest-hit victim among the new wave, with estimated losses exceeding $10 million. Total losses across the Solana ecosystem connected to the incident are now estimated at approximately $285 million. The contagion from the recent Drift Protocol security breach has significantly...

Breaking, News

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Linux Foundation Launches x402 Foundation to Govern Coinbase’s Open AI Payments Protocol

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...

AI, Cryptocurrencies, Front page, News

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X to Auto-Lock Accounts Posting About Crypto for the First Time to Combat Scams

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X (formerly Twitter) is rolling out an auto-locking and verification system for users who post about cryptocurrency for the first time in their account history. The measure aims to dismantle the economic incentive for hackers who hijack high-follower accounts to promote phishing links and meme coin scams. X Head of Product Nikita Bier stated the feature should “kill 99% of the incentive” for bad actors exploiting the...

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Elliptic Links $286 Million Drift Protocol Exploit to North Korean State-Sponsored Hackers

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Blockchain analytics firm Elliptic has identified multiple indicators linking the $286 million exploit of Drift Protocol to the Democratic People’s Republic of Korea (DPRK). The attack on the Solana-based perpetual exchange involved a sophisticated social engineering campaign to compromise the Security Council’s administrative powers. Stolen funds are being moved through cross-chain bridges and swapped to Ethereum, mirroring laundering...

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