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Taiko Halts Ethereum L2 Block Production After .7 Million Bridge Exploit

Taiko Halts Ethereum L2 Block Production After $1.7 Million Bridge Exploit

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Taiko confirmed compromise of its chain state verification mechanism, rendering bridge security assumptions unreliable. Attacker drained approximately $1.7 million from the ERC20 Vault on Ethereum via forged proofs. Project halted all block production and urged users to withdraw funds from all bridges immediately. TAIKO token dived around 10% following the incident. Ethereum Layer 2 scaling solution Taiko has taken its...

Cryptocurrencies, Ethereum, Front page, Hacks, News

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Franklin Templeton Proposes Dividend-Reinvesting ETFs That Channel Stock Payouts Into Bitcoin

Franklin Templeton Proposes Dividend-Reinvesting ETFs That Channel Stock Payouts Into Bitcoin

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Franklin Templeton filed with the SEC for the Franklin US Equity Bitcoin DRIP Index ETF and Franklin US Innovation Bitcoin DRIP Index ETF, which allocate 95% to large-cap U.S. stocks and 5% to Bitcoin, with dividends reinvested to boost BTC exposure up to a 20% cap. The structure creates steady, indirect demand for Bitcoin funded by corporate dividends, targeting investors seeking passive crypto allocation without direct purchases. Proposed...

Bitcoin, Cryptocurrencies, ETF, Front page, News

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Ethereum Foundation Co-Executive Director Hsiao-Wei Wang Resigns Amid Leadership Transition

Ethereum Foundation Co-Executive Director Hsiao-Wei Wang Resigns Amid Leadership Transition

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Hsiao-Wei Wang has resigned as co-executive director and board member of the Ethereum Foundation (EF), effective immediately. The move follows her recent sabbatical and comes after fellow co-executive director Tomasz Stańczak‘s earlier departure, contributing to at least eight senior exits in recent months. Wang emphasized Ethereum’s decentralized nature: “Ethereum has always been bigger than any one role, any one...

Cryptocurrencies, Ethereum, Front page, News

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Strategy's STRC Preferred Stock Hits Record Low Below Par, Pausing Key Bitcoin Funding Channel

Strategy’s STRC Preferred Stock Hits Record Low Below Par, Pausing Key Bitcoin Funding Channel

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Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) closed at a record low of $89, 11% below its $100 par value. The discount has paused the company’s at-the-market issuance program, a primary channel for raising capital to acquire more bitcoin. This follows Strategy’s first-ever BTC sale of 32 coins for ~$2.5 million in late May to cover STRC dividends. Bitcoin and ether spot ETFs saw combined outflows of $111 million...

Bitcoin, Cryptocurrencies, Front page, News

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Uniswap Outperforms Dips as Standard Chartered Initiates Coverage With $100 Price Target

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Uniswap (UNI) bucked the broader market sell-off, surging into the $3.70 range after trading as low as $2.50 last week. Standard Chartered initiated coverage on UNI with a hyper-bullish target of $100 by the end of 2030, driven by the explosive expansion of real-world asset (RWA) tokenization. The bank’s analysts compared Uniswap’s open platform model to YouTube, contrasting it with Coinbase’s more capital-intensive,...

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