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Source: Cointelegraph.com

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LayerZero says Kelp setup caused exploit, as Aave loss questions mount
LayerZero said that Kelp’s DVN setup caused the $290 million exploit, as investors questioned which protocol would step up to cover the shortfall. Read full article
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How Mastercard plans to settle card payments with stablecoins
Mastercard is testing stablecoin settlement with SoFiUSD to speed up card transaction clearing and help bridge traditional finance and blockchain. Read full article
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BTC price due 'new highs:' Five things to know in Bitcoin this week
Bitcoin saw a green weekly close despite renewed US-Iran war momentum, and a trader forecast that BTC price action would beat last week's local highs. Read full article
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BIS warns dollar stablecoins could strain banks and policy
BIS general manager Pablo Hernández de Cos says US dollar stablecoins could pose risks to financial stability and urges stronger global coordination on regulation. Read full article
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The quantum gap: Why Bitcoin and Ethereum are taking different paths on security
Why Bitcoin and Ethereum are taking different paths to address future cryptographic risks and long-term blockchain security. Read full article
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Saylor teases 'bigger' BTC buy days after floating semi-monthly dividends
Strategy’s Michael Saylor posted “Think Even Bigger” on Sunday, coming just a week after it disclosed $1 billion of Bitcoin buying. Read full article
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Coinbase is testing AI agents that show up on Slack and email
Brian Armstrong has now predicted that AI agents will not only transact onchain more than humans but will outnumber employees at his company very soon. Read full article
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Cloud hosting firm Vercel confirms ‘limited’ hack of user info
Vercel has confirmed it was compromised after a member of a hacking forum put the company’s information up for sale for $2 million. Read full article
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Polymarket in talks to raise $400M at a $15B valuation: Report
Polymarket’s potential $15 billion valuation would still put it below the $22 billion valuation of competitor platform Kalshi in its latest funding round. Read full article
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Hackers impersonated eth.limo team to hijack its domain: Post-mortem
EasyDNS CEO Mark Jeftovic said the social engineering attack was highly sophisticated and the company is conducting further investigation to determine how the breach occurred. Read full article
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Bitcoin erases weekend gains as US-Iran ceasefire faces pressure
Bitcoin briefly crashed below $74,000 on Sunday as Iran threatened retaliation for a US military seizure of an Iranian cargo ship. Read full article
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Aave's TVL tanks $8B a day after $293M Kelp DAO hack
The Aave token fell nearly 20% to $89.5 in just over 24 hours as users withdrew billions of dollars from the lending protocol. Read full article
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Stablecoins not a threat to banks in the near-term: Moody's analyst
A prohibition on yield-bearing stablecoins and robust payments infrastructure in the US means stablecoins will not eat into banks' market share. Read full article
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2024 BTC cycle 'dramatically' underperforming previous halvings: Analyst
Volatility and upside have been declining with each Bitcoin halving cycle, but the new dynamics may not be permanent, according to Galaxy's Alex Thorn. Read full article
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Kelp exploit highlights problem with non-isolated DeFi lending: Crypto execs
The contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the founder of Curve Finance. Read full article
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Bitcoin price drops to $75K as new Hormuz closure puts focus on oil
Bitcoin foreshadows fresh market mayhem as it appears that the US-Iran war has returned, including the closure of the Strait of Hormuz oil route. Read full article
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Aluminum giant Alcoa to sell dormant smelter to Bitcoin miner NYDIG: Report
Alcoa is nearing a deal to sell its idle Massena East smelter to NYDIG as US industrial sites increasingly shift toward Bitcoin mining and AI data centers. Read full article
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RaveDAO denies manipulation as Binance, Bitget probe RAVE trading activity
RaveDAO denies involvement in RAVE token price surge and crash as Binance and Bitget launch investigations into suspected market manipulation. Read full article
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Charles Schwab, Citadel Securities weigh entering prediction markets
Charles Schwab and Citadel Securities executives have separately aired interest in prediction markets, but each is looking to steer clear of sports offerings. Read full article
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Caitlyn Jenner escapes memecoin lawsuit as judge says token not a security
A federal judge has tossed a class lawsuit over Caitlyn Jenner’s memecoin, saying it did not plausibly allege that the token was an unregistered security. Read full article
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Warren claims SEC’s Atkins likely misled Congress over enforcement data
SEC chair Paul Atkins is under fire from Senator Elizabeth Warren, who says he “may have been deliberately trying” to mislead Congress about the agency’s enforcement activity. Read full article
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Kelp restaking platform exploited, $293M drained in attack
The attack caused a "cross-protocol contagion" that has impacted at least nine crypto protocols, blockchain security firm Cyvers said. Read full article
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Solana futures open interest rose by 20% this week: Is $100 SOL next?
SOL’s steady recovery alongside the wider crypto market has traders debating whether $100 could be the next stop for the altcoin. Read full article
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Bitcoin mining difficulty falls, but projected to rise in next adjustment
The average block time at publication is about 9.8 minutes, falling slightly short of the 10-minute block target, according to CoinWarz. Read full article
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Iran views BTC as a strategic asset, but USDt still dominates oil tolls: BPI
The Iranian government chose Bitcoin as a payment method for oil tolls due to its confiscation-resistant properties, but only dollar stablecoins have been used so far. Read full article
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Poland parliament fails again to override presidential veto on crypto bill
Poland’s parliament has once again failed to overturn President Karol Nawrocki’s veto of the crypto regulation bill. Read full article
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Stablecoins behave like FX markets as liquidity splits: Eco CEO
Stablecoins promise seamless dollar movement, but fragmented liquidity is turning large transfers into complex execution problems, says Eco CEO Ryne Saxe. Read full article
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Spot Bitcoin ETFs attract nearly $1B in weekly inflows as risk sentiment improves
Spot Bitcoin ETFs recorded nearly $1 billion in weekly inflows, their strongest performance in over three months amid improving risk sentiment. Read full article
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SEC charges Donald Basile in $16M crypto fraud tied to ‘insured’ token
The SEC has sued crypto executive Donald Basile over an alleged $16 million scheme involving false claims about an “insured” Bitcoin Latinum token. Read full article
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Circle unveils USDC Bridge for native cross-chain stablecoin transfers
The USDC Bridge adds to Circle's Cross-Chain Transfer Protocol, which often sees over $500 million worth of USDC transfers each day. Read full article
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X's new Cashtags feature drives $1B trading volume in first two days
X’s Cashtags feature has been integrated into Canadian-based online brokerage Wealthsimple, but has not yet been adopted by a US trading platform. Read full article
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Worldcoin tanks 13% as World’s iris-scanning tech expands to Zoom, Docusign
Most of the integrations are aimed at fighting deepfakes as the rise of AI-generated content makes it increasingly difficult to distinguish humans from AI. Read full article
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