LayerZero Blames Kelp for $290M Exploit
LayerZero attributed the $290 million Kelp DAO exploit to Kelp’s single-verifier setup, warning it against such configurations. The attack is linked to North Korea’s Lazarus Group. #Update #Crypto $ETH
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Crypto Developers Scramble After Vercel Hack
A breach at @Vercel has led crypto teams to rotate API keys after sensitive data was potentially exposed, with claims of $2M in stolen data circulating. #Breaking #Crypto $SOL
Crypto Co-Founder Demands Access to $200 Million
@NEO co-founder Da Hongfei revealed that Erik Zhang controls 85% of NEO’s treasury, worth $200-$250M, through a single signature wallet. Governance disputes escalate as both propose rival plans. #Update #Crypto $NEO
Stablecoins Boost Revenue for Businesses
@PaxosLabs raises $12M to build a financial utility stack for stablecoins, enhancing business use cases and turning costs into revenue. #Update #Crypto $USDC
Crypto Policy Summit Reveals Key Insights
@CoinDesk’s Consensus Miami will explore crypto policy issues, including stablecoin regulations and tax reforms, as Congress debates market structure legislation amid stagnant crypto prices. #Update #Crypto $BTC
Web3 VCs Struggle to Differentiate Strategies
Emerging Web3 VCs face differentiation challenges as traditional pitches lose impact; innovative models like @TBV’s event-driven approach and @OutlierVentures’ accelerator model gain traction. #Update #Crypto $MATIC
Crypto Wrench Attacks Surge in France
France reports 41 crypto-related kidnappings this year, prompting government action to combat rising “wrench attacks.” Security measures are being enhanced amid growing violence against crypto holders. #Update #Crypto $BTC
Crypto Diversification Jumps to 65% Among Investors
Institutional interest in crypto is rising, with 31% of investors positive about the market; 65% see it as a portfolio diversifier. Regulatory clarity aids adoption. #Update #Crypto $BTC $ETH
Bitcoin Ceasefire Boost Fizzles as Investors Seek Results
Bitcoin’s price fluctuates around $75,125.87, retreating from a peak of $76,000 as market optimism fades amid limited progress in U.S.-Iran ceasefire negotiations. Traders eye oil prices for signs of normalization. #Update #Crypto $BTC
Stripe Doubles Blockchain Efforts to Dominate Money
@Stripe integrates stablecoins and blockchain into its payment systems to expedite global transactions, acquiring Bridge for $1.1B and launching the Tempo blockchain with partners like Mastercard and Visa. #Update #Crypto $BTC
Bitcoin Crashes to $76K as Iran Shuts Hormuz
Bitcoin retraced to $76,091 after peaking at $78,000, resulting in $762M liquidations; Iran’s Strait of Hormuz closure impacted market sentiment. #Update #Crypto $BTC
XRP Launches on Solana Expanding DeFi Access
Wrapped $XRP launched on Solana via @HexTrust, enabling use in DeFi apps like Jupiter and Phantom, backed 1:1 by native $XRP. Broader rollout targets Ethereum and Optimism. #Update #Crypto $XRP
Bitcoin Mining Pool Parasite Secures Second Block
@ParasitePool has mined its second BTC block, 945,601, since April 2025, distributing 1 BTC to the finder and 2.125 BTC plus fees to participants. Current hashrate is 52 PH/s. #Update #Crypto $BTC
Ethereum Drains $292 Million in Kelp DAO
An attacker drained 116,500 $rsETH worth $292 million from @KelpDAO’s bridge, affecting liquidity across 20 chains; Aave and others froze markets amid fears of further contagion. #Breaking #Crypto $rsETH (-8) ↘