Ethereum Unlocks $2M from 2016 ICO
Developer Florent unlocked 1003.62 ETH (~$2M) from a frozen 2016 ICO smart contract, resolving a bug and enabling 48 investors to reclaim assets from the HongCoin project. #Update #Crypto $ETH
Crypto Jobs Report Fuels Market Rally
The comment period for the GENIUS Act’s stablecoin rules closes June 2, with implications for issuers and reserves as stablecoin circulation hits $322 billion. #Update #Crypto $USDC
XRP Surges: Expert Predicts $1,000 Target
Jake Claver suggests $XRP could hit $1,000 due to macroeconomic shifts and stablecoin regulation, despite skepticism over market cap feasibility. #Update #Crypto $XRP
SEC Sues Privvy Founder Over $12.3M Scheme
The SEC accuses Nathan Fuller of a $12.3M crypto scheme using fake AI bots, with only $380K buying crypto and $6.2M misappropriated. #Breaking #Legal @SECGov
Fed Chair Warns of Independence Threats
Former Fed Chair Jerome Powell receives the “Profile in Courage” award, warning of political pressures threatening regulatory independence, impacting cryptocurrency markets’ stability. #Update #Crypto $BTC $ETH
Polymarket Faces Live POL Drain Amid Contract Concerns
@Polymarket experienced a private key compromise leading to a POL drain of approximately $600,000; user funds remain safe as the incident is attributed to operational security, not a contract exploit. #Update #Crypto $POLY
Bitcoin Whale Exits $1.3B IBIT Trade
On Tuesday, an unknown trader sold 29.2 million shares of @BlackRock’s IBIT at $1.01 below market price, prompting speculation about the motives behind the $1.26 billion bitcoin-linked position exit amid ongoing ETF outflows. #Update #Crypto $BTC
Ethereum Developer Unlocks $2 Million Stuck for Nine Years
A security researcher, 0xflorent, unlocked $2 million in $ETH trapped in a 2016 ICO contract, allowing 48 investors to claim funds after exploiting an unpatched bug. #Update #Crypto $ETH
Ethereum Minting Surges with 1 Billion Fake DOT
@Hyperbridge suffered a security breach, allowing the minting of 1 billion fake $DOT tokens on Ethereum, with only $240K extracted due to shallow liquidity; Polkadot’s price nears all-time low. #Breaking #Crypto $DOT (-8) ↘
Cardano Cancels Conference After Funding Vote Failure
@CardanoFoundation has canceled its annual conference after failing to secure funding from the community for the second time. #Update #Crypto $ADA
Tokenized Securities Market to Hit $5.5 Trillion
Citi’s report predicts the tokenized securities market will grow from $17B to $5.5T by 2030, driven by major firms integrating blockchain and rising stablecoin adoption. #Update #Crypto
Bitcoin Moves to Chainlink Amid DeFi Fears
@Kraken is migrating its wrapped Bitcoin (kBTC) to Chainlink’s CCIP for enhanced security as bridge fears rise in DeFi, impacting the infrastructure of exchange-issued Bitcoin assets. #Update #Crypto $BTC
SEC Bans Binance US Operations
Blockchain.com has confidentially filed for a U.S. IPO, signaling confidence in regulatory stability. ECB warns against euro stablecoin risks, highlighting policy divides with the U.S. #Update #Crypto
Binance Coin Targets $780 Surge
BNB’s price shows bullish momentum, breaking resistance at $690 with potential targets at $780 and possibly $1,000 if trends continue. #Update #Crypto $BNB