Raydium DEX Exploited for $1.34 Million
Raydium’s retired AMM V3 program was exploited for $1.34M, with 150,000 RAY, 5,600 $SOL, and nearly 900,000 $USDC stolen. Funds were laundered via Tornado Cash.
Crypto Market
CFTC Drafts Major Prediction Markets Framework
The US Commodity Futures Trading Commission (CFTC) proposes a regulatory framework for prediction markets, focusing on sports wagering and excluding election-related contracts. Public comment period open for 45 days. #Update #Legal
Stablecoin Proposal Sparks Major Warning
The Hyperliquid Policy Center and Paradigm urge US Treasury to refine stablecoin compliance rules, warning of potential overreach affecting developers and validators. #Update #Legal
Bitcoin Nears Bottom Analyst Predicts Surge
Ronaldo, a seasoned crypto analyst, predicts Bitcoin’s bottom is near, suggesting potential upcoming price movements. #Update #Crypto $BTC
Bitcoin Collateral Launches Fannie Mae Mortgage
@Coinbase introduces the first mortgage using Bitcoin collateral under Fannie Mae coverage, marking a significant development in crypto-backed lending. #Update #Crypto $BTC
Mastercard Launches Stablecoin Support on 8 Blockchains
@Mastercard plans to integrate regulated stablecoins like $USDC across eight blockchains for on-chain card settlements, enhancing liquidity management with new settlement cycles. #Update #Crypto $USDC
Senators Warn $14 Trillion 401(k) Risk
Senators Sanders and Warren warn that a Department of Labor proposal could put $14 trillion at risk by allowing cryptocurrencies in 401(k) plans. #Update #Legal
Binance Launches 7000 US Stocks Access
@Binance to offer trading of over 7,000 US stocks and ETFs, introducing tokenized equities via “bStocks” for non-US users. $BNB trades at $692 amid market retracement. #Update #Crypto $BNB
Dogecoin Chart Signals 50% Crash Risk
Dogecoin ($DOGE) is trading at $0.100 amid prolonged market weakness, but analyst Cryptollica highlights historical patterns suggesting a potential rally. #Update #Crypto $DOGE
Bitcoin Boosts Crypto Stocks After CFTC Move
@Robinhood and @Coinbase stocks rise after CFTC move, ending week positively. Perpetual futures boost crypto market sentiment. #Update #Crypto
US Treasury Secretary Pushes CLARITY Act for Crypto
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The U.S. Treasury Secretary advocates for the CLARITY Act, emphasizing the need for regulatory clarity to establish the U.S. as a global leader in cryptocurrency innovation. #Update #Legal
Bitcoin Supply Quantum Risk Warning
Texas primary runoffs saw crypto-backed candidates win 6-for-6, including Rep. Christian Menefee’s victory over incumbent Al Green, showcasing the industry’s political influence. #Update #Crypto
XRP Must Surge 4000% to Hit $200
XRP’s path to $200 requires unprecedented crypto market expansion, argues expert Sam Daodu, noting current market cap constraints and the need for Bitcoin leadership. #Update #Crypto $XRP
Chainlink Eyes $20B Market Cap Surge
Chainlink ($LINK) could potentially triple in value over five years, reaching a $20 billion market cap. This prediction highlights its growth potential in the crypto space. #Update #Crypto $LINK