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Drift Protocol $280M exploit took months of deliberate preparation

Drift Protocol 0M exploit took months of deliberate preparation

Drift Protocol, a decentralized cryptocurrency exchange (DEX), says the recent exploit against the platform was a six-month-long, highly coordinated attack. In an X post on Saturday, Drift said ‘The preliminary investigation shows that D drift was part of a structured intelligence operation with organizational support, significant resources and months of deliberate preparation. The decentralized exchange was exploited on Wednesday, with …

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A Bullish Signal Not Seen Since 2023 Has Emerged on Ethereum

In a major development in the cryptocurrency markets, Ethereum derivatives market had its first net inflow since long-term hiatus. It’s the first major structural change since the 2023 bear market,” said Darkfost, an analyst at the analytics platform CryptoQuant. The data shared by Darkforth show that net trading volume in the Ethereum derivatives market, which had been largely negative throughout …

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When Crypto Beats Stablecoins: Ripple’s Schwartz Says He’d Pick XRP or BTC Over USD for Locked Funds

***Cryptocurrencies such as $XRP and $BTC are advantageous in global use, control (and long-term growth), while Ripple CTO emeritus David Schwartz points to key differences that they have developed against stablecoins. **** Key Takeaways: Ripple’s David Schwartz favors $XRP and $BTC over USD for escrow, citing stronger upside. He warns issuers can freeze funds, exposing users to centralized control risk. …

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Bitcoin Price Eyes $70K as RVTS Signals Historic Network Weakness

Bitcoin, the first cryptocurrency to be coined as Bitcoin on Saturday, March 4, remained silent with its price trading around $67,000. During the weekend, such low volatility trading is common as institutional investors from traditional markets are offline. Nevertheless, the new on-chain data shows that Bitcoin’s network use has gone down to its lowest level since it was recorded, which …

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Judge continues Nevada ban on Kalshi sports markets

In the Silver State on Friday, a state judge in Nevada temporarily suspended prediction market provider Kalshi’s sports-related contracts from his predictions markets. The First Judicial District Court heard that he would also order the Nevada Gaming Control Board to issue a preliminary injunction against Kalshi banning some of its prediction markets until ‘a larger court case from the state …

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Jack Dorsey Signals Return of Bitcoin Faucets

Jack Dorsey Signals Return of Bitcoin Faucets

Jack Dorsey, co-founder of Twitter (now X) and CEO of Block, has hinted at the return of a Bitcoin faucet. It has quickly received the attention of crypto community members following the announcement, which is a short-lived and highly publicized version of the news. It’s a simple question is it possible for users to earn small Bitcoin once again? One …

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Federal Court Deals Trump a Setback: Rejects Request to Reopen Lawsuit Against Powell and the Fed

Federal Court Deals Trump a Setback: Rejects Request to Reopen Lawsuit Against Powell and the Fed

In the investigation into the Federal Reserve and its chairman, Jerome Powell, in the United States, an important court decision has been made. But a federal court in Washington has definitively rejected the Justice Department’s attempt to reinstate grand jury subpoenas against the Fed. U.S. – S S. In his ruling today, District Judge James Boasberg said the government’s reasons …

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Cosmos-first Leap Wallet to cease operations on May 28 users urged to migrate

After more than four years, Leap Wallet takes its final leap into the sunset. The team said this week Leap Wallet will end all services on May 28, 2026, ending over four years as one of the Cosmos ecosystem’s most popular wallets. When the date is set, all products including Leap Wallet’s browser extension, mobile apps, Compass wallet, SwapFast trading …

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Will the Bitcoin Tradition Continue Where It Left Off? How Much BTC Can Strategy Buy This Week? Here’s the Answer!

Strategy, led by big bull Michael Saylor, did not make its long-standing weekly Bitcoin purchases this week. It stopped its weekly Bitcoin ($BTC) purchases, which it says every Monday, and did not make any new purchases this week. The company maintained its total Bitcoin holdings at 762,099 $BTC. If you look at the company’s purchase history, it seems they have …

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