Arcadia Finance, a decentralized finance (DeFi) platform operating on the Base blockchain, suffered an exploit resulting in the theft of about $2.5 million in cryptocurrency. The attacker exploited a vulnerability in Arcadia’s Rebalancer contract by abusing arbitrary swapData parameters, enabling a rogue swap that drained assets from user vaults, according to an alert from blockchain…
Key points: Bitcoin is facing profit booking near $123,000, pointing to a minor consolidation or correction in the near term. Several major altcoins have broken above their overhead resistance levels, indicating the start of a new uptrend. Bitcoin (BTC) started the new week on a strong note, rising above $123,000, but higher levels are witnessing…
Key takeaways: Crypto market cap hit $3.8 trillion on Monday, almost as big the UK’s GDP. One TOTAL index flashes a “buy” signal while a classic chart pattern hints at $4.45 trillion target. The total crypto market capitalization reached a new all-time high of $3.8 trillion on Monday, close to surpassing the UK’s gross domestic…
Key takeaways With no personal income or capital gains tax and recent VAT exemptions on crypto transactions, the UAE provides an unmatched financial incentive for crypto investors. Dubai’s VARA and Abu Dhabi’s FSRA lead with retail and institutional frameworks, while RAK, Sharjah and others are developing tailored zones and policies for Web3 innovation. Free zones…
NASDAQ-listed sportsbook marketing firm SharpLink Gaming bought nearly $49 million worth of Ether (ETH) on Sunday, as ETH prices soared past $3,000. The company, whose board is chaired by Ethereum co-founder Joseph Lubin, has been all-in on ETH since late May. This latest transaction brings SharpLink Gaming’s total treasury value to 198,300 ETH, worth nearly…
Tornado Cash co-founder Roman Storm is set to stand trial on Monday in the Southern District of New York (SDNY) on federal charges that could put him behind bars for more than 40 years. Prosecutors allege he conspired to launder money, violated US sanctions and operated an unlicensed money-transmitting business stemming from his role in…
Cryptocurrency investment products experienced strong inflows during the last trading week, amid Bitcoin surging to historic highs of $118,000. Global crypto exchange-traded products (ETPs) recorded $3.7 billion of inflows for the trading week ending Friday, CoinShares reported on Monday. The fresh gains further increased crypto ETPs’ year-to-date (YTD) inflows, which surged to a new high…
Ether could eventually hit $1.5 million per token, and its next price gain “could catch everyone off guard,” according to EMJ Capital founder Eric Jackson. “Our analysis suggests the ETH network is underpriced,” Jackson said in a series of X posts on Sunday. “Ethereum is quietly becoming the dominant rail system to transact in crypto…
Top Stories of The Week Grayscale calls out SEC delay of Digital Large Cap Fund ETF listing Attorneys for digital asset manager Grayscale pushed back against the US Securities and Exchange Commission’s (SEC) delay on approving its Digital Large Cap exchange-traded fund (ETF) in a letter sent on Tuesday. The SEC’s Division of Trading and…
A crypto analyst suggests altcoins may have plenty more upside, as many are already surging without pulling much market share from Bitcoin. “BTC dominance hasn’t even sneezed and Alts are ripping,” crypto analyst Matthew Hyland said in an X post on Friday. Bitcoin reaches new highs on three consecutive days TradingView shows Bitcoin (BTC) Dominance…