The attack on Drift Protocol was not a hack in the traditional sense. Nobody found a bug or cracked a private key. There wasn’t a flash loan exploit or manipulated oracle either. Instead, an attacker used a legitimate Solana feature, ‘durable nonces,’ to trick Drift’s security council into pre-approving transactions that would be executed weeks…
Social media platform X is preparing a new security measure aimed at shutting down a widespread form of crypto phishing that leverages hijacked accounts to promote scam tokens. The company will soon auto-lock any account that mentions cryptocurrency for the first time in its history, according to the company’s Head of Product Nikita Bier. Users…
Bitcoin is trading choppily around $66,600, as the extended holiday weekend sidelines potential buyers and gives bears greater control over price action. With CME futures and ETF flows set to pause over Good Friday, the market is heading into a liquidity gap just as its most reliable source of support is already weakening. Bitcoin’s $65,000…
Coinbase (COIN) said Thursday it had received initial approval for a national trust company charter from the U.S. Office of the Comptroller of the Currency, Bloomberg reported, marking a step toward it operating as a federally regulated crypto custodian. The approval is not final. It is a conditional green light that sets out requirements Coinbase…
The U.S. Commodity Futures Trading Commission and Department of Justice filed lawsuit against Illinois, Arizona, Connecticut and various state officials on Thursday over the state’s efforts to shutter prediction market providers. Illinois, alongside numerous other states, sent cease-and-desist letters to some prediction market providers, arguing that the companies were offering sports gambling products that should…
The U.S. Department of Justice will be helmed by Todd Blanche, the deputy attorney general, President Donald Trump announced Thursday, after removing Attorney General Pam Bondi from the position. Blanche represented Trump in his criminal case in New York prior to Trump’s reelection as U.S. President in 2024. Trump named him deputy attorney general after…
President Donald Trump’s renewed aggressive posturing toward Iran has pushed bitcoin lower by roughly 2% over the past 24 hours to $67,000. While this price action is consistent with routine volatility, beneath the surface, market structure looks fragile. This is mainly due to flows in the Deribit-listed options market, specifically, a build-up of defensive positioning…
Representatives of the crypto and banking industries are meeting with legislative staffers on Thursday and Friday to review revised compromise language on stablecoin yield provisions in the market structure bill, three people familiar with the plans told CoinDesk. Industry representatives first viewed the compromise language, spearheaded by Senators Angela Alsobrooks (D-Md.) and Thom Tillis (R-N.C.),…
Paradigm is building a prediction markets trading terminal aimed at professional traders and market makers, with partner Arjun Balaji leading the effort since late 2025. Venture capital firm Paradigm is developing a prediction markets trading terminal targeted at professional traders and market makers, according to Fortune. Paradigm partner Arjun Balaji is spearheading the project, which…
Bitcoin fell below $67,000, and Ether dropped over 4% as oil surged on renewed geopolitical tensions. Crypto markets slumped on Thursday as a fresh wave of risk-off sentiment swept across global markets following President Donald Trump’s pledge to continue military strikes against Iran. Bitcoin (BTC) is trading at around $66,900, down 1.7% over the past…