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Crypto, stocks, forex and macro, aggregated for traders.
Hacker Drains $1.1M from PancakeSwap OLPC/LABUBU Pool
An unknown hacker exploited a liquidity pool for OLPC/LABUBU on PancakeSwap on BNB Chain, stealing approximately $1.1 million. The attacker swapped the stolen assets for Ethereum and sent 633.4 ETH to the mixing service TornadoCash.
Bitcoin Spot ETFs See Record 6 Weeks of Outflows, Capital Sinks to Nov 2024 Levels
Spot Bitcoin ETFs have recorded outflows for six straight weeks, with $226.8 million pulled last week. Total capital under management has dropped to $78.3 billion, a level last seen in November 2024. Ethereum ETFs lost about $10 million, while XRP and SOL funds saw inflows.
GoMining Launches GoBTC Pay for Instant Non-Custodial Bitcoin Payments
GoMining has introduced GoBTC Pay, a payment service built on the Bitcoin network that it describes as a Layer 1 protocol for instant, non-custodial settlements.
Deconstruction Podcast Covers SBF Plans, Tether MiCA Strategy, Memecoin Bubble Burst
The 'Deconstruction' podcast reviewed key crypto news including Sam Bankman-Fried's ambitious plans, Tether's strategy to bypass MiCA regulations, and the collapse of the memecoin bubble.
Crypto Market Update: Mixed Movements with Solana and Avalanche Leading Gains
Bitcoin and Ether edge higher while Solana and Avalanche gain over 3% each. Stellar and Uniswap see slight declines.
Weekly Crypto Security Roundup: Clipper Malware, USB Worm, Korean Laundering Bust, Android Trojan
A summary of recent cybersecurity events in crypto: clipper malware spread via fake GitHub and YouTube reputations, a self-replicating USB worm using hidden Windows shortcuts, South Korean authorities dismantling a crypto laundering network linked to a Cambodian syndicate, and a new Android trojan targeting crypto wallets.
ForkLog Weekly Digest: Crypto, Regulation, and AI
ForkLog's roundup covers Bitcoin's drop to $62k after the Fed, Cardano's crisis, regulatory developments from ESMA, US CBDC ban, BlackRock ETF options, and AI advances including neural implants and Pentagon adoption.
Crypto Market Roundup: Bitcoin Dips, MiCA Threatens USDT, Cardano in Crisis
A digest of key crypto developments: Bitcoin fell to $62,000, Europe's MiCA rules may impact USDT, Cardano faces a crisis, JPMorgan warns on mining economics, and more.
JPMorgan: Bitcoin Mining Costs Exceed Price for Five Months, 20% of Miners Unprofitable
JPMorgan estimates average Bitcoin mining cost at $78,000, with BTC trading below that for five months. About 20% of miners are operating at a loss, and network difficulty has become more sensitive to price changes.
Cardano Faces Crisis: ADA Drops Below $0.20, Summit Funding Blocked
Cardano's ADA fell below $0.20 in early June, its DAO blocked funding for the main summit, and major projects like TapTools announced closures amid a growing ecosystem crisis.
SEC May Be Preparing Major Crypto Rule Change, Says Task Force Counsel
Taylor Lindman, Chief Counsel at the SEC Crypto Task Force, discusses a potential landmark rule change that could impact tokenized stocks, DeFi, AI agents, privacy, and on-chain markets.
Base L2 Unveils Beryl Update with B20 Standard
The Base layer-2 solution team revealed the Beryl upgrade plan, introducing the B20 standard. Testnet deployment is live, with mainnet activation set for June 25.
ForkLog Lab Opens Services to Public After Four Years
ForkLog Lab, the research and consulting arm of crypto media outlet ForkLog, is now offering its analytics, marketing, and media expertise to external clients, with a focus on boosting brand visibility in AI services.
Bitcoin Drops to $62K, Ethereum Below $1,700 on Middle East Uncertainty
Bitcoin fell about 3% in 24 hours to $62,000, while Ethereum slipped under $1,700. The decline comes amid fresh geopolitical tensions as the US Vice President postponed a trip to Switzerland linked to an Iran deal and Israel struck targets in southern Lebanon.
Sandia Labs and Quantinuum Publish Paper on 98-Qubit Helios Quantum Processor
Sandia National Laboratories and quantum computing developer Quantinuum have published a peer-reviewed paper on their 98-qubit Helios quantum processor, achieving high gate fidelities.
Ex-Ethereum Foundation Employee Warns of Funding Crisis for Core Development
Former Ethereum Foundation staff member Trent VanEpps warned that the network may face a 'slowly growing funding crisis' for core development in coming months, citing reduced spending and the end of the Client Incentive Program. He estimated the ecosystem requires about $30 million annually.
US Crypto Negotiators Push to Finalize Clarity Act Before August Recess
Bipartisan lawmakers are racing to finalize the Clarity Act market structure bill before the August recess, with the Senate Agriculture Committee taking a central role in jurisdiction talks.
Bitcoin Dips Below $64K After Fed; Glassnode Warns of Bear Zone
Bitcoin fell below $64,000 following the Fed meeting. Glassnode reports it remains in bearish territory. Tether is winding down its Alloy project and aUSDT token, while the Aztec network suffered a $2 million exploit.
Hacker Exploits Unused Aztec Smart Contract, Drains $2.15M
A hacker exploited a vulnerability in an outdated Aztec Payments smart contract on the Aztec L2 network, stealing approximately $2.15 million. The attacker spent only 0.134 ETH ($230) to execute the attack.
Bitcoin 15% Below True Average Market Price of $77,200
Bitcoin is trading 15% below its true average market price of $77,200, according to Glassnode on-chain metrics. Short-term holders are still underwater, with the MVRV ratio at 0.9, and realized cap has declined 1.45% over 90 days, indicating a continued bearish trend.
Joseph Lubin: Biggest Crypto Bull Market Ahead, Fueled by AI and Wall Street
Ethereum co-founder Joseph Lubin predicts the largest crypto bull market is still to come, driven by artificial intelligence and institutional adoption from Wall Street. He shared the view in a recent interview.
Grayscale Analysts Call AAVE 'Undervalued', Set $179 Target
Grayscale analysts consider AAVE token undervalued with a $179 price target for the next year, citing stablecoin-driven revenue growth.
Tether to Shut Down Alloy by Tether and aUSDT
Tether announced the phased closure of Alloy by Tether and its overcollateralized dollar-pegged asset aUSDT, citing a review of user activity, market demand, and company priorities. Existing customers have three months to return aUSDT and withdraw their gold-backed collateral.
Fed Holds Rate Steady, Bitcoin Volatile at First Warsh FOMC
The US Federal Reserve left its key interest rate unchanged at 3.5-3.75%, matching market expectations. Bitcoin showed volatility following the decision, which was the first FOMC meeting chaired by new Fed Chair Kevin Warsh.