Moonwell, a decentralized finance (DeFi) lending protocol deployed on Base and Optimism, was exploited for about $1.78 million after a pricing oracle for Coinbase Wrapped Staked ETH (cbETH) returned a value of about $1.12 instead of $2,200, creating a mispricing that attackers were able to use for profit. Moonwell said in an incident post-mortem that … Read more
US spot Bitcoin exchange-traded funds (ETFs) posted $104.9 million in net outflows on Tuesday in the first trading session this week. Total trading volume in spot Bitcoin (BTC) ETFs fell to just over $3 billion, down nearly 80% from a record $14.7 billion on Feb. 5, reflecting a continued slowdown in trading activity, according to … Read more
The US state of Nevada has sued Kalshi after the prediction market company lost its court challenge to stop the state’s regulator from taking action over its sports prediction markets. The US Court of Appeals for the Ninth Circuit on Tuesday denied Kalshi’s bid to stop Nevada’s gaming regulator from taking action on its sports … Read more
Exchange-traded fund issuers Bitwise and GraniteShares have filed with the US Securities and Exchange Commission to launch funds tied to event contracts on the outcome of US elections. Bitwise filed a prospectus on Tuesday for a new lineup of ETFs branded as PredictionShares, with six prediction market-style ETFs on NYSE Arca. The first two funds … Read more
Key takeaways: Institutional sentiment is shifting toward ETH as elite funds reallocate capital from Bitcoin to Ether ETFs. BlackRock’s ETH ETF pairs secure staking with a low 0.25% fee, creating a major win for mainstream crypto access. Dominance in the $20 billion real-world asset sector proves that big money prioritizes network security over low gas … Read more
Stablecoin platform Bridge, owned by the payments processor Stripe, said it had received conditional approval to operate as a federally chartered national trust bank under the US Office of the Comptroller of the Currency (OCC). In a Tuesday notice, Bridge said it had received conditional approval from the banking regulator, allowing the company to “operate … Read more
US-based crypto exchange Kraken has integrated its over-the-counter desk with Intercontinental Exchange’s ICE Chat, enabling institutional traders to access Kraken’s crypto liquidity directly through a messaging platform widely used across global financial markets. ICE Chat connects more than 120,000 market participants, including banks, brokers and trading desks that use the system for real-time deal negotiation … Read more
Starknet developer StarkWare has integrated EY’s Nightfall privacy protocol to let institutions run private payments and decentralized finance (DeFi) activity on public Ethereum-aligned rails, targeting banks and corporates that need confidentiality without giving up auditability. In a Tuesday release shared with Cointelegraph, StarkWare positioned the move as a way for enterprises to use a shared, … Read more
Poland’s president vetoed a second bill meant to align the country’s crypto rules with the European Union’s Markets in Crypto-Assets Regulation framework, deepening uncertainty for local platforms as a key transition deadline approaches. President Karol Nawrocki declined to sign Bill 2064 last week, marking the second veto of proposed legislation to implement the EU’s Markets … Read more
Japanese financial conglomerate SBI Holdings is moving to deepen its presence in the crypto sector, announcing plans to take a controlling position in Singapore-based exchange Coinhako. In a Friday announcement, the Tokyo-listed firm said its wholly owned subsidiary, SBI Ventures Asset, has signed a letter of intent with Coinhako’s parent company, Holdbuild, to inject capital … Read more