Ripple CTO David Schwartz has defended Arbitrum’s decision to freeze more than 30,000 ETH linked to the recent KelpDAO exploit. Summary David Schwartz said Arbitrum’s emergency ETH freeze followed the same logic as Bitcoin’s 2010 rollback. The freeze secured 30,766 ETH tied to the KelpDAO exploit without changing Arbitrum’s broader network state. Critics said the
Volo Protocol, a liquid staking platform built on Sui, said it suffered an exploit that drained about $3.5 million from several vaults. Summary Volo Protocol said attackers drained $3.5 million from WBTC, XAUm and USDC vaults on Sui. The team froze affected vaults and later said it had secured $500,000 in assets. Volo said it
Blockchain.com has added perpetual futures trading to its non-custodial DeFi wallet, giving users a way to trade leveraged crypto contracts without moving funds to a separate exchange. Summary Blockchain.com now offers perpetual futures inside its DeFi wallet through Hyperliquid across more markets. Users can trade leveraged contracts with Bitcoin collateral while keeping assets in self-custody
The most urgent crypto scam news on Capitol Hill arrived Tuesday as the House Homeland Security Committee held a joint subcommittee hearing on how transnational criminal organizations use crypto fraud, online scams, and digital extortion to steal from Americans. Summary The FBI’s 2024 Internet Crime Complaint Center report documented $16.6 billion in total scam losses,
US election news from Texas arrived Monday as Attorney General Ken Paxton filed a lawsuit in Tarrant County district court against ActBlue, the Democratic fundraising platform, alleging it violated the Texas Deceptive Trade Practices Act by continuing to accept gift card donations it had publicly claimed to ban. Summary Texas investigators made three donations to
Coinbase lobbying activity for Q1 2026 totaled $1.07 million, the company disclosed in a new Lobbying Disclosure Act filing, targeting the Digital Asset Market Clarity Act, the GENIUS Act stablecoin law, and digital asset tax treatment legislation. Summary The filing covers lobbying on the CLARITY Act’s market structure provisions, implementation of the GENIUS Act stablecoin
Iran war news escalated Tuesday as parliament speaker Mohammad Bagher Ghalibaf stated publicly that Tehran will not accept negotiations under conditions it considers coercive, with the 10-day US-Iran ceasefire set to expire Wednesday and both sides sharpening rhetoric ahead of prospective talks in Islamabad. Summary Ghalibaf warned that Iran has spent the past two weeks
DefiLlama logs 518 crypto hacks and over $17b in losses in 10 years, with attackers shifting from smart contracts to keys, bridges and wallets, as rsETH loses ~$290m. Summary DefiLlama has logged 518 crypto hacking incidents over the past 10 years, with total losses above $17 billion. A growing share of that damage comes from
The most significant Fed nomination news from Tuesday’s hearing came not from the nominee but from Republican Senator Katie Britt of Alabama, who signaled the first concrete Republican effort to find an offramp around the Tillis blockade, urging all parties to resolve the Powell renovation probe so the committee can vote and achieve “a smooth
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