Ostium has halted trading after an exploit tied to a compromised oracle signer key drained nearly $18 million USDC from its liquidity vault, according to blockchain security firm Blockaid. Summary Blockaid linked Ostium’s $18 million exploit to a compromised oracle signer key. The attacker drained up to 28% of the protocol’s $63 million liquidity vault.
SpaceX stock has steadied above its IPO price after Needham raised its price target to $250 despite growing warnings that an AI stock bubble could threaten financial markets. Summary Needham raised its SpaceX price target to $250 and maintained a buy rating despite growing AI bubble concerns. Bank of England Governor David Bailey warned an
BlackRock has joined a Depository Trust & Clearing Corporation pilot that has begun tokenizing stocks and U.S. Treasuries within a market infrastructure that safeguards about $114 trillion in assets. Summary DTCC has launched a tokenization pilot with BlackRock, JPMorgan, Goldman Sachs, and nearly 40 financial firms. Microsoft, Circle, QQQ, SPY, and BlackRock Treasury ETF are
Binance has unveiled an $800,000 XRP airdrop campaign for eligible Ripple USD holders, introducing weekly rewards designed to encourage activity around Ripple’s dollar-backed stablecoin. Summary Binance will distribute $800,000 in XRP to eligible RLUSD holders through weekly airdrops until Aug. 14. Users must hold RLUSD and meet Binance’s Margin or Futures trading requirements to qualify
Pi Network price has climbed nearly 20% to around $0.086 on July 15 after an oversold rebound, with improving U.S. inflation data and renewed buying interest combined to lift the token from fresh record lows. Summary Pi Network price surged nearly 20% after an oversold rebound and softer U.S. inflation data boosted crypto sentiment. A
Revolut has secured in-principle approval from Dubai’s Virtual Assets Regulatory Authority to expand its regulated crypto business in the United Arab Emirates, adding another regulatory milestone to its global digital asset strategy. Summary Revolut has received in principle approval from Dubai’s VARA to offer regulated virtual asset services in the UAE. The company plans to
Japan has enacted sweeping amendments to its financial laws that classify cryptocurrencies as financial products, opening the door to lower crypto taxes, domestic exchange-traded funds and stricter market oversight. Summary Japan has passed a law classifying cryptocurrencies as financial products under the Financial Instruments and Exchange Act. The legislation creates a path for a 20%
For five consecutive days, a launchpad that did not exist a month ago collected more protocol fees than Pump.fun. On its best day, NOXA took in $2.33 million while the Solana incumbent, the platform that has minted eleven million tokens and defined an entire market cycle, managed $575,500. Summary NOXA briefly out-earned Pump.fun and became
Ripple has burned another 10 million RLUSD tokens, extending a run of treasury operations that has reduced the circulating supply of its dollar-backed stablecoin. Summary Ripple burned another 10 million RLUSD as circulating supply fell roughly 20% from May’s peak. Repeated treasury burns reduced RLUSD supply, though redemptions do not automatically signal weaker stablecoin adoption.
The United States has frozen more than $130 million in cryptocurrency held in wallets linked to the Central Bank of Iran, according to Treasury Secretary Scott Bessent. Summary US authorities froze more than $130 million in crypto tied to Iran’s central bank wallets. On-chain data showed four Tron wallets holding about $131 million in USDT
