In April 2026, two hacks worth $577 million accounted for 76% of all crypto theft this year. Both were the work of North Korea’s Lazarus Group. Summary North Korea-linked Lazarus attacks drained $577 million from Drift Protocol and KelpDAO. The Drift exploit relied on social engineering, compromised devices, and multisig approvals. KelpDAO’s breach triggered a
Crypto markets found support on Friday after reports suggested the United States and Iran were close to extending their ceasefire and reopening shipping routes through the Strait of Hormuz. Summary Crypto prices steadied as reports pointed to a potential 60-day U.S.-Iran ceasefire extension and easing oil prices. Bitcoin ETF outflows reached $2.85 billion over nine
SpaceX-linked pre-IPO perpetuals on Hyperliquid came under pressure after the SPACEX-USDH contract crashed by about 45% in 30 minutes. Summary SpaceX-USDH plunged 45% in 30 minutes, helping trigger liquidations that wiped out $25.27 million in positions over the past 24 hours. HYPE rose near $62 after the crash, showing demand stayed firm despite new oracle
Fidelity Digital Assets says Bitcoin and gold are showing signs of a shift away from dollar-based systems. Summary Fidelity says Bitcoin toll claims and gold demand show pressure on dollar-based settlement systems globally. Iran’s insurance proposal adds uncertainty as state-linked media publicly denies active crypto toll collection claims. USDT freezes recently pushed Bitcoin settlement debate
YZi Labs launches a curated Creator Program that plugs Web3 and AI storytellers into over 300 portfolio projects, extending its push to fuse capital, hiring and narrative. Summary YZi Labs unveils Creator Program focused on Web3, AI, and frontier tech Initiative connects vetted creators with over 300 portfolio projects and founders Move extends YZi Labs’
UniCredit director Elena Carletti has warned Europe may struggle to contain a crypto bank crisis under MiCA rules. Summary UniCredit’s Elena Carletti warned Europe lacks tools to backstop crypto-linked deposits the way US regulators did after SVB. MiCA pushes stablecoin issuers closer to banks but EU deposit insurance is capped at €100,000. Carletti cited Circle’s
The Digital Chamber is leading a coalition of crypto firms pressing the Senate to pass the CLARITY Act. Summary The Digital Chamber is leading more than 100 crypto firms urging Senate passage of the CLARITY Act. The coalition wants action before the Senate’s summer recess to lock in regulatory clarity. The Senate Banking Committee already
Kalshi has sued Minnesota to block the state’s prediction market ban set to take effect on August 1. Summary Kalshi filed a federal lawsuit against Minnesota over its new prediction market ban law. The company argues the Commodity Exchange Act gives the CFTC exclusive jurisdiction over event contracts. Minnesota’s law would make operating a prediction
Bitcoin has slipped out of the world’s top 10 assets by market capitalization, with its value down to about $1.09 trillion as U.S. tech giants in the “Magnificent Seven” power higher. Summary CoinDesk says bitcoin’s market cap has fallen to $1.09 trillion, knocking it out of the global top‑10 asset ranking. Gold, silver and every
Trezor has launched a Morpho integration that lets users earn yield on USDC and USDT inside Trezor Suite. Summary Trezor Suite now offers native USDC and USDT yield through two Morpho vaults curated by Steakhouse Financial. Yield comes from borrowing demand on Morpho, not token incentive programs. Deposits, withdrawals and reward claims are signed directly
