Headlines

Aztec Connect loses $2.1m after old contract exploit

Aztec Connect, a deprecated DeFi bridge linked to the privacy-focused Aztec ecosystem, was exploited on Sunday after an attacker drained about $2.1 million from an old Ethereum smart contract. Summary Aztec Connect’s old contract lost $2.1m, while the current Aztec Network stayed unaffected, Aztec said. The attack used a verification mismatch, letting unbacked balances move…

Read More

New BSP rules put crypto tokens under deeper scrutiny in Philippines

The Bangko Sentral ng Pilipinas (BSP) has introduced stricter requirements for virtual asset service providers (VASPs), requiring them to apply deeper screening, monitoring, and delisting procedures for cryptocurrencies offered to customers.  Summary BSP requires crypto exchanges to conduct deeper reviews before listing tokens and stablecoins locally. New rules mandate continuous monitoring and clear delisting triggers…

Read More

Michael Saylor says this Bitcoin metric shows Strategy’s real risk

Michael Saylor, founder and chairman of Strategy, said Bitcoin treasury firms need more than one measure to track their exposure to Bitcoin.  Summary Saylor says CEBE BPS shows Bitcoin exposure after debt and preferred stock claims are counted. BPS tracks common equity growth, while BTC Yield measures execution across Strategy’s Bitcoin accumulation plan. Shorter liabilities…

Read More

Financial Advisors Managing $175 Trillion Are Eyeing These Crypto Sectors Instead of Bitcoin

Financial advisors are still bullish on crypto, but stablecoins and blockchain applications are now attracting more institutional attention than Bitcoin. Despite the current market downturn, Matt Hougan, chief investment officer at Bitwise, said recent conversations with more than 40 financial advisors showed that interest in crypto remains strong. But their focus has shifted beyond…

Read More

Bitcoin mining difficulty just had its 11th-biggest drop ever

Bitcoin mining difficulty fell 10.09% after lower prices pushed weaker miners offline and slowed block production. Summary Bitcoin’s 10.09% difficulty drop gave active miners more output after weaker operators paused machines offline. Galaxy Research tied the adjustment to June’s Bitcoin price slide and a longer mining epoch. Crypto.news reports show miners are redirecting power toward…

Read More

Ethereum researcher says $0.07 can add post-quantum account protection

Ethereum Foundation privacy project Kohaku lead Nico said Ethereum accounts can start preparing for post-quantum risks without waiting for a hard fork.  Summary Nico says Ethereum accounts can start quantum protection now without waiting for protocol changes. SPHINCS- aims to verify post-quantum signatures on Ethereum at practical on-chain costs for wallets. Ethereum’s roadmap already names…

Read More

Bybit Highlights Factors That Pulled BTC Below $60K

The market produced its most oversold signal for this cycle, as investors panic-sold with no regard for price. Analysts at the crypto exchange Bybit have highlighted factors that contributed to bitcoin (BTC) recording its worst single-week percentage decline since the FTX collapse in November 2022. According to the report, the decline was not triggered…

Read More