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Allbridge Pauses Protocol After $1.65M Exploit Drains Stablecoin Liquidity Pools

Allbridge has asked users to withdraw liquidity immediately after a $1.65 million exploit. Cross-chain stablecoin bridge, Allbridge Core, suffered a security exploit that resulted in losses of approximately $1.65 million, according to blockchain security firm PeckShield. The firm said the attacker has already bridged the stolen funds from Solana to Ethereum. Allbridge Responds Allbridge…

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3 AIs Give Surprising Answers

SOL is the “easiest pick,” ChatGPT said. The prolonged bear market has left numerous crypto investors underwater, as prices of countless digital assets have crashed by double digits over the past several months. Despite the grim reality, the current environment might be an ideal time to invest in tokens that could deliver substantial gains…

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Crypto Is No Longer the ‘Belle of the Ball,’ Warns Bitwise’s Matt Hougan

Crypto winter looks different this cycle as capital rotates toward smaller assets with credible fundamentals instead. Bitwise Chief Investment Officer Matt Hougan said the “brutal” cryptocurrency market is no longer the “belle of the ball,” as digital assets are increasingly becoming a contrarian investment. In his latest memo, Hougan flagged three factors influencing the…

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