The CLARITY Act, which aims to establish a comprehensive regulatory framework for the broader crypto industry, is advancing through Congress and prompting varied market reactions. Bloomberg ETF analyst James Seyffart argued the legislation should have little direct impact on Bitcoin's price, since the asset already enjoys the structures
A series of exploits struck cross-chain infrastructure within hours of each other, exposing recurring weaknesses in how protocols manage administrative access and validate transactions. The attacks targeted Verus, B² Network and other systems that connect Bitcoin and Ethereum, resulting in roughly $35 million in combined losses. According to reports,
The Arbitrum-based platform AFX Trade suffered a $24 million loss after an attacker gained control of enough hot-validator signatures to authorize a fraudulent withdrawal, according to security firms. The exploit allowed the attacker to approve a 24.15 million USDC withdrawal, exploiting weaknesses in the platform's
Security firm Blockaid identified a bridge exploit targeting AFX Trade, a protocol operating on the Arbitrum network, resulting in losses of roughly $24 million. According to blockchain analytics provider PeckShield, the attacker moved the stolen assets from Arbitrum to Ethereum, then converted them into 12,467 ETH. Bridges, which allow
PIPE deals, or private investment in public equity, let companies raise capital by selling shares to select investors, and Zhibao Technology intends to receive its funding in cryptocurrency rather than cash. The Nasdaq-listed Chinese insurance-technology firm has proposed accepting 3,500 bitcoin as part of a $220 million
Tesla retained its full 11,509 BTC position throughout the second quarter, opting not to buy or sell despite a 14% drop in bitcoin's price over the period. The decline forced the electric vehicle maker to record a $112 million impairment loss, reflecting the reduced value of its
MVMT Labs has entered bankruptcy proceedings, disclosing less than $1 million in assets despite reportedly securing $38 million in funding, raising questions about how the capital was spent. The company is listed as the sole named debtor in the filing. Move Industries has distanced itself from the case, stating it