DeFi Turns Toward Transparency Amid Market Turmoil

Balancer suffered one of the largest decentralized finance (DeFi) exploits on Monday, with more than $116 million in staked Ether and liquidity pool tokens drained from Balancer v2 contracts and several forks.  The decentralized exchange (DEX) and automated market maker (AMM) investigated what appeared to be faulty access control in its smart contracts, which allowed…

Bitcoin Retests $100K As Altcoins Search For Stability

Key points: Bitcoin has remained above the $100,000 level on a closing basis, but the risk of a breakdown remains until the price rises above $108,000. Several major altcoins are holding onto their support levels, but a weak bounce heightens the risk of a breakdown. Bitcoin (BTC) has risen above $101,000, indicating that the bulls…

US Senate to Vote on Bill to Reopen Gov’t with Crypto Bill in Limbo

The shutdown of the US government entered its 38th day on Friday, with the Senate set to vote on a funding bill that could temporarily restore operations. According to the US Senate’s calendar of business on Friday, the chamber will consider a House of Representatives continuing resolution to fund the government. It’s unclear whether the…

Bitcoin Coinbase Premium Hits 7-month Low: Is $95K Next?

Key takeaways: Bitcoin dropped below $100,000 and could retest its yearly open at $93,500 as its momentum weakens. The Coinbase Premium hit a seven-month low, reflecting strong US spot Bitcoin selling pressure. Short-term holders are accumulating BTC, while long-term holders continue taking profits. Bitcoin’s (BTC) recent weakness extended into Friday’s trading session, with BTC once…

Bitcoin Retests $100K As Altcoins Search For Stability

Key points: Bitcoin has remained above the $100,000 level on a closing basis, but the risk of a breakdown remains until the price rises above $108,000. Several major altcoins are holding onto their support levels, but a weak bounce heightens the risk of a breakdown. Bitcoin (BTC) has risen above $101,000, indicating that the bulls…

Bitcoin Retests $100K As Altcoins Search For Stability

Key points: Bitcoin has remained above the $100,000 level on a closing basis, but the risk of a breakdown remains until the price rises above $108,000. Several major altcoins are holding onto their support levels, but a weak bounce heightens the risk of a breakdown. Bitcoin (BTC) has risen above $101,000, indicating that the bulls…

Bitcoin Defi Gets Another Institutional Boost Through Anchorage Digital Custody

Cryptocurrency bank Anchorage Digital is opening institutional pathways into Bitcoin-native decentralized finance (DeFi), providing a regulated gateway to BOB’s Bitcoin–Ethereum ecosystem. The custody service provided by a U.S. federally-chartered bank could provide a boost for institutional participants seeking yield opportunities in BOB’s $250 million total value locked (TVL) DeFi platform, according to an emailed announcement…

Stablecoin Race Heats Up Among Banks and Payment Firms

Traditional finance institutions across the US, Europe and Asia are moving into stablecoins now that regulatory uncertainties are easing. Payment companies like PayPal, Mastercard and Visa are either launching stablecoins, integrating stablecoin settlement into payment systems or building the infrastructure to support them. The race is not limited to corporations but is also developing at…

Safe CEO Says Bybit Hack Exposed Fragmented Self-Custody Security

In February, the cryptocurrency ecosystem stood on the precipice of calamity. Hackers stole $1.5 billion of Ether from crypto exchange Bybit, the largest theft the industry had ever seen. Fears of a contagion-driven market collapse were alleviated by an industry-wide effort to plug the gap at Bybit, and within hours, the exchange regained control of…

Stablecoin Race Heats Up Among Banks and Payment Firms

Traditional finance institutions across the US, Europe and Asia are moving into stablecoins now that regulatory uncertainties are easing. Payment companies like PayPal, Mastercard and Visa are either launching stablecoins, integrating stablecoin settlement into payment systems or building the infrastructure to support them. The race is not limited to corporations but is also developing at…