Ethereum’s biggest ‘sandwich’ bot drained of $7.5 million in ironic exploit

The setup was built over several weeks, where the attacker deployed dozens of fake token contracts and fake liquidity pools – a term for a pile of tokens locked on a decentralized exchange – that looked like profitable trades. Some mimicked familiar assets such as wrapped ether (WETH), and dollar-pegged stablecoins USDC and USDT. That…

US lawmakers Warn Against Presidential Pardon for Sam Bankman-Fried

Two US lawmakers on opposite sides of the political aisle are backing a resolution that “under no circumstances should Samuel [SBF] Bankman-Fried receive executive clemency, including a pardon or commutation.” In a resolution to be introduced Wednesday, Republican Senator Cynthia Lummis and Democratic Senator Rubén Gallego warned that should US President Donald Trump grant SBF’s…

Bitcoin Price Fell 40% Since STRC Launched: Is Strategy BTC-Buying Instrument in Trouble?

Bitcoin (BTC) has fallen roughly 50% since Michael Saylor’s Strategy launched Stretch (STRC), its flagship Bitcoin-funding vehicle, in late July 2025. BTC/USD monthly chart. Source: TradingView Key takeaways: STRC is acting like a classic Ponzi scheme, argue Peter Schiff and other critics. Other analysts disagree, noting that STRC’s drop below the $100 par is due…

Zcash Fixes Privacy Pool Bug After Explorer Confusion

Zcash developers temporarily suspended Orchard transactions after discovering a critical vulnerability in the privacy-focused blockchain’s latest shielded pool, then restored functionality through an emergency network upgrade. On Wednesday, the Zcash Foundation said the vulnerability affected Orchard’s zero-knowledge proof circuit and could have allowed invalid state transitions within the pool. However, the Foundation said there was…

Ether Squeeze Risk Grows As Shorts Crowd Near $2K Support

Ether (ETH) remains under pressure after failing to reclaim the $2,150 resistance level. Despite the decline, ETH’s aggregate open interest has increased by roughly 350,000 ETH, suggesting new short positions are entering the market. With more than $1.5 billion in bearish positions clustered above $2,150, a successful defense of the $2,000 support zone could trigger…

US Agencies Push User ID Requirements for Stablecoin Issuers Akin to Regulated Banks

Several US government agencies responsible for financial regulation have issued a proposed rule as part of the implementation of stablecoin-focused legislation, pushing for similar identification guidelines for issuers as banks under federal law. The Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC), National Credit Union Administration and the…

A look at how falling Bitcoin prices, capital structure changes pushed STRC below $83 in just five weeks.

May 26: The company confirmed it had used its cash reserve to finance the bond repurchase. The transaction had reduced the fund to $871 million. The buyback reduced that reserve to roughly six months of STRC dividend coverage. The company had previously said the plan was to maintain about 24 months of dividend coverage. STRC…

Bitcoin ETFs Shed a Record $6.4B in 30 Days

US-listed spot Bitcoin exchange-traded funds recorded their largest 30-day net outflow since launching in January 2024 amid a crypto bear market. According to data from Galaxy Research, US Bitcoin ETFs saw $6.35 billion in net outflows over a trailing 30 trading days. It also comes as they registered their sixth week of outflows last week,…

Zcash Developers Weigh New Shielded Pool After Orchard Bug

Zcash developers and researchers are discussing whether a new shielded pool could help restore supply verification confidence after a recently patched Orchard vulnerability. Shielded Labs, an independent Swiss-based Zcash support organization, said in a security update on Friday that it is exploring a proposed network upgrade that would deploy a new shielded pool and enforce…

Ethereum Retail is in Mood to ‘Buy the Dip’ as ETH Price Slips Under $2K

Ethereum’s native token, Ether (ETH), slipped below $2,000 for the first time since March, but retail traders have not reacted with panic yet. Key takeaways: Ethereum retail data shows rising “buy the dip” sentiment, which may lead to more downside ahead. Macro data, such as ETF net flows and whale behavior, show institutions are selling…