Cronos confirms $9.2M slipped away before Tectonic exploit rollback

Cronos’s post-mortem put the Tectonic exploit’s affected borrowing at $120.4 million, with 7.6% transferred off-network before validators intervened. Source link

Bitmine Buys 28k ETH, Completes 97% of Treasury Accumulation Goal

Bitmine Immersion Technologies, the largest corporate Ether holder, announced another purchase of the second-biggest crypto, bringing the company closer to management’s goal of accumulating 5% of the total supply. Bitmine acquired 28,086 Ether (ETH) last week, according to a Tuesday announcement, which is currently worth about $69.5 million. The purchase brings Bitmine’s total holdings to…

Is Bitcoin Too Volatile To Risk Your Retirement On?

You stack sats. You farm yield, and you’d rather sell your car than part with your BTC. But does that mean you should bank your golden years on Bitcoin? Many retirement industry professional such as MIT finance professor Jonathan Parker say there is a sweet spot level for crypto exposure in a diversified retirement portfolio:…

Uzbekistan begins government bond-backed stablecoin payment pilot

Humo Digital will test HUMO payments with more than 20 merchants under a sandbox jointly overseen by NAPP and Uzbekistan’s central bank. Source link

Stablecoins could save South Korean merchants up to $3.8 billion a year, budget office says

South Korea’s budget office warned that stablecoin adoption could reduce banks’ roles as credit intermediaries and potentially destabilize token pegs during mass redemptions. Source link

Australia Tightens Crypto Oversight With 45 Registration Actions

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy. Source link

Liquid Recovers 85% of Bitcoin Withdrawn in Exploit

Purported white-hat hackers returned 3,400 Bitcoin worth about $270 million to the Liquid Federation wallet after withdrawing roughly $320 million from the Bitcoin sidechain’s reserves.  On Monday, JAN3 CEO and former Blockstream executive Samson Mow said the return followed confirmation from Blockstream that the affected bridge nodes had been patched. He said about 598 BTC…

UK Financial Watchdog Weighs Lifting Prediction Markets Ban: Report

The UK’s Financial Conduct Authority (FCA) reportedly has reached out to prediction market companies as part of discussions over whether the regulator would loosen a ban for retail investors, in place since 2019. According to a Friday report from The Times, the FCA is weighing lifting a ban on prediction market platforms like Polymarket and…

Bitcoin Grinds Lower As Labor Day Holiday Sees Liquidity Hunts

Bitcoin (BTC) drifted lower on Monday as a low-liquidity environment erased the weekend’s gains above $80,000. Key points: Bitcoin dips 2% below $80,000 after its highest weekly close since the start of May. Traders are in wait-and-see mode ahead of the week’s key volatility catalyst in the form of US inflation data. Analysis praises Bitcoin’s…

Metaplanet CEO breaks silence but shareholders say the hard questions remain unanswered

Simon Gerovich said Metaplanet had not adequately explained the structure, and denied involvement in MMXX Ventures’ trading decisions. Source link