Crypto Exchange BtcTurk Experiences $48M Worth of Suspicious Outflows Amid Hack Fears

Around $48 million worth of cryptocurrency has been moved from wallets tied to Turkish exchange BtcTurk, raising fears of a potential hack. The incident involved large transfers of ether (ETH), Avalanche’s AVAX (AVAX), Arbitrum’s ARB (ARB), Base (BASE), Optimism’s OP (OP), Mantle , and Polygon’s MATIC (MATIC), with the bulk of the funds consolidating into…

Spar Supermarket launches Crypto Payments in 300 stores in Switzerland

Global grocery giant Spar is enabling stablecoin and cryptocurrency payments in its stores across Switzerland, marking what the company says will be the first nationwide rollout of digital asset payments in the retail sector. The grocery chain is partnering with Binance Pay and Swiss fintech firm DFX.swiss to allow customers to pay with more than…

Spar Supermarket launches Crypto Payments in 300 stores in Switzerland

Global grocery giant Spar is rolling out stablecoin and cryptocurrency payments in its stores across Switzerland, marking what the company says will be the country’s first nationwide rollout of digital asset payments in the retail sector. The grocery chain is partnering with Binance Pay and Swiss fintech firm DFX.swiss to enable customers to pay with…

Coinbase Loses $300K After 0x Contract Error Enables MEV Bot Drain

Coinbase lost about $300,000 in token fees after mistakenly approving assets to a 0x Project smart contract, allowing a maximal extractable value (MEV) bot to drain the funds. Deebeez, a security researcher at Venn Network, flagged the incident in a Wednesday post on X. He said Coinbase’s corporate wallet interacted with 0x’s “swapper” contract, a…

ETH rally turns Radiant Capital exploit into $103M trade

The trove stolen from decentralized lender Radiant Capital in October 2024 has nearly doubled in value as Ether climbed, blockchain data shows. Decentralized finance (DeFi) protocol Radiant Capital was hacked in mid-October 2024 when the crosschain lending protocol suffered a $58 million cybersecurity breach on BNB Chain and Arbitrum. Radiant Capital lost about $58 million…

Bitcoin flips Google’s $2.4T, Investors expect new all-time highs after $124k

Bitcoin climbed to an all-time high above $124,000 on Thursday, stoking fresh optimism that the next leg of price discovery could push the cryptocurrency’s market value toward Apple’s $3.4 trillion. Bitcoin (BTC) hit an all-time high of $124,457, leading the world’s first cryptocurrency to briefly surpass Google’s $2.45 trillion market capitalization, becoming the fifth-largest global…

Bitcoin Model Maintains $200K Target in 2025

Key takeaways: Bitcoin’s long-term CAGR of 42.5% outpaces the Nasdaq and gold, but is projected to drop to 30% by 2030. The power-law and quantile models keep BTC’s Q4 2025 target between $150,000–$200,000, with $1.2million to $1.5 million possible by 2035. The long-term growth of Bitcoin (BTC) remains exceptional, according to a recent Bitcoin Intelligence…

North Korean Fake IT Workers Get Counter-Hacked

A small team of North Korean IT workers — linked to a $680,000 crypto hack in June — has been using Google products and even renting computers to infiltrate crypto projects, according to screenshots from one of the workers’ devices.  In an X post from ZachXBT on Wednesday, the crypto sleuth shared a rare look…

Autonomous AI Will Be Ethereum’s Biggest Power User

Autonomous agents — AI-powered programs that can think and transact without human input — could unlock a new world of e-commerce on Ethereum due to a largely forgotten HTTP web standard that has only recently started being leveraged on the blockchain. The dormant HTTP 402 “Payment Required” status — defined around 30 years ago —…

Korea’s ‘Onshore’ Won Policy Could Hinder Its Stablecoin Ambition

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. South Korea’s decision to shelve its central bank digital currency pilot…