The vote will close in several days, and an investigation into the cybersecurity compromise is ongoing, according to Lido DAO members. The Lido Decentralized Autonomous Organization (DAO), the entity that governs the Lido liquid staking protocol, has initiated an emergency vote to rotate a compromised oracle — a bridge that connects real-world data to blockchain systems. According to members of the Lido DAO, an address belonging to the Chorus One oracle was compromised, and the Ether (ETH) balance associated with that oracle was drained in an incident still being investigated. Lido Finance emphasized that the issue is restricted to the Chorus One oracle and is not system-wide. The team also said the problem was not due to a coding problem in any particular blockchain oracle or software. Read more
Ethereum’s bullish fractals, emerging altseason signals, and strength over SOL, XRP fuel $10,000 ETH price target speculation. Key takeaways: Ether has rebounded from key parabolic and triangle support levels, reviving the case for a $10,000 breakout. Historical fractals and RSI recovery mirror past pre-rally setups seen in 2016 and 2020. Read more
Without programmable infrastructure, DeFi risks becoming the next frontier for unchecked automation and financial exploitation. DeFi faces vulnerabilities that could hinder its evolution. Opinion by: Sean Li, co-founder of Magic Labs Crypto markets run 24/7. Human traders don’t. As AI agents begin to manage liquidity, optimize yield, and execute trades at all hours, they’re quickly becoming essential infrastructure for decentralized finance’s (DeFi) future. While AI agents are evolving from niche tools for quant traders into mainstream financial operators, they’re rapidly outpacing the wallets meant to secure them. Advancements in account abstraction and smart contract wallets have emerged, but most DeFi platforms still predominately rely on externally owned account wallets that require manual approvals at every step. Early-stage programmable solutions exist but remain fragmented, costly on layer-1 networks and adopted by only a tiny fraction of users. Read more
Bitcoin bulls are on the cusp of launching the market back to all-time highs and beyond, new BTC price analysis confirms ahead of a crucial weekly close. Key points: Bitcoin analysis identifies the all-important price point to hold into the weekly close as all-time highs loom. Liquidity is tightly clustered around current spot price, with $106,000 the likely next battleground. Read more
Ethereum’s Pectra upgrade introduces offchain wallet delegation via EIP-7702, allowing attackers to drain funds using just a signed message. Ethereum’s latest network upgrade, Pectra, introduced powerful new features aimed at improving scalability and smart account functionality — but it also opened a dangerous new attack vector that could allow hackers to drain funds from user wallets using only an offchain signature. Under the Pectra upgrade, which went live on May 7 at epoch 364032, attackers can exploit a new transaction type to take control of externally owned accounts (EOAs) without requiring the user to sign an onchain transaction. Arda Usman, a Solidity smart contract auditor, confirmed to Cointelegraph that “it becomes possible for an attacker to drain an EOA’s funds using only an offchain signed message (no direct onchain transaction signed by the user).” Read more
A number of high-profile crypto firms have announced relocations or expansions in the United States this year. Crypto services platform Nexo shared its plans to reenter the United States market on Monday, marking the eighth major crypto firm to announce such plans since US President Donald Trump took office at the start of the year. Firms like Circle, Binance and OKX are banking on favorable regulatory clarity in 2025 to herald their US expansion. Bills like the STABLE Act and the GENIUS Act are advancing in Congress, which, if implemented, will lay the groundwork for swift success. Trump and his family are actively involved in some of these planned expansions. Nexo’s recent announcement was backed by Donald Trump Jr., who said, “We see the opportunity for the financial sector and want to ensure we bring that back to the US.” Read more