The framework targets fragmented mining systems, offering a unified, open alternative for managing infrastructure across operations. Tether has released an open-source development framework for Bitcoin mining, aimed at giving operators and developers unified control over hardware and software across mining operations. According to Monday’s announcement, the framework combines a backend SDK and user interface tools to replace fragmented, vendor-specific systems, allowing miners to monitor devices, manage operations and build custom applications across sites from a single control layer. It uses a modular architecture in which hardware exposes standardized functions and independent modules can be added without altering the core system, enabling integration across different machines, services and locations. Read more
Crypto ETPs see $1.2 billion inflows in fourth straight week as Bitcoin leads gains and blockchain equity ETFs hit record demand, CoinShares reported. Cryptocurrency investment products continued their run of inflows last week as Bitcoin traded at its highest levels since early February. Crypto exchange-traded products (ETPs) recorded $1.2 billion in inflows last week, marking their fourth week of consecutive gains, CoinShares reported Monday. The inflow streak is the largest so far this year, as the four-week total reached about $3.9 billion, surpassing the previous four-week run of $2.9 billion in March. Read more
French law enforcement agencies have been investigating wrench attacks and found that some of the alleged offenders were involved in multiple incidents At least 88 people, including ten minors, have been indicted in connection with alleged wrench attacks against crypto owners in France, according to Vanessa Perrée, the country’s national prosecutor for organized crime. Perrée said in a statement on Friday that 75 of the alleged offenders are being held in pre-trial detention, with the arrests related to 12 cases currently under investigation by specialized investigating judges of the Paris Judicial Court and monitored by the National Prosecutor's Office for Organized Crime (PNACO). Wrench attacks involve the use of physical force to gain access to a victim’s crypto wallet and have taken the form of home invasions, kidnappings and other extortion attempts. Read more
About 3.5% of informed traders, including market makers and skilled takers, capture over 30% of profits on prediction platforms, while about 67% of users absorb the entirety of losses. Prediction market platforms’ ability to accurately predict events is driven by a small set of highly informed traders rather than crowd-sourced wisdom, according to researchers from London Business School and Yale University. About 3.5% of these accounts “generate the bulk of price discovery” on prediction markets like Polymarket, according to a paper by Roberto Gomez-Cram, Yunhan Guo, Theis Ingerslev Jensen and Howard Kung, which was revised April 25. “The remaining majority does not produce accuracy; rather, it funds it,” the authors said. Read more
The funding follows a $290 million rsETH bridge exploit that disrupted DeFi markets and triggered a coordinated recovery effort. Consensys and Ethereum co-founder Joe Lubin have joined DeFi United, committing as much as 30,000 ETH to a recovery effort aimed at restoring rsETH backing after a $290 million bridge exploit triggered widespread disruptions across DeFi. The initiative, led by participants in Aave DAO, aims to support affected users and stabilize rsETH markets, with governance approvals still pending across involved protocols. The funding is intended to provide immediate liquidity while governance processes continue, with an eye on limiting disruption across DeFi protocols. Sharplink, a publicly traded Ethereum treasury company, has joined in an advisory role to help structure the recovery plan. Read more