Found 9926 news
Brian Armstrong has now predicted that AI agents will not only transact onchain more than humans but will outnumber employees at his company very soon. Coinbase CEO Brian Armstrong said the company has started testing AI agents on Slack and email to assist employees with work tasks, continuing the company’s efforts to embed AI into its workflows. In a post to X on Saturday, Armstrong said the company has already deployed two AI agents, modeled after two former executives, speculating that AI agents could eventually outnumber human employees at the crypto exchange. “Soon, it will be easy for any employee to spin up a new agent for themselves or their team. I suspect we will have more agents than human employees at some point soon.” Read more
Vercel has confirmed it was compromised after a member of a hacking forum put the company’s information up for sale for $2 million. Vercel, a cloud hosting provider popular among crypto projects, confirmed it suffered a security breach that allowed hackers to make off with a “limited” subset of customer credentials. Vercel said in a blog post on Sunday that it “identified a security incident that involved unauthorized access to certain internal Vercel systems,” and that it was investigating the breach. “Initially we identified a limited subset of customers whose Vercel credentials were compromised,” it added. “We reached out to that subset and recommended an immediate rotation of credentials.” Read more
Why Bitcoin and Ethereum are taking different paths to address future cryptographic risks and long-term blockchain security. Quantum computing has long been viewed as a distant, largely theoretical threat to blockchain systems. However, that perspective is now starting to change. With major technology companies such as Google establishing timelines for post-quantum cryptography, and crypto researchers re-examining long-held assumptions, the discussion is shifting from abstract theory to concrete planning. However, Bitcoin and Ethereum, two major blockchain networks, are addressing the quantum computing threat in different ways. Both networks depend on cryptographic systems that could, in principle, be compromised by sufficiently powerful quantum computers. However, their approaches to addressing this shared vulnerability are evolving in markedly different directions. Read more
Polymarket’s potential $15 billion valuation would still put it below the $22 billion valuation of competitor platform Kalshi in its latest funding round. Prediction market platform Polymarket is reportedly in talks with investors to raise another $400 million in fresh capital, The Information reported Monday. The $400 million raise would be made at a $15 billion valuation, The Information said, citing two people familiar with the matter. The raise would add to a wave of institutional capital flowing into the predictions market space in recent months. New York Stock Exchange parent Intercontinental Exchange (ICE) invested $600 million into Polymarket in late March, while competitor platform Kalshi’s valuation was marked at about $22 billion in its last funding round. Read more
EasyDNS CEO Mark Jeftovic said the social engineering attack was highly sophisticated and the company is conducting further investigation to determine how the breach occurred. Ethereum Name Service gateway eth.limo has revealed that the domain hijacking on Friday was caused by a social engineering attack directed against EasyDNS, its domain name service provider. According to a postmortem published by eth.limo on Saturday, an attacker impersonated one of its team members to initiate an account recovery process with easyDNS, granting access to the eth.limo account and allowing them to alter domain settings. “The NS records were changed and directed to Cloudflare… Once we understood that a DNS hijack had taken place, we immediately notified the community as well as Vitalik Buterin and others. We then began contacting EasyDNS in an attempt to respond to the incident,” the company said. Read more
Bitcoin briefly crashed below $74,000 on Sunday as Iran threatened retaliation for a US military seizure of an Iranian cargo ship. Bitcoin erased its weekend gains as it fell below $74,000 on Sunday after the US military seized an Iranian cargo ship, putting pressure on a ceasefire between the two countries. Bitcoin (BTC) had soared above $78,300 late Friday on Coinbase, its highest price since early February, but dropped to between $75,000 and $76,000 over the weekend after Iran said it would close vital oil routes in the Strait of Hormuz. The cryptocurrency then sank sharply late on Sunday to briefly trade below $74,000 after the US military said it opened fire on, and later seized, an Iranian cargo ship it claimed tried to run its blockade of Iranian ports, with Tehran accusing the US of violating an agreed ceasefire. Read more
The Aave token fell nearly 20% to $89.5 in just over 24 hours as users withdrew billions of dollars from the lending protocol. Total value locked on decentralized lending protocol Aave dropped by nearly $8 billion over the weekend after hackers behind the $293 million Kelp DAO exploit borrowed funds on Aave, leaving roughly $195 million in “bad debt” on the protocol and triggering withdrawals. Data from DeFiLlama shows that Aave’s TVL fell from about $26.4 billion to $18.6 billion by Sunday, losing the top spot as the largest DeFi protocol. Aave v3’s lending pools for USDt (USDT) and USDC (USDC) are now at 100% utilization, meaning that more than $5.1 billion worth of stablecoins cannot be withdrawn until new liquidity arrives or borrows are repaid. Read more
A prohibition on yield-bearing stablecoins and robust payments infrastructure in the US means stablecoins will not eat into banks' market share. The impact of stablecoins on the banking sector appears “limited” at the current phase of the adoption cycle, but banks could face increasing competition and an erosion of market share as the stablecoin sector and tokenized real-world assets (RWAs) grow in market capitalization. “So far, the use of stablecoins remains limited, but their market capitalization exceeded $300 billion at the end of last year,” Abhi Srivastava, associate vice president of Moody’s Investors Service Digital Economy Group, told Cointelegraph. The role of stablecoins in payments, cross-border commerce and onchain finance is “expanding,” despite their currently limited role, Srivastava said, adding that existing payment systems in the US are already “fast, low-cost and trusted.” He said: Read more
Volatility and upside have been declining with each Bitcoin halving cycle, but the new dynamics may not be permanent, according to Galaxy's Alex Thorn. The current Bitcoin (BTC) market cycle is “dramatically” weaker than the three previous cycles, according to Alex Thorn, the head of firmwide research at investment firm Galaxy. Thorn compared price action since the April 2024 Bitcoin halving to cycles triggered in 2012, 2016 and 2020; the current cycle shows significantly dampened volatility and lower upside. The all-time high above $125,000 on Oct. 5, 2025 was only 97% above the 2024 halving price around $63,000. BTC’s price increased by about 9,294% during the 2012 halving cycle, reaching a high of about $1,163, and climbed by about 2,950% during the 2016 halving cycle, reaching a high of about $19,891. The 2020 halving saw a price increase of about 761%. Read more
The contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the founder of Curve Finance. The exploit of the Kelp liquid restaking protocol shows how non-isolated lending and integrations in decentralized finance (DeFi) can cause broader ecosystem contagion, according to crypto industry executives and blockchain security firms. Non-isolated lending on DeFi platforms, including earlier versions of the Aave lending protocol, exposes users to risks from all the various tokens used as collateral on the platforms, according to Michael Egorov, founder of the Curve Finance DeFi protocol. Kelp was the target of a cyber attack on Saturday, causing the platform to pause smart contracts for its restaking token (rsETH) while it moved to investigate the attack that left the platform drained of about $293 million. DeFi teams should also vet prospective digital assets to ensure that tokens do not feature single points of failure or attack surfaces before approving token...
Bitcoin foreshadows fresh market mayhem as it appears that the US-Iran war has returned, including the closure of the Strait of Hormuz oil route. Bitcoin (BTC) sought to protect $75,000 into Sunday’s weekly close as crypto surfed fresh uncertainty over the US-Iran war. Key points: Bitcoin price action sinks from ten-week highs amid fears that the US-Iran war has returned in full force. Read more
Alcoa is nearing a deal to sell its idle upstate New York Massena East smelter to NYDIG as US industrial sites increasingly shift toward Bitcoin mining and AI data centers. US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG). The company is in advanced discussions and expects the transaction to close “in the middle part of this year,” CEO Bill Oplinger told Bloomberg on Friday. The site, located along the St. Lawrence River, has been inactive since 2014 after Alcoa shut it down amid rising energy costs and global competition. Built for 24/7 heavy industrial operations, aluminum smelters come with pre-existing substations, transmission lines and high-capacity grid connections. That makes them attractive targets for Bitcoin miners and data center operators, who often spend years securing similar infrastructure approvals from scratch. Read more
RaveDAO denies involvement in RAVE token price surge and crash as Binance and Bitget launch investigations into suspected market manipulation. RaveDAO has denied any role in the recent surge and sharp collapse of its RAVE token, as major crypto exchanges open probes into trading activity following allegations of market manipulation. In a thread posted on X, the project said it was “not engaged in, nor responsible for, recent price action,” responding to mounting scrutiny after RAVE soared from roughly $0.25 to nearly $28 within days before plunging more than 80%. The denial comes as onchain investigator ZachXBT accused the project of orchestrating a pump-and-dump scheme, pointing to concentrated token holdings and suspicious exchange flows. He claimed that more than 90% of the token supply may be controlled by insiders, calling on exchanges to take action. Read more
Charles Schwab and Citadel Securities executives have separately aired interest in prediction markets, but each is looking to steer clear of sports offerings. Traditional finance giants Charles Schwab and Citadel Securities are both considering entering prediction markets, with each separately weighing up how they wish to get involved in the fast-growing sector. “I think at some point we likely will have prediction markets,” Rick Wurster, the CEO of the banking and investing titan Schwab, told investors during a call on Thursday. He added that prediction markets weren’t “of tremendous interest” when he recently asked a group of Schwab clients about them, but it was an area the company would “take a hard look at, and it would be quite straightforward for us to offer.” Read more
A federal judge has tossed a class lawsuit over Caitlyn Jenner’s memecoin, saying it did not plausibly allege that the token was an unregistered security. US media personality and former Olympian Caitlyn Jenner has escaped a class-action lawsuit after a federal judge ruled her memecoin was not a security under US law. California federal judge Stanley Blumenfeld Jr. wrote in an order on Thursday that the lawsuit failed to plausibly plead that Caitlyn Jenner (JENNER) tokens were investment contracts, as they didn’t pool investor money or use funds to develop “any related product or technology.” “Defendants stated that ‘[t]he $JENNER token is a memecoin on the Ethereum blockchain intended solely for entertainment purposes,’ and that its value would increase because Jenner would use her fame and influence to promote it, increasing demand,” the order said. Read more
SEC chair Paul Atkins is under fire from Senator Elizabeth Warren, who says he “may have been deliberately trying” to mislead Congress about the agency’s enforcement activity. US Senator Elizabeth Warren has accused Paul Atkins, the head of the Securities and Exchange Commission, of possibly lying to Congress about the agency’s enforcement numbers. Warren, the top Democrat on the Senate Banking Committee, said in a letter to Atkins dated Wednesday that the SEC’s enforcement data for fiscal year 2025, released on April 7, raised “significant concerns” about his answers at a Feb. 12 congressional hearing. “At the hearing, I specifically asked you to comment on publicly available data highlighting a decline in SEC enforcement activity,” Warren said. “In response, you demurred, stating that you were ‘not sure what data’ I was looking at.” Read more
The attack caused a "cross-protocol contagion" that has impacted at least nine crypto protocols, blockchain security firm Cyvers said. Kelp, a liquid restaking protocol, was the victim of a cyber attack on Saturday, causing the platform to pause smart contracts for its restaking token (rsETH), as it “investigates” the attack amid reports of hundreds of millions of dollars in losses. “Earlier today, we identified suspicious cross-chain activity involving rsETH. We have paused rsETH contracts across mainnet and several Layer-2s,” the Kelp platform said in an X post. The attacker exploited the rsETH adapter bridge contract, the software code that manages Kelp’s rsETH token, and drained the platform of about $293 million in funds, according to blockchain security firm Cyvers. Read more
SOL’s steady recovery alongside the wider crypto market has traders debating whether $100 could be the next stop for the altcoin. Key takeaways: Solana maintains its market dominance in DEX volume and TVL despite SOL’s underperformance versus its peers. Easing sell pressure from volatile geopolitics and a resurgence in memecoin activity could catalyze a SOL price rally to $100. Read more
The average block time at publication is about 9.8 minutes, falling slightly short of the 10-minute block target, according to CoinWarz. The Bitcoin (BTC) mining difficulty, the relative challenge of adding new blocks to the BTC blockchain, fell on Saturday, amid public mining companies selling record amounts of BTC to cover operating expenses. The Bitcoin mining difficulty fell to about 135.5 T, a modest decrease of about 1.1% over the last 24 hours, according to data from CoinWarz. Mining difficulty is also projected to increase in the next adjustment period. CoinWarz said: Bitcoin miners have faced mounting challenges over the past year, as reduced block rewards, rising energy prices, a crypto bear market and geopolitical shocks create economic headwinds for miners. Read more9926 items