Drift Says Nonce Attack Drove Exploit as Circle Faces USDC Scrutiny

Drift Protocol, a Solana-based decentralized exchange (DEX), confirmed Thursday it was targeted in a roughly $280 million exploit, describing it as a “highly sophisticated operation.” The platform took to X…

Polymarket Revenue Jumps as New Fees Take Effect

Prediction market Polymarket’s recent fee expansion has started to affect its numbers, with daily fees and revenue climbing sharply in the days following a March 30 price overhaul.  According to…

CLARITY Act Nearing Senate Markup, Floor Vote

Coinbase chief legal officer Paul Grewal said the US Digital Asset Market Clarity Act is “moving toward” a markup hearing in the US Senate Banking Committee and could eventually move…

Alabama Passes DUNA Act Granting DAOs Legal Status

The US state of Alabama has become the second US jurisdiction after Wyoming to grant decentralized autonomous organizations (DAOs) legal status under the DUNA Act. The Decentralized Unincorporated Nonprofit Association…

Bitcoin and Stocks Face Fresh Lows Under a US Dollar Breakout, Say Traders

Bitcoin (BTC) saw another $69,000 rejection on Thursday as risk-assets suffered over US-Iran war headlines. Key points: Bitcoin faces fresh downside pressure as stocks and gold fall on US President…

Former FTX Engineer Nishad Singh Fined $3.7M in CFTC Fraud Case

Nishad Singh, the former head of engineering at FTX, will pay $3.7 million to resolve his case with the US commodities regulator over his alleged role in the collapse of…

Crypto VC Paradigm to Launch Prediction Market Terminal

Crypto-focused venture capital firm Paradigm is reportedly building a prediction markets terminal, joining a wave of Wall Street companies looking for a way to serve the fast-growing sector. Led by…

Australia Passes Landmark Crypto Law, Mandates Licensing For Exchanges And Custodians

Australia has approved its first comprehensive digital asset framework, requiring crypto exchanges and custody providers to obtain financial services licenses, bringing the sector under the country’s core financial regulations. The…

Crypto Scam Leader Extradited to China to Face Charges

Li Xiong, a key member of group that served crypto scam rings throughout Asia, has been extradited to China after his arrest in Cambodia, where he will face fraud and…

BlackRock Files Ticker For Bitcoin Premium Income ETF As Bitcoin Strategy Expands

BlackRock has moved forward with its Bitcoin premium income strategy, revealing a ticker for its upcoming iShares Bitcoin Premium Income ETF. Bloomberg ETF analyst Eric Balchunas said on X that…