AAVE Surges 8.9% to Lead CoinDesk 20 Index Higher on Strong Market Day
Aave (AAVE) led the CoinDesk 20 Index higher with an 8.9% gain, while Solana (SOL) added 4.5%, as 11 of 20 tracked assets moved into positive territory.
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BitGo Cuts 15% of Staff as Crypto Industry Faces AI-Driven Layoff Wave
BitGo, one of the crypto industry’s leading digital asset custody and infrastructure providers, has joined a growing wave of layoffs sweeping through the sector. The company announced a 15% reduction in its workforce, marking another significant staffing cut in an industry grappling with the intersection of economic pressures and artificial intelligence disruption. The custody platform…
Polymarket Suffers $2.9M Theft Through Third-Party Vendor Compromise, Promises Full Refunds
Polymarket, one of the largest prediction markets in crypto, fell victim to a sophisticated attack Thursday that drained approximately $2.94 million from at least 11 user wallets. The breach occurred when attackers injected a malicious script into the platform’s frontend through a compromised third-party vendor dependency, enabling a phishing attack that targeted unsuspecting users. Blockchain…
Indonesia Mandates Certifications for Crypto Influencers as Global Finfluencer Crackdown Intensifies
Indonesia Mandates Certifications for Crypto Influencers Indonesia’s Financial Services Authority has introduced mandatory certification requirements for influencers recommending cryptocurrency and other digital assets, marking the latest regulatory move in a worldwide effort to police financial promotions on social media. The new rules, outlined in Financial Services Authority Regulation No. 6 of 2026 and announced Wednesday,…
Kalshi Seeks $40B Valuation Just Weeks After Closing $1B Funding Round
Prediction market platform Kalshi is reportedly seeking a $40 billion valuation in its latest funding round, according to the Financial Times. The aggressive valuation target comes remarkably quickly after the company closed a $1 billion Series B funding round just weeks prior, signaling explosive investor appetite for the crypto-native trading platform. The move underscores the…
Bitcoin Breaks Below Rainbow Chart’s ‘Dead’ Zone as Analysts Debate Model’s Relevance
Bitcoin has fallen below the lowest band of the popular Bitcoin Rainbow Chart for only the second time in history, triggering a debate among crypto analysts over whether the asset is deeply undervalued or whether the long-running valuation model has simply become outdated. The world’s largest cryptocurrency is trading near $62,500, down roughly 50% from…
DOJ Seizes Huione Infrastructure in Major Crackdown on Billions in Crypto Laundering
The U.S. Department of Justice has seized infrastructure operated by Huione, a company allegedly linked to billions of dollars in cryptocurrency laundering activities. The action represents a significant enforcement effort targeting the technical backbone used to facilitate illicit financial flows through digital assets. The seizure targets the company’s computing and networking infrastructure that law enforcement…
OpenPayd Secures MiCA License to Offer Regulated Crypto Services Across Europe
Financial infrastructure provider OpenPayd has obtained authorization under the European Union’s Markets in Crypto-Assets Regulation, or MiCA, enabling it to operate as a crypto asset service provider across the European Economic Area. The Malta Financial Services Authority issued the license, which allows OpenPayd to offer services including fiat-to-stablecoin on-ramping and off-ramping to businesses throughout the…
Ethereum Foundation to Cut Budget 40% in Major Organizational Reset
The Ethereum Foundation will slash its budget by roughly 40% this year as it transitions to a leaner, endowment-style operating model, Ethereum co-founder Vitalik Buterin announced Tuesday. The dramatic reduction marks a significant shift in how the organization manages its treasury, with spending targets dropping from approximately 15% of assets annually to around 5% per…
US Senate Passes Housing Bill With Four-Year Federal CBDC Ban
The U.S. Senate has passed a housing bill that includes a four-year moratorium on the Federal Reserve developing a central bank digital currency, marking another legislative victory for crypto advocates concerned about government-issued digital money. The measure, which addresses housing policy, embedded the CBDC restriction as part of broader financial provisions, signaling continued congressional skepticism…
Ripple’s CASP MiCA License Application: What We Know About the July 1 Deadline
Ripple Labs has been navigating the complex regulatory landscape of Europe’s Markets in Crypto-Assets Regulation, commonly known as MiCA. The blockchain company’s pursuit of a Crypto Asset Service Provider (CASP) license represents a significant milestone in the firm’s efforts to operate compliantly across European markets. With regulatory deadlines looming, the cryptocurrency industry continues to watch…
MoneyGram Joins Solana as Validator, Deepening Stablecoin Payment Infrastructure Play
MoneyGram, the global remittance and money transfer firm, has become a validator on the Solana blockchain, marking a significant expansion of its cryptocurrency infrastructure strategy. By operating a validator node, MoneyGram will help process transactions and secure Solana’s proof-of-stake network, positioning itself as a key participant in the blockchain’s infrastructure layer. The move underscores the…
Top 5 Nigerian Startups Transforming USDT, Bitcoin and Naira Transactions in 2026
In this article, we highlight five Nigerian startups that are making a significant impact in the technology and digital asset ecosystem.
Ethereum’s Notorious Sandwich Bot Drained of $7.5M in Ironic Exploit
Jaredfromsubway.eth, one of Ethereum’s most prolific MEV bots, has fallen victim to a sophisticated attack that drained more than $7.5 million from its accounts. The incident is notable not for exploiting a traditional smart contract vulnerability, but for turning the bot’s own automated trading logic against it, according to security firm Blockaid. The bot, which…
