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The post Crypto Market Today: Bitcoin Holds Near $83,000 as Zcash Leads the Gains- What’s Next? appeared first on Coinpedia Fintech News The crypto market is trying to stabilise after the recent volatility, while buying...
Altcoins outpaced bitcoin as Celestia surged 16%, Injective gained 7.7% and LayerZero rose 7.3%. Bitcoin stayed near $82,100 while markets reduced the expected chance of an October Federal Reserve rate increase after Chair Kevin Warsh offered no policy signal.
Evercrest Technologies is suing LayerZero Labs, its Canadian affiliate and CEO Bryan Pellegrino for $292 million over an April rsETH exploit. The claim alleges negligence, negligent misrepresentation and defamation, while KelpDAO reports more than $650 million in user withdrawals.
Evercrest, a KelpDAO developer, has sued LayerZero over a $292 million bridge exploit. It says LayerZero repeatedly approved the bridge’s single-verifier setup in writing, then warned another developer about the configuration.
KelpDAO sued LayerZero and co-founder Brian Pellegrino, alleging undisclosed protocol weaknesses contributed to a $292 million hack. CoinDesk described the incident as 2026’s largest exploit so far, putting LayerZero’s ZRO token in focus.
KelpDAO is suing LayerZero and CEO Bryan Pellegrino over a $292 million rsETH bridge exploit, alleging the setup had been endorsed before the attack. Pellegrino has dismissed the lawsuit as meritless.
LayerZero announced ATLAS as its new settlement engine, with the market responding positively. ZRO gained 10% and climbed nearly 50% from its local bottom, according to Decrypt.
LayerZero unveiled trading infrastructure for crypto and tokenized markets on its Zero blockchain. Citadel Securities is backing the network, while DTCC and ICE are exploring institutional applications. ZRO surged following the announcement, CoinDesk reported.
