Crypto News
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Crypto
42 stories in this section
Balancer Considers Wind-Down After Restructuring Fails to Restore Revenue
Balancer is considering a wind-down after cost cuts and new products failed to revive revenue. Marcus Hardt said v3 did not replace legacy income, while a $128 million November exploit continued to weigh on adoption.
FCA weighs exemption for tokenized gold under fund rules
The FCA is working with the Treasury on a possible bespoke framework that would exempt tokenized gold from traditional fund rules, in an effort to support London’s gold market.
EU cyber rules set strict reporting deadlines for crypto wallet providers
EU cyber rules require crypto wallet providers to file an early vulnerability report within 24 hours and a full notification within 72 hours of an exploit, with fines of up to $17.3 million for noncompliance.
Blockstream rejects Liquid hacker’s $50 million Bitcoin bounty demand
Blockstream is refusing the Liquid attacker’s demand for nearly 600 BTC, or about $50 million, after a Sept. 6 exploit created roughly 4,000 unbacked L-BTC and enabled the withdrawal of about 3,996 real BTC.
Maharashtra Considers Tokenizing State Assets to Finance Infrastructure
Maharashtra is drafting a policy to tokenize state assets, including electricity transmission infrastructure, as it explores ways to fund new infrastructure. CoinDesk reported that the proposal remains at the policy stage.
ESMA flags crypto links as potential risk to traditional finance
ESMA warned that stronger connections between crypto markets and traditional finance could amplify risks to the broader financial system, highlighting tokenized equities, DeFi exploits and prediction markets as areas of concern.
Liquid Network Restarts Block Production After $320M Exploit
Liquid Network has resumed block production after emergency software updates linked to a $320 million exploit. Transactions and peg operations remain suspended while recovery efforts continue, Cointelegraph reported.
U.S. Bank advances USBDC stablecoin plans with live cross-border payment test
U.S. Bank completed a live cross-border payment transaction while exploring its USBDC stablecoin for treasury payments, liquidity management and collateral. CoinDesk reported that the test represents another step toward a possible stablecoin launch.
Anthropic researcher resigns after warning AI could become an existential threat
Anthropic researcher Coxon resigned after saying on X that AI developers seriously believe the technology could kill humanity before the end of the decade. CoinDesk reported the warning, without detailing a company response or market impact.
Cronos says $9.2 million moved off-network before Tectonic rollback
Cronos’s post-mortem said the Tectonic exploit affected $120.4 million in borrowing, with 7.6%, or about $9.2 million, transferred off-network before validators intervened and the rollback took place.
Metaplanet CEO Addresses Concerns, but Shareholders Seek More Answers
Metaplanet CEO Simon Gerovich addressed shareholder concerns, acknowledging that the company had not adequately explained its structure. He also denied involvement in MMXX Ventures’ trading decisions, but shareholders say key questions remain unanswered.
Liquid Network investigation points to transaction-validation cache failure in $320 million Bitcoin incident
Researchers say an alleged flaw in Liquid’s transaction-validation cache may explain how unbacked tokens were created and redeemed for real Bitcoin in an incident involving roughly $320 million. Deployment timing has also drawn scrutiny.
Harmony proposes ending layer 1 and moving ONE to Ethereum
Harmony proposed shutting down its layer-1 blockchain and migrating ONE to Ethereum, weeks after an exploit led to plans to discard 109,000 transactions. The proposal’s timeline and implementation details were not disclosed.
Liquid Network halts transactions after $320 million bitcoin exploit
Liquid Network, an exchange settlement layer, halted all transactions after a security exploit involving $320 million worth of bitcoin. The attackers claimed to be the “good guys,” according to CoinDesk.
Regulated Banking Infrastructure Seen as Key to Stablecoin Growth
Decrypt says stablecoin adoption could be limited by a shortage of trusted, regulated infrastructure. As institutional interest grows, banking support is identified as a key requirement for the sector to scale.