Category: Bitcoin News

Balancer Hit By Suspected $70M Staked Ether Exploit

admin

Decentralized exchange (DEX) and automated market maker (AMM) Balancer may have suffered an exploit, as about $70 million worth of digital assets was transferred to a freshly created wallet. Onchain data shows that the decentralized finance (DeFi) protocol saw $70.9 million worth of liquid staked Ether (ETH) tokens transferred to a fresh wallet across three transactions, according to Etherscan logs. The transfers included 6,850 StakeWise Staked ETH (OSETH), 6,590 Wrapped Ether (WETH) and 4,260 Lido wstETH (wSTETH), crypto intelligence platform Nansen said in a Monday X post. While Balancer has…

HKMA To Ramp Up Tokenization Plans In 2030 Strategy

admin

The Hong Kong Monetary Authority is seeking to grow the tokenization ecosystem as part of its four-pronged growth strategy for its fintech sector over the next five years.  In a statement on Wednesday during Hong Kong Fintech Week, HKMA said its Fintech 2030 strategy will focus “on four strategic pillars” referred to as “DART,” covering data, artificial intelligence, resilience and tokenization across 40 initiatives.  Source: HKMA “The HKMA will accelerate the tokenisation of real-world assets (RWAs), including financial assets, and lead by example by regularising the issuance of tokenised government…

France Could Pass ‘Unproductive Wealth’ Tax Targeting Crypto

admin

Lawmakers in France have voted to advance an amendment to the country’s tax laws that would impose levies on “unproductive wealth,” including some types of property and crypto holdings. Centrist MP Jean-Paul Matteï filed the amendment on Oct. 22, with members of the National Assembly, the country’s lower house, passing the amendment with a vote of 163-150 late on Friday, with the backing of socialist and far-right MPs. The measure will still have to survive the remainder of the parliamentary process as lawmakers look to pass a budget for 2026…

Will Bitcoin’s Latest Sunday Pump be Different This Time?

admin

Key points: Bitcoin reaches $111,000 for the first time in November, but traders anticipate the weekend’s upside unraveling. Coinbase sell pressure comes as a Bitcoin whale resumes distributing BTC. Bulls are still unable to reclaim lost support at $111,200 and above. Bitcoin (BTC) saw a late bid into Sunday’s weekly close as key reclaim levels stayed out of reach. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin traders distrust “Sunday pump” Data from Cointelegraph Markets Pro and TradingView tracked the BTC price action as it reached local highs of $111,129 on Bitstamp.…

Blockchain Has Earned Its Place In Sports As Core Infrastructure

admin

Opinion by: Dima Saksonov, founder and CEO of Atleta Network The sports industry has become the distribution channel for blockchain’s mainstream moment. Leagues, teams and venues are running verifiable ticketing, identity and rights-management systems as mission-critical infrastructure that operates at stadium scale. This shift has positioned sports organizations as decisive buyers that carry blockchain into everyday fan experiences. In the earlier cycles, crypto chased shortcuts to make a name in the mainstream, and the sports industry (eagerly looking for a fresh revenue stream) has become the first to embrace this…

Fintechs And Neobanks Drive The Next Era Of Stablecoin Adoption

admin

Opinion by: Morgan Krupetsky, vice president of Onchain Finance at Ava Labs On the heels of the GENIUS Act’s passing, the next era of stablecoin usage is being driven by a growing cohort of fintechs and neobanks — integrating stablecoins into their product and service offerings, going where traditional systems have found it economically or operationally infeasible to do so, and, as such, growing their competitive edge.  These challenger systems are providing a direct way for people and businesses to more readily access and store stable value in mobile wallets;…

Bitcoin In IPO Phase As Early Holders Give Way to New Investors

admin

Bitcoin could be in the middle of an unofficial initial coin offering (ICO) as OG coin holders rotate out and fresh blood scoops up the tokens, distributing the supply across a broader number of people, macro analyst and Wall Street old hand Jordi Visser says.  In a Saturday episode of entrepreneur Anthony Pompliano’s podcast and a post on Substack, Visser said old coins that have been dormant for years are on the move, “Not all at once. Not in panic. But steadily,” and new investors are stepping in, “accumulating on…

MEV Killing Institutional DeFi Adoption, Hurting Retail Users: Crypto Exec

admin

Maximal extractable value (MEV), the process of miners or validators reordering transactions in a block to extract profits, is preventing financial institutions from adopting decentralized finance (DeFi), which hurts retail users, according to Aditya Palepu, CEO of DEX Labs, the lead contributor to decentralized crypto derivatives exchange DerivaDEX. All electronically-traded markets suffer from maximal extractable value or similar issues inherent in the information asymmetry in ordering trading transaction data, Palepu told Cointelegraph.  The solution is to prevent order flow data from being visible before execution through processing transactions in trusted…

Malaysia’s BNM Unveils 3-Year Asset Tokenization Plan

admin

Bank Negara Malaysia (BNM), the country’s central bank, has unveiled a three-year roadmap to explore and test asset tokenization across the financial sector. Under the initiative, BNM will launch proof-of-concept (POC) projects and live pilots through its Digital Asset Innovation Hub (DAIH), established earlier this year, the central bank announced on Friday. A key part of this roadmap is the creation of an Asset Tokenization Industry Working Group (IWG), which will coordinate industry-wide exploration, share knowledge and identify regulatory and legal challenges. The working group, co-led by BNM and the…

Crypto Sleeps While AI Builds The Richest Data Set Monopolies

admin

Opinion by: Ram Kumar, core contributor at OpenLedger The crypto industry spent a decade evangelizing decentralization. At the same time, AI companies assembled the most valuable monopolies since Standard Oil, and they’re data monopolies that make protocol dominance look trivial by comparison. The AI industry is expected to generate over $300 billion in revenue by 2025, primarily through training models on trillions of tokens scraped from researchers, writers and domain experts.  Bitcoin maxis fought block size wars. Ethereum debated MEV extraction. Meanwhile, OpenAI, Google and Anthropic scraped the entire corpus…