Incident drains liquidity from liquid-staking index token; Yearn says vaults remain unaffected Yearn Finance is examining an apparent exploit involving its yETH product after an attacker drained a significant portion of the pool’s liquid staking token reserves. Early blockchain traces indicate that a portion of the proceeds — roughly 1,000 ETH, or about $3 million — was moved through the privacy tool Tornado Cash. The incident centers on yETH, a Yearn product that bundles multiple liquid staking tokens into a single asset. According to on-chain activity, the attacker deployed a sequence of new smart contracts to create an effectively unlimited…
Author: Blockto Team
Analysts remain divided as competing frameworks produce sharply different fair-value estimates A new analysis comparing a dozen valuation models suggests that Ether (ETH) may be priced below its long-term fair value. Yet one influential framework offers a stark counterpoint, reinforcing the debate over how to measure the economic fundamentals of a decentralized network. According to Ki Young Ju, who examined 12 commonly referenced models, nine indicate that ETH is undervalued at current levels near $3,000. A composite average places “fair value” around $4,836, implying substantial upside under traditional network-activity assumptions. Most of the models — eight in total — also…
Platform enables GPU owners to earn TON by contributing computing power A new privacy-focused AI compute network, Cocoon, has officially launched on The Open Network (TON), offering users a way to run AI tasks without relying on centralized infrastructure. The rollout marks a notable step in merging decentralized architecture with AI workloads. Cocoon operates as a distributed marketplace for computing resources, allowing individuals with spare GPU capacity to contribute power to the network. In return, participants earn Toncoin, TON’s native asset. Early activity shows that the system has already processed initial user requests, and contributors are beginning to receive rewards…
Dual consensus-and-execution overhaul targets faster, cheaper data handling across the ecosystem Ethereum developers are preparing to activate Fusaka, the network’s second major upgrade of 2025, with deployment set for Wednesday. The update is designed to help the blockchain better absorb the growing volume of data flowing in from layer-2 networks that rely on Ethereum as their settlement layer. Fusaka — a portmanteau of Fulu and Osaka — packages simultaneous upgrades to both Ethereum’s consensus and execution layers. In total, the release includes 12 Ethereum Improvement Proposals, each aimed at strengthening throughput, increasing efficiency and making layer-2 activity cheaper to settle.…
Downgrade renews long-standing scrutiny of the stablecoin issuer’s reserves and transparency Tether is facing renewed criticism after S&P Global lowered its rating on the USDT stablecoin to its weakest score last week. The move revived long-running debates over the company’s reserve composition and reporting practices, prompting sharp reactions across the crypto community. S&P’s decision to shift USDT from a level 4 to 5 on its stablecoin stability scale cited familiar concerns about limited disclosure, alongside a newer factor: Bitcoin now accounts for more than 5% of Tether’s reserves. The agency suggested that sustained declines in BTC could introduce undercollateralization risk.…
ETH falls into a key demand zone after repeated structure breaks and liquidity sweeps Ethereum has declined to $2,800, entering a major demand zone after weeks of structural weakening across higher timeframes. The move reflects a combination of trend shifts, failed bullish attempts, and liquidity-driven price action, which have shaped ETH’s current correction phase. Why Ethereum Fell to $2,800 The market shows multiple Break of Structure (BOS) and Change of Character (CHoCH) signals forming since mid-October, underscoring a clear shift from bullish momentum to downside control. Price rejected a significant supply zone near $4,000–$4,300, marking the beginning of a broader…
Technical pressure builds after liquidity sweep and structure shift signal deeper market weakness Bitcoin has dropped to $87,000, marking a sharp technical correction after several weeks of structural deterioration on the daily chart. The decline reflects a combination of market structure breaks, liquidity grabs, and a weakening bullish trend as shown by recent price action. Technical Breakdown Behind the Drop Recent price movements show Bitcoin trading through a major Break of Structure (BOS) on the daily timeframe, signaling a reversal from the previous bullish cycle. The chart indicates that price tapped into a premium zone before reversing, leaving behind a…
Unusual “green dot” tease fuels debate as company faces tighter financial conditions A small visual change in Michael Saylor’s weekly social-media routine has prompted outsized curiosity among Bitcoin watchers. The Strategy executive chairman swapped his familiar orange-dot chart for a version featuring green dots, hinting that the company may be preparing an update that differs from its typical Monday disclosures. For the past year, Saylor has posted a near-identical chart every Sunday, often interpreted as a prelude to Strategy’s regular announcement of Bitcoin purchases. This weekend, however, he floated the idea of “adding green dots,” a variation that quickly drew…
Report reveals Pyongyang is advancing cyber theft operations with restricted NVIDIA hardware despite global sanctions New findings suggest that North Korea is expanding its cybercrime operations by using banned NVIDIA GPUs to strengthen artificial intelligence–powered hacking tools. A recent report indicates that the country has acquired GeForce RTX 2700 graphics cards, which are prohibited under U.S. export controls, and is deploying them for crypto theft, deepfake production, and surveillance efforts. North Korea’s Use of Restricted GPUs The GPUs in question are classified as dual-use technology, meaning they can support advanced AI research, cryptographic processing, and cyberwarfare capabilities. Despite strict sanctions,…
Price Holds Above Critical Demand While Major Supply Zones Limit Upside Momentum XRP’s weekly chart continues to offer a clear map of market structure, defined by a sequence of breaks of structure, equal highs, liquidity sweeps and major supply-and-demand zones. During the latest weekly session, XRP held above essential support despite encountering resistance at previously rejected zones. These technical boundaries remain central to understanding the asset’s next directional move. XRP Market Structure and Long-Term Ranges On the weekly timeframe, XRP has remained within a broad structural range stretching back to 2021. The market reveals several significant breaks of structure (BOS)…