Attack highlights growing risks in decentralized derivatives markets as traders exploit low liquidity conditions POPCAT Price Crash Triggers Major Losses for Hyperliquid The decentralized derivatives exchange Hyperliquid has reportedly incurred a $4.9 million loss following a price manipulation attack involving the POPCAT token, according to on-chain analysis. The incident underscores ongoing vulnerabilities in decentralized trading platforms, where thin liquidity and leveraged positions can amplify the effects of targeted market moves. Blockchain data suggests that the attacker deployed a sophisticated strategy, using $3 million in USDC withdrawn from OKX and spreading it across 19 wallets to build a leveraged long position…
Author: Blockto Team
Ethereum co-founder warns that convenience-driven centralization threatens crypto’s core principles A Call to Preserve the Heart of Crypto Ethereum co-founder Vitalik Buterin, alongside Ethereum Foundation researchers Yoav Weiss and Marissa Posner, has released a document titled the “Trustless Manifesto.” The statement, published Wednesday, serves as a rallying cry for developers to prioritize decentralization and censorship resistance over convenience and rapid adoption. The manifesto argues that each centralized shortcut — from hosted nodes to custodial relayers — weakens the foundation of crypto’s trustless design. “Trustlessness is not a feature to add after the fact. It is the thing itself,” the authors…
ETF filing sparks brief rally in Mog Coin as speculative crypto products gain traction with U.S. regulators Canary Capital Pushes MOG into the Spotlight In a surprising move, Canary Capital has filed with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking the performance of Mog Coin (MOG) — a niche memecoin inspired by the “Mog” internet meme. The announcement briefly lifted MOG’s market value and drew attention to the growing wave of crypto-linked ETFs entering the U.S. market. According to Canary’s regulatory filing on Wednesday, the fund will hold MOG directly and may allocate…
Market Consolidation Follows Sudden Volume Spike Stellar’s native token XLM hovered near $0.29 in Thursday’s trading, showing little direction after a volatile session that saw a brief breakdown of key support levels. The token traded within a narrow corridor between $0.2810 and $0.2950, suggesting that traders remain cautious amid conflicting technical signals and broader market hesitation. Technical Picture Shows Cautious Optimism Price data from the daily chart indicates that XLM has been consolidating above a major demand zone near $0.27, following an earlier decline from the $0.35 resistance area. The recent formation of a Break of Structure (BOS) and multiple…
Trump signs funding bill restoring operations, paving the way for progress on crypto policy and ETF approvals Longest Shutdown in History Comes to a Close After a record 43-day government shutdown, U.S. President Donald Trump has signed a funding bill to restore federal operations, ending the deadlock that had paralyzed multiple agencies. The bill, passed by the Senate earlier in the week and approved by the House of Representatives on Wednesday, provides funding until January 30, allowing both parties to continue negotiating a broader fiscal agreement for 2026. Healthcare spending was a key point of contention, with Democrats seeking expanded…
Hedera Hashgraph’s native token HBAR slipped 0.6% to trade near $0.179 in Thursday’s session, reflecting an indecisive market tone as buyers and sellers battle for short-term control. The decline came after the token briefly held above a key intraday support near $0.185, only to break lower in the final trading hour. According to recent 4-hour trading data, HBAR has struggled to maintain upward momentum since failing to clear resistance at $0.205, a zone marked by repeated Break of Structure (BOS) and Change of Character (CHoCH) formations. Analysts note that this technical pattern suggests a temporary loss of bullish strength, though…
Rising Bitcoin prices and increased hashrate drive massive growth in mining demand Bitcoin Price Rally Powers BitFuFu’s Growth Singapore-based Bitcoin mining company BitFuFu has reported a 100% increase in revenue for the third quarter compared to the same period last year. The growth was driven by soaring Bitcoin prices, heightened cloud mining demand, and a surge in equipment sales as miners raced to capitalize on rising market momentum. According to the company’s Q3 earnings report, total revenue reached $180.7 million, up from $90 million a year earlier. The firm’s cloud mining division alone generated $122 million, highlighting the growing appeal…
Despite muted market performance heading into late 2025, Bitwise’s Matt Hougan believes 2026 will mark the next major crypto bull run. Bitwise Chief Investment Officer Matt Hougan told during The Bridge Conference in New York City that he’s now “more confident than ever” that 2026 will be crypto’s breakout year, especially since the current cycle has not followed the traditional end-of-year rally pattern. According to Hougan, a strong rally in late 2025 would have aligned with the historical four-year cycle, suggesting a possible market top and subsequent correction. Instead, the absence of such a rally indicates that the next leg…
Historic shutdown nearing end as crypto industry anticipates policy momentum to resume Longest US Government Shutdown Poised to End After weeks of political gridlock, the longest U.S. government shutdown in history appears to be nearing an end. On Wednesday, the House of Representatives voted to pass a contentious funding bill, sending it to President Donald Trump’s desk for final approval. With 222 votes in favor and 209 against, the bill passed narrowly after intense debate between Democratic and Republican lawmakers. According to reports, Trump is expected to sign the measure Wednesday night during a private dinner with business leaders, officially…
Market pullback signals renewed selling pressure as traders eye critical support at $0.00001200 BONK Technical Analysis: Resistance Rejection Triggers Correction BONK (BONK/USDT) slipped 5% to $0.00001223 after facing a sharp rejection near the key resistance zone at $0.0000130, signaling renewed bearish sentiment in the meme coin’s short-term structure. According to TradingView data, the pullback was accompanied by a notable 50% surge in trading volume, suggesting aggressive profit-taking among traders after a brief recovery attempt. The daily chart shows BONK struggling to sustain momentum above the mid-range consolidation zone. The asset has been repeatedly rejected from the supply area between $0.0000128…