A smart contract vulnerability has been identified as the root cause of a $26 million exploit at blockchain computation protocol Truebit, exposing ongoing security risks even for long-established crypto projects. The incident allowed an attacker to mint large quantities of TRU tokens at almost zero cost, leading to a 99% crash in the token’s market value. According to incident analysis the exploit stemmed from a critical integer overflow bug in Truebit’s token purchase contract. The contract was built using Solidity version 0.6.10, which lacked automatic overflow protection. As a result, when certain calculations exceeded the maximum value of uint256, the…
Author: Blockto Team
Italy’s financial markets regulator ESMA has issued a clear warning to crypto influencers and online financial promoters, reinforcing that European Union investment and advertising laws fully apply to digital assets and social media content. The notice follows the release of a new EU-level factsheet addressing the growing influence of so-called “finfluencers” in crypto markets. The guidance stresses that promoting crypto products is not the same as lifestyle advertising. Content involving volatile cryptocurrencies, derivatives, forex, or high-risk investment products can expose investors to losses of up to 100% of their capital. Importantly, individuals remain legally responsible for what they post, even…
Monero (XMR) has emerged as the clear leader in the privacy coin sector, pushing to a new all-time high near $688 on Jan. 13 and extending a poweerful short term uptrend. The move caps a 46% gain over the past seven days, lifting Monero’s market capitalization to around $12 billion and setting it apart from peers. While the broader crypto market showed weakness, XMR moved independently. The global crypto market cap slipped to $3.12 trillion, yet most major privacy-focused assets posted gains. Monero’s breakout has widened the gap with Zcash, which is down roughly 7% over the past 30 days…
A federal judge in Tennessee has temporarily halted state regulators from taking action against the prediction markets platform Kalshi. The ruling comes after Kalshi sued the state following orders to stop offering sports event contracts, citing federal jurisdiction over derivatives trading. In Monday’s order Judge Aleta Trauger granted Kalshi a preliminary injunction and temporary restraining order against the Tennessee Sports Wagering Council and the state attorney general. The judge noted that Kalshi “will suffer irreparable injury and loss” if regulators proceed, and stated the company is likely to succeed on the merits of its claims under federal law. The Tennessee…
A newly updated draft of the Digital Asset Market Clarity Act, often called the Senate CLARITY Act, introduces clearer rules around stablecoin reward programs in the United States. The proposal would allow crypto firms to offer activity-based rewards linked to how stablecoins are used, while drawing a firm line against interest paid simply for holding tokens. Under the revised language rewards tied to payments, transfers, remittances, and settlements are explicitly permitted. Incentives connected to the use of wallets, accounts, platforms, or blockchain networks are also allowed, along with loyalty programs, promotional rewards, subscriptions, and rebates. Importantly, the draft states that…
Global investment firm VanEck expects the first quarter of 2026 to mark a shift toward a more confident, risk-on environment for investors. According to the firm’s latest post, clearer fiscal conditions and reduced monetary uncertainty are creating a backdrop that favors higher-risk assets across global markets. VanEck highlighted that US fiscal conditions are gradually stabilizing, even though deficits remain elevated. Importantly, deficits are declining as a percentage of GDP compared with pandemic-era highs. This trend is helping anchor long-term interest rates and lower the risk of sudden market shocks, providing investors with a level of visibility that has been absent…
XRP edged higher to $2.06, sustaining support above $2.04 after a volatile trading session. The crypto market remains largely range-bound, with traders closely monitoring key technical levels amid limited catalysts. Despite brief buying pressure lifting XRP slightly, broader conviction remained mutedas the token struggled to break free from its multi-week consolidation. Resistance sits near $2.10 while support holds at $2.04, forming the current trading corridor. Bitcoin and Ethereum similarly faced momentum challenges, reinforcing a cautious environment across altcoins. No significant news or developments emerged to push XRP decisively higher. Background factors such as ETF flows institutional positioning, and network activity…
US Securities and Exchange Commission Chair Paul Atkins expressed strong optimism that the crypto market structure bill will reach President Trump’s desk this year. The legislation is designed to move digital asset markets out of a regulatory gray zone and establish clear oversight for both the SEC and CFTC. Atkins praised the bill as a key step in providing regulatory clarity for the domestic crypto sector, aligning with the administration’s goal of making the US a global crypto hub. He emphasized that clear rules will give investors and companies greater certainty in the marketplace, protecting against conflicting regulatory actions. The…
The debate over whether Bitcoin should be allowed in US retirement plans is heating up, as crypto asset managers and lawmakers take opposing positions. While regulators question the risks, industry leaders argue that concerns about volatility are overstated and inconsistent with how traditional assets are treated. Bitwise Chief Investment Officer Matt Hougan criticized the long-standing resistance to including Bitcoin in 401(k) plans, calling the opposition unfair and outdated. He argued that Bitcoin’s price swings are often highlighted while similar or greater volatility in individual stocks is ignored. Over the past year, Bitcoin experienced roughly a 65% price range, compared with…
Former New York City Mayor Eric Adams has unveiled a new cryptocurrency project just weeks after leaving office, introducing a city-branded memecoin called NYC Token. Adams says the token is intended to combat antisemitism and rising anti-American sentiment while promoting blockchain education and innovation tied to New York City. According to Adams proceeds from the token are expected to support non-profit organizations focused on education and awareness programs, as well as fund blockchain education initiatives and scholarships for students from underserved communities. He framed the project as a way to use emerging technology to address cultural and social challenges beyond…