In a major blow to DeFi stability, stablecoin protocol Resupply has suffered a $9.5 million exploit, according to blockchain security analysts. The attack targeted the protocol’s smart contract logic and involved manipulating token exchange rates through artificially inflated asset prices. How the Exploit Happened The attack focused on cvcrvUSD, a wrapped version of Curve USD (crvUSD) staked in Convex Finance. The attacker exploited cvcrvUSD’s price feed by sending ‘donations’ that inflated its share price, tricking the Resupply smart contract into miscalculating its true value. At the center of the exploit was the ResupplyPair contract (CurveLend: crvUSD/wstUSR), which used the manipulated…
Author: Blockto Team
Bit Digital (BTBT) shares fell nearly 4% on Wednesday after the company announced a major shift away from Bitcoin mining to fully embrace Ethereum staking and treasury accumulation. This strategic pivot marks a bold new direction for the publicly listed crypto firm, raising eyebrows among investors. From Bitcoin Mining to Ethereum Staking In a press release, Bit Digital said it would wind down or sell off its existing Bitcoin (BTC) mining operations and use the proceeds to buy more Ether (ETH). Additionally, the company plans to gradually convert its entire BTC holdings into ETH, though no firm timeline has been…
Bitcoin (BTC) is back near the $108,000 mark, fully recovering from last week’s dip below six figures. Renewed optimism around potential Federal Reserve rate cuts and strong inflows from both retail and institutional investors are fueling bullish momentum across the digital asset sector. Key Drivers Behind Bitcoin’s Recovery Bitcoin’s recent rebound is powered by two key macroeconomic developments: “Crypto will continue its bullish trend,” said Nick Ruck of LVRG Research. “Institutional purchases are picking up, and Powell’s comments have flipped investor sentiment quickly.” Technical Outlook Turns Bullish At press time, BTC trades at $107,765, up 1.6% in 24 hours. The…
Prediction market platform Kalshi has reportedly secured $185 million in a new funding round, boosting its valuation to $2 billion, according to sources familiar with the deal. The round was led by Paradigm, with participation from Sequoia Capital, Multicoin Capital, and other prominent investors—highlighting the growing investor confidence in the future of decentralized forecasting platforms. A Regulated Player in a Rapidly Expanding Market Kalshi, launched in 2018 by Tarek Mansour and Luana Lopes Lara, operates under the oversight of U.S. regulators, setting it apart from its largest competitor, Polymarket, which remains unregulated domestically. Kalshi is federally regulated and legally authorized…
Cosmos (ATOM) surged 3.6% in the past 24 hours, driven by strong volume activity and increased institutional interest beyond Bitcoin. The token’s price action between June 24 and 25 has sparked optimism among traders as it formed a potential bullish reversal pattern near key support zones. Institutional Interest Expands Beyond Bitcoin The broader cryptocurrency market is witnessing a notable shift as institutions diversify their strategies beyond BTC. Notably, Nano Labs’ latest investment moves highlight growing interest in altcoins like ATOM, signaling potential capital inflows into lesser-known but fundamentally strong ecosystems. This shift is viewed as a strategic diversification effort aimed…
Wyoming Senator Cynthia Lummis has announced her goal of passing two major cryptocurrency bills—the CLARITY Act and the GENIUS Act—by the end of 2026. Speaking at the Bitcoin Policy Summit in Washington, D.C., Lummis emphasized bipartisan cooperation as key to establishing a clear legal foundation for the digital asset ecosystem. Crypto Bills in Focus: CLARITY and GENIUS The proposed legislation includes: “I would be extremely disappointed if both bills weren’t passed by the end of 2026,” Lummis said, reinforcing her commitment to digital asset policy reform. Bipartisan Dynamics and Challenges Lummis, who chairs the Senate Banking Committee’s digital asset subcommittee,…
Tether CEO Paolo Ardoino envisions a future where AI agents dominate digital transactions—and their preferred currencies will be Bitcoin and USDT. Speaking on The Block’s Big Brain podcast, Ardoino projected that within 15 years, there will be over one trillion autonomous AI agents, each equipped with self-custodial wallets and powered by blockchain-based assets. Machine-to-Machine Economy Will Need Crypto Ardoino explained that **AI agents—autonomous bots interacting without human input—**are poised to reshape global commerce. As these agents evolve, they will require secure, fast, and decentralized means of transaction. Traditional banking systems, he said, won’t be compatible. “I don’t think JPMorgan will…
A targeted operation by Australian federal police (AFP) has uncovered widespread abuse of crypto ATMs, with authorities contacting over 90 individuals as part of a crackdown on scams and illegal transactions. Among the most heartbreaking cases is that of a 77-year-old widow, who lost AU$433,000 (US$281,947) to a long-running online romance scam. Widow Duped by Fake Romance and Bitcoin Profits According to AUSTRAC, Australia’s financial intelligence agency, the widow believed she was in a relationship with a Belgian man she met on a dating app. Over two years, he convinced her to invest in Bitcoin (BTC), showing fake earnings documents…
Bitdeer Secures $330 Million in Strategic Convertible Debt Deal Bitdeer Technologies (BTDR) has successfully completed a $330 million private placement of convertible senior notes due July 1, 2031. The notes carry an annual interest rate of 4.875% and a conversion price of $15.87 per share, representing a 44% premium over Bitdeer’s current market price of around $11. The structure allows noteholders to convert debt into equity at a favorable rate if BTDR shares rise, providing upside exposure while the company locks in long-term capital at relatively low cost. Conversion Strategy Includes Smart Hedging via Call Option To manage potential dilution…
SoFi Reinvents Cross-Border Payments With Blockchain and Stablecoins Fintech giant SoFi (SOFI) has announced plans to launch international remittance services using blockchain networks and stablecoins, marking a major step forward in its digital asset strategy. The move promises to offer 24/7 cross-border transfers that are faster, cheaper, and more accessible than traditional banking methods. Users will be able to send U.S. dollars or supported stablecoins abroad, with well-known blockchain platforms facilitating the transactions. Recipients can receive funds quickly, converted to local currencies, and deposited into their accounts with minimal delay. SoFi expects this model to significantly reduce costs compared to…