The crypto industry continues to face mounting security threats, with Cork Protocol becoming the latest victim of a smart contract exploit that drained approximately $12 million in digital assets. The attack occurred on May 28, 2025, and prompted the immediate suspension of all smart contracts on the platform. Details of the Hack According to cybersecurity firm Cyvers, the exploit occurred at 11:23:19 UTC, funded by a wallet ending in “762B.” The attacker successfully stole: “We are investigating a potential exploit on Cork Protocol and are pausing all contracts,” said co-founder Phil Fogel in a post on X. The stolen funds…
Author: Blockto Team
Bitcoin (BTC) continues its downward slide, dipping below $108,000 as investor optimism over near-term U.S. interest rate cuts weakens. With macroeconomic uncertainty rising and a lack of fresh bullish catalysts, crypto markets remain cautious. BTC Price Decline Amid Fed Uncertainty As of May 28, Bitcoin traded at $107,189, hitting multiday lows, according to Cointelegraph Markets Pro and TradingView. The decline comes as markets digest the latest signals from the U.S. Federal Reserve. “Markets now expect the first rate cut no earlier than September 2025,” per the CME FedWatch Tool. This shift in sentiment is pressuring risk assets like cryptocurrencies, which…
eToro (ETOR) has significantly expanded its U.S. cryptocurrency offerings, adding 12 new tokens including Dogecoin (DOGE), XRP, and Shiba Inu (SHIB), just weeks after going public on the Nasdaq. The additions mark a major step forward in the company’s efforts to capture more of the U.S. retail trading market, directly challenging incumbents like Coinbase and Robinhood. Key Highlights IPO Success Fuels Expansion Strategy eToro’s expansion comes on the heels of its successful Nasdaq IPO under ticker “ETOR”, where the company raised $310 million. Despite macroeconomic headwinds, shares have held firm, currently trading around $64.15, well above the IPO price of…
Toncoin (TON), the native cryptocurrency of Telegram’s blockchain ecosystem, posted a powerful breakout on May 28 following the announcement that former Visa executive Nikola Plecas has joined the TON Foundation as Vice President of Payments. Plecas is expected to lead the strategic development of TON’s payment infrastructure, a move that has sparked strong bullish sentiment across the market. TON Price Jumps Nearly 10% on Heavy Volume According to CoinDesk Research’s technical analysis model, TON jumped from $3.00 to $3.27, registering a 24-hour range of 9.7%. The token exhibited exceptional buying momentum, highlighted by: Technical charts show support forming at $2.97-$2.98,…
NFTs are showing signs of life in 2025, with May marking the first monthly sales increase this year after five consecutive months of decline. According to new data from CryptoSlam, NFT sales rose to $430 million, up 15% from April’s $373 million, suggesting renewed market interest in digital collectibles. NFT Buyer Surge Signals Demand Rebound One of the most striking data points: unique NFT buyers surged by 50% in May, jumping to 936,000 from 622,000 the previous month. This represents the highest number of NFT buyers since October 2024, and underscores growing retail investor engagement. In contrast, NFT sellers dropped…
Shiba Inu (SHIB) is facing increasing bearish pressure after failing to break through key resistance at $0.00001470, with large holder activity and liquidity drying up. However, analysts maintain a cautiously bullish long-term view, citing Shibarium growth and aggressive token burn strategies. Whale Activity Nosedives, Liquidity Shrinks Recent on-chain data reveals a dramatic decline in SHIB whale activity: According to CoinDesk Research’s technical model, bearish momentum has strengthened amid global economic uncertainty, with SHIB forming lower highs since recent peaks. Technical Analysis: Bearish Near-Term, Bullish Signs Emerging Over the past 24 hours, SHIB has traded between $0.00001425 and $0.00001469, a 3%…
At Bitcoin 2025 in Las Vegas, White House crypto czar David Sacks revealed that the U.S. government could expand its Strategic Bitcoin Reserve—without adding debt or raising taxes. Sacks spoke during a fireside chat with Gemini co-founders Cameron and Tyler Winklevoss, outlining how the Trump administration could acquire additional BTC through budget-neutral strategies. Strategic Bitcoin Reserve Could Grow Beyond 200,000 BTC President Trump’s March 6 executive order created the U.S. Strategic Bitcoin Reserve, built from approximately 200,000 BTC ($22 billion) seized in criminal or civil cases. Some of that total still needs to be returned to victims, but the reserve…
The Australian Securities and Investments Commission (ASIC) has launched civil proceedings against Allan Guo, the former director of the now-defunct crypto firm Blockchain Global, over alleged misuse of customer funds tied to its crypto trading platform, ACX Exchange. Regulatory Action Years After Exchange’s Collapse The legal case, announced Wednesday, comes nearly five years after ACX Exchange shut down in December 2019, leaving thousands of users unable to withdraw their crypto or fiat balances. ASIC is alleging that Guo: “ASIC’s allegations against Mr Guo relate to his dealings with ACX Exchange customer funds, statements made about those dealings and obligations to…
In a major strategic shift, GameStop has officially confirmed the purchase of 4,710 Bitcoin, marking its first major foray into cryptocurrency. The announcement was made via the company’s official X (formerly Twitter) account on May 28, following weeks of speculation about the retailer’s alternative investment strategy. GameStop Invests Over $500 Million in BTC Although GameStop did not disclose the exact purchase date or price, the 4,710 BTC would be worth approximately $513 million based on current market prices with Bitcoin trading at $109,019. “This is GameStop’s first publicly acknowledged Bitcoin acquisition,” the company stated, aligning with its March 2024 announcement…
While Bitcoin (BTC) recently surged past $110,000, a growing number of institutional investors appear to favor Ethereum (ETH) in the near term. Despite ETH being down 20% in 2024, three strong market indicators suggest big money is shifting bullish sentiment toward ether. 1. Deribit Options Reveal Stronger Bullish Bias for Ether Data from Deribit, the largest crypto options exchange, shows that ETH call options are priced higher than BTC calls, according to the 25-delta risk reversals. Risk reversals measure sentiment by comparing implied volatility in calls vs. puts. A positive value indicates bullish demand. Currently, both ETH and BTC exhibit…