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A six-month intelligence operation preceded the $270 million exploit of Drift Protocol and was carried out by a North Korean state-affiliated group, according to a detailed incident update published by the team earlier on Sunday.The attackers first made contact around fall 2025 at a major crypto conference, presenting themselves as a quantitative trading firm looking to integrate with Drift. They were technically fluent, had verifiable professional backgrounds, and understood how the protocol operated, Drift said. A Telegram group was established and what followed were months of substantive conversations around trading strategies and vault integrations, interactions that are standard for how…

Crypto markets, especially altcoins, could react fast once the Middle East war reaches a turning point, said the AI. Over a month has passed since the initial strikes against Iran took place on February 28, and the war scene in the Middle East has been rather controversial, to say the least. Trump has remained very vocal on the topic, but many of his statements have contradicted each other. Some examples include stating after the first several days that there are no targets left in Iran to hit, while most recently, he outlined over 3,000 such possible sights that remain. He also said initially…

Iran has established what amounts to a formalized toll system at the Strait of Hormuz, accepting Chinese yuan and crypto – specifically stablecoins pegged to fiat currencies – as payment for naval escort through the waterway, according to a Bloomberg report published April 1. The system, administered through an Islamic Revolutionary Guard Corps-linked intermediary, assigns each nation a friendliness ranking of one to five and requires vessel operators to submit documentation for geopolitical vetting before receiving a VHF-broadcast passcode and IRGC Navy escort. At least two vessels have already paid in yuan, with oil tanker fees reportedly opening at $1…

Yesterday was a lot.If you caught our ETH trade blog, you already know we were watching the market closely. We went long on both BTC and ETH — and closed our positions before Trump’s speech about the Iran situation. Hope you saw our tweet in time. Prices dropped pretty steeply right after he started talking. That’s the kind of macro risk that can erase a solid setup in minutes.But the Trump speech wasn’t the only thing shaking the market yesterday. While all eyes were on geopolitics, one of Solana’s biggest DeFi protocols was getting drained. $285 million. Gone. In about…

The two things most cryptocurrency investors are pondering are how much lower can bitcoin BTC$65,984.09 go and how much longer this bear market could last. The price pain aspect has been discussed widely, but the time-based dimension is another question in itself. Price pain refers to sharp drawdowns or volatility that force participants out of positions, while time pain reflects slow, range-bound conditions that exhaust both bulls and bears through lack of direction.Bitcoin is currently trading below $66,000, down over 3% in the past 24 hours and roughly 45% below its October all-time high, an almost six-month bear market. One…

Coinbase’s AI-focused payment protocol x402 is moving toward becoming an open, standardized infrastructure under the Linux Foundation, the non-profit hub for open-source software development. The move aims to create a community-governed ecosystem for high-frequency, micro transactions that legacy finance can’t efficiently handle.The protocol has formed an initial governing body, the x402 Foundation, that includes internet services firm Cloudflare and payments giant Stripe, with support from a long list of other big players.The industry interest in X402 comes as AI-driven commerce expands. Especially, so-called agentic payments, executed autonomously by AI agents, is a hot topic particularly within certain areas of the…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 1875.68, down 4.5% (-88.38) since 4 p.m. ET on Wednesday.None of the 20 assets are trading higher.Leaders: CRO (-2.5%) and BCH (-3.0%).Laggards: UNI (-7.7%) and SOL (-6.9%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Prediction market Polymarket’s recent fee expansion has started to affect its numbers, with daily fees and revenue climbing sharply in the days following a March 30 price overhaul. According to DefiLlama data, daily fees rose from about $363,000 on Monday to over $1 million on both Wednesday and Thursday, while revenue (the portion retained after incentives) reached as high as $995,000 on Wednesday before easing to about $899,000 on Thursday. Polymarket fees and revenue data since March. Source: DefiLlamaThe jump follows the rollout of a broader fee model on Monday, when the platform expanded taker fees beyond crypto and sports to categories…

SoFi said Thursday it is launching a new business banking platform designed to let companies handle both traditional money and crypto in one place, as it pushes deeper into digital assets.The service, called SoFi Big Business Banking, allows firms to hold U.S. dollars, convert them into stablecoins and move funds around the clock, all within SoFi’s regulated bank.Today, companies operating in crypto often rely on a patchwork of providers: a bank for cash, a separate firm for stablecoins and another for custody. Moving money between them can take hours or days. SoFi said it is trying to simplify that.“To be…

The MSTR stock price is up at the market open today, rebounding from last week’s lows. This comes amid Michael Saylor Strategy’s announcement that it did not buy any Bitcoin last week, ending a weekly streak that dates back to November last year. MSTR Stock Price Rebounds From Last Week’s Lows The crypto stock is up over 3% today, rebounding from last week’s close of around $122, according to TradingView data. MSTR is currently trading at around $128 and had climbed to as high as $130 at the market open this morning. Source: TradingView; MSTR Daily Chart The MSTR stock…