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Bitcoin's supply in profit has dropped significantly, nearing levels typically associated with a "true bear market." Currently, only about 50% of Bitcoin addresses are in profit, a stark contrast to the 90% seen during market peaks. This decline indicates that many investors are facing losses, which
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In the first quarter of 2023, hackers stole $169 million from 34 decentralized finance (DeFi) protocols, according to a report by DefiLlama. This marks a significant increase in thefts compared to previous quarters, highlighting ongoing security vulnerabilities in the DeFi space. The report indicates that the majority of the stolen
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South Korean brokerage Korea Investment & Securities is reportedly interested in acquiring a stake in the cryptocurrency exchange Coinone. This move comes as the firm seeks to expand its presence in the digital asset market amid growing interest in cryptocurrencies. Coinone is one of South Korea's largest exchanges,
China
The release of a key crypto market structure bill has been delayed as industry stakeholders assess a revised compromise on stablecoin yields. This adjustment aims to address concerns from various parties involved in the crypto sector. The discussions are crucial for establishing regulatory clarity around stablecoins, which have gained significant
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Circle, the issuer of the USDC stablecoin, has introduced a new token designed to enhance the utility of Bitcoin. This initiative aims to enable Bitcoin holders to leverage their assets more effectively within the digital economy. The new token will facilitate various financial services, including lending and yield generation, thereby
China
Todd Blanche, the author of a significant Department of Justice (DOJ) memo on cryptocurrency enforcement, has been appointed as the interim Attorney General. His appointment comes amid increasing scrutiny and regulation of the crypto industry by federal authorities. Blanche's expertise in crypto enforcement is expected to influence the
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Naoris has launched a post-quantum blockchain aimed at addressing potential threats posed by quantum computing to existing cryptocurrencies like Bitcoin and Ethereum. The new blockchain is designed to enhance security and ensure resilience against future quantum attacks. As concerns grow about the vulnerability of current blockchain technologies, developers in the
China
Bitcoin is entering the holiday weekend with reduced trading activity as both ETF and CME flows are set to go offline. This situation could lead to increased volatility in the market, as liquidity may decrease during the holiday period. Analysts are closely monitoring the impact of these developments on Bitcoin&
China
Google researchers have identified various methods that hackers can use to manipulate and hijack AI agents. Their findings reveal vulnerabilities in AI systems that can be exploited through techniques such as data poisoning, adversarial attacks, and model inversion. The researchers emphasize the importance of securing AI technologies to prevent malicious
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Circle is set to launch cirBTC, a wrapped Bitcoin product, aiming to compete with established players like BitGo and Coinbase. This new offering will allow users to leverage Bitcoin within the Circle ecosystem, enhancing its DeFi capabilities. The move is part of Circle's broader strategy to expand its
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In February, stablecoins surpassed the volume of automated clearing house (ACH) transactions, marking a significant shift in the financial landscape. The total volume of stablecoin transactions reached approximately $1 trillion, while ACH transactions totaled around $900 billion. This trend highlights the growing adoption of stablecoins for various financial activities, including
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The International Monetary Fund (IMF) has highlighted that while tokenization can enhance the efficiency of financial systems, it also brings significant risks. Tokenization refers to the process of converting rights to an asset into a digital token on a blockchain. The IMF warns that these risks include potential financial instability,