Trump Media Moves 2,650 BTC to Crypto.com as Holdings Decline
Trump Media moved 2,650 BTC to Crypto.com, marking its second major Bitcoin transfer this year. The company’s remaining holdings now stand at about 6,889 BTC.
Polymarket Exploit Exceeds $520,000 as DeFi Hacks Rise in May
An apparent exploit of Polymarket’s UMA CTF Adapter has resulted in losses exceeding $520,000. The incident comes as DeFi records 19 hacks in May totaling $38.2 million.
ERA Wallet Adds On-Device Clear Signing to Address DeFi Blind Signing
ERA Wallet introduces an on-device transaction parsing engine as the Ethereum Foundation launches a Clear Signing standard to address blind signing risks in DeFi.
Kraken Secures Dubai VARA Approval, Expands UAE Presence
Kraken has obtained preliminary approval from Dubai’s VARA to offer trading and institutional services. The move places it alongside Binance, OKX, and Crypto.com in the UAE market.
Federal Reserve Proposes Payment Account for Eligible Crypto Firms
The Federal Reserve has proposed a new payment account that could allow eligible crypto firms to access its clearing and settlement systems. A 60-day comment period is now open.
Crypto Wallets Move Behind the Scenes as Apps and AI Take Over
Crypto executives say wallets are becoming less visible as exchanges, payment apps, and AI interfaces handle user interactions. Custody and transaction control remain central.
Legal | News | Regulation
Missouri Sues CoinFlip Over Alleged Fraud at Crypto ATMs
Missouri has filed a lawsuit against CoinFlip, alleging the crypto ATM operator facilitated fraudulent transactions. The state is seeking penalties and a potential ban on its operations.
News | Regulation | Security
1 Quadrillion MAPO Minted in Bridge Exploit, Token Drops 30%
A vulnerability in MAP Protocol’s Butter Bridge allowed attackers to mint 1 quadrillion MAPO tokens. The incident led to a near 30% price drop and liquidity losses.
Crypto-Backed Lending Advances While Mortgages Face Barriers
Stablecoins anchor crypto payments, while collateral-based lending gains attention. Mortgages require stronger custody, valuation, and risk standards.
GitHub Internal Breach Prompts Crypto API Key Rotation Warnings
GitHub confirmed that a malicious VS Code extension led to access to around 3,800 internal repositories. Crypto developers have been urged to rotate API keys as a precaution.