Author: boss

Kelp DAO Fallout Pushes Solv, DeFi Protocols Toward Chainlink

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Decentralized finance protocols are reevaluating their blockchain oracle providers’ security after the fallout from the $293 million Kelp DAO exploit last month. Several protocols have announced migrations to Chainlink infrastructure in recent days, citing security concerns around third-party oracle and bridge providers. On Thursday, Bitcoin DeFi platform Solv Protocol announced it would migrate to Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and replace LayerZero bridges, citing an “extensive security review” concluding that CCIP provided the “strongest security assurances.”  A day earlier, liquidity protocol Tydro also said it was moving to Chainlink after…

XRP ‘probably going to $12,’ Bitcoin ETFs add $1B: Market Moves

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Bitmine’s Tom Lee says ‘crypto spring’ has already begun Bitmine Immersion Technologies chairman Tom Lee said the cryptocurrency market may already be entering the early stages of a rebound. In a note on Monday, Lee said that, similar to previous cycles, investor sentiment has been muted despite strengthening crypto prices.  “Crypto spring, in our view, has commenced and like past cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen. We believe the potential passage, or even failure, of the CLARITY Act confirms the arrival of…

Crypto Wrench Attacks in Europe Spike as Losses Reach $101M

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Estimated losses from global crypto wrench attacks reached $101 million in the first four months of 2026, with most attacks occurring in Europe, according to Web3 security company CertiK. With just 34 documented crypto wrench attacks, the losses have nearly doubled those of 2025, which came in at $52.2 million. Europe accounted for 82% of incidents, according to CertiK. “Our 2025 report documented a gradual tilt from Asia and North America toward Europe, and these first four months of 2026 mark a European hyper-concentration.” The frequency of wrench attacks has…

Australian Police Seize $4.1M of Bitcoin in Major Darknet Bust

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Cybercrime detectives in Australia seized 52 Bitcoin valued at 5.7 million Australian dollars ($4.1 million) in what they said is one of Australia’s largest crackdowns on an illegal darknet marketplace using cryptocurrency.  Strike Force Andalusia, a division of the State Crime Command’s Cyber Crime Squad, said they seized $4.1 million worth of cryptocurrency and arrested two suspects related to a darknet marketplace operating from Ingleburn in Sydney following a 15-month investigation, the New South Wales Police Force said Wednesday. Police said two men, aged 41 and 39, allegedly had access…

How AI Became Crypto’s Favorite Reason to Cut Staff

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Coinbase became the latest crypto company to cut its workforce on Tuesday, as a wave of layoffs sweeps through an industry navigating a down market and the pressure to embrace AI. CEO Brian Armstrong said the company is using AI to flatten its organizational structure, with managers expected to act more like “player-coaches.” “AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of…

Australian police seize $4.1 million in Bitcoin in major dark web crackdown

boss

Crypto‑forensics-led NSW raid seizes 52.3 BTC as AUSTRAC’s 2026 rules tighten the noose on darknet‑linked exchanges and weakly regulated VASPs. Summary New South Wales police seized 52.3 BTC worth about $5.7 million AUD ($4.1 million) in one of Australia’s largest dark web‑linked crypto busts. Two men were arrested after a 15‑month Strike Force Andalusia investigation into an alleged darknet marketplace dealing in drugs and weapons. The seizure comes as AUSTRAC rolls out tougher AML rules for virtual asset service providers, including mandatory travel rule compliance from July 1, 2026. New…

Lagarde Says Stablecoins Will Not Strengthen Euro’s Global Role

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European Central Bank (ECB) President Christine Lagarde said stablecoins are not Europe’s best route to strengthening the euro’s international role, pushing back against calls to respond to US dollar-backed stablecoins with euro-denominated tokens. Speaking on Friday at the Banco de España LatAm Economic Forum in Roda de Bará, Spain, Lagarde made several comments on the role of stablecoins in the European economy. “It is no longer about whether stablecoins should exist, but whether jurisdictions can afford to be without them,” she said, arguing that the case for promoting euro stablecoins…

BTC Flash Crash Alerts Hit Revolut as Users Report Crypto Price Glitches

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Revolut users reported that the app briefly displayed Bitcoin prices plunging to around $39,900 on Friday, while some traders also received notifications suggesting extreme price moves, including that BTC had reached a 52-week low of 2 cents. Users further reported on X apparent simultaneous price drops across multiple cryptocurrencies, including XRP and Solana (SOL), as well as stablecoins such as USDt (USDT) and USDC (USDC). The anomalies, which quickly reversed, appear to have been confined to the Revolut app, with no matching price dislocation visible across aggregated multi-exchange data or…

Ethereum To $10k? Analyst Says ETH Must Clear This Level First

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Ethereum’s latest rebound has brought the $10,000 bull-market debate back into focus, but crypto analyst Kevin (Kev Capital TA) says ETH has not yet confirmed a higher-timeframe trend reversal. In a May 7 market update, the analyst argued that Ethereum remains trapped below major resistance until it can reclaim the $2,800 area and prove the move with a successful retest. The core of Kevin’s argument is simple: ETH has rallied from its local low near $1,700, but the move still resembles a counter-trend bounce rather than the beginning of a…