Author: boss

Solv ditches LayerZero for Chainlink to protect tokenized Bitcoin

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Solv Protocol said it will move more than $700 million in tokenized Bitcoin assets to Chainlink CCIP.  Summary Solv is moving $700M+ tokenized Bitcoin to Chainlink CCIP after reviewing bridge security risks carefully. Kelp DAO’s rsETH exploit pushed more protocols to question LayerZero-linked single-verifier bridge setups in DeFi. Aave’s recovery process continued as liquidations cleared attacker positions, but frozen Ether remains disputed legally. The migration covers SolvBTC and xSolvBTC, which Solv uses across its Bitcoin finance products. The protocol said the decision followed an updated review of cross-chain systems and…

Chaos Labs Rotates Keys After Suspected Nation-State Crypto Attack

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Crypto risk management and infrastructure provider Chaos Labs said its Chaos Oracle Network, which provides data feeds to blockchain applications, was not compromised after a hacking attempt over the weekend by a potential “nation-state.” Chaos Labs founder Omer Goldberg said in an X post Thursday that the company identified an attack over the weekend, possibly by a “nation state,” and immediately moved to a full lockdown.  “The surface area was strictly contained to operational wallets we use for routine onchain operations. At no point was the Chaos Oracle Network breached…

DeFi Platform Hit By $6.7M Hack As 2026 Exploits Surge

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Another multi-million-dollar attack has hit the DeFi sector after liquidity provider and market maker TrustedVolumes fell victim to a smart contract exploit on Thursday night. Related Reading TrustedVolumes Hit By $6.7M Hack On Thursday, DeFi platform TrustedVolumes, one of 1inch liquidity providers and market makers, suffered a new exploit that drained millions of dollars in multiple assets from the project. According to reports from blockchain security firms PeckShield and Blockaid, the attacker stole approximately $6 million in Wrapped Ethereum (WETH), Wrapped Bitcoin (WBTC), USDT, and USDT after exploiting a vulnerability…

Bitcoin Found Support Where Recent Buyers Can’t Afford to Lose: Discover the Mechanics

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Bitcoin is trading above $80,000 as the market prepares for what is shaping up to be a decisive directional move. The recovery from the recent correction has been meaningful — but a CryptoQuant report has identified the specific mechanism that prevented the decline from becoming considerably worse, and understanding it changes how the current price level should be read. Related Reading The report examines the realized prices of different whale cohorts — the average cost basis of large Bitcoin holders segmented by how recently they have been active. When the…

Hyperliquid Q1 Report—The ‘House Of All Finance’ Is Nearer Than Ever, Here’s Why

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On Thursday, the Hyperliquid Research Collective (HRC) released the first-quarter (Q1) blockchain report on Hyperliquid (HYPE). The report highlights strong progress in several core areas, as well as weaker performance in others.  The document also points to a broader narrative for the platform, arguing that Q1 brought Hyperliquid closer to its “House of All Finance” vision—even as wider market conditions made the quarter tough by historical standards. Hyperliquid Records 70% Outperformance Vs Bitcoin According to the report, Hyperliquid generated $215 million in gross revenue during Q1. That figure was paired…

Block Shares Jump on Strong Quarter Despite Bitcoin Dip

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Jack Dorsey’s payments firm Block rose 7.9% in after-hours trading as its Q1 earnings surpassed analyst estimates, despite posting its first loss in three years. Block’s Q1 earnings came in at 85 cents per share, beating the Zacks consensus estimate of 68 cents per share. Investors responded positively, driving Block shares to $75.70 after hours, Google Finance data shows. “This quarterly report represents an earnings surprise of +25.68%,” said Zacks Equity Research on Thursday. “Over the last four quarters, the company has surpassed consensus EPS estimates two times.” Expanding Bitcoin’s…

Last Time Was November 2021

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XRP is trading above $1.41 as the market enters what feels like a decisive phase — a consolidation that has been building long enough that the next directional move is increasingly difficult to delay. The price is constructive, and an Arab Chain report tracking whale behavior on Binance has just identified a shift in large holder activity that adds a specific structural dimension to the current setup. Related Reading The report begins with the March picture, which serves as the alarming baseline. At the beginning of March, 30-day cumulative whale…

Bitcoin Must Hold $88.88K to Confirm a BTC Bottom, Analysis

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Key Takeaways $88.88K was identified as the first major resistance level above the current bitcoin price. Underwater holder cohorts could increase sell pressure as BTC approaches key realized price bands. Sustained acceptance above $88.88K would place the most recent holder cohort back into profit. Bitcoin UTXO Age Bands Show What Could Confirm a BTC Bottom Cryptoquant, an on-chain and market data analytics firm, shared analysis on X on May 7, outlining the price levels bitcoin may need to reclaim before traders can confirm a market bottom. BTC traded near $80,874…

The Crypto Industry Is Dying, That Is A Good Thing: Pompliano

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Anthony Pompliano says most of the crypto industry is already dead and that the market has not fully admitted it yet. In a May 6 video posted on X, the Bitcoin investor and commentator argued that the sector’s long tail of unused chains, illiquid tokens and speculative projects is being cleared out as the parts with real utility merge into the broader financial system. Pompliano said the reaction to his initial post on X was immediate and hostile. He had written that “most of the crypto industry is dead and…

XRP Market Controlled By Whales? Dominance Hits 91% On Binance

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…