GeneralBeginnerThe Cetus decentralized exchange suffered a $223 million loss due to a vulnerability in its automated market maker (AMM) protocol. Blockchain security firm Dedaub’s post-mortem report revealed that the exploit stemmed from a flaw in the most significant bits (MSB) check within the AMM’s code. This…
#crime#defi#hackers
GeneralBeginnerA cybersecurity firm, Moonlock, has issued a warning about a new wave of cyberattacks targeting macOS users who manage their cryptocurrency with Ledger Live. Hackers are deploying fake versions of the Ledger Live app, using malware designed to steal users’ seed phrases and drain their wallets. The…
#crypto#ledger#phishing-attack
GeneralBeginnerAnthropic’s recent launch of its most advanced AI models, Claude Opus 4 and Claude Sonnet 4, has been overshadowed by concerns over their behavior in testing environments. While the company touts these models as significant advancements in AI capabilities, including superior coding proficiency and…
#ai#anthropic#chatgpt
SuiBeginnerDeLorean, the legendary automaker synonymous with the ‘Back to the Future’ franchise, is steering into the digital age by integrating blockchain technology into its vehicle reservation system. In collaboration with Otherlife, a Web3 creative agency acquired by MoonPay, DeLorean has launched an…
#assets#crypto#nfts
SuiBeginnerCetus, a decentralized crypto exchange (DEX) built on the Sui blockchain, announced that it has managed to freeze $162 million out of the over $220 million stolen during a hack on May 22. The Cetus team is collaborating with the Sui Foundation and other ecosystem partners to attempt and retrieve…
#hackers#security#smart-contracts
GeneralBeginnerThe US Securities and Exchange Commission (SEC) recently clarified that federal securities rules are unlikely to apply to many non-fungible tokens (NFTs), including those that pay royalties to inventors. In a recent speech, Peirce said that just because an NFT includes a feature allowing artists…
#law#nfts#sec
GeneralBeginnerMicrosoft announced that it had successfully stopped the operation of the infamous Lumma Stealer malware. The tech giant revealed in a May 21 blog post that a federal court in Georgia authorized its Digital Crimes Unit to take legal action, resulting in the takedown or suspension of nearly 2,300…
#microsoft
GeneralBeginnerThe Australian Securities and Investment Commission (ASIC) intends to seek permission from the High Court to appeal a recent court decision that favored the fintech business Block Earner. The lower court determined that Block Earner’s crypto-linked fixed-yield product is not classified as a…
#australia#court
AvalancheBeginnerVanEck, a well-known worldwide asset management firm, wants to launch the VanEck Purpose Built Fund in June 2025, focusing on the Avalanche blockchain ecosystem. This private digital assets fund aims to invest in tokenized Web3 projects across sectors such as gaming, financial services, payments,…
#altcoin#crypto#defi
XRP LedgerBeginnerThe U.S. Securities and Exchange Commission (SEC) has once again postponed decisions on key cryptocurrency exchange-traded funds (ETFs), including Bitwise’s proposal to incorporate staking into its Ether ETF and Grayscale’s application for an XRP ETF. Announced on May 20, these delays were…
#crypto#etfs#sec
HederaBeginnerValidation Cloud has launched its Mavrik-1 AI engine on the Hedera network, with the goal of making decentralized finance (DeFi) data more accessible via natural language searches. This deployment addresses the challenge that, despite DeFi comprising over half of on-chain activity, its data…
#ai#defi#web3
BitcoinBeginnerNew York City Mayor Eric Adams has announced the formation of a digital advisory council aimed at positioning the city as the “crypto capital of the globe.” Speaking at the inaugural New York City Crypto Summit on May 20, Adams emphasized that the initiative is not about following fleeting trends…
#crypto#new-york#tokenization