
SecondFi Loses $2.4M in Cardano Wallet Exploit
SecondFi suffered a $2.4 million loss due to three attacks exploiting a flaw in its wallet software. The team managed to secure 129 million ADA before further damage could occur.
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SecondFi suffered a $2.4 million loss due to three attacks exploiting a flaw in its wallet software. The team managed to secure 129 million ADA before further damage could occur.

The Ethereum Foundation laid off 20% of its staff while a new spinoff group, EthLabs, launched this week. Many crypto leaders see these changes as a sign of Ethereum's growing maturity and decentralization.

Bitcoin ETP holdings are down 8% from their peak, the largest drawdown on record, according to Head of Research Vetle Lunde at K33. Rolling one-year flows have turned negative for the first time since 2023.

BlackRock, the world's largest asset manager, recommends a 1–2% Bitcoin allocation in diversified portfolios, arguing it can enhance returns while maintaining manageable risk.

DeFi Dev Corp has launched a new tool to automatically audit smart contracts for vulnerabilities. The tool is currently in beta and has already identified critical bugs in several popular DeFi projects.

The Trump administration is allocating significant resources to quantum security, which could help protect Bitcoin from future quantum computing threats. Millions of bitcoins with exposed public addresses are potentially at risk from quantum attacks.

SBI Group has introduced JPYSC, Japan’s first stablecoin backed by a trust bank. For now, it’s only available to SBI VC Trade account holders while regulators clarify its status.

Black Lake and Nuva Labs have successfully tokenized $25 million in mortgage loans on the Provenance Blockchain, marking a significant step in the real-world asset (RWA) space. This move aims to bring traditional financial instruments onto the blockchain for greater transparency and liquidity.

Ethereum's latest funding crisis has sparked a fierce debate over whether to tax staking rewards or to pursue funding from large ETH holders for new organizations like EthLabs. The proposal would have taken a cut from staking rewards to fund Ethereum's core development. However, major ETH holders have stepped in with alternative funding solutions, potentially making the tax unnecessary.

OpenPayd, a financial infrastructure provider, has obtained a MiCA license, allowing it to offer regulated crypto services in Europe. This move comes as stablecoin adoption continues to grow in the region, with OpenPayd supporting companies like Kraken.

South Korea's Financial Services Commission has placed token securities infrastructure within a wider capital-market modernization plan covering faster settlement, longer trading hours and digital transformation.

A notorious crypto trading bot known for front-running was tricked and drained of $7.5 million. The bot, named 'JaredFromSubway,' was exploited by an unknown attacker who manipulated the bot's trading logic. This incident highlights the vulnerabilities in automated trading systems and the importance of security in crypto transactions.

Bitcoin transactions have spiked to over 820,000 in a single day, the highest since 2024, driven by increased activity on the Rune protocol. This surge is also boosting transaction fees, benefiting miners and the network's security.

1. OVERNIGHT MOVES

The CBOE is reportedly exploring the conversion of its Bitcoin and Ethereum continuous futures into perpetual futures, following regulatory changes and competitors' moves. The shift could make crypto trading more accessible and flexible for traders, though the exchange has not made a final decision.

OG Bitcoin holders' spending dropped to a 19-month low, as market cycle indicators point to September as a potential market bottom.

BNY Mellon reports that asset managers are rushing to explore blockchain-based ETFs out of fear of missing the early-mover advantage in tokenized finance, a trend that could broaden access to such investments.

The European Securities and Markets Authority (ESMA) has ordered unlicensed crypto firms to stop serving EU clients and wind down operations. This move comes as the deadline for compliance with the Markets in Crypto-Assets (MiCA) regulation approaches on July 1, 2026.

Bull Bitcoin has obtained a MiCA license in France while maintaining full self-custody and privacy features. Founder Francis Pouliot announced the self-financed, three-year achievement, highlighting successful PASSI and DORA cybersecurity audits without outsourcing core infrastructure.

OKX Europe's CEO predicts 80% of exchanges won't survive the EU's MiCA regulation, with unlicensed firms forced to cease operations by July 1. This could significantly reduce the number of available exchanges for European users.

The Ethereum Foundation is reducing its budget by 40% and cutting staff by 20%, following the resignation of co-Executive Director Hsiao-Wei Wang. This marks the ninth senior departure since January, signaling significant changes within the organization.

Chainlink is working with 47 banks from South Korea and Europe on Project Pangea, an initiative to use stablecoins for near-instant settlement of multimillion-dollar currency trades between the two regions.

Allium, a blockchain data startup, secured $40 million in Series B funding to enhance its infrastructure for institutional clients like Visa and the Federal Reserve. This highlights growing interest in onchain analytics from traditional financial players.

The Bank of England has replaced individual holding caps with a £40 billion per-coin issuance limit for stablecoins. This change allows issuers to hold more reserves in government debt, potentially boosting stablecoin adoption in the UK.