Cross-chain stablecoin bridge, Allbridge Core, suffered a security exploit that resulted in losses of approximately $1.65 million, according to blockchain security firm PeckShield. The firm said the attacker has already bridged the stolen funds from Solana to Ethereum. Allbridge Responds Allbridge confirmed experiencing a security incident and that the protocol has been paused as a […]
ETH tapped a six-week high of $1,940 in late trading on Wednesday and has held on to those gains into Thursday morning, where it remained above $1,900. CryptoQuant analyst ‘Darkfost’ said on Thursday that the move was driven by positive inflation reports in the US, with CPI and PPI figures that came in well below […]
Robinhood Chain has generated $816,000 in gross revenue since launching on July 1, with 89% captured by Robinhood, 10% by Arbitrum as middleware, and only 0.15%, or $1,538, paid to Ethereum for settlement, which doesn’t sound great. Robinhood Chain is an EVM-compatible Arbitrum-based layer-2 network that uses ETH as its native gas token, but Ethereum […]
A Duke University finance professor, Campbell Harvey, has said that a 51% attack on Bitcoin, long dismissed as a theoretical exercise that would only destroy value for whoever tried it, has quietly become something an attacker could profit from because of today’s derivatives markets. However, many BTC supporters dismissed the claim made during the July […]
The organization behind the second-largest blockchain network revealed it had employed a coordinated army of AI agents to identify vulnerabilities in Ethereum’s critical infrastructure. The team said one major bug was successfully discovered and patched before it could become a larger problem. But that could be just the start of this major story. AI and […]
Ethereum (ETH) is trading at nearly 65% below its all-time high, with attention around the asset at an almost yearly low, even as its largest network upgrade since The Merge is due within weeks. But an analyst tracking the setup says the gap between weak social interest and steady on-chain usage is the kind of […]
“The Summer of Ethereum Love is gaining steam,” said co-founder Joseph Lubin on Wednesday. The Consensys exec said this was due to credibly neutral steward organizations like Ethlabs launching to accelerate ETH’s capabilities through parallel efforts beyond the embattled Ethereum Foundation. He highlighted Ethereum’s 11-year 100% uptime, censorship resistance, permissionlessness, and global neutrality as core […]
Charles Hoskinson has accused Ethereum of adopting ideas pioneered by Cardano without acknowledgment. The Cardano co-founder made the claim following a proposal by Ethereum researcher Toni Wahrstätter to bring native UTXOs to the network as a way of cutting long-term state storage for payment transactions. Ethereum Is Revisiting Cardano’s Work According to Hoskinson, Wahrstätter’s research […]
Ethereum Institutional was announced on Wednesday as a new independent non-profit to serve as a neutral front door for institutions navigating Ethereum, its layer-2s, tokenization, stablecoins, and on-chain markets. The new organization has been founded by the former Ethereum Foundation Enterprise team, David Walsh, Matthew Dawson, and Marius Smith, with funding coming from Bitmine, Sharplink, […]
The attacker behind the exploit of Ethereum MEV bot Jaredfromsubway has moved millions of dollars through Tornado Cash, despite a public offer to return half the stolen funds in exchange for a white-hat bounty. The transfer suggests that the attacker may have little interest in negotiating, even with the bot’s operator offering rewards and claiming […]