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LayerZero has placed responsibility for the $290 million Kelp DAO exploit on Kelp’s own security configuration, saying the liquid restaking protocol ran a single-verifier setup that LayerZero had previously warned against.The attack used a novel vector targeting the infrastructure layer rather than any protocol code. Attackers, whom LayerZero attributed with preliminary confidence to North Korea’s Lazarus Group and its TraderTraitor subunit, compromised two of the remote procedure call (RPC) nodes that LayerZero’s verifier relied on to confirm cross-chain transactions. RPC nodes are the servers that let software read and write data on a blockchain, and LayerZero’s verifier used a mix…

Make CryptoSlate preferred on Users paid $9.7 billion in on-chain fees in the first half of 2025, up 41% year over year and the second-highest total on record.1kx projects more than $32 billion in on-chain fees for 2026, driven by accelerating application growth. That growth has pushed the word “revenue” into every crypto investor pitch deck, every sector report, and every valuation conversation.The report added that a Bitcoin drawdown may stress-test protocol fees.1kx’s April sector analysis finds that nearly every crypto fee category shows a positive correlation with BTC price. There is also wide dispersion across sectors, and the critical…

Bitcoin is absorbing the return of Middle East risk better than oil or equities.Bitcoin traded at $74,335 on Monday morning, down 1.6% over 24 hours but still up 4.8% on the week after the U.S. Navy seized an Iranian ship over the weekend and Tehran reimposed controls on the Strait of Hormuz.Ether slipped 2.6% to $2,272, Solana fell 1.5% to $84, and BNB held flat at $618, with the broader top-10 showing red across the board but none of the moves breaching 3%.Brent crude jumped 5.7% to $95.50 a barrel, European natural gas futures surged as much as 11%, S&P…

Bitcoin erased its weekend gains as it fell below $74,000 on Sunday after the US military seized an Iranian cargo ship, putting pressure on a ceasefire between the two countries. Bitcoin (BTC) had soared above $78,300 late Friday on Coinbase, its highest price since early February, but dropped to between $75,000 and $76,000 over the weekend after Iran said it would close vital oil routes in the Strait of Hormuz.The cryptocurrency then sank sharply late on Sunday to briefly trade below $74,000 after the US military said it opened fire on, and later seized, an Iranian cargo ship it claimed tried…

Ethereum Name Service gateway eth.limo has revealed that the domain hijacking on Friday was caused by a social engineering attack directed against EasyDNS, its domain name service provider. According to a postmortem published by eth.limo on Saturday, an attacker impersonated one of its team members to initiate an account recovery process with easyDNS, granting access to the eth.limo account and allowing them to alter domain settings.“The NS records were changed and directed to Cloudflare… Once we understood that a DNS hijack had taken place, we immediately notified the community as well as Vitalik Buterin and others. We then began contacting EasyDNS…

Circle’s Jeremy Allaire thinks a yuan-backed stablecoin could show up in three to five years. He sees it as part of a bigger shift where currencies compete through technology, not just policy. The prediction is pretty much his read on where the industry is headed, not any official signal from Beijing. China banned crypto trading years ago and doesn’t seem interested in changing course. The government’s focus is the e-CNY, its central bank digital currency, which gives authorities direct control over digital payments. Yuan-linked stablecoins exist, but they’re issued outside China and face constant regulatory pressure. CNHC, AxCNH, and Tether’s…

The cryptocurrency market has entered a “sustained crypto winter,” according to CoinGecko, as spot trading volumes on centralized crypto exchanges rapidly fell over the first quarter of 2026.Crypto market capitalization fell by more than 20% during the first quarter as “bearish momentum from late 2025 collided with global geopolitical instability,” CoinGecko said in a report on Thursday.That caused the top 10 centralized exchanges by spot volume to record a 39% decrease in trading volume over the quarter ended in March, dropping to $2.7 trillion from $4.5 trillion in the fourth quarter of 2025.The drop comes as the crypto market has…

A Texas man found guilty of helping orchestrate a cryptocurrency scam project that defrauded $20 million from nearly 1,000 investors has been sentenced to 23 years behind bars by a US judge on Tuesday.US District Judge LaShonda Hunt sentenced Robert Dunlap, who served as a trustee of the project that sold the fictional token Meta-1 Coin, to prison and ordered him to pay restitution to victims of the fraud, according to the Illinois US Attorney’s office.Assistant US attorneys Jared Hasten and Paige Nutini said in the government’s sentencing memorandum that Dunlap was “unrepentant” and that his lies grew “over the…

The U.S. government is active on the blockchain again, moving approximately $606,000 worth of bitcoin BTC$74,786.02 to Coinbase Prime.These are not just any coins. On-chain data suggests the transferred 8 BTC are linked to Ilya Lichtenstein, the man behind the decade-old hack of the OG exchange Bitfinex, according to data tracked by Arkham.Transfers to exchanges are often interpreted as a sign of potential selling pressure. However, that is not always the case and could also reflect routine wallet movements, custody changes, or other non-selling activity.These coins have destinationThe bitcoin tied to the Bitfinex hack, which saw Lichtenstein walk away with…

Zanzibar police are reportedly holding Asymmetric founder Joe McCann for questioning after the death of his fiancée, Ashly Robinson.Police in Zanzibar are reportedly holding Joe McCann, a crypto trader and the founder of the crypto fund Asymmetric, for questioning after his fiancée died while the pair were on vacation.McCann’s fiancée, Ashly Robinson, 31, died in hospital on April 9 after she was found a day earlier by staff at a hotel where the couple was staying, NBC News reported Thursday, citing a statement from Tanzanian police.Police ruled Robinson’s death a suicide but said they are still questioning McCann. CBS News…