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The team behind decentralized finance (DeFi) protocol Balancer published a preliminary post-mortem report on Wednesday, detailing the cause of the exploit that siphoned $116 million across DeFi markets.Balancer was hit by a sophisticated code exploit on Monday that affected Balancer v2 Stable Pools and Composable Stable v5 pools, while all other pool types remained unaffected, according to the report.The hacker used a combination of BatchSwaps, which allow the user to bundle multiple actions in a single transaction, including flashloans — short-term loans borrowed and repaid within the same transaction — and an exploit of the upscale rounding function that affects…

The Deribit-listed bitcoin BTC$103,710.83 options market is revealing growing caution among traders, with some prepping for a slide to $80,000, as spot prices show signs of weakness.Notional open interest in BTC options, or the dollar value of the active contracts, remains elevated above $40 billion on Deribit, with activity concentrated in November and December strikes close to $110,000. However, at the same time, demand for the $80,000 strike has increased, a sign that traders are anticipating a continued sell-off in BTC.”A notable surge in put options positioned near the $80,000 mark signals traders are increasingly hedging against a deeper slide,”…

Record difficulty and declining on-chain fees have dragged Bitcoin mining profitability to a two-year low, creating a widening divide between miners surviving on razor-thin margins and those reinventing themselves as data-center operators for the AI boom. Mining used to be a homogeneous industry moving in sync with Bitcoin’s price. However, it’s now evolving into a two-speed economy, where hashpower defines success, not energy strategy. At roughly $42.14 per terahash per day, Bitcoin’s hashprice (the industry’s shorthand for miner revenue per unit of computational power) has fallen into the bottom 4% of its two-year range. Over the past month alone, it’s…

The question dominating crypto desks this week is whether the cycle is intact, and when the bull run will return. Two widely followed macro commentators sketched the same causal chain from public-sector cash management to crypto asset beta, arguing that the current drawdown is a liquidity story first and a sentiment story second—and that its reversal hinges on the mechanics of the US Treasury General Account (TGA), Federal Reserve balance-sheet policy, and the timing of Washington’s reopening. Crypto Market Awaits US Government Shutdown Resolution Macro analyst @plur_daddy on X summarizes the current state bluntly: “We are seeing the contraction in…

DEX token ASTER surged as Binance founder Changpeng Zhao (CZ) purchased approximately 2 million of them, sending a wave of speculative demand across the market. Investors interpreted the purchase as a signal of confidence from one of crypto’s most influential figures, and ASTER climbed nearly 20% in response.The underlying project behind ASTER is a rebranded derivative platform that merged from older tokens (including APX) and relaunched with a token-generation event in September 2025. ASTER’s max supply is 8 billion tokens, with over half allocated to community incentives such as airdrops and strategic distribution. The platform packages itself as a hybrid…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

Senator Elizabeth Warren is defending a social media post decrying the pardon of Binance founder Changpeng Zhao.In that post, Warren said Zhao had “pleaded guilty to a criminal money laundering charge” and called his pardon “corrupt.”An attorney for Zhao has called the statement “defamatory” and threatened to sue.A lawyer for US Senator Elizabeth Warren is defending a recent social media post in which the anti-crypto lawmaker decried “corruption” that led to the October 23 pardon of Binance founder Changpeng Zhao.A lawyer for Zhao, better known as CZ, has threatened to sue the senator, calling her post “defamatory,” according to the…

A lawyer for US Senator Elizabeth Warren has hit back at allegations that she defamed Binance founder Changpeng Zhao in a social media post following US President Donald Trump’s pardon of him.The New York Post reported on Tuesday that Zhao’s lawyer, Teresa Goody Guillén, threatened to sue Warren for “defamatory statements that impugn his reputation” unless she removed an Oct. 23 X post that cited “corruption” in Trump’s pardon of Zhao that same day.Warren’s lawyer Ben Stafford said in a letter to Goody Guillén on Sunday obtained by Punchbowl News that “any threatened defamation claim would be without merit,” as…

Peter Zhang Nov 03, 2025 02:39 Cardano trades at $0.59 after losing $2.3 billion in liquidity over four days, with technical indicators suggesting potential recovery from oversold conditions. Quick Take • ADA trading at $0.59 (down 3.5% in 24h) • $2.3 billion liquidity exit over four days pressures price action • Testing critical long-term support at lower Bollinger Band • Following broader crypto weakness as Bitcoin declines Market Events Driving Cardano Price Movement The primary catalyst behind ADA’s recent decline has been a significant liquidity drain, with over $2.3 billion exiting the market…

The US-China tariff conflict, a major source of market anxiety throughout October, was resolved. Despite this positive development, Bitcoin failed to rally last week, posting a 1.72% weekly decline.The crypto market’s failure to respond to clear positive news signals a profound weakening of its upward momentum. Ethereum fell 2.55% for the week, while Solana (SOL) also declined 4.76% over the same period.Sponsored SponsoredGeopolitical Gains vs. Crypto SlumpThe crucial period for crypto investors was between October 29 and 30. This timeframe encompassed the Federal Reserve meeting and the high-stakes summit between US President Donald Trump and Chinese President Xi Jinping.China acquiesced…