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RAVE’s surge and crash raise concerns over supply control, prompting exchange reviews and market scrutiny. Rapid price swings in the RAVE token have drawn sharp attention across the crypto market. A steep rally followed by a sudden collapse triggered accusations of coordinated activity. In response, RaveDAO issued a public statement rejecting claims of involvement. Meanwhile, major exchanges have begun reviewing trading behavior tied to the token. Violent Reversal Sparks Scrutiny Over Token Distribution and Timing RaveDAO said it had no role in the recent price movement of its native token, RAVE. In a thread on X, the team stated it…
A bitcoin mining pool built to reject both the industrial pay-per-share model and the pure lottery approach has now proved its design works. Twice.Upstart mining pool Parasite Pool mined block 945,601 on Friday morning, its second block since launching in April 2025 and roughly 48 days after the pool’s first block at #938,713 in late February. The block carried 7,398 transactions and 0.002 BTC in fees, landing with bitcoin trading at $76,213.The pool operates on a hybrid model that has no parallel in mainstream mining. A winning miner that solves a block receives 1 BTC outright, with the remaining 2.125…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a recent development, the Russian government has introduced a bill before its lower legislative house to criminalize the operation of unregistered crypto services in the country. Unlicensed Crypto Operators To Face Up To Four Years In Prison In a bill proposal to the lower house of the Federal Assembly of Russia, the State Duma, Russian lawmakers proposed criminal liability for entities engaging in activities related to the organization and circulation of cryptocurrencies and other digital assets without regulatory approval from the country’s central bank. The draft…
$292M rsETH exploit exposes cross-chain risks, forcing Kelp shutdown and Aave market freeze amid bad debt concerns. A major security breach has struck Kelp DAO, leaving the protocol reeling after a large-scale cross-chain exploit. Early on Saturday, an attacker drained a significant portion of its rsETH supply via a suspected LayerZero vulnerability. On-chain data points to a carefully prepared operation involving obfuscation tools and targeted contract calls. Market reactions followed quickly, with ripple effects across related DeFi platforms. Kelp DAO Freezes Protocol After $292M Cross-Chain Exploit Attempt Attackers siphoned roughly 116,500 rsETH, valued near $292 million at current prices. Blockchain…
The largest aluminum producer in the U.S., Alcoa, is close to selling its idle Massena East smelter in upstate New York to bitcoin firm New York Digital Investment Group (NYDIG), as it offloads dormant assets and taps demand for energy-ready industrial sites.The company’s chief executive officer, Bill Oplinger, said the company is in advanced talks and expects the deal to close “in the middle part of this year,” Bloomberg reports.The site, located along the St. Lawrence River, has sat idle since 2014 when Alcoa shut it down due to high operating costs and global competition.The appeal lies in the site’s…
A Bitcoin study of 400,000 scenarios found DCA beat lump-sum buying in Bitcoin’s 20% to 70% drawdown zone. A new Bitcoin market study has added fresh detail to the long-running debate over how to enter the asset. The research tested nearly 400,000 Bitcoin buying scenarios using 13 years of daily price data. It found that dollar-cost averaging, or DCA, can beat lump-sum buying in one specific drawdown range. That range appears when Bitcoin is well below its peak, but not yet at deep capitulation levels. Study reviews 13 years of Bitcoin price action According to analysis by analyst Nobrainflip, the…
A cross-chain bridge holding nearly a fifth of a restaked ether token’s circulating supply just got drained, and the fallout is moving through DeFi faster than Kelp DAO can pause contracts.An attacker drained 116,500 rsETH (restaked ether) from Kelp DAO’s LayerZero-powered bridge at 17:35 UTC on Saturday, worth roughly $292 million at current prices and representing about 18% of rsETH’s 630,000 token circulating supply tracked by CoinGecko.LayerZero is a cross-chain messaging layer, or the infrastructure that lets different blockchains send verified instructions to each other. Kelp DAO is a liquid restaking protocol, which takes user-deposited ETH, routes it through EigenLayer…
Leading bitcoin treasury company Strategy (MSTR) has proposed shifting the dividend payment schedule on its perpetual preferred equity, Stretch (STRC), from monthly to semi-monthly.The amendment, outlined in Strategy’s investor presentation, would keep the 11.5% annualized dividend rate and total annual obligations unchanged (currently $1.2 billion). Holders would receive payouts roughly every two weeks instead of once a month, with the first semi-monthly payment expected on July 15, following the June 8 shareholder vote.According to Strategy’s presentation, STRC currently sees an average $0.45 price drawdown after the ex-dividend date (the deadline to own a stock to receive a dividend), with recovery…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto pundit James has highlighted what the XLS-66 amendment is about and what it would mean for XRP holders in terms of earning yields. This comes as the XRP Ledger validators prepare to vote on the amendment, which will introduce the institutional lending protocol. How XRP Holders Can Earn Yields Through XLS-66 Amendment In an X post, James noted that, contrary to what XRP holders may think, the XLS-66 amendment is not just about depositing one’s tokens and collecting interest. Instead, it is a structured, institutional lending…
Nomura survey found 63% of Japanese professionals see stablecoin use cases, while trust remains highest for bank-issued tokens. Japan has long been one of Ripple’s strongest markets, but new signals suggest limits for RLUSD adoption there. A recent Nomura survey of 518 Japanese investment professionals found interest in stablecoin use cases. Yet the same survey showed stronger trust in stablecoins issued by major banks, and not by crypto-native firms. That pattern matters because Japan’s rules already favor bank-led models. Survey Shows Preference for Bank-Issued Stablecoins A new Nomura survey points to growing interest in stablecoins among Japanese finance professionals. According…