Tether, the issuer of the world’s largest stablecoin, has spent $600 million buying majority control of a South American farming conglomerate, adding land to a reserve strategy that already includes billions in gold and Bitcoin (BTC). The move follows a clean audit from KPMG, one of the Big Four accounting firms. However, Tether’s own reserve […]
Canary Funds is set to launch a staked Tron ETF, trading under the ticker $TRXS. This initiative, highlighted in a tweet by crypto commentator James Seyffart, could significantly boost investor interest in Tron. As the ETF market grows, this development hints at increasing institutional engagement with the Tron ecosystem, potentially enhancing its market position. What […]
A recent alert from the CryptoTwitter commentator @SlowMist_Team has revealed a significant security exploit in the BNB ecosystem, leading to the loss of approximately 62.28 BNB. This incident underscores the ongoing vulnerabilities in decentralized finance systems and the need for users to remain vigilant about their asset security. The implications of such exploits can be […]
The American Gaming Association expects citizens to wager $29.5 billion with regulated sportsbooks on the 2026 NFL season, the first one without meaningful growth since the Supreme Court struck down the federal betting ban in 2018. The trade body attributes the stall to prediction markets, which it calls “backdoor sports betting.” Trade Body Forecast Lands […]
Purported white-hat hackers returned 3,400 Bitcoin worth about $270 million to the Liquid Federation wallet after withdrawing roughly $320 million from the Bitcoin sidechain’s reserves. On Monday, JAN3 CEO and former Blockstream executive Samson Mow said the return followed confirmation from Blockstream that the affected bridge nodes had been patched. He said about 598 BTC remains outstanding and that Blockstream continues to engage with the actors.The return follows a Sunday security incident in which hackers withdrew about 4,000 BTC from the wallet’s roughly 4,200 BTC. Onchain records show that exactly 3,400 BTC was transferred back to the federation’s wallet address. Blockstream said updated software had been deployed and federation members were preparing for a coordinated restart. Liquid issues L-BTC against Bitcoin held by its federation, so the return of about 85% of the withdrawn Bitcoin restores much of the backing removed in the incident as the paused network prepares to resume operations. Bitcoin return follows onchain negotiationsThe original withdrawal was processed through SideSwap’s Peg-out Authorization Key, although Liquid and SideSwap said the key itself was not compromised. SideSwap said the L-BTC involved originated from a bug in Elements, the open-source software underpinning Liquid. Blockstream contacted the actors through signed messages embedded in Bitcoin transactions. The actors, who identified themselves as white hats, said they would return most of the funds once the vulnerability was fixed and every node had installed the patch. Related: Satoshi-era Bitcoin wakes after 16 years of dormancy as 600 BTC movesMow said Liquid remained paused while Blockstream and federation members made further fixes and security improvements, resolved a chain split and prepared for a safe restart. He told users not to send Bitcoin to Liquid peg-in addresses until the network’s restart is confirmed, adding that no user action was otherwise required. Ledger chief technology officer Charles Guillemet questioned the actors’ white-hat description after the partial return. He said that if the roughly 600 BTC still under their control represented a reward negotiated through encrypted onchain communications, the arrangement looked “more like extortion than white-hat hacking.”Neither Blockstream nor Liquid publicly described the outstanding Bitcoin as a bounty or disclosed any repayment terms. Cointelegraph reached out to both companies for comments but did not receive a response before publication. Magazine: ‘White hats’ take 4000 BTC from Liquid, ETFs see best inflows of 2026: Hodler’s Digest
China’s export surge underscores its pivotal role in global supply chains, potentially intensifying geopolitical tensions and economic dependencies. The post China’s export growth accelerates 25% in August as high-tech and auto shipments surge appeared first on Crypto Briefing.
Asia’s value rotation signals a potential global shift in investment strategies, challenging tech dominance and highlighting financial sector resilience. The post Asia leads global value rotation amid chip woes appeared first on Crypto Briefing.
AMD’s new AI-focused supercomputer could reshape local AI computing, challenging cloud reliance and Nvidia’s dominance in high-end workstations. The post AMD unveils personal supercomputer for AI-driven computing appeared first on Crypto Briefing.
RBA’s strategy to curb inflation by slowing economic growth may risk higher unemployment and prolonged recovery, echoing past recessions. The post RBA’s Sarah Hunter signals willingness to push economy below trend to tame inflation appeared first on Crypto Briefing.
NEAR Protocol’s chain abstraction infrastructure has crossed 50 million lifetime operations, giving the network a fresh milestone in its push to make multi-chain crypto feel less complicated. The idea behind chain abstraction is easy to like because the user problem is obvious. Crypto is too fragmented. People have wallets on different chains, assets in different […]
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