Author: Judith Faith

Article written by Judith Faith

Coinbase launches a $20 million bounty

May 15, 2025 1 min read

Coinbase has announced a $20 million reward program aimed at identifying and prosecuting those responsible for a recent data breach involving bribed customer service agents and extortion attempts. The breach, which affected less than 1% of the company’s monthly transacting users, involved cybercriminals paying overseas support staff to access sensitive customer information from internal systems. However, Coinbase reassured users that passwords, private keys, and access to customer funds were not

Solana’s PumpSwap DEX surges to $3.45 billion in daily trading volume

April 23, 2025 1 min read

On April 20, 2025, PumpSwap, a decentralized exchange (DEX) on the Solana blockchain, experienced a remarkable surge in trading activity, achieving a daily trading volume of $3.456 billion. This impressive figure positions PumpSwap as the second-largest DEX on the Solana network, trailing only behind Raydium. The platform has rapidly attracted a significant user base, boasting over 200,000 daily active users and capturing an 18.2% market share in the decentralized finance

ZKsync’s ZK token falls 19% after a $5 million theft from its airdrop contract

April 16, 2025 1 min read

The ZK token of ZKsync saw a significant drop of over 18%. It fell from $0.047 to below $0.04 in just one hour. This decline happened after an attacker exploited a compromised admin account and stole around $5 million worth of unclaimed tokens from the project’s airdrop contract. The ZKsync security team confirmed that the admin key linked to the airdrop contract was compromised. However, they assured users that this

Canada Approves First Spot Solana ETFs with Staking Feature

April 15, 2025 1 min read

Canada is set to launch the world’s first spot Solana (SOL) ETFs on April 16, 2025. This follows approval from the Ontario Securities Commission. The announcement comes as Solana’s price surged by 25% in just one week. This increase reflects strong investor interest and heightened network activity, which includes a record 355 million transactions. These new ETFs will differ from traditional crypto ETFs. They will support SOL staking, which could

The US House Financial Services Committee to regulate stablecoins

April 4, 2025 2 mins read

The House Financial Services Committee has advanced a significant bill aimed at regulating stablecoins, known as the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE). The bill received a vote of 32 in favor and 17 against during a lengthy hearing led by Chair French Hill, who emphasized the need for regulations to maintain global competitiveness in the evolving blockchain landscape. The STABLE bill, introduced by Hill and

FTX to start repayments on May 30

March 31, 2025 1 min read

FTX is preparing to start repaying claims over $50,000 on May 30, 2023, nearly 27 months after its collapse in November 2022. The company, led by CEO John Ray III, will use part of its $11.4 billion cash reserve to pay major creditors. Bankruptcy attorney Andrew Dietderich mentioned that FTX is dealing with an overwhelming number of claims, estimated at “27 quintillion,” many of which are considered fraudulent or questionable.

Coinbase quickly stops a supply chain attack on its agentkit AI tool

March 24, 2025 2 mins read

Coinbase has successfully thwarted a cyberattack targeting its open-source AI toolkit, agentkit. The attacker aimed to exploit GitHub permissions to insert harmful code into the project’s automated build system. Thanks to Coinbase’s quick response and support from security experts, no significant damage occurred. The incident was first reported on March 23 by Yu Jian, founder of the security firm SlowMist. He referenced a detailed report from Unit 42, the security

Coinbase to introduce futures contracts for Cardano and Natural Gas

March 16, 2025 1 min read

Coinbase is looking to gain regulatory approval to launch futures contracts for Cardano (ADA) and Natural Gas (NGS). This initiative aims to broaden its offerings in both the energy and crypto derivatives markets. Coinbase Derivatives, the company’s futures exchange, announced that it has submitted the necessary documentation to the Commodity Futures Trading Commission (CFTC) for self-certification of these futures. Self-certification allows Coinbase to claim compliance with regulatory standards, speeding up

Over $3.29 billion worth of Bitcoin and Ethereum options set to expire today

March 15, 2025 2 mins read

Today marks a crucial event in the crypto market as billions in Bitcoin and Ethereum options are set to expire. This expiration could lead to short-term price volatility, impacting market sentiment and trader strategies. A large number of contracts will settle, prompting traders to adjust their positions. Bitcoin options dominate the expiring contracts, making up the bulk of the total. Despite current market challenges, the put-to-call ratio indicates a generally

The White House Official X account promotes Bitcoin

March 9, 2025 1 min read

A surprising post about Bitcoin was shared on the White House’s official X account on a Saturday night. The post declared, “America as the world’s Bitcoin superpower,” echoing a slogan from the Trump administration, “America’s golden age has begun.” It included a photo of former President Donald Trump signing the Bitcoin Strategic Reserve Executive Order alongside David Sacks, the US cryptocurrency and artificial intelligence chief. This unexpected post did not

David Sacks slams allegations of financial misconduct as slander and defamation

March 9, 2025 1 min read

David Sacks has responded to accusations that he manipulated crypto markets for personal gain. He called these claims baseless during an episode of The All-In Podcast. Sacks, who is involved with AI and crypto in the White House, faced serious allegations suggesting he inflated his crypto holdings. He emphasized that he sold all his crypto assets before joining the administration to avoid any conflict of interest. This included Bitcoin, Ethereum,

Binance experiences a surge in net inflows after the Bybit hack

March 6, 2025 1 min read

After the Bybit hack, Binance saw a huge increase in net inflows, reaching $3.9 billion in just one week. This was a big jump compared to previous months. The hack was the largest theft in crypto history, causing Bybit to drop from the second-largest exchange to the eleventh. As users left Bybit, Binance took advantage of the situation, bringing its total net inflows for February to $5.32 billion. In contrast,