Crypto

Hacker Breaches Hyperbridge, Mints 1 Billion Polkadot Tokens

A hacker has successfully breached the Hyperbridge platform, resulting in the unauthorized minting of 1 billion Polkadot (DOT) tokens. This incident raises significant concerns regarding the security protocols of decentralized platforms and could potentially destabilize market confidence in Polkadot. The breach highlights vulnerabilities in blockchain infrastructure that may lead to future attacks. The Polkadot community is currently investigating the incident and exploring measures to mitigate the impact. Security experts urge users to remain vigilant and monitor their assets closely amid the ongoing investigation.

Crypto

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DEXE Drops 11% Amid Retail Bearishness, Reliance on $12 Support from Whales

DEXE Drops 11% Amid Retail Bearishness, Reliance on $12 Support from Whales

DEXE has seen a significant drop of 11% as retail investors turn bearish on the token. Despite the decline, there is notable whale accumulation around the $12 mark, which may provide crucial support. Analysts are observing whether these larger investors can stabilize the price and prevent further losses. The market

Fed Chair Nominee Warsh Endorses Crypto Amid Critical Scrutiny

Fed Chair Nominee Warsh Endorses Crypto Amid Critical Scrutiny

Kevin Warsh, nominated for Federal Reserve Chair, expressed strong support for cryptocurrency, claiming it is already integrated into the U.S. financial system. His remarks come in the midst of dissent from some political figures, including Senator Elizabeth Warren, who criticized his suitability for the role. Warren argued that Warsh

Kalshi and Polymarket Set to Introduce Perpetual Futures for Cryptocurrencies

Kalshi and Polymarket Set to Introduce Perpetual Futures for Cryptocurrencies

Kalshi and Polymarket have announced their plans to launch perpetual futures contracts focused on cryptocurrencies. This new offering aims to provide investors with a mechanism to hedge or speculate on the price movements of digital assets without expiry dates. Perpetual futures are designed to mirror the underlying spot market, making