The best crypto writing from the last 24 hours.
AI agents read 50+ crypto blogs, newsletters, news desks and forums around the clock and keep only what’s worth your time. The top five land in your inbox at 6:30 a.m. Central.
- 1
Initia confirms second exploit in 3 weeks, $3.27M stolen in latest attack
Initia suffered its second exploit in three weeks: attacker used compromised cloud credentials to move $3.27M, with about $2.16M still frozen as the network stays halted.
- 2
Goldman, Citi and Other Banks Reportedly Fund $270 Million Stablecoin Initiative
Reported $270 million bank-backed stablecoin initiative, Project Faro, targeting a 2027 launch.
- 3
Agora Freezes AUSD Account Linked to Initia Exploit
Agora froze an AUSD account tied to the Initia exploit after 1.4 million AUSD was swapped for ETH.
- 4
Initia Halts L1 After $605,000 USDC Outflow, Team Says
Initia halted its L1 after a $605,000 USDC outflow, which the team traces to compromised rollup infrastructure keys.
- 5
Cosmos Contributes IBC to Linux Foundation Decentralized Trust
Cosmos contributes IBC to the Linux Foundation's Decentralized Trust, with Cosmos Labs holding five of seven initial technical committee seats.
- 6
Binance begins second withdrawal phase, exchange outflows slow
Binance is reopening withdrawals in phases after an initial Sunday reopening, with a second phase starting Tuesday after security checks.
- 7
FATF targets crypto hubs in review of money laundering controls
FATF will review jurisdictions' crypto AML compliance, with initial findings due June 2027; jurisdictions not yet named.
- 8
CFTC Chair Calls Utah's Kalshi Prosecution 'Blatant Overreach'
CFTC chair criticizes Utah's enforcement against Kalshi, while a federal suit seeks to block it after the state won an initial ruling.
- 9
Intel, IBM, Oracle and IonQ latest to object to OKX-ICE tokenized stocks
Over 40% of companies initially proposed for OKX's tokenized stock listings have asked to opt out, a sign of issuer pushback on the program.
- 10
Ethereum fixes Glamsterdam bug that could have sent staking deposits to builders
Ethereum developers fixed a Glamsterdam bug that could have sent staking deposits to builders, after initially rejecting the change.
- 11
Initia Has No Restart Date After Attacker Mints Tokens and Bridges Out $2.7 Million
An attacker minted tokens on Initia and bridged out $2.7M, with a suspected MoveVM flaw and the chain halted with no restart date.
- 12
Initia Halts L1 and Rollups After Reported Mint Exploit
Initia halted its L1 and rollups after an exploit estimated at $2.6 million was cashed out via stablecoin swaps and ETH transfers.
Also covered by Cointelegraph - 13
Malaysia and Thailand Join Singapore’s BLOOM Digital-Money Initiative
Malaysia and Thailand join Singapore's BLOOM digital money initiative, with Visa, Mastercard and World Bank participating on cross-border settlement.
Also covered by Cointelegraph, The Block - 14
Celestia Activates Fibre, Opening Direct Validator Uploads for Rollups
Celestia activated Fibre, letting validators accept direct rollup blob uploads at 128 MiB per blob in its initial release.
- 15
Turkey confirms Hex founder Richard Heart’s arrest, says police seized $7.15 million and six cold wallets
Turkish police reportedly seized $7.15 million in cash and six cold wallets in searches tied to Hex founder Richard Heart's arrest. Details rest on initial reporting and may change.
- 16
Thailand crypto ETFs may see slow start despite new rules: CoinShares
CoinShares expects modest initial inflows into Thailand's new Bitcoin and Ether ETFs, which start trading Friday, as existing options compete for demand.
- 17
Ledger Wallet Tampering: What Is Confirmed and What Owners Should Know
Ledger tells owners to leave unused wallets uninitialized and move assets to a new device with a new recovery phrase; separates confirmed facts from speculation.