Cryptocurrency

According to an investigation by Blockaid, the attackers used EIP-7702 on the Ethereum network and withdrew 167,464 ETH, approximately $1.615 billion in USDT, and around 60 tokens in a single transaction. Binance confirmed the mechanism's role and reported freezing part of the funds.

Circle froze $1.1 billion USDC after the Binance hack, emphasizing that address blocking is only possible with a court order.

Economist Peter Schiff believes that Bitcoin may continue to decline following the stocks of companies related to artificial intelligence. However, traders Sminston Whit and Killa hold an opposing view, pointing to technical signs of a potential end to the bear market.

A Protos study covered 282 reports from the American regulator regarding transactions by executives and other insiders of tech companies. After excluding $179 million in sales related to tax obligations, the volume of other transactions exceeded $7.2 billion.

ChainSecurity's audit revealed that changes in EIP-8037 and EIP-8038 could disrupt applications relying on fixed gas consumption assumptions. The Ethereum Foundation urged developers to verify 8 technical conditions before proceeding with the Hoodi testnet upgrade.

The People's Bank of China has recognized the promotion of Solana in Shanghai as a violation of virtual currency advertising regulations. The regulator explained the reasons for halting the event scheduled for October and announced an upcoming investigation of the involved organizations and individuals.

Issuers of stablecoins in foreign currency must have ₦15 billion in capital, secured by ₦10 billion. Algorithmic stablecoins are prohibited, and existing operators have 180 days to apply.

The leader was FBTC from Fidelity with $199.9 million, followed by IBIT and GBTC. Over the week, the funds lost more than $1.1 billion; the only product without movement was the XRP ETFs, while Bitcoin fell by 5.6% in a day.

The recovery of Bitcoin's price occurred after significant outflows from ETFs. Discover the details on volatility in the cryptocurrency market.

Litecoin's joke at XRP's expense turned into a counter chart: since the end of 2024, XRP has more than doubled in price, while LTC remains 85% below its 2021 record. Supporters of Zcash, which has outperformed Litecoin this year, also joined the debate.