Crypto News
DeFi Platform Loopscale Negotiates With $5.7M Exploit Hacker
Loopscale has offered a hacker behind a $5.7 million USDC and 1,200 SOL exploit a deal: return 90% of the funds and keep 10% as a bounty, with full immunity from liability. Attack Impacts 12% of Funds on Loopscale Loopscale, the on-chain borrowing and lending platform, has offered the hacker behind the exploit of $5.7Source link
Nike Hit With $5 Million Lawsuit Over Alleged NFT Securities Violations
Plaintiffs allege Nike executed a “soft rug pull,” leaving RTFKT NFT holders with worthless assets after winding down operations.Source link
Tariff Tsunami: Economist Steve Hanke Predicts Rough Times for US Economy
Economist Steve Hanke is not a fan of U.S. President Donald Trump’s tariffs, drawing a historical parallel between today’s economic conditions and the early 1930s by invoking the Smoot-Hawley Tariff Act and denouncing it as “the stupidest thing I’ve ever seen in my life.” Trump’s Trade Levy Could Repeat 1930s Market Freefall, Warns Hanke OnSource link
Grayscale Still Tops All US Spot Bitcoin ETFs in Revenue
Despite heavy outflows since January 2024, GBTC’s 1.5% fee still generates $268 million a year, outpacing rivals' combined $211 million.Source link
Grayscale Pushes SEC to Approve Ethereum ETF Staking, Citing $61M Lost in Rewards
Grayscale is urging the SEC to approve staking for Ethereum ETFs, unlocking millions in rewards, strengthening Ethereum’s network, and propelling U.S. crypto investment forward. Grayscale Urges SEC to Allow Staking for Ethereum ETFs, Citing Major Investor Gains Representatives from Grayscale Investments convened with members of the U.S. Securities and Exchange Commission’s Crypto Task Force onSource link