Crypto News

This content is provided by a sponsor. PRESS RELEASE. The four-day agenda for the Hong Kong Web3 Festival 2025, taking place April 6 to 9, at Hong Kong Convention and Exhibition Centre, is now available. This annual event celebrates Web3 exploration and achievements as well as innovation and the spirit of Web3 creativity, convening globalSource link

Decentralized lending platform Abracadabra.Finance suffered an attack that drained $13 million worth of cryptocurrency from pools tied to GMX liquidity tokens.Blockchain security firm PeckShield flagged that contracts involving decentralized exchange GMX and Abracadabra were compromised, leading to the theft of 6,260 ETH, worth around $12.98 million at the time of writing.The exploit focused on so-called "cauldrons," isolated lending markets in Abracadabra where users can borrow against crypto collateral. These particular cauldrons relied on GM tokens, which represent liquidity positions in GMX, a decentralized exchange platform.GMX distanced itself from the incident. In a post on X, an account associated with the exchange said that GMX’s contracts themselves were unaffected. The team later said the breach was “solely related to the Abracadabra/Spell...

Crypto holds on to Gains, US may reverse Biden BTC sales, Tesla leads bounce - FOMO HOUR EP320Crypto holds gain as tariff concerns ease. Rumours US will buyback BTC sold by Biden. Oklahoma House passes BTC reserve act. WLFI deploys stablecoin on ETH, BNB chain. Kraken considering up to $1bn debt financing. Mt Gox moves another $1bn BTC. BTC current correlation to tech stocks very high. Stablecoins supply on ETH hits ATH of $132bn. Worldcoin in talks with Visa for payment wallet. Tokenized RWAs $10bn TVL for first time. 51% of US advisors to allocate to Crypto ETFs. Abu Dhabi’s ADGM collabs with Chainlink. USDC first stablecoin to be approved in Japan. CRO up 10% as Trump Media to partner...

The announcement comes at a time when two landmark stablecoin bills are making their way through Congress. New Stablecoin Coming Soon from Trump-Backed World Liberty Financial World Liberty Financial (WLFI) announced plans to launch a USD stablecoin dubbed “USD1” in a post on Tuesday. The Trump-backed crypto project, which touts itself as a “pioneering DeFiSource link

Meme coin incubator CoreSky has raised $15 million in Series A funding, to accelerate the development of its platform.The funding, which brings the company’s total backing to $21 million, was led by Tido Capital with participation from WAGMI Ventures, CoPilot Ventures Studio, Web3vision, and Parallel Ventures.CoreSky’s platform enables user voting to gauge public opinion in the early stages of a meme token's development. Meme coins have experienced a significant surge in popularity in the last year, becoming a notable phenomenon in the cryptocurrency market. This rise is attributed to several factors, including high-profile endorsements, political developments, and the increasing influence of internet culture on financial markets.Despite the challenges presented by scams and rug pulls, the enthusiasm for meme coins persists....