The crypto industry got what it paid for

The crypto market never closes, so it was fitting President Donald Trump made the announcement on a Sunday: he was going to reward the billionaires who funded his presidential run. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration,” Trump wrote in a post on Truth…

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Crypto lost to exploits, scams, hits $1.5B in February with Bybit hack: CertiK

Losses to crypto scams, exploits and hacks totaled nearly $1.53 billion in February, with the $1.4 billion Bybit hack accounting for the lion’s share of losses, said blockchain security firm CertiK. The Feb. 21 attack on Bybit by North Korea’s Lazarus Group was the largest crypto hack ever, more than doubling the $650 million Ronin…

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Here’s what happened in crypto today

Today in crypto, Bitcoin’s growing active addresses may signal an incoming turning point for the crypto market after the latest correction, the Ethereum Foundation announced new leadership, and US President Donald Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to discuss regulations, stablecoins and Bitcoin reserve legislation….

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Here’s what happened in crypto today

Today in crypto, the Ethereum Foundation announces new leadership, US President Donald Trump will host the first White House Crypto Summit on March 7, bringing together industry leaders to discuss regulations, stablecoins and Bitcoin reserve legislation, and the Chicago Mercantile Exchange (CME) Group announced the launch of Solana futures contracts in March. Ethereum Foundation selects…

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The big boys want in on crypto, too

Illustration by Alex Castro / The Verge A little over a year after the collapse of the crypto banks Silvergate and Signature, financial institutions are very interested in crypto. PayPal has used its proprietary stablecoin to pay auditors Ernst & Young LLP, using a hub provided by SAP. Visa “is helping to bridge existing fiat…

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Trump is hawking tokens for a crypto project he still hasn’t explained

After a disclaimer that nothing we’d hear tonight is financial or legal advice, followed by a 40-minute interview with former President Donald Trump — which touched on the apparent attempt on his life at a Florida golf course, the border, the “evil forces” conspiring against him, and his granddaughter’s foreign language skills — and subsequent…

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Protocol Village: Crypto Losses From Hacks, Rug Pulls Doubled to $572M in Q2: Immunefi Report

June 27: Immunefi, an on-chain crowd-sourced security platform, released its “Crypto Losses in Q2 2024 report,” showing a loss of $572 million to hacks and rug pulls in Q2 2024, a 112% increase compared to the same period in 2023. According to the team: “This brings the total losses to over $920 million year-to-date, with…

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