Author: driver789

Arbitrum has moved to lock down a large portion of funds tied to the Kelp DAO exploit, stepping in as the fallout from the cross-chain breach continues to spread. Summary Arbitrum’s Security Council seized 30,766 ETH linked to the Kelp DAO attacker and placed the funds in a frozen wallet pending governance action. The exploit drained 116,500 rsETH worth about $292 million, with early findings pointing to a coordinated node compromise tied to Lazarus Group. Kelp DAO halted contracts and blocked additional losses while disputes over LayerZero’s security setup and risk exposure across Aave continue to unfold. According to a…

Crypto lobby Coin Center has expanded on its argument that software code is free speech and should be protected under the First Amendment of the US Constitution, amid continued uncertainty over whether crypto developers could be liable for how their inventions are used.In a report published Monday, Coin Center Executive Director Peter Van Valkenburgh and Director of Research Lizandro Pieper said writing and publishing crypto software code is the same as writing a book or publishing a recipe.The pair argued that the First Amendment, which protects individuals’ freedom of speech and expression, offers strict constitutional protection for developers who only…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is trying to hold above $2,300 as the market navigates another stretch of volatility and uncertainty. The price action remains hesitant, caught between buyers looking for a reason to commit and sellers who have defined this cycle’s derivatives landscape more aggressively than almost any previous period. But according to top analyst Darkfost, something in that landscape just changed — and the shift is significant enough to deserve attention. Throughout this entire cycle, Ethereum’s derivatives markets have been unusually hostile to bulls. Net taker volume — the…

The Kelp DAO and LayerZero bridge exploit that occurred over the weekend has left lending protocol Aave facing potential losses of up to $230 million, depending on how the situation is resolved.The incident, according to a report from Aave Labs and service provider LlamaRisk published on the Aave governance forum, centers on rsETH, a liquid restaking token issued by KelpDAO. To move rsETH between blockchains, the protocol relies on a bridge mechanism that locks tokens on one chain while issuing corresponding copies on another.An attacker exploited that setup by forging a transfer message that appeared valid. The system approved the…

Ethereum price started a recovery wave from the $2,250 zone. ETH is now consolidating and might fail to extend gains above the $2,360 resistance. Ethereum started a recovery wave from the $2,250 zone. The price is trading below $2,340 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,360 zone. Ethereum Price Faces Resistance Ethereum price tested the $2,250 support zone before the bulls appeared, like Bitcoin. ETH…

Alcoa is in talks to sell its idle Massena East aluminum smelter in upstate New York to bitcoin mining firm NYDIG, according to comments from Alcoa chief executive Bill Oplinger in a Bloomberg interview. The Massena East site sits along the St. Lawrence River and has been out of operation since 2014. The closure followed sustained pressure from high energy costs and global competition that reduced domestic aluminum production. The facility spans about 1,300 acres and contains heavy electrical infrastructure built for continuous industrial use. Alcoa is pursuing a broader plan to divest a group of idle US smelter assets.…

John Oliver, host of HBO’s Last Week Tonight, targeted prediction market platforms on his show’s latest weekly deep dive.In Sunday’s airing of the HBO show, Oliver discussed some of the trivial event contracts on platforms such as Kalshi and Polymarket, including betting whether members of the Trump administration would use certain words in public addresses, to the companies’ controversial partnering with news organizations. Specifically, the host questioned Donald Trump Jr.’s relationship with both platforms — an adviser to Kalshi and Polymarket — and how the US Commodity Futures Trading Commission (CFTC) “doesn’t even seem to be trying” to block event contracts…

Less than three weeks after North Korea-linked hackers used social engineering to hit crypto trading firm Drift, hackers tied to the nation appear to have pulled off another major exploit with Kelp.The attack on Kelp, a restaking protocol tied into LayerZero’s cross-chain infrastructure, suggests an evolution in how North Korea-linked hackers operate, not just looking for bugs or stolen credentials, but exploiting the basic assumptions built into decentralized systems.Taken together, the two incidents point to something more organized than a string of one-off hacks, as North Korea continues to escalate its efforts to hijack funds from the crypto sector.“This is…

Binance’s top traders are leaning more aggressively toward the long side in Dogecoin, even as broader price action remains muted. Data shared by CryptoQuant verified author CW on a 4-hour basis, along with an additional 24-hour Coinglass snapshot reviewed for NewsBTC, points to the same underlying trend: large traders on Binance are building bullish exposure to DOGE. CW framed the move in simple terms: “Amidst the current sluggish trend, Binance top traders are increasing their long positions on DOGE. They are quietly increasing their bets on a rise in DOGE.” The charts back that up. On the 24-hour view, the…

BitRss delivers the latest Top Crypto News from established and trusted voices across blockchain, bitcoin, stablecoins, altcoins, and the broader cryptocurrency ecosystem. Since 2015, our Mission has been simple: to share timely news and insights that reflect the global crypto landscape in an ethical and transparent way. BitRss acts as a 24/7 reference point where information from many sources comes together in one place. You can stay up to date through our Original Crypto Summary and Curated Topics, designed to highlight key developments, emerging trends, and shifts in market sentiment. BitRss is intentionally clean, fast, and mobile-friendly. Articles are listed…