Drift Protocol, the victim of a recent North Korean exploit, plans to relaunch with Tether’s USDT as its settlement layer after securing a proposed funding package of up to $147.5 million from the stablecoin issuer and partners, the companies said on Thursday. The deal includes up to $127.5 million from Tether and $20 million from…
As bitcoin BTC$74,490.24 continues to trade sluggishly near $75,000, several other crypto projects are showing notable developments. Among them is XRP (XRP), the payments-focused token used by fintech firm Ripple to facilitate cross-border transactions. U.S.-listed spot XRP ETFs drew more than $17 million in inflows on Wednesday, the most since Feb. 2, according to data…
South Korea’s Ministry of Economy and Finance will begin testing blockchain-based deposit tokens for government spending in the fourth quarter as part of a broader push to modernize how public funds are managed. The ministry said the pilot to spend Treasury funds as digital currency was approved under a 2026 regulatory sandbox program, local media…
Joe McCann, founder of crypto investment firm Asymmetric, is being probed by authorities in Tanzania, following the the alleged death by suicide of his fiancé, U.S. influencer Ashly Robinson, during a trip to Zanzibar. Robinson, 31, a Miami-based lifestyle creator also known as Ashlee Jenae, was found unresponsive on April 9 in a private villa…
Bitcoin’s rally toward $75,000 is running into a wall of supply just as institutional demand is holding steady. The move higher has been driven largely by macro flows rather than a broad surge in speculative activity. U.S.-listed spot bitcoin ETFs have continued to draw consistent inflows this month, including roughly $240 million in a single…
Bitcoin BTC$75,037.84 has climbed nearly 10% this month, but the rally is running into resistance near $75,000. The pause is notable as U.S. stocks push to record highs. On-chain data shows holders are selling into strength, helping explain the slowdown. It is evident from an on-chain indicator called realized profit/loss, which tracks the total dollar…
The quantum computing threat has some of Bitcoin’s most vocal developers landing in wildly different places. Blockstream’s CEO, Adam Back, told Paris Blockchain Week attendees on Wednesday that Bitcoin developers should start building optional quantum-resistant upgrades now, even though current quantum computers remain “essentially lab experiments” with progress that has been “incremental” over the 25…
Bitcoin developers are debating a radical change to how the network would respond to a future quantum computing threat: don’t freeze vulnerable coins unless someone proves the threat is real. But there’s a catch: The proposal assumes the attacker will reveal capability for a bounty instead of maximizing profit through theft. A proposal published this…
A leading core Bitcoin developer said he would rather see the estimated 5.6 million bitcoin BTC$75,090.08 he believes to be lost frozen by the network than risk them falling into the hands of future quantum hackers. Jameson Lopp told CoinDesk that while he does not want to freeze anyone’s bitcoin, removing dormant tokens from potential…
Network News BITCOIN PROPOSAL THAT COULD FREEZE QUANTUM-RELATED COINS: Bitcoin was built on a promise that no one can touch your coins without your private key. No government, no bank, nobody. That promise is now, for the first time in Bitcoin’s 16-year history, being challenged by the developer community itself as part of measures to…
