54m ago
Flow Foundation advances multi-phase recovery after $3.9M exploit and flags large exchange token flows
The Flow Foundation is moving into the second phase of its recovery plan on EVM following a $3.9 million exploit of the blockchain, after dropping an earlier proposal to roll back the network. It reported identifying a path to restore Ethereum Virtual Machine functionality while also raising concerns about a single exchange account that deposited 150 million FLOW, converted much of it to BTC and withdrew over $5 million before the network halt. Trust Wallet separately disclosed a $7 million loss from a Christmas Day exploit of its browser extension, with thousands of addresses affected and thousands of reimbursement claims filed.
FLOW
FLOW+2.38%
54m ago
1h ago
Arthur Hayes Offloads 1,871 ETH Worth $5.53 Million To Load Up On DeFi Tokens
Arthur Hayes, the co-founder of BitMEX, shifted capital over a two-week span by selling 1,871 ETH valued at about $5.53 million and reallocating the proceeds into several DeFi tokens. He concentrated new positions in Pendle, Lido DAO, Ethena, and Ether.fi, reflecting a thesis that these protocols tied to yield, staking, and synthetic dollar mechanics may offer better risk-adjusted returns than simply holding Ethereum. Hayes has framed the moves as a portfolio rotation using ETH as base collateral rather than a complete exit from the asset.
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ETH
ETH+0.33%
1h ago
2h ago
Turkmenistan's 2026 Crypto Law Legalizes Mining and Trading but Prohibits Payment Use
Turkmenistan has adopted a "Law on Virtual Assets" that legalizes cryptocurrency mining and exchange activity under central bank oversight, following its signing in late November and implementation on January 1, 2026. The framework introduces licensing, KYC/AML rules, and a ban on anonymous wallets, while keeping cryptocurrencies from being used as legal tender or for domestic payments despite the country's ample but grid-constrained electricity supply.
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2h ago
2h ago
Bitcoin Trades Near Range Highs as Global M2 Rises and Fed Injects $74.6 Billion via Repo in Q4 2025
In the fourth quarter of 2025, charts shared on X showed global M2 growth turning higher and the U.S. Federal Reserve adding about $74.6 billion in repo liquidity, while Bitcoin’s price stayed close to the upper end of its recent range. The data highlighted a growing divergence between improving liquidity signals and BTC’s short term direction, raising questions about how tightly the asset tracks money supply and temporary funding operations.
BTC
BTC+0.81%
2h ago