1h ago
Drift opens DFX recovery claims for April 1 exploit victims, initial payouts near 1%
The Drift Foundation has opened DFX recovery claims for users affected by the April 1 exploit, with initial redemptions covering only about 1% of verified losses. The recovery pool currently holds roughly 3.1 million USDT against a fixed supply of 299,500,810.998 DFX tokens. Funding is added daily at 00:00 UTC from Velocity’s net protocol revenue under a tiered formula, and Tether and strategic partners have committed up to 127.5 million USDT and 20 million USDT, respectively, to support the relaunch and user recovery, according to the Drift Foundation.
1h ago
3h ago
G7 to release 100M barrels from emergency reserves over four months as oil slips below $100 a barrel
The G7 has agreed to release a combined 100M barrels of emergency crude and diesel reserves over the next four months to ease the global energy price shock triggered by the Russia-Ukraine conflict. After the announcement, international oil prices fell back below $100 a barrel. The move is a rare coordinated market intervention by major consuming countries aimed at boosting short-term supply and tempering prices.
3h ago
4h ago
Ripple president Monica Long says XRPPOOLS will let institutions use XRP as collateral for credit-card payment funding
Ripple President Monica Long announced XRP-POOLS, a setup that allows XRP to be used as collateral to fund customer payments from credit card institutions. The product is designed to run on the XRP Ledger and target a credit-card payments market measured in the trillions of dollars. The move signals deeper integration of XRP into institutional payments infrastructure and could expand on-chain locked value and real-world use cases.
XRP
XRP-0.33%
4h ago
6h ago
Leveraged funds cut CME Bitcoin futures shorts by about 5,300 BTC-equivalent as longs also decline
In the week ended Sept. 22, leveraged funds reduced short positions in CME bitcoin futures by about 5,300 BTC-equivalent, while cutting longs by about 909 BTC-equivalent. As a result, their net short narrowed by 4,390.70 BTC-equivalent to 35,720.13 BTC-equivalent. In standard CME futures, shorts fell by 4,310 BTC-equivalent and longs rose by 1,175 BTC-equivalent. Over the same period, asset managers’ net long increased by 2,137.90 BTC-equivalent to 18,069.10 BTC-equivalent as longs rose by 573.10 BTC-equivalent and shorts fell by 1,564.80 BTC-equivalent.
BTC
BTC+0.27%
6h ago
8h ago
SEC approves crypto ETPs offering 3x exposure to Bitcoin and Ether
The U.S. Securities and Exchange Commission has approved crypto exchange-traded products (ETPs) that offer investors 3x leveraged exposure to bitcoin and ether. The decision allows issuers to launch leveraged crypto ETPs, giving traders amplified participation in BTC and ETH price moves. The move marks a further regulatory acceptance of crypto derivatives-style products and introduces new trading tools that could attract additional capital.
BTC
BTC+0.27%
8h ago
11h ago
Dormant Ethereum coins moved as Age Consumed hit about 580 million token-days on September 30, with little exchange inflow
On-chain data show Ethereum’s “Age Consumed” metric jumped to about 580 million token-days on September 30, signaling significant movement of long-dormant ETH. Over the same period, exchange supply rose by only around 18,000 ETH and then fell by about 21,000 the next day, leaving net inflows close to negligible. Santiment said the activity likely reflects wallet reorganization or internal reshuffling rather than a wave of profit-taking after ETH rebounded to around $2700.
ETH
ETH+0.17%
11h ago
11h ago
NVIDIA’s Jensen Huang becomes the world’s seventh-richest as shares top $237 and market cap reaches about $5.7 trillion
NVIDIA shares hit a record high of more than $237 on Friday morning, lifting the company’s market value to about $5.7 trillion and pushing it closer to the $6 trillion milestone. The rally has been supported by expectations that demand for AI agents will boost semiconductor demand. The company has gained about 27% so far this year and announced a record $150 billion increase to its stock buyback plan. CEO Jensen Huang’s net worth rose to $203.2 billion, making him the world’s seventh-richest person.
11h ago