Author: Ethan Carter

SBI Crypto, a Japanese mining pool operator, has experienced a theft of $21 million, with investigators linking the incident to attackers from North Korea.On October 1, blockchain analyst ZachXBT reported suspicious outflows from the company involving multiple cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash.His investigation revealed that the stolen funds were swiftly transmitted through five instant exchanges before being funneled into Tornado Cash, a service frequently utilized to mask digital asset transactions.Despite the severity of this breach, SBI Crypto has not yet issued an official statement regarding the attack.Link to North KoreaZachXBT has attributed the attack to North…

While memecoins may draw in new blockchain users, the majority of profits predominantly benefit the platforms that create and facilitate the trading of these tokens, according to a recent report from Galaxy Research.The study published on Wednesday reveals that, despite most traders facing losses in this short-term gambling environment, infrastructure providers such as launchpads, decentralized exchanges, and trading bots are raking in millions by enabling memecoin trades.Among the key beneficiaries is Solana’s Pump.fun, a memecoin launchpad that launched in early 2024, with tokens on the platform amounting to a total fully diluted market value of $4.8 billion, according to the…

Injective Protocol, a layer-1 blockchain dedicated to decentralized finance, is introducing onchain pre-IPO perpetual markets, providing global investors with the ability to trade synthetic versions of renowned private companies, including OpenAI.This new feature enables users to leverage positions up to five times on private company valuations directly through Injective, positioning itself as distinct from centralized pre-IPO solutions offered by platforms like Robinhood.As stated in Injective’s announcement on Wednesday, the Pre-IPO perpetuals utilize onchain data from Seda Protocol, which delivers decentralized oracle infrastructure for blockchain price data, and Caplight, which consolidates pricing data from private markets involving venture-backed companies.Source: Injective“Unlike other…

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US President Donald Trump nominated acting chair of the Federal Deposit Insurance Corporation (FDIC), Travis Hill, to the Senate for a five-year term.According to congressional records, Trump’s nomination of Travis as FDIC chair was submitted to the Senate Banking Committee on Tuesday.Prior to his role at the FDIC, Hill stated that the department should provide additional guidance on digital assets and tokenization, addressing allegations of US authorities debanking companies linked to crypto. He followed with a letter to financial institutions in March, clarifying that banks could engage with digital assets as a “permissible activity.”Related: FDIC moves to eliminate ‘reputational risk’…

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Stablecoin transfers soared to an unprecedented $15.6 trillion in the third quarter of 2025, largely driven by automated trading bots, as reported by crypto exchange CEX.io.On Wednesday, CEX.io’s market research analyst Illya Otychenko described the third quarter of 2025 as the “most active period” for stablecoins. In this quarter, stablecoin transfer values reached $15.6 trillion, marking a record high.Otychenko informed Cointelegraph that their analysis, utilizing data from Visa/Allium and Artemis, indicated that bot-driven transfers constituted approximately 71% of the total Q3 stablecoin transfer volume.Organic transactions not involving bots made up about 20%, while the remaining 9% pertained to internal smart…

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