Headlines

Weak Wallet Seeds Were to Blame

A wallet seed generation flaw led to Qubic’s massive breach, prompting a network halt while most stolen funds remain frozen. Qubic has confirmed that an attacker drained 1,404 wallets, stealing around 2.94 trillion QU during a security incident between October 17 and 18. The network said the problem came from weak wallet seed generation,…

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But Is This Really Good News?

“From a counter-sentiment perspective, that’s bearish,” one popular analyst warned. The cryptocurrency market has been anything but stable lately and is still far from the bullish conditions some anticipated this month. Despite the overall uncertainty, optimism continues to build around select tokens like Hyperliquid’s HYPE. Here’s why it rose to the top of a…

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Tether’s Ardoino disputes Iran report with four-week freeze claim

Tether CEO Paolo Ardoino has challenged Senator Richard Blumenthal’s Iran sanctions report, saying the company has frozen flagged addresses an average of four weeks before official designations since 2023. Summary Four weeks was Tether’s average lead over official designations since 2023, according to Ardoino. 99% of reported addresses were frozen before Chainalysis labeled them, the…

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JPMD Reaches Base for Institutional On-Chain Cash

The biggest Ethereum news of the day comes from Wall Street, not from a developer call. JPMorgan is taking JPM Coin (JPMD), its tokenized dollar deposit, from Base to Ethereum mainnet. Kinexys, the bank’s blockchain unit, said in a statement on Monday that JPMD now supports transfers across Ethereum Virtual Machine networks, including Base and…

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