On July 22, AFX's third-party cross-chain bridge was exploited, resulting in a loss of $24.15 million USDC. The attacker moved the stolen stablecoins from Arbitrum to Ethereum and converted them into approximately 12,467 ETH. The breach did not affect Arbitrum's native bridge, and investigations are ongoing by AFX, Blockaid, and Arbitrum teams to trace the funds and determine the cause. No recovery or detailed explanation has been announced yet, and the incident highlights risks in third-party bridge infrastructure.
Ethereum's recent scaling upgrades have led to a surge in network activity, with weekly transactions reaching an all-time high of 1.8 million and a peak of 21 million at one point, while median transaction fees dropped to a record low of $0.008. This...
Ethereum is showing strong seasonal performance in July, with transaction counts hitting a record 18.7 million and median fees dropping to $0.008, signaling successful scaling upgrades. Developer activity is surging, with smart contract deployments u...
Fundstrat's Tom Lee suggests the market underestimates the chances of the CLARITY Act passing, which could positively impact crypto regulation. He also highlights Ethereum's potential to benefit from AI-driven growth, as AI applications increasingly ...
Morgan Stanley has filed the final paperwork with the SEC to list its Solana and Ethereum staking ETFs on the NYSE Arca. These ETFs will hold the actual cryptocurrencies and offer investors staking rewards, with 95% of those rewards passed to shareho...
Ondo (ONDO) price jumped 27% from $0.32 to near $0.42, driven by institutional tokenization deals and increased network activity. Collaborations with major financial players like Depository Trust & Clearing Corporation, Mastercard, and SBI Group have...
