A Hacken report found that about half of the circulating USDT on the Tron network, estimated at $91.3 billion, is controlled by a 2-of-3 multisignature administrative key setup without a built-in timelock. This means two of three keys can authorize contract operations like minting and freezing tokens, highlighting a governance risk but not an ownership or security breach. No evidence of compromised keys or theft was found, and the report emphasizes this as a potential exposure rather than an active exploit. The full assessment and Tether's response are awaited to clarify the implications for USDT holders and market confidence.
Ethereum (ETH), the second-largest cryptocurrency by market cap, dropped below the $2,350 level on Binance's spot market early Sunday, reaching $2,349 at 1:51 a.m. ET. This marked a slight decrease from $2,359 just 15 minutes earlier, showing a minor...
Shiba Inu's exchange activity has shifted to a bullish trend as outflows of 95.68 billion SHIB tokens outpace inflows, signaling increased demand despite a 5% price drop. This negative netflow suggests traders are accumulating SHIB during the dip, po...
Spotify reported third-quarter results below analyst expectations, missing both revenue and adjusted earnings per share despite strong user growth. The company maintains a strong market position with exclusive content but faces competition from bundl...
Papertrade generated $8.5 million in protocol revenue over the seven days through October 25, ranking fifth behind major players like Tether and Circle. This is a decline from $13.38 million recorded in an earlier seven-day period in mid-October. The...
A Ripple-commissioned study by Boston Consulting Group finds that regional banks with $200-$300 billion balance sheets could improve financial results by up to $100 million through enhanced digital asset custody services. Custody is evolving from sim...
