In April, a hacker exploited a flaw in Litecoin's MimbleWimble Extension Block (MWEB) transactions, causing a double-spend attack that required a 13-block reorganization to fix. Despite patches released immediately after the attack, about 70% of Litecoin nodes, mostly non-mining validating nodes, have not updated their software, leaving the network vulnerable to similar exploits. Mining nodes have mostly updated due to direct risk, but the slow adoption among other nodes poses ongoing security risks. The Litecoin team continues urging updates, but no deadline or enforcement mechanism exists in the decentralized network, leaving uncertainty about future attacks.
U.S. spot ETFs for Solana (SOL) and XRP (XRP) attracted modest inflows on June 18, driven mainly by Bitwise’s ETFs, indicating selective institutional interest. XRP spot ETFs recorded $2.55 million in net inflows, contributing to a cumulative $1.45 b...
Bitcoin, Ethereum, and several other major cryptocurrencies experienced significant price declines exceeding 5% in a recent market downturn. Bitcoin fell to around $62,488, while Ethereum dropped to about $1,679. This widespread sell-off reflects inc...
Lite Strategy has invested $1 million in LitVM, a Layer-2 platform designed to bring smart contracts and decentralized finance to Litecoin. This investment grants Lite Strategy governance rights and potential future tokens, aligning with its strategy...
Lite Strategy, a Nasdaq-listed company holding Litecoin as its main treasury asset, has invested $1 million in ZK Innovations, the developer of LitVM. LitVM is building a Layer-2 zero knowledge platform to bring smart contracts, DeFi, tokenized asset...
Nearly $460.9 million in leveraged crypto positions were liquidated in 24 hours as Bitcoin and Ethereum gains caused a broad short squeeze, forcing many traders betting on price drops to close positions. Bitcoin rose 1.09% to $140,697 and Ethereum cl...
