A hacker exploited a vulnerability in Symbiosis's BridgeV2 protocol to mint $46 billion in unbacked synthetic bitcoin (syBTC) tokens but only managed to cash out about $336,000. Symbiosis confirmed the breach, halted BTC routes, and offered a white-hat bounty to recover funds. This incident highlights ongoing security challenges in cross-chain bridges, critical infrastructure for DeFi, raising concerns about systemic risks and trust in synthetic asset platforms. The next steps include a detailed technical post-mortem and monitoring market reactions to assess confidence in bridge-dependent projects.
XRP's recent price rebound did not follow the expected five-wave Elliott Wave pattern, instead showing a weaker three-wave recovery. Currently trading around $1.32, XRP is close to the 61.8% Fibonacci retracement level at $1.31, with several nearby s...
XRP has been trading within a range of approximately $1.25 to $1.60 for about 10 weeks, showing price compression after a significant 70% gain in August. Analyst ChartNerd highlights a parallel channel between the 20-week and 50-week moving averages,...
Initia's blockchain and rollups have been offline since Friday due to a security breach where an attacker exploited a MoveVM bug to mint and bridge out approximately $2.7 million in tokens, including AUSD, ETH, and USDC. The attacker used LayerZero a...
The ADA/USDT perpetual chart on Bybit reveals a rising trend with higher highs and lows since June 2026, with key support near $0.22. ADA reached a peak near $0.25 in August but recently fell below $0.20. Maintaining the $0.22 support level is crucia...
Chart analyst Albert Brown predicts a potential trend shift for XRP around July or August 2027 if the pattern of roughly yearlong price advances and declines continues. His analysis is based on historical price phases lasting about 12 to 14 months, t...
