Symbiosis faced a major exploit on its Bitcoin Bridge, where a vulnerability allowed the attacker to mint unbacked syBTC tokens worth a notional $46.1 billion. However, actual losses were limited to about $336,000 as the attacker converted only 4.39 WBTC. Symbiosis halted BTC routing, recovered 15 BTC, and secured them in a multisig wallet. The protocol offered the attacker a 20% bounty on returned funds by September 13, 2026, and is working on compensating affected liquidity providers. This incident highlights ongoing security risks with synthetic Bitcoin and cross-chain bridges.
Bitcoin is losing its status as independent 'digital gold' and is now closely tracking the U.S. stock market, particularly the S&P 500. This growing correlation raises concerns that Bitcoin could face a sharp decline if U.S. equities correct, especia...
Saudi Arabia closed its critical East-West oil pipeline after it was damaged by drones launched from Iraq, causing crude oil prices to rise over 2%. The pipeline, which can carry 7 million barrels per day, bypasses the Strait of Hormuz and has been v...
Bitcoin's traditional four-year cycle, where price bottoms occur 770-900 days after halvings, is showing signs of change. This cycle, Bitcoin reached a new all-time high before the halving, diverging from past patterns. Institutional inflows via spot...
South Korea's Financial Services Commission plans to expand blockchain use by tokenizing traditional securities like stocks, bonds, and funds, with Ripple's network playing a central role. This initiative aims to enable 24/7 trading and improve marke...
Two long-dormant Bitcoin wallets recently moved large amounts of BTC after more than a decade of inactivity, highlighting increased activity among early holders. One wallet transferred 1,260.78 BTC, worth over $100 million, after 10.2 years, generati...
