Arcadia Finance Hacked: $3.5 Million Stolen and Laundered as WETH
Arcadia Finance, a decentralized finance (DeFi) protocol operating on the Base blockchain, has suffered a major security breach, resulting in the loss of approximately $3.5 million. The incident unfolded after attackers exploited a vulnerability in the platform’s Rebalancer smart contract, allowing them to drain funds from user vaults and convert the stolen assets into Wrapped […]
Hungary Now Imposes 2-Year Prison Sentence for Unauthorized Crypto Trading
Hungary has officially criminalized unauthorized cryptocurrency trading, introducing strict penalties that could see individuals face up to two years in prison for engaging in unlicensed transactions. This new law, which took effect from July 2025, is part of a broader effort by Hungarian authorities to tighten control over the fast-growing digital asset sector and prevent […]
Pump.fun Raises $500 Million in ICO
In a stunning display of investor enthusiasm, Pump.fun’s highly anticipated initial coin offering (ICO) has raised $500 million in just under 12 minutes, making it one of the most successful token launches of 2025. The sale, which offered 125 billion PUMP tokens at $0.004 each, placed the project’s fully diluted valuation at $4 billion. Pump.fun, […]
Tether to End USDT Support on Five Blockchains as Part of Strategic Refocus
Tether, the company behind the world’s most traded stablecoin USDT, has announced it will discontinue support for its token on five blockchain networks. The decision, which Tether says is part of a broader plan to refocus resources, highlights a shift in the company’s strategy toward strengthening efficiency, security, and sustainability across its ecosystem. The five […]
Crypto Advocates Support Lawsuit Challenging DOJ’s Crackdown on Open-Source Code
The U.S. crypto community is rallying behind a federal lawsuit that challenges the Department of Justice’s (DOJ) approach to prosecuting developers of open-source blockchain tools. At the center of the legal battle is the concern that writing and publishing code, particularly privacy-focused software, is being wrongfully equated with criminal conduct. The lawsuit, filed in January […]