Major Security Breach on Delta Prime: Hacker Drains $6 Million in Assets
In a significant attack on the decentralized finance (DeFi) platform Delta Prime, a hacker managed to exploit a vulnerability in the system’s token minting process, draining over $6 million in assets. Operating on the Arbitrum network, Delta Prime was compromised after the attacker gained control of the platform’s admin account, reportedly by stealing the developer's private key.
USDT on TON Chain Surpasses $1 Billion in Circulating Supply
Tether’s USDT stablecoin has reached a new milestone, surpassing $1 billion in circulating supply on The Open Network (TON), according to data from Token Terminal. This significant achievement underscores USDT's dominance as the leading USD-backed stablecoin, outpacing its rivals like Circle’s U.S. Dollar Coin (USDC).
Bhutan Overtakes El Salvador in Bitcoin Holdings: A New Crypto Powerhouse in South Asia
Bhutan’s quiet yet strategic accumulation of Bitcoin is reshaping its position in the global crypto landscape, surpassing even El Salvador, which has been the poster child of national Bitcoin adoption. As Bhutan continues to embrace cryptocurrency, it could emerge as a regional leader in the blockchain space, leveraging its holdings for innovation and economic growth.
Changpeng Zhao’s Anticipated Prison Release: What It Could Mean for Binance and the Crypto Market
Changpeng Zhao's expected release on September 29 is highly anticipated by both Binance users and the broader crypto community. As Binance’s founder and a key figure in the crypto industry, his return could help steer the company through its current regulatory and operational challenges. The coming months will reveal whether Zhao’s leadership can once again propel Binance to the forefront of the industry and restore investor confidence in the global cryptocurrency market
MicroStrategy’s $700 Million Convertible Senior Notes Offering: A Detailed Breakdown
MicroStrategy, known for its aggressive Bitcoin acquisition strategy, announced plans to raise $700 million through a convertible senior notes offering. This step marks another bold effort by the company to secure funds, which many anticipate will be used to further expand its Bitcoin holdings. This issuance will allow MicroStrategy to tap into institutional investors seeking exposure to Bitcoin through a traditional financial instrument.
Hedera Donates Entire Codebase to Linux Foundation for Decentralized Trust Project
Hedera’s contribution signifies a massive shift toward greater decentralization, allowing developers worldwide to experiment, adapt, and improve upon Hedera’s technology. By donating its entire codebase, Hedera effectively opens up its network to the public, aligning itself with the ideals of open-source development
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