Quick Summary: Crypto markets gained 2.5% to a $2.44 trillion market cap after Trump signaled both threats and optimism over a potential Iran deal to reopen the Strait of Hormuz. Cryptocurrency markets climbed approximately 2.5% on Monday following a series of contradictory statements from US President Donald Trump regarding a potential agreement with Iran over the Strait of Hormuz. Reports of a possible 45-day ceasefire that could bring a permanent end to the ongoing conflict added further uncertainty to the situation. The total crypto market capitalization rose roughly $70 billion to reach $2.44 trillion, an 11-day high, during early Monday…
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Quick Summary: Rwanda’s National Bank rejects Bybit’s addition of the Rwandan franc to its P2P platform, reaffirming that crypto payments and conversions remain illegal. The National Bank of Rwanda has issued a public warning reaffirming that cryptocurrency payments and trades involving the local currency are illegal, following a move by crypto exchange Bybit to add support for the Rwandan franc on its peer-to-peer trading platform. The central bank posted the warning on X on Sunday, two days after Bybit announced that the franc could be used to buy and sell crypto through its P2P service. The bank stated that crypto…
Quick Summary: A legal expert says Drift Protocol’s $280M DeFi exploit may constitute civil negligence after the team failed to follow basic security procedures. Drift Protocol, a decentralized finance platform built on the Solana blockchain, suffered a $280 million exploit that attorney Ariel Givner says could have been avoided had the team followed standard operational security practices. Givner described the failure as potential civil negligence, stating that the team did not fulfill its basic duty to protect the funds it was managing. Advertisements for class action lawsuits against the platform are already circulating, according to Givner. Cointelegraph contacted the Drift…
Quick Summary: Google research suggests a future quantum computer could derive a Bitcoin private key from its public key in roughly nine minutes. Google has published research indicating that a future quantum computer could theoretically extract a Bitcoin private key from its corresponding public key in approximately nine minutes. The findings raise serious concerns about the long-term security of Bitcoin and other cryptographic systems that underpin digital finance. If realized, such a capability would represent a fundamental threat to blockchain-based assets worldwide.Traditional computers process information as bits, each holding a value of either 0 or 1. Quantum computers, by contrast,…
Quick Summary: Polymarket odds of a US invasion of Iran climbed to 63% after President Trump posted fresh comments on social media, adding uncertainty to risk assets. Prediction platform Polymarket shows the probability of the United States invading Iran this year rising to 63% following social media comments from President Donald Trump. Despite the increase, the figure remains below the peak of 68% recorded on March 29, which was driven by a US troop buildup in the region and reports that the Trump administration had considered seizing Kharg Island, a key Iranian oil shipping hub. Trading volume on the invasion…
Quick Summary: Polymarket removed a market wagering on the rescue of U.S. service members in Iran after lawmakers condemned it for turning a military operation into a financial bet. Polymarket has taken down a betting market that allowed users to wager on the rescue of U.S. service members held in Iran, following sharp criticism from elected officials. Lawmakers argued that reducing a sensitive military operation to a financial instrument was inappropriate and potentially harmful. The removal marks a notable moment of self-regulation for the platform amid growing external pressure.Congressional Democrats have moved beyond criticism and are now proposing formal legislation…
Quick Summary: Bitcoin and US dollar-pegged stablecoins mutually reinforce each other’s adoption, strengthening dollar dominance, according to Bitcoin Policy Institute research head Sam Lyman. Sam Lyman, head of research at the Bitcoin Policy Institute, a Washington DC-based digital asset advocacy organization, argues that Bitcoin and US dollar-pegged stablecoins share a symbiotic relationship that benefits both assets. Speaking to Cointelegraph, Lyman explained that the largest Bitcoin trading pair is BTC/USD, which includes Tether’s USDt, a stablecoin backed by cash deposits and short-term US government debt. This dynamic, he says, makes Bitcoin adoption directly beneficial to the broader US financial system.Lyman draws…
Quick Summary: Bitcoin’s correlation with global central bank easing has turned strongly negative since 2024, suggesting BTC now leads rather than follows monetary policy signals. Bitcoin may no longer move in lockstep with Federal Reserve policy decisions, as the rise of spot bitcoin exchange-traded funds has fundamentally altered how the asset is priced. Institutional participation through these vehicles appears to have shifted market dynamics toward forward-looking positioning rather than reactive responses to central bank actions. This represents a notable departure from the behavior observed in earlier market cycles.Since 2024, Bitcoin’s correlation with global central bank easing has turned strongly negative,…
Quick Summary: Ledger CTO Charles Guillemet warns AI is lowering the cost and complexity of cyberattacks on crypto platforms, which lost $1.4 billion to hacks over the past year. Ledger Chief Technology Officer Charles Guillemet has warned that artificial intelligence is reducing both the cost and technical difficulty of launching cyberattacks against cryptocurrency platforms. His comments come as the broader crypto industry continues to grapple with a surge in hacks and exploits. Guillemet’s remarks highlight a growing concern among security professionals about the role AI is playing in reshaping the threat landscape.Crypto platforms suffered a combined $1.4 billion in losses…
Quick Summary: Ant Digital Technologies has unveiled Anvita, a platform allowing AI agents to hold assets, trade, and process payments with minimal human oversight. Ant Digital Technologies has introduced a new platform called Anvita, designed to allow artificial intelligence agents to hold assets, conduct trades, and execute payments with little human involvement. The launch marks a notable step in the development of autonomous AI-driven commerce. Anvita is built to support real-time coordination and settlement between AI agents operating across various tasks.The platform incorporates tokenization services, enabling assets to be represented in digital form for use by AI agents. It also…
