Author: James Wilson
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The AWS outage is a reminder of how fragile modern digital systems have become when so much depends on a single provider. A fault in a domain name system (DNS) record triggered cascading failures across Amazon Web Services infrastructure, taking down over 14,000 websites and causing more than $1 billion in losses within just two hours, including Coinbase, MetaMask, and Robinhood among the casualties. When the functions came back online, data synchronisation caused a domino effect of…
Analysts highlight xrp, Chainlink and Cardano as potential winners if the Fed ends quantitative tightening and manufacturing PMI moves above 50, echoing 2019 patterns. Summary Dan Gambardello links altcoin bull phases to the end of quantitative tightening and manufacturing pmi rising above 50, with the current qt cycle ending in days. Chainlink and Cardano trade near 2019 QT-end levels versus bitcoin, with on-chain and risk scores still in relatively low zones. XRP’s legal overhang has cleared since the sec case, and its btc pair plus 39 risk score mirror conditions seen around the prior qt conclusion. As the U.S. Federal…
Large Bitcoin and Ethereum options expiry follows a major leverage washout, with open interest clustering near max pain while both trade just below key resistance. Summary Around 147,000 bitcoin options and 573,000 ethereum options expire Friday, with put/call ratios below 1 and heavy open interest near max pain. Recent PPI upside surprise and a sharp drop in derivatives open interest signal a leverage flush rather than a confirmed new bear market. Deribit notes positioning has stabilized around key support–resistance zones as crypto market cap stays steady and majors hover just under resistance. Approximately 147,000 Bitcoin options contracts are scheduled to…
Chrome Solana extension ‘Crypto Copilot’ covertly diverts user funds in swaps, highlighting browser crypto security risks. Summary Crypto Copilot Chrome extension embeds hidden transfer instructions in Solana swap transactions. Cybersecurity firm Socket uncovered secret fund diversions to attacker’s wallet via concealed commands. Incident highlights browser-based crypto tool vulnerabilities and need for user transaction verification. A Chrome browser extension designed for Solana cryptocurrency trading secretly diverts funds from users by embedding hidden transfer instructions in swap transactions, according to a report from cybersecurity firm Socket’s Threat Research Team. The extension, named Crypto Copilot, enables users to trade SOL (SOL) tokens directly…
Ethereum layer-2 megaeth will refund over $400m after a misconfigured multisig and third-party bridge issues derailed its usdm pre-deposit launch. Summary Megaeth will return all pre-deposit funds after technical failures pushed usdm deposits above $400 million. A misconfigured multisig let an external party reopen the bridge early, after outages at a third-party provider. Refunds await a contract audit, with a redesigned usdc-usdm bridge planned before the frontier mainnet beta. Ethereum Layer-2 project MegaETH announced it will refund all funds raised through its Pre-Deposit Bridge following operational failures that disrupted the launch of its native stablecoin, USDm, according to a statement…
Justin Sun has stepped further into the center of the $456 million TUSD reserve dispute with a public address in Hong Kong. Summary Sun outlined new claims about how TUSD reserves were pushed into high-risk, unauthorized investments between 2021 and 2022. He said he injected nearly $500M earlier this year to stabilize TUSD and welcomed Dubai’s global asset freeze tied to the disputed funds. Legal pressure is building in Hong Kong and Dubai as courts work to determine ownership of the diverted $456M. Justin Sun used a rare in-person media briefing in Hong Kong to give new details about the…
A new proposal on Balancer’s governance forum sets the stage for how the protocol plans to handle the next phase of its recovery effort. Summary Balancer has proposed a framework to distribute $8M in rescued assets after the V2 exploit. Whitehats would receive 10% bounties, while LP repayments would be pro-rata and paid in-kind. The Nov. 3 attack drained over $128M, prompting coordinated recoveries and community-wide mitigation efforts. Balancer has outlined a reimbursement plan that would return roughly $8 million in rescued assets to liquidity providers affected during the v2 exploit. The Nov. 27 proposal is the protocol’s first concrete…
Swiss crypto exchange-traded product provider Bitcoin Capital has launched a regulated ETP for the Solana-based meme coin BONK on Switzerland’s SIX Swiss Exchange, the company announced. Summary Bitcoin Capital has launched the first regulated exchange-traded product (ETP) for the Solana-based meme coin BONK. The product operates under Switzerland’s robust regulatory oversight. Bitcoin Capital plans to expand its BONK offerings, with the ETP structure designed to lock tokens and reduce circulating supply. The product marks the first regulated ETP for BONK in Europe, providing institutional and retail investors access to the meme coin through a traditional financial market structure. The BONK…
Tokenized real-world assets are projected to reach $60 billion in 2026, according to a report released by blockchain oracle platform RedStone. Summary RedStone’s report predicts substantial growth in tokenized assets. The trend is fueled by rising institutional interest in private credit, tokenized Treasuries, and equities. Private credit is projected to represent 45-50% of the tokenized asset market by 2026. The market has experienced substantial growth since late 2023, with institutional interest increasing in on-chain private credit, tokenized Treasuries, and tokenized equities, the report stated. Private credit currently represents the largest category within the tokenized asset sector and is expected to…
Bitcoin has recovered above a key resistance level following several days of selling pressure, though institutional selling from U.S.-based investors continues, according to market data. Summary After days of selling pressure, Bitcoin has rebounded above a key resistance level. The Coinbase Premium Index remains negative, signaling that US institutional investors are selling more aggressively than retail traders. Ongoing outflows from Bitcoin spot ETFs have been identified as a key factor behind the sustained institutional selling. The Coinbase Premium Index, which compares Bitcoin’s (BTC) price on Coinbase with Binance, remains in negative territory, according to analyst Darkfost. The metric indicates that…