A routine Radix code refactor created a vault flaw that enabled a roughly $1.3 million theft and later forced validators to halt the blockchain. The Radix Foundation said Sept. 17 that an RDX Works development team introduced the defect during a June 2023 cleanup of the Radix Engine, the software layer that executes transactions and…
The US sanctioned Iranian crypto exchange BitBank, widening its campaign against digital-asset infrastructure allegedly used to finance the Islamic Revolutionary Guard Corps (IRGC). On Sept. 17, the Treasury Department’s Office of Foreign Assets Control (OFAC) said that the sanctioned Iranian financier Babak Zanjani used BitBank between June and July to facilitate hundreds of millions of…
ETH witnessed a notable recovery after briefly plunging near $2,350 this week. The leading altcoin has since climbed over $2,480. At the same time, its transaction fees have fallen sharply, making the network cheaper to use. The average cost per ETH transfer has dropped to around $0.095 from this year’s peak of $0.72 on April…
Kevin O’Leary has re-entered the crypto market. At the Avalanche Summit in New York, he says that he is building fresh positions ahead of the next crypto market cycle. The O’Leary Ventures chairman said Bitcoin could eventually account for 1% to 3% of institutional alternative-asset allocations, a share he compares directly to how much gold…
Bitcoin’s rebound above $80,000 on Sept. 18 extended a technology-led relief rally. The move coincided with yen weakness and followed a return to Bitcoin ETF inflows the previous day. The advance was already underway in European trading, hours before weak US economic figures offered a possible argument against further monetary tightening. At press time, Bitcoin…
XRP Ledger (XRPL) developers are using mathematical proofs to test whether the network’s forthcoming lending market can be drained or become insolvent. On Sept. 17, protocol research firm Common Prefix said it is formally verifying XRPL’s Lending Protocol with Lean 4, a theorem-proving language designed to establish whether software satisfies defined mathematical properties across possible system…
Bitcoin broke above $80,000 for the first time since September 7, while more than $183 million in short positions were liquidated within a single hour. Total liquidations during that hour reached $192 million. More than 100,000 traders were liquidated over the broader daily timeframe, but forced deleveraging on that scale does not by itself settle…
Ethereum has recovered sharply from its mid-year lows and jumped past the key $2.5K level on Friday. The charts show a constructive improvement in the broader market structure, although ETH remains below several important higher-timeframe resistance levels. Meanwhile, the Coinbase Premium Index is once again negative, suggesting that the recent recovery has not been accompanied…
The regulator is moving ahead with crypto market rules as the SEC also opens a new path for tokenized stock trading.
XRP is consolidating after a sharp recovery from the sub-$1 area, with the price now attempting to stabilize around $1.35. The daily chart shows a major structural improvement following the recent rally, while the 4-hour timeframe suggests that the asset is still trading inside a descending channel that is guiding a corrective price action. Ripple…