Author: John Smith

Nervos Network’s Force Bridge was hacked for $3.9 million in crypto, prompting an immediate shutdown as the team investigates the exploit. Blockchain security firm Cyvers Alerts first reported the incident in a June 2 post on X, noting that a suspicious address appeared to have taken control of the bridge. Several tokens were drained by the attacker, including 60,400 Dai (DAI), 539 Ethereum (ETH), 898,300 USD Coin (USDC), 257,800 Tether (USDT), and 0.79 Wrapped Bitcoin (WBTC).  The attack siphoned off approximately $3 million from the Ethereum side and an additional $800,000 from BNB Chain. In another update, blockchain security firm Hacken…

U.S.-based blockchain firm BTCS Inc. has increased its Ethereum holdings with the acquisition of 1,000 more Ether tokens worth $2.63 million via Crypto.com. BTCS Inc., a Nasdaq-listed blockchain company betting big on Ethereum (ETH), added another 1,000 ETH to its holdings through the cryptocurrency exchange Crypto.com. The purchase brings the company’s total ETH balance to 13,500. Having held 9,063 ETH at the end of the first quarter, the purchase means its growth in Q2 now stands at approximately 50%, BTCS Inc. said in an announcement on June 2, 2025. This expansion goes beyond a simple bet on the top altcoin…

Monero price rose for three consecutive days as investors bought the dip following last week’s crash.  Monero (XMR) climbed to $365, its highest point since May 28, and now sits 16% above its lowest level from last week. The rebound happened even as Bitcoin (BTC) and other cryptocurrencies wavered. It happened as the demand for privacy coins like Horizen (ZEN) and Zcash (ZEC) jumped.  On-chain data shows that Monero’s exchange outflows surged to $8.9 million last week—the largest jump this year. Exchange outflows typically indicate that investors are moving tokens into self-custody, a potentially bullish signal. Monero’s funding rate has…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Near Protocol tests AI for future scalability as Lightchain AI completes all 15 presale phases and enters final bonus round. Near Protocol is testing new AI models to enhance its blockchain capabilities, focusing on innovation and scalability. Meanwhile, Lightchain AI is delivering a complete presale roadmap execution, having successfully completed all 15 presale stages and now entering the Bonus Round. This milestone reflects strong investor confidence and growing momentum for its AI-native blockchain platform. Featuring a dedicated virtual machine…

After already securing $624 million in investments, Circle is seeking additional funding, which could raise its valuation to $7.2 billion. Following a successful initial public offering, Circle is now targeting a larger capital raise, the company stated on Monday, June 2. The stablecoin issuer is looking to issue up to 32 million shares priced between $27 and $28, potentially bringing in an additional $896 million in investments. This move follows a previous offering in which Circle raised $624 million from the sale of 24 million shares priced between $24 and $26. At that time, the company’s valuation reached $6.7 billion—placing…

Stocks opened lower on Monday, June 2 as investors began the new month on fresh jitters amid the ongoing trade tensions between the United States and China. Global stocks saw some downside action as Asian and European markets closed lower and U.S. stocks slipped. For the major U.S. indices, the Dow Jones Industrial Average dropped 160 points. Investor jitters also saw the S&P 500 pull back 0.4% and Nasdaq Composite open 0.5% down. A resilient stock market ended May in bullish territory despite the notable tariff-driven downswings that punctuated sentiment throughout the month. Dow edged 4% higher in May, while…

Binance has called the SEC’s dismissal of its lawsuit against the exchange a “big win for crypto, the United States, and the world.” Binance is celebrating the closure of a major case against it. On Friday, May 30, the U.S. Securities and Exchange Commission officially dismissed its lawsuit against the exchange and its founder, Changpeng Zhao. In an official statement, Binance said the decision signals that the U.S. is serious about crypto innovation. “Today is a big day for Binance, crypto, and the U.S. With the dismissal of the Securities and Exchange Commission’s long-standing case against us, one chapter closes,…

XRP price has crashed by 36% from its highest point this year, despite several positive developments, including ETF applications, the Hidden Road acquisition, and the conclusion of the SEC vs. Ripple case.  Ripple (XRP) price may have a strong bullish breakout in the coming weeks crypto.news predicted here. This forecast pointed to the formation of a bullish pennant pattern on the daily chart, the rising inflows in the XXRP ETF, and the management’s focus on dethroning Swift in the money transfer industry.  XRP rivals to buy for big gains This article highlights some of the top XRP rivals to buy…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Monero’s privacy surge has traders hunting for the next utility-driven gem, and Pepeto, a memecoin with real tools, is quickly emerging as a front-runner. XMR is gaining fast after cybercriminals laundered over $335 million in stolen Bitcoin through its privacy-focused network. This has reignited interest in low-cost tokens with real-world purpose. Pepeto, a meme-powered project on Ethereum with real utility, is emerging as a top contender. The crypto space was shaken by reports of 3,520 BTC stolen and cycled…

Pi Network price continued its recent sell-off as traders remained concerned about rising exchange outflows and upcoming token unlocks.  Pi coin (PI) has dropped for eight consecutive days, reaching a low of $0.6025, its lowest point since May 8 and now 61% below its March high. The coin’s sell-off has accelerated since the Pi Core Team launched Pi Network Ventures, an initiative that will provide $100 million in funding to projects on the network. While the ecosystem fund is a positive development, it was not what most traders had anticipated. Social media users largely expected an exchange listing from major…