Author: Cointelegraph by Ezra Reguerra
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Upbit suffers $36 million Solana hot wallet breach following parent company Naver deal
The breach highlights persistent security vulnerabilities in centralized exchanges, potentially undermining investor confidence and prompting stricter regulatory scrutiny of crypto custodial practices.
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Polygon Founder Considers Reinstating MATIC Brand Name After POL Transition
The founder’s consideration reflects ongoing brand identity challenges within blockchain projects, highlighting the tension between technical upgrades and community recognition for Polygon’s ecosystem.
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UK Financial Conduct Authority Tests Crypto Asset Disclosures in Regulatory Sandbox
The UK’s Financial Conduct Authority is testing crypto asset disclosure requirements with firms in a regulatory sandbox to assess market clarity and investor protection frameworks.
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BIS appoints IMF digital currency specialist to lead its innovation hub
The Bank for International Settlements appoints an IMF digital currency specialist to head its innovation hub, signaling a focus on central bank digital currencies and financial technology.
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Solana double disinflation proposal gains first major backer
The proposal aims to reduce Solana’s inflation rate, addressing long-term tokenomics and supply concerns, which could impact network security and SOL’s valuation.
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Metaplanet doubles Bitcoin-backed borrowing with a new $130 million loan
The company’s strategic move to double its Bitcoin-backed debt signals a growing corporate trend of using cryptocurrency reserves for capital efficiency and balance sheet optimization.
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Pump.fun Co-Founder Denies Reports of a $436 Million Cash-Out
The co-founder’s denial addresses market speculation and potential reputational concerns, highlighting the sensitivity around liquidity events and founder exits in the crypto startup space.
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Hyperliquid’s $314 million token unlock prompts demands for transparency
The $314 million token unlock at Hyperliquid highlights governance and transparency concerns in DeFi, pressuring protocols to improve communication with stakeholders and token holders.
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MicroStrategy Stock Slumps While Its Bitcoin Strategy Stays Profitable
MicroStrategy’s stock price decline contrasts with the profitability of its Bitcoin holdings, highlighting market skepticism about corporate crypto strategies despite asset performance.
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Solana and XRP ETFs attract inflows as cryptocurrency markets see heavy outflows
Solana and XRP exchange-traded funds experienced inflows while broader cryptocurrency markets faced significant capital withdrawals, indicating selective investor confidence in these specific assets.
