Crypto

KelpDAO Hacker Launders Stolen ETH, THORChain Maintains Neutral Stand

A hacker involved in the KelpDAO breach has reportedly laundered stolen ETH through THORChain, raising alarm within the decentralized finance (DeFi) community. The move comes after Arbitrum froze approximately $71 million in ETH linked to the incident, stirring doubts about the security and reliability of DeFi platforms. THORChain, in response, emphasized its neutral position regarding the funds being processed. This incident underscores ongoing concerns over vulnerability in the DeFi space, as hacks and fraudulent activities persist. The community continues to call for improved security measures to safeguard assets against such breaches.

Crypto

CLARITY Act Advances Despite Bank Opposition, Aims to Address Gaps Left by GENIUS Act

The CLARITY Act is making progress in Congress, moving forward despite significant pushback from the banking sector. Proponents argue that the bill is essential for filling legal and regulatory gaps that the GENIUS Act left unresolved. Supporters believe the new legislation will enhance clarity in cryptocurrency regulations, ensuring better compliance

Base Introduces ZK-Proofs for Enhanced Security and Faster Transactions

Base has announced its transition to a hybrid model that incorporates zero-knowledge proofs (ZK-proofs). This strategic move aims to significantly enhance the security of its transactions while accelerating the finalization process. By leveraging ZK-proofs, Base seeks to improve user confidence and operational efficiency. The integration is expected to streamline transaction

Bitcoin Battles Profit-Taking: Can Demand Push BTC Price to $92K?

Bitcoin faces a crucial moment as profit-taking weighs on its current price. Market analysts note that short squeezes and ETF inflows could be pivotal in determining its trajectory. Additionally, the behavior of current holders is influencing market sentiment. Despite these challenges, demand could drive Bitcoin back to its previous highs,

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