Crypto-focused neobank Infini has suffered a $49.5 million exploit, with the attacker swapping stolen funds for Ethereum before moving them to a separate wallet. The breach follows a string of major crypto security incidents, including Bybit’s $1.4 billion hack. How the Attack Unfolded CertiK first detected the suspicious activity on
The Stablecoin market cap leapfrogged the $211 billion mark amid USDC’s positive momentum. As per the recent report by Alphractal, a data analysis platform, the stablecoin market has witnessed tremendous growth since 2023 which was driven by USDT (Tether). According to a report, the stablecoin market surged by 73% from
As the crypto market struggles to maintain its bull rally, several developments and collaborations are taking place to contribute to the overall crypto adoption. One such collaboration is the latest Binance and Circle strategic partnership. Binance CEO Richard Teng joins hands with Circle CEO Jeremy Allaire to strive toward the
A crypto whale withdrew $5 million in USDC from Binance just 12 hours ago, making waves in the market. The funds are intended for a high-stakes bet on Kamala Harris winning the U.S. presidential election. A whale withdrew 5M $USDC from #Binance to bet on #Harris winning the #USelection 12
Circle, the issuer of the stablecoin USDC, has officially signed a Memorandum of Understanding (MOU) with Hong Kong Telecom (HKT) to explore a blockchain-based customer loyalty solution customized for merchants in Hong Kong. This partnership focuses on leveraging Web3 technology to create dynamic engagement experiences between consumers and merchants. According
At the recent Token2049 event, the Sui Foundation made a significant announcement regarding the imminent support for native USDC on the Sui network. Currently, NAVI stands as the top DeFi protocol on Sui, with $120M in USDC liquidity. This constitutes the 3rd largest USDC supply in the industry, next to
Circle, the issuer of leading stablecoin USDC, has announced its expansion into Australia and the Asia-Pacific region, marking an important step in its global strategy. This move comes through a partnership with venture capitalist Mark Carnegie’s MHC Digital Group. Further, they aim to boost the utility of USDC by tapping
The native cryptocurrency of the SUI layer one blockchain is gaining momentum, approaching its previous all-time high of $2.18—recorded during the March bull run. Over the last 24 hours, SUI displayed a significant uptick of over 13%, climbing from a low of $1.43 to a high of $1.64 before stabilizing
In 2025, Circle, an issuer of stablecoins, intends to relocate its headquarters to Wall Street, as stated by CEO and founder Jeremy Allaire. The company is also proceeding with its initial public offering (IPO). In January, Circle submitted an initial public offering (IPO) application to the US Securities and Exchange
Sui Network’s SUI token has been making significant progress, recently overtaking memecoin PEPE and Monero (XMR) in key indicators such as market cap, trading activity, and volume-to-market cap ratio. Over the past 24 hours, SUI’s price surged by more than 6.5%, rising from $1.02 to a high of $1.18. Along
