Author: Yeek.io

In a major security breach of the new month, the Nervos Network’s Force Bridge has suffered a $3 million exploit with the hacker stealing multiple assets and swapping it all into ETH, prior to white-washing it through Tornado Cash. Force Bridge is a cross-chain protocol that connects Ethereum and Nervos. The onchain security firm Cyvers reported the incident on X, revealing that a suspicious address gained control of the bridge and siphoned off assets including 257.8K USDT, 539.09 ETH, 898.3K USDC, 60.4K DAI, and 0.79 WBTC. The stolen funds were swiftly swapped to ETH and funneled through Tornado Cash, a cryptocurrency…

FLR crypto rallied for the third straight day following reports of a partnership with Uphold to introduce XRP staking via the Flare Network. According to data from crypto.news, Flare (FLR) rose 12% to an intraday high of $0.0198 on June 2, bringing its year-to-date gains to over 72% at the time of writing. Its market cap stood at $1.25 billion, while daily trading volume surged by 160% compared to the previous day. The rally also appears to be drawing in derivatives traders. Open interest in FLR futures climbed 12% to $4.8 million, the highest since May 23, as traders moved…

Telegram-linked The Open Network has resumed operations after a brief outage on June 1 that halted block production. On June 1, TON developers announced that a fix was deployed 40 minutes after the issue was identified. According to TON’s official update, the incident stemmed from an error in the processing of the masterchain dispatch queue, temporarily disrupting block production.  The development team successfully isolated the problem and quickly implemented a corrective patch, as updating only a few masterchain validators was sufficient to resume block production and restore network consensus. Developers have also confirmed that no user assets were affected by…

French prosecutors have formally charged 25 people, some as young as 16, in connection with a series of attempted kidnappings targeting crypto industry figures and their families. According to local media, the charges follow a string of high-profile abduction plots that have shaken France’s growing digital asset community. The suspects, aged between 16 and 23, are believed to be linked to coordinated efforts to kidnap individuals with ties to cryptocurrency wealth, often using stolen vehicles and fake courier branding to carry out the attacks. Central to the latest indictments is the widely reported May 13 kidnapping attempt in Paris, where…

Spot Bitcoin ETFs saw a notable shift in investor sentiment last week, as uncertainty surrounding Donald Trump’s trade policies and profit-taking led to a reversal in inflow trends. According to SoSoValue data, the 12 spot Bitcoin ETFs in the U.S. recorded $157.4 million in outflows over the past week from May 27-30, ending a six-week inflow streak that drew in over $9 billion into the funds. Among the funds hit hardest was ARK 21Shares’ ARKB, which saw $281.9 million pulled by investors. Fidelity’s FBTC wasn’t far behind, recording outflows of $198.8 million. Grayscale’s GBTC and Bitwise’s BITB also took a…

BRETT had a bearish market structure on the 4-hour chart, while challenging the $0.051 low from earlier in May There was the possibility of a range formation and an impulse move back towards $0.09, the local high Brett [BRETT] saw a strong uptrend in the second half of April, following Bitcoin’s [BTC] rally that took its price from $76k to $111k in May. The memecoin rallied from $0.034 to $0.091 – A 166% move in just under three weeks. A recent report found that the latest Bitcoin price drop from near $110k to $103.5k was a reset and not a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Ethereum price has slowed down — repeatedly failing to breach the resistance zone around $2,800 — over the past few weeks after making a strong start to the month of May. The second-largest cryptocurrency will aim to replicate this brilliant form in the early days of June in order to reclaim the coveted $3,000 level over the coming months. Since losing the $3,000 level in early February, the price of ETH has struggled to build a sustained bullish momentum, reaching only above $2,700 multiple times in…

Cardano price has slipped in the past few weeks, and the sell-off may continue after it dropped below key support levels and as whales started to capitulate.  Cardano (ADA) price dropped for five consecutive days, reaching a low of $0.65, its lowest level since May 8. It has dropped by over 21% from its highest point in May and by 50% from its November 2024 high. On-chain data shows that Cardano’s investors have started to capitulate. According to Santiment, the number of ADA holders has dropped to 4.49 million, down from 4.55 million at the highest point in May.  More…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum is entering a decisive phase as it battles to hold the $2,500 support level after several failed breakout attempts above $2,700 in recent weeks. The broader market is under pressure, but Ethereum remains a focal point for analysts who believe a breakout from this range could ignite a full-blown altseason. While volatility remains elevated, sentiment is slowly shifting as on-chain and market activity reveal encouraging trends. One of the strongest signals comes from Binance, where Ethereum whale activity is once again surging. According to recent data,…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Ethereum is taking the lead in the crypto market as Bitcoin continues to consolidate near its all-time highs. After months of lagging behind BTC, ETH is now making a strong move, with bulls pushing price action toward the critical…