The post LayerZero Executor Wallets Reportedly Compromised in $2.4 Million Crypto Theft appeared first on Coinpedia Fintech News Blockchain security firm PeckShield said Specter has reported that LayerZero Executor wallets appear to have been compromised, with about $2.4 million in crypto drained across multiple networks, including Ethereum, BNB Chain, Base, Arbitrum, Avalanche, Optimism, Mantle and Plasma. The attacker reportedly bridged the funds to Ethereum and converted most of the assets into 956 ETH …

The post Van de Poppe Spots Altcoin Signal After Six Months of Bitcoin Strength appeared first on Coinpedia Fintech News Bitcoin has spent nearly six months holding above the $58,000 level despite one negative headline after another. While many traders continue to expect a drop toward $40,000, crypto analyst Michaël van de Poppe explained the market is sending a very different message. According to the analyst, Bitcoin’s resilience is the biggest bullish signal right now, …

The post South Korea to Recognize Crypto as a National Asset appeared first on Coinpedia Fintech News South Korea, one of the world’s biggest crypto markets with nearly 15% to 20% of global trading volume, is planning to bring cryptocurrencies under a new national asset law.   The move also comes alongside plans for stablecoins, tokenized bonds, and spot Bitcoin ETFs. South Korea State Asset Law to Include Crypto On July 15, during …

The post Five Altcoins Trending Today: PENGU, ARROW, ADI, CASHCAT and AERO Are Moving appeared first on Coinpedia Fintech News The crypto market remains volatile, but a handful of altcoins are attracting strong investor interest. This is thanks to ecosystem developments, exchange listings, and growing trading activity.  Here’s a look at the five trending cryptocurrencies today and what’s driving the buzz. Pudgy Penguins (PENGU) – NFT Token Holds Momentum PENGU is trading at $0.006059, with …

The post Ethereum Treasury Firms Back New Institutional Privacy Initiative appeared first on Coinpedia Fintech News EthSystems has launched to develop privacy infrastructure for institutional use on the Ethereum network after spinning out of the Ethereum Foundation’s Institutional Privacy Task Force. The project is backed by Bitmine, SharpLink, and Ethereum co-founder Joe Lubin. It aims to enable selective disclosure, allowing institutions to use blockchain-based assets such as stablecoins, bonds and settlements …

The post Crypto India: 80% of Crypto Trading in India Is Now Futures. Is the 1% TDS to Blame? appeared first on Coinpedia Fintech News More than 80% of crypto trading on Indian exchanges now happens in futures and derivatives instead of spot markets. While many traders have shifted to avoid the 1% Tax Deducted at Source (TDS) on spot trades, the move comes with higher risks. Industry estimates suggest that 70% to 80% of retail crypto futures traders are …

The post PayPal Stock Price Gains 15% as Stripe, Advent Pursue $53 Billion Deal appeared first on Coinpedia Fintech News PayPal stock is making headlines across Wall Street after reports that Stripe and Advent International are pursuing a $53 billion acquisition of the fintech giant. The proposed deal sparked a nearly 15% premarket rally in PYPL stock, instantly turning one of the market’s biggest laggards into one of its strongest performers. As investors digest the …

The post Strategy CEO Says Bitcoin Must Crash to $8000 Before Debt Becomes a Real Risk  appeared first on Coinpedia Fintech News Strategy CEO Phong Le has pushed back against concerns over the company’s growing debt. He said Bitcoin would have to plunge to $8,000-$10,000 before its balance sheet comes under real pressure. Speaking to Bloomberg, Le said Strategy remains financially secure despite the current bear market. In addition, the company is positioning itself for Bitcoin’s next …

The post Coinbase Says AI Now Assists Nearly All of Its Code Development appeared first on Coinpedia Fintech News Coinbase’s Head of Platform, Rob Witoff, said 95% to 100% of the company’s code is now written by or with the assistance of AI, up from about 40% in February, according to a Cointelegraph interview. He said nearly all employees use AI daily, with engineers typically running 5 to 10 AI agents at a time, …

The post Crypto Rally Returns: Bitcoin, Ethereum and XRP Extend Rally on Fresh Buying appeared first on Coinpedia Fintech News The crypto market is showing signs of life again, with Bitcoin price reclaiming the $65,000 mark and lifting Ethereum, XRP, and most major altcoins higher. But this isn’t just another relief bounce. A combination of cooling U.S. inflation, renewed expectations for Federal Reserve rate cuts, and one of the largest short-liquidation events in recent sessions …