Hackers exploit bridge for over $11 million A cross-chain bridge between Verus and Ethereum was attacked, resulting in a loss of over $11 million. The issue is similar to past bridge exploits, such as Wormhole and Nomad, and stems from verification failures.
The currency pair falls to a two-month low as risk aversion and higher US yields bolster the US Dollar ahead of key economic data. EUR/USD trades near 1.1596, its lowest level in two months, as the US Dollar strengthens amid risk-off sentiment and rising Treasury yields. T
The US Dollar Index climbs for a second day as fresh geopolitical risks boost demand for the safe-haven currency. The US Dollar Index (DXY) traded near 99.50, extending gains to a six-week high as renewed trade threats weighed on risk sentiment. The index, which tracks the
Labor action at the world’s top memory-chip maker risks disrupting global semiconductor supply chains amid stalled wage talks. Samsung Electronics’ union will strike Thursday after mediation talks with management collapsed, citing delays in decision-making. The union accep
USDT gains $5 billion as other stablecoins shrink The total stablecoin supply has surpassed $300 billion, but growth has slowed significantly. Over the past month, Tether's USDT expanded by more than $5 billion. In contrast, USDC, USDe, and PYUSD together f
Citi warns oil markets underestimate supply risks, forecasting near-term Brent at $120 with a bull case of $150 if Hormuz reopens slowly. Citi forecasts Brent crude prices will climb to $120 per barrel in the near term, citing underpriced risks of prolonged supply disrupti
Vitalik Buterin argues Layer 2 projects with backdoors or partial decentralization offer little advantage over centralized servers. Ethereum co-founder Vitalik Buterin stated on July 3, 2025, that many Layer 2 (L2) projects claiming decentralization retain instant backdoor
Markets expect UK inflation to cool to 3% YoY in April, potentially easing pressure on the Bank of England to maintain tight policy. UK inflation is forecast to slow to 3% year-over-year in April, down from 3.3% in March, according to consensus estimates. The decline refle
The New Zealand Dollar weakens against the US Dollar amid higher Fed rates and geopolitical tensions in the Middle East. The NZD/USD pair dropped to around 0.5820 during Asian trading on Wednesday, extending losses below 0.5850. The decline follows broad USD strength drive
Rising US rate expectations and geopolitical risks lift the USD, pushing the NZD/USD pair to a near-term low near 0.5820. The NZD/USD pair dropped to around 0.5820 in Asian trading on Wednesday, pressured by a stronger US Dollar. Escalating Middle East tensions and a hawki
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