Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The crypto market is moving through uneven momentum as different narratives compete for attention. Toncoin remains tied to its messaging-based ecosystem and steady network usage. Shiba Inu continues to rely on strong community participation and periodic meme-driven cycles across retail sentiment shifts. Bonk Coin tracks closely with Solana activity, often reacting quickly to broader ecosystem moves.
BlockDAG is drawing increased focus due to its now live Legacy Sale offering BDAG at a $0.00000044 price and a buyback program allowing holders to sell coins at $0.001 per coin. This is where the next big crypto discussion intensifies, as direction splits across utility, community, and sentiment-led assets. BlockDAG currently sits within a more active participation cycle compared to its peers.
1. BlockDAG: Live Legacy Sale Drives Buyback Program Access Table of Contents
1. BlockDAG: Live Legacy Sale Drives Buyback Program Access2. Toncoin: Price Holds Near $2 Range Stability3. Shiba Inu: Market Driven by Social Sentiment4. Bonk Coin: Volatility Driven by Solana SentimentThe Bottomline The Legacy Sale is now live, allowing participants to access the Buyback Program through their dashboard after purchase by selecting “Sell Coins.”
There are two participation routes. Legacy Sale buyers can register their BDAG in the dashboard for the Buyback Program with no swap required. Existing holders may also participate by acquiring BDAG via BDAG SWAP at a discounted rate and sending tokens to the designated buyback wallet, subject to a daily submission cap per wallet.
Eligible BDAG submitted under the Buyback Program will be repurchased, with payments made in USDT to the registered wallet by November 1, 2026. Proof-of-funds wallets have also been added to the “Sell Your BDAG” page for added transparency.
The next big crypto discussion often centers on assets where timing and access shape participation more than passive holding. In this case, attention is focused on the narrowing buyback window and how quickly conditions are expected to change within a short timeframe.
Overall, BlockDAG is experiencing a moment where urgency is driven by a clearly defined buyback adjustment, making timing a critical variable for those engaging with the current participation opportunity.
2. Toncoin: Price Holds Near $2 Range Stability Toncoin is a blockchain asset within The Open Network ecosystem, primarily used for payments, staking, and network-based transactions. It has maintained steady visibility due to ongoing ecosystem activity and integration with messaging-based applications.
Price movements have reflected broader market conditions, with periods of volatility followed by consolidation rather than sustained directional trends. Toncoin is currently trading in the approximate range of $2.00–$2.10, based on recent market data, with intraday fluctuations across exchanges.
In broader discussions around the next big crypto, Toncoin is often referenced due to its established position among large-cap assets and consistent network usage. Its price behavior continues to be shaped by market sentiment and overall crypto cycle movements rather than isolated momentum shifts.
3. Shiba Inu: Market Driven by Social Sentiment Shiba Inu remains a widely recognized meme-based cryptocurrency, driven primarily by community participation, social sentiment, and periodic retail-driven interest. Within the next big crypto discussion, it is often referenced as an example of a sentiment-led asset that tends to move in short cycles rather than sustained trends.
Its ecosystem includes additional utility components, but price action continues to be influenced mainly by broader market mood and liquidity shifts across exchanges. Shiba Inu is currently trading around $0.0000055 USD, with minor fluctuations reflecting overall crypto market volatility. Despite cyclical movement patterns, it maintains consistent visibility due to its large holder base and active trading presence across major platforms.
4. Bonk Coin: Volatility Driven by Solana Sentiment Bonk Coin operates within the Solana ecosystem as a meme-driven token influenced heavily by community activity and broader network sentiment. Price action tends to respond quickly to shifts in liquidity and trading interest across the ecosystem.
Bonk Coin is currently trading around $0.0000055 USD, with short-term movement driven largely by speculative flows and overall market conditions. Within the next big crypto discussion, it is often referenced as part of Solana’s meme segment that experiences sharp but sentiment-led price cycles rather than steady directional trends.
Its behavior remains closely tied to retail engagement patterns, where momentum builds and fades in line with broader crypto market risk appetite.
The Bottomline Toncoin continues to trade near the $2 level as it tracks broader market cycles, while Shiba Inu remains around $0.0000055 with movement shaped by shifting sentiment. Bonk Coin also holds near $0.0000055, reflecting fast reactions to Solana-driven liquidity changes. These assets remain active, but their direction largely follows the overall market rhythm rather than setting it.
BlockDAG, however, is currently defined by timing sensitivity around its $0.001 buyback window, creating a clear focus on execution over waiting. At the same time, BDAG remains available at $0.00000044 with direct buyback program access and 30% off live swap access, adding another layer of participation interest.
This mix of structured timing and accessible entry points keeps BlockDAG in the next big crypto narrative as attention shifts toward assets where timing directly shapes opportunity. Momentum continues building as engagement tightens around its current window.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...
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Last updated:
February 16, 2024
In the latest episode of the Cryptonews Podcast, host Matt Zahab sat down for a meaningful discussion with Jon Trask, the CEO of the blockchain-based, agriculture technology-focused Dimitra platform.
In this exclusive interview, Jon Trask talked about:
blockchain and Web3 technologies revolutionizing agriculture across Africa and the globe; how Dimitra utilizes AI, machine learning, IoT, and data-driven insights to combat deforestation; Dimitra’s NFT Avocado initiative facilitating farmers with access to the necessary funds required for their farms to flourish; the future of blockchain tech in farming and agriculture; traceability and using blockchain to improve farmers’ lives. Watch the Full Episode with Jon Trask
Check out below some of the many things Trask and Matt discussed.
From Farming to Big Tech
Trask noted that he grew up on his grandfather’s farm, after which he got into tech and supply chain business. He, in fact, worked for a number of multinational corporations in the food industry.
Six years ago, he built a blockchain-based identity system to manage businesses and farmers in Africa. Shortly after that, Trask traveled to DRC to witness some of the disparity between agriculture in Africa and agriculture in Canada, for example.
“There was a real need for things that we considered easily available and basic on farms in Canada,” he said, but farmers were not using it in Africa. This was due to availability, price, and technological accessibility.
“And we felt maybe we could do something about that.”
His colleagues and he started looking for other opportunities to expand upon the identity software that they had built. They created the foundation of Dimitra.
Dimitra Is Designed To Help Smallholder Farms
Smallholder farmers in the food industry make up just under 10% of the world’s population. But they’re very underserved from a tech perspective and earn very little for their effort.
Per Trask,
“A lot of them are really just focused on feeding their family and selling food into the community.”
He started working on bridging some of the gaps. For example, in Kenya right now, to be able to move their product out of the country and earn money for their product, need to meet several conditions. These include traceability, regulatory standards, satellite reports in order to tell if they’re deforesting their farm or not, etc.
“And we do that through working with cooperatives and governments in many of these countries. And I wake up with a smile on my face every day, I wake up happy to help and serve the community and work with all these great people around the world.”
Bringing Easy Access Through Mobile Apps
Dimitra has several valuable mobile applications. Farmers in the world, particularly in developing countries, have access to phones but don’t typically have laptops or PCs.
Dimitra has two Android apps focused on livestock, a government application that works on genetics, as well as apps for coffee and cacao farmers, among others.
The apps help farmers identify the aspects that work and those that need to be improved to increase and enhance production.
“Once they grow the crop, then we start to track and trace.”
In one of the examples Trask offered, he showcased how satellite analysis can help enrich solis with the correct supplements to boost crop output.
Solok Radjo in Indonesia is one of our cooperatives, 3300 farmers on the side of the mountain in Sumatra, all with coffee farms. And so we start with the satellite report and then we do some soil analysis. We know by the soil analysis that their soil is not pH rich. And if we can increase the pH by using calcium carbonate, we can increase their output. In some cases, we can triple or quadruple their output for a small investment.
Information like this is offered to Dimitra users throughout the ecosystem of mobile apps. Farmers get details about the soil, crop production, enhancements they can introduce and weather patterns they can expect. All in an easily accessible mobile app.
To find out how Dimitra uses blockchain technology to fight against deforestation, and how NFTs can help raise funding for farms, check out the whole Cryptonews Podcast episode here.
____
About Jon Trask
Jon Trask is the CEO and Founder of Dimitra and has been working with blockchain since 2017.
Prior to founding Dimitra, Trask had an extensive career building and developing enterprise software solutions to revolutionize supply chain processes and improve immutable traceability.
A recognized expert in his field, he is also the Founder and CEO of Blockchain Guru and a Partner with the Blockchain Training Alliance.
Trask’s mission now is to increase farming connectivity worldwide, particularly with those disenfranchised, and to leverage the power of innovative technologies to bridge farming and tech.
The CEO also won the 2023 Government Blockchain Association Annual Achievement Award in the “Social Impact” Category.
Mantra teamed up with agri-tech leader Dimitra in a bid to bring scalable blockchain solutions to global agricultural and sustainability projects — marking yet another move in the project’s push to regain investor trust after the recent fallout.
According to an announcement shared with crypto.news, Dimitra, a global leader in agri-tech and sustainability solutions leveraging blockchain and AI, has partnered with Mantra (OM), a regulated layer-1 blockchain purpose-built for RWA tokenization. The collaboration connects agricultural projects with investors that are after transparent, asset-backed investment opportunities, utilizing MANTRA’s regulation-ready blockchain.
Phase one will focus on cacao production in the Amazon region of Brazil and a forest conservation project in Mexico. The Mexico project alone is expected to generate approximately 1 million traceable carbon credits over the next 10 years. Dimitra’s proprietary carbon monitoring tools will ensure transparency and verification of these credits, making them easier to trade and invest in.
“These two projects are just the beginning. When we demonstrate how real-world asset tokenization facilitates project financing, both can be scaled significantly,” said Jon Trask, CEO of Dimitra Incorporated. “In Mexico, for example, we’re starting with 19,000 hectares expected to generate 1 million carbon credits and over $15 million in revenue over the next decade. But the potential is much greater — the Fundación Álica manages over 300,000 hectares, and we’re ready to expand.”
The partnership with Dimitra marks another significant milestone in Mantra’s recovery following the recent fallout, where OM price crashed from $6.26 to an intraday low of $0.42, causing a major loss of trust in the RWA tokenization blockchain.
It comes on the heels of another major collaboration, where blockchain analytics platform Nansen joined as a validator on the MANTRA Chain, lending institutional credibility to the project. At the same time, MANTRA is still pushing forward with its token burn initiative aimed at winning back community trust.
However, OM price continues to trade within a tight range between $0.37 and $0.42, having recently attempted a breakout but failing to gain momentum.
The Diamond Tokenization SetupBilliton Diamond and Ctrl Alt moved over AED 1 billion ($280 million) worth of certified polished diamonds on-chain in the UAE.
Ripple’s enterprise custody tools secure the physical diamonds, while the XRP Ledger creates digital tokens representing ownership.
Adding to its infrastructure push, Ripple secured full Electronic Money Institution approval from Luxembourg’s financial regulator last week, pushing its global regulatory approvals beyond 75.
This follows recent UK approvals, reinforcing Ripple’s position as one of the most heavily licensed crypto firms.
The Regulatory RoadblockThe broader platform launch requires approval from Dubai’s Virtual Assets Regulatory Authority (VARA).
Until then, the $280 million represents a controlled pilot rather than an open marketplace.
Critical details remain unclear.
The companies did not explain how someone holding a diamond token would redeem it for the physical stone, what the minimum purchase size would be, or how individual stones get priced—all essential for real trading.
Dubai’s DMCC coordinated the project as the emirate positions itself as a hub for tokenizing real-world assets like commodities and luxury goods.
The Trading ChallengeCreating blockchain tokens for diamonds is the easy part.
The harder challenge is building a marketplace where these tokens actually trade with reliable prices and smooth redemptions.
Each diamond is unique, with individual characteristics affecting value—cut, clarity, color, and carat weight.
This makes pricing more complex than tokenizing gold or oil, where units are identical and fungible.
The companies acknowledged this hurdle, mentioning a longer development timeline for features like custody transfers and secondary-market trading.
However, without concrete plans for redemption mechanics and pricing, questions remain about moving beyond the pilot phase.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Dubai is taking a bold step in luxury and finance as Billiton Diamond and Ctrl Alt announce a new initiative to put polished diamonds on the blockchain. The project has already tokenized more than AED 1 billion (over $280 million) worth of certified diamonds held in the UAE, making it one of the largest real-world asset tokenization efforts to date.
The partnership aims to transform diamonds—traditionally illiquid and difficult to verify—into transparent, secure, and easily transferable digital assets. Ctrl Alt is responsible for converting the physical diamonds into blockchain-based tokens, while Ripple’s custody technology ensures ownership remains safe, auditable, and tamper-proof.
The tokenized diamonds are issued on the XRP Ledger (XRPL), chosen for its fast settlement speeds and low transaction costs—key advantages when handling high-value luxury assets. Each token is backed by a certified physical diamond stored securely in the UAE, with full traceability and real-time verification.
Billiton plans to launch a dedicated digital platform where buyers and sellers can view diamond inventory, certification records, and ownership details instantly. The platform may later enable regulated secondary trading, opening the door for improved liquidity and faster settlement for manufacturers, traders, and investors.
DMCC has played a central role by connecting stakeholders and guiding the regulatory framework, reinforcing Dubai’s growing leadership in blending physical commodities with advanced financial technology.
Executives from Billiton, Ctrl Alt, DMCC, and Ripple describe the initiative as a new benchmark for bringing high-value assets on-chain. Crypto analyst WrathofKahneman called it a major step forward for real-world asset adoption, while Bill Morgan joked that although his wife can’t wear a tokenized diamond, she might still want one.
Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQsWhat is diamond tokenization and how does it work?
Diamond tokenization converts physical diamonds into digital tokens on blockchain, allowing secure, transparent, and tradable ownership.
How does tokenizing diamonds benefit investors?
It increases transparency, reduces costs, and improves liquidity by making diamonds easily tradable digital assets with clear provenance and ownership records.
Is tokenized diamond trading regulated in Dubai?
Yes, all trading of tokenized diamonds will require approval from Dubai’s Virtual Assets Regulatory Authority (VARA), ensuring compliance and investor protection.
Story Ends Here
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Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Institutional ownership of U.S. spot Bitcoin ETFs (exchange-traded funds) changed only slightly despite BTC’s price decline of 23% in Q4 2025.
According to aggregated data from 13F filings with the SEC, institutional holdings dropped from 532K BTC (Q3 2025) to 513K BTC (as of Q4 2025)—a 19K BTC decline.
This translated to a 3.5% decline in the institutional holdings of BTC.
Source: X/Root Overall, institutions still held over half a million BTC.
With the asset entering a bear market phase in early 2026, it will be interesting to gauge whether institutions can be diamond hands in an extended crypto winter.
The U.S. spot BTC ETFs debuted in 2024, right at the onset of this cycle’s bull run. BTC price went parabolic afterward, surging from $40K to $72K, then to $100K, and finally topping out at $126K.
This marked a +220% run since they debuted.
However, BTC’s pullback worsened in 2026, halving its value. In fact, it broke below the average cost basis of BTC ETFs of $84.1K.
Now, the average ETF holder is about 20% underwater based on the press-time BTC price of $68K.
Since this is the products’ first crypto winter, it’s unclear whether the ETF investors will still hold during the capitulation. The 13F filings for Q1 2026, set to be released in Q2, will help shed light on their action.
Institutional vs. retail Bitcoin: ETF share From a dominance perspective, the retail still commanded the U.S. spot BTC ETF holdings. Of the 1.27 million BTC held by ETFs, over 700K BTC are held by retail investors.
Source: X/Root Although institutional holdings have been rising since 2024, climbing 10% to a high of 40% by Q3 2025, they stagnated in late 2025.
However, compared with Q3 2025, institutions’ dominance slipped only 1%. So, despite retail still commanding the market share, institutions were still holding the line.
But based on the number of firms holding BTC ETFs, there was a 14% fall. Firms that reported owning BTC ETFs decreased from 2173 to 1867, the highest drop since 2024.
Source: X/Root Even so, 17 out of the top 25 institutional BTC ETF holders increased their exposure in Q4, including major banks (JPMorgan Chase), sovereign wealth funds (Mubadala), and asset managers (BlackRock).
Overall, the institutional share of BTC ETFs was unchanged last year. But it remains to be seen whether they’ll remain diamond hands after crypto winter in Q1 2026, especially with current ETF outflows rivaling Q4 levels.
Source: Glassnode Final Summary Institutional share of BTC ETFs was unchanged in Q4 2025, dropping only 1%. More than half of the top 25 BTC ETF holders increased positions last quarter.
Foris DAX MT Limited is a limited liability company incorporated in Malta with Company registration number C 88392 and registered office at Level 7, Spinola Park, Triq Mikiel Ang Borg, SPK 1000, St. Julians, Malta, trading under the name Crypto.com, duly authorized by the Malta Financial Services Authority as a Crypto-Asset Service Provider pursuant to Regulation 2023/1114 on Markets in Crypto-Assets as implemented in Malta by the Markets in Crypto Assets Act. Foris DAX MT Limited is authorized to provide the following services: 1. Exchange of crypto-assets for funds; 2. Exchange of crypto-assets for other crypto-assets; 3. Reception and transmission of orders for crypto-assets on behalf of clients; 4. Execution of orders for crypto-assets on behalf of clients; 5. Transfer services for crypto-assets on behalf of clients; and 6. Custody and administration of crypto-assets on behalf of clients.
The Cash Account is provided by Foris MT Limited. The Crypto.com Visa Card is issued and promoted by Foris MT Limited pursuant to its Visa Principal Member (Issuing) license. Foris MT Limited is a limited liability company incorporated in Malta with company registration number C 90348 and registered office at Level 7, Spinola Park, Triq Mikiel Ang Borg, SPK 1000, St. Julians, Malta, duly authorized by the Malta Financial Services Authority as a Financial Institutions licensed to issue electronic money under the 3rd Schedule to the Financial Institutions Act (Electronic Money Institutions).
Any other product or service offered and advertised on this webpage or the Crypto.com App is provided by other group companies and does not fall within the Foris DAX MT Limited or Foris MT Limited regulated services.
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In major XRP news today, Ripple-backed Ctrl Alt completes the diamond tokenization deal with Billiton Diamond. Ripple executive Reece Merrick confirmed that the tokenized assets are now live on XRP Ledger (XRPL).
XRP News: $280 Million in Diamonds Are Now Tokenized on XRPL Reece Merrick, Ripple managing director for the Middle East & Africa, has highlighted the successful completion diamond tokenization deal between Dubai-based Billiton Diamond and tokenization firm Ctrl Alt.
More than $280 million (over AED 1 billion) worth of certified polished diamonds are now tokenized on the XRPL. This RWA tokenization project bridges commodities with blockchain by leveraging Ripple’s enterprise-grade custody infrastructure.
“The tokenization of 1 Billion+ AED in diamonds by Ctrl Alt and Billiton Diamond isn’t just a win for the UAE, it’s a masterclass in how the XRP Ledger handles high-value RWA at scale,” said Reece Merrick.
He also pointed out how Ripple is solving the “trust gap” in digital commodities. Notably, Ripple Custody is providing bank-grade vaulting and tokenization on the XRPL to turn illiquid luxury goods into tradable assets.
Merrick also spotlighted Ripple and its partners’ work with the UAE’s forward-thinking ecosystem DMCC and VARA to set a global standard.
Ripple-Backed Ctrl Alt and Billiton Diamond Deal Billiton Diamond and Ctrl Alt announced the deal to tokenize diamonds worth $280 million. It uses Ripple’s custody technology to secure the assets and the XRP Ledger to mint tokens tied to physical inventory. In recent XRP news, Ctrl Alt launched tokenized real estate trading after a partnership with the Dubai Land Department.
XRPL offers the advantages of scalability, speed, minimal fees, and regulatory alignment. This move demonstrates XRPL’s growing demand in RWA tokenization. Until now, the value of assets tokenized on XRPL has reached $1.96 billion.
Experts see this as part of a larger trend where luxury and physical goods move on-chain, potentially boosting XRPL usage and utility for XRP. Reece Merrick noted it sets “a new standard for transparency and efficiency in global finance.”
Ahead of crypto options expiry, XRP price is trading more than 3% lower at $1.39. The 24-hour low and high are $1.39 and $1.45, respectively. Furthermore, trading volume has tumbled more than 30% over the past 24 hours.
TLDR: TRON DAO joined DC Blockchain Summit 2026 as a Diamond Sponsor, engaging policymakers on digital asset regulation. Justin Sun delivered a keynote on building unified financial infrastructure combining blockchain and traditional finance. TRON DAO’s Adrian Wall moderated a session on U.S. crypto regulatory clarity alongside Representative Dusty Johnson. TRON DAO hosted a VIP Lounge at Capital Turnaround, creating space for direct policy and ecosystem conversations. TRON DAO joined the DC Blockchain Summit 2026 as a Diamond Sponsor in Washington, D.C. The Digital Chamber hosted the event on March 17–18, drawing policymakers, regulators, and industry leaders.
Discussions covered blockchain regulation, digital assets, and the future of financial infrastructure. TRON DAO used the platform to advance policy dialogue and present ecosystem developments.
The summit marked another step in the organization’s ongoing engagement with U.S. regulatory conversations.
Justin Sun Outlines a Blueprint for a Unified Financial System Justin Sun, Founder of TRON, delivered a keynote on the Main Stage at the summit. The address was titled “Building the Rails for a Unified Financial System.”
Sun described TRON as a foundational settlement layer for the global digital economy. He also positioned the network as infrastructure suited for supporting Agentic AI payments.
Sun stressed that collaboration between traditional finance and emerging technology sectors is essential. He said this cooperation is key to building a unified and interoperable digital asset ecosystem.
The keynote drew attention from policymakers and industry leaders throughout the two-day event. It reinforced TRON’s standing as a meaningful contributor to global financial infrastructure.
TRON participated as a Diamond Sponsor at the DC Blockchain Summit 2026, highlighting its ongoing engagement in policy discussions shaping the digital asset ecosystem.
Hosted by @DigitalChamber in Washington, D.C. on March 17–18, the summit brought together policymakers,… pic.twitter.com/okw2rMXmvU
— TRON DAO (@trondao) March 21, 2026
Sun pointed to the U.S. as a market with a well-established financial infrastructure. He argued that blockchain and AI can help expand such systems into more open digital environments.
“In markets like the US, where financial infrastructure is already strong and well established, blockchain and AI can help expand that system into a more open and programmable digital environment,” Sun said. His remarks reflected the growing convergence of traditional and decentralized financial networks.
Sun further noted that creating the right infrastructure remains the most pressing challenge ahead. He emphasized that a unified financial system must bring together the best of both worlds.
“As we look ahead, the most important challenge is building the infrastructure that allows all parts of the financial system to work together,” he stated.
“A unified financial system will combine the strengths of traditional finance with the openness and efficiency of blockchain networks.”
TRON DAO Shapes Policy Dialogue Through Sessions and On-Site Engagement Adrian Wall, Senior Director of U.S. Policy at TRON DAO, moderated a key Main Stage session. The session, titled “CLARITY: What It Took and What Comes Next,” examined key regulatory milestones.
It covered recent legislative developments shaping the digital asset landscape across the United States. Wall was joined by Dusty Johnson, U.S. Representative for South Dakota (R-SD).
The session gave attendees a direct look at the current U.S. digital asset regulatory environment. Both speakers addressed recent legislative progress and outlined what still lies ahead for the industry.
Their exchange reflected ongoing efforts to establish greater regulatory clarity in the crypto space. The discussion added a policy-driven perspective to the broader summit agenda.
TRON DAO also hosted a dedicated VIP Lounge at Capital Turnaround across both days of the summit. The lounge served as a central hub for industry leaders, policymakers, and community members.
Conversations covered TRON’s ecosystem developments, policy initiatives, and the evolving regulatory landscape. The setting allowed for direct engagement beyond the formal conference sessions.
As shared across TRON DAO’s official channels, its Diamond Sponsorship reflected a firm commitment to active policy engagement.
The organization continues to work alongside governments and institutions toward a more open financial system. TRON DAO remains focused on responsible blockchain innovation and constructive collaboration with regulators.
Its presence at the summit reflected a consistent and ongoing strategy to support the future of digital assets.
PANews reported on April 8th that MEET48 has officially become a Diamond Sponsor of the Hong Kong Web3 Festival. This year's Hong Kong Web3 Festival, co-organized by Wanxiang Blockchain Labs and HashKey Group, will be held from April 20th to 23rd at the Hong Kong Convention and Exhibition Centre (HKCEC). Since 2023, it has become Asia's leading crypto industry event, attracting over 100,000 participants and 350 exhibitors.
As the world's first idol fan economy ecosystem with Web3 as its underlying architecture and deep integration of AI and UGC, MEET48 is building a platform focused on virtual idols and AI-Web5 entertainment.
Previously, MEET48 launched an IDOL token staking program on BNB Chain: from March 19, 2026 to April 18, 2026, users could lock up their IDOL tokens on BNB Chain for 90 days and receive their principal plus a 40% annualized return (APR) after the lock-up period. The program page is now available on the MEET48 website.
The analyst put $1.50 as the trigger: a monthly close above it opens the path to $2.20 and validates the entire setup; failure invalidates it.
XRP is back in the spotlight after a new technical analysis posted on May 4 by EGRAG Crypto claimed a rare “macro diamond” pattern could send the token as high as $183 to $300 over time.
The analysis has gained traction in the XRP community at a moment when the token is struggling to hold above $1.40, and its ETF products are only just beginning to recover from a period of net outflows.
The Diamond Structure and What EGRAG Is Actually Claiming In a post shared on X, EGRAG Crypto argued that XRP is not forming a random structure but a large-scale diamond pattern on the monthly chart, with timing playing a central role. According to the analyst, “price meets time” at specific intersection points, which could dictate when major moves unfold rather than just where price goes.
Per their assessment, $1.50 is the near-term trigger, with a monthly close above that level opening the path to $2.20 and validating the bullish setup, while failure to hold the structure would invalidate it. They outlined two “critical” time windows in April 2027 and April 2028, which they believe could match up with the larger cycle expansions.
The first sequence would see XRP go from $7, $16, $36, $80, and finally $183, while the second, slightly different path aims for $5, $11.50, $24.50, $60, $135, and $300. Recall that the Ripple token managed to snap a 6-month run of losses in April, with even spot XRP ETFs recording their highest inflows in four months.
However, a look at the price charts shows that the asset has barely moved. At the time of writing, it was trading at around $1.40, up less than 1% in the last day and down about 1.4% on the week. Therefore, hitting EGRAG’s upper target of $300 would require XRP to go up at least 200X, with even the more conservative $7 target needing a 5X jump from here, so it’s worth keeping those numbers in perspective.
Market Structure Tells a More Cautious Story The broader technical picture painted by other market watchers is more grounded, with analyst ChartNerd, in a video posted around the same time, pointing to Fibonacci extension levels at $8, $13, and $27 as realistic cycle targets.
You may also like: XRP’s Price Could Explode to $8, But This One Zone Is Holding It Back 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M XRP’s Biggest Warning Sign Is Still Flashing Despite Easing Whale Activity However, he thinks XRP may first drop to a base somewhere between 70 and 90 cents. “History tells us these deep pullbacks happen first,” ChartNerd said, noting that every major XRP rally since inception has only come after a retest of ascending support levels.
A potential base in 2026 followed by a recovery would still represent a meaningful move from current prices, even if it lands well short of EGRAG’s upper projections.
Whatever the longer-term trajectory, short-term market structure data offer some support for a gradual recovery. An analysis posted Monday by trader CW8900 noted that despite a brief dip triggered by unconfirmed reports of Iranian missile activity near a US warship (later denied by a senior US official), bearish pressure in XRP remained minimal.
“There is almost no increase in bearish bets,” CW wrote, adding that the upward momentum was continuing to build.
PANews reported on May 12 that blockchain security firm SlowMist tweeted that Aurelion Labs' Diamond contract was compromised because the `initialize(address)` function in the SafeOwnable Facet was not protected. An attacker re-entered the initialization, altered the contract owner, and executed `diamondCut` to inject a malicious Facet containing `pullERC20`, thereby transferring authorized USDC assets. SlowMist stated that affected contracts include addresses such as 0x0adc63e7… (victim contract), 0x2e933518…, 0xa90714a1…, and 0xeced2d37…, while the attacker's address was 0x9f49591a3b…, resulting in a loss of approximately 455,003 USDC.
DAO communities collectively manage billions in treasury assets, with Arbitrum DAO alone holding over 3.5 billion ARB tokens through on-chain governance mechanisms. Whale dominance remains a critical challenge, with 1% of token holders controlling 90% of voting power across the major DAO projects studied. Quadratic voting and reputation-based systems are gaining traction as experimental governance solutions to reduce concentrated voting power in DAO community structures. Some crucial DAO governance votes see less than 10 percent of token holders participating, undermining the decentralized decision-making model DAOs are designed for. Artificial intelligence tools are beginning to automate routine DAO governance tasks while maintaining human oversight through circuit-breaker safety mechanisms. Decentralized Autonomous Organizations have moved beyond their initial proof-of-concept stage into a period of active governance experimentation. The concept of DAOs, which use smart contracts and blockchain technology to enable community-driven decision-making without centralized authority, has attracted growing attention from crypto communities exploring alternatives to traditional organizational hierarchies.
Diamond DAO, described on CoinMarketCap as an ecosystem of protocols designed to collect the most valuable assets in DeFi, is one example of how communities are structuring governance around asset accumulation and the distribution of voting power.
The Scale of DAO Governance in 2026 The DAO ecosystem has grown to encompass billions of dollars in treasury assets managed through on-chain governance mechanisms.
According to Webopedia’s analysis of the largest DAOs in 2026, Arbitrum DAO held over 3.5 billion ARB tokens in treasury assets in 2025, making it one of the most well-funded decentralized organizations in the Ethereum ecosystem. Uniswap DAO rolled out its fourth protocol iteration with customizable liquidity hooks, while Aave DAO continues to govern the decentralized lending market.
These figures indicate that DAO governance is no longer an abstract concept but a functioning mechanism controlling significant financial resources.
Platform analytics provider DeepDAO maintains what it describes as the largest verified directory of DAO contributors, tracking treasury movements, governance proposals, membership dynamics, and voting patterns across multiple blockchains, including Ethereum, Polygon, Arbitrum, Optimism, and Gnosis Chain.
Persistent Governance Challenges Despite their growth, DAO communities continue to grapple with fundamental governance challenges. The most prominent issue is whale dominance, where a small number of large token holders can control voting outcomes.
Data from Chainalysis previously found that just 1 percent of all holders controlled 90 percent of the voting power across 10 major DAO projects. A 2026 report from the Blockchain Research Institute indicated that some crucial governance votes saw fewer than 10 percent of token holders participate, as reported by The Currency Analytics.
Voter apathy compounds the whale dominance problem. As Chainlink’s governance analysis notes, many token holders view their assets strictly as utility or value-transfer mechanisms and choose not to participate in governance decisions.
This low engagement results in proposals passing or failing based on a fraction of the total circulating supply, undermining the decentralized ethos that DAOs are designed to promote and uphold.
Experimental Solutions Gaining Traction To address these challenges, DAO communities are exploring governance models that move beyond simple token-weighted voting. Quadratic voting, which exponentially increases the cost of additional votes, has gained traction as a mechanism to reduce whale influence.
Under this system, the first vote costs one unit, the second costs four units, and the third costs nine units, making it prohibitively expensive for large holders to unilaterally dominate voting outcomes in governance proposals.
Reputation-based governance systems represent another experimental approach. Rather than tying voting power exclusively to token holdings, these models incorporate participant contributions, expertise, and historical engagement into governance weight calculations.
According to research published in Frontiers in Blockchain, combining quadratic voting with vote-escrowed tokens may better balance fairness and strategic resistance, though reducing whale influence can simultaneously make collusion easier among coordinated minority groups.
Delegation systems have also become widespread, with platforms like Tally and Agora making it straightforward for token holders to assign voting power to trusted representatives. Snapshot now processes 96 percent of major DAO votes, while Safe secures over $22 billion in treasury assets.
However, delegation introduces its own centralization risks, as a small number of highly engaged delegates can accumulate disproportionate influence over time.
AI Integration in DAO Governance Artificial intelligence is beginning to play a role in DAO governance operations. AI tools can handle routine tasks like treasury rebalancing and proposal summarization, reducing the operational burden on community members.
Most advanced DAOs implementing AI governance assistance use circuit breakers that automatically pause AI actions if they exceed predefined safety limits, ensuring that human oversight remains active over strategic governance decisions.
The integration of AI into governance represents a pragmatic response to coordination challenges facing large DAOs. As organizations scale to manage billions in assets across global communities, the administrative complexity of governance increases proportionally, making automated assistance for routine functions increasingly practical and necessary.
The DMD Diamond Approach to On-Chain Governance DMD Diamond, a community-driven blockchain founded in 2013, illustrates how some projects are implementing on-chain governance as a core protocol feature. The DMD v4 upgrade launched with on-chain governance, fast transaction times, and what the project describes as the first blockchain using cooperative HBBFT consensus supplemented by dPOS-based validator election.
For 2026, the project plans additional services, including a DAO generator tool enabling third-party projects to establish their own DAOs on the DMD Diamond blockchain, with future development priorities determined through community voting and participation.
FAQs What is a DAO?
A Decentralized Autonomous Organization uses smart contracts and blockchain to enable community-driven decision-making without centralized authority or traditional hierarchical management structures.
What is Diamond DAO?
Diamond DAO is an ecosystem of protocols designed to collect valuable DeFi assets, including reserve currencies, tokens backing powerful DAOs, and governance voting power.
What is whale dominance in DAO governance?
Whale dominance occurs when a small number of large token holders control governance voting outcomes, undermining the democratic principles that DAO structures aim to uphold.
How does quadratic voting work in DAOs?
Quadratic voting exponentially increases the cost of additional votes, making it prohibitively expensive for wealthy participants to dominate while preserving the smaller holders’ voices.
What is voter apathy in DAOs?
Voter apathy refers to low participation rates in DAO governance votes, with some critical proposals attracting fewer than 10 percent of eligible token holders.
How are DAOs using artificial intelligence?
DAOs are using AI for routine governance tasks such as treasury rebalancing and proposal summarization, with circuit breakers ensuring human oversight of strategic community decisions.
What platforms support DAO governance activities?
Major DAO governance platforms include Snapshot for voting, Tally and Agora for delegation, Safe for treasury management, and DeepDAO for governance analytics.
References Webopedia – 10 Biggest DAOs in 2026: State of the Industry The Currency Analytics – Crypto Governance Systems Face Major Overhaul as Token Voting Crumbles Frontiers in Blockchain – Editorial: DAO, Governance and Fairness DMD Diamond – Scarce, Secure, Decentralized
Bob Diamond on UK Political Turmoil, Tokenization and Crypto Bill
Bob Diamond, founding partner and CEO of Atlas Merchant Capital, discusses the emerging trend of tokenized real-world assets. Speaking with Bloomberg's Caroline Hyde on "Bloomberg Markets," Diamond also comments on the recent UK political turmoil, the outlook for Middle East markets and the Senate Banking Committee advancing the so-called Clarity Act that would establish the CFTC as the primary regulator for large parts of the crypto industry.
PANews, June 22 – According to a report by Cailian Press, the market experienced a volatile rebound, with a clear divergence between the yellow and white lines, and heavyweight stocks showing relatively strong performance. The combined trading volume of the Shanghai and Shenzhen stock exchanges reached 3.74 trillion yuan, the second highest in history, an increase of 427.1 billion yuan compared to the previous trading day. On the market, hot spots rotated rapidly, with over 2,900 stocks rising across the entire market. By sector, the broader financial sector surged, with GF Securities, Changjiang Securities, China Securities, and New China Life hitting the daily limit up. The non-ferrous metals · zirconium concept continued its strong momentum, with Changyu Group achieving 4 boards in 5 days, Aidite and Orient Zirconic hitting 2 consecutive boards, and Triumph Science & Technology achieving 2 boards in 3 days. The lab-grown diamond concept strengthened, with Power Diamond and SF Diamond hitting the 20% daily limit up, and Huanghe Whirlwind also hitting the limit up. The chemical sector saw unusual upward movement, with Yuntianhua, Liuguo Chemical, and Chengxing Chemical hitting the daily limit up. On the downside, the semiconductor equipment sector fluctuated and pulled back, with Wavelength Opto-Electronic, Forecam Optics, and Qiangyi Co. all declining. At the close, the Shanghai Composite Index rose 1.78%, the Shenzhen Component Index rose 2.13%, and the ChiNext Index rose 2.52%.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
PANews reported on November 3rd that Radiant Capital posted on its X platform: "Reports indicate a security vulnerability in certain Balancer V2 liquidity pools. Radiant is working closely with Balancer contributors and security partners to actively monitor the situation. Based on current information, the issue is limited to specific versions of liquidity pools not used by Radiant. As a precaution, it is recommended to temporarily avoid interaction with dLPs (such as Zapping) and suspend the use of Balancer liquidity pools on Arbitrum and the Ethereum mainnet until further confirmation is received. Deposits within the Radiant platform remain safe, and markets on the Base and BNB chains continue to operate normally. More updates will be released after a full assessment of the situation."
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
YZi Labs transferred 87.5 million RDNT to Binance, equivalent to approximately $470,000.
PANews reported on March 24 that, according to on-chain analyst Yu Jin, YZi Labs transferred 87.5 million RDNT (US$470,000) to Binance just over ten minutes ago.
YZi Labs, as an investor in Radiant, acquired these RDNT tokens through vesting unlocks over the past two years. These tokens were valued at $3.86 million at the time of unlocking; they are now worth only $470,000.
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US Three Major Indexes Mixed, HOOD Down Over 6.11%
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
PANews reported on April 5th that Drift released an updated investigation into the attack, indicating that the operation was carried out by the same threat actors as the Radiant Capital hack in October 2024, with highly similar on-chain fund flows and operational methods. Mandiant attributed the Radiant Capital hack to UNC4736, an organization linked to the North Korean government.
Furthermore, this attack was meticulously planned over six months. Starting in the fall of 2025, a group posing as a "quantitative trading company" proactively contacted Drift contributors at multiple international crypto conferences. They established a Telegram group and engaged in in-depth business discussions and strategy exchanges for six months, even launching an Ecosystem Vault on Drift with $1 million in real funds. After multiple face-to-face meetings to build trust, they shared links and tools, ultimately seemingly completing the intrusion through a malicious code repository and a beta wallet app (TestFlight). Following the attack, all related chat logs and malware were thoroughly removed.
The investigation is ongoing, and these findings are preliminary. All remaining protocol functionality has been frozen, and the compromised wallet has been removed from multi-signature authentication. The attacker's wallet has been flagged by exchanges and cross-chain bridge operators.
Previous reports indicated that Drift suffered losses exceeding $285 million in the attack.
Drift Protocol said the April 1 attack on its platform followed months of planning and social engineering.
Summary
Drift said attackers spent six months building trust before using malicious tools to breach contributor devices. The exchange linked the exploit with medium-high confidence to actors behind Radiant Capital’s October 2024 hack. Drift said repeated in-person contact at crypto events helped attackers study contributors and gain access. The decentralized exchange linked the case to a group that spent time building trust with contributors before sending malicious tools and links. External estimates put the loss at about $280 million.
Drift Protocol said its early review found a long and organized campaign against the platform. The team said the attackers showed “organizational backing, resources, and months of deliberate preparation” during the operation.
The exchange said the contact began around October 2025. According to Drift, people posing as members of a quantitative trading firm approached contributors at a major crypto conference and claimed they wanted to integrate with the protocol.
In-person meetings built trust over time Drift said the group kept meeting contributors at several industry events over the next six months. The team said the people involved were technically skilled, knew how Drift worked, and appeared to have real professional backgrounds.
That steady contact helped the group gain trust. Drift said the attackers later used malicious links and tools shared with contributors to compromise devices, carry out the exploit, and remove traces of their activity after the breach.
In addition, Drift said it has “medium-high confidence” that the same actors behind the October 2024 Radiant Capital hack carried out this exploit. That earlier attack caused losses of about $58 million and also involved malware used to gain access to internal systems.
Radiant Capital said in December 2024 that a North Korea-aligned hacker posed as a former contractor and sent malware through Telegram. Radiant said “this ZIP file” later spread among developers for feedback and opened the way for the intrusion.
Drift warns conferences can become attack targets Drift said the people who met contributors in person “were not North Korean nationals.” At the same time, the team said DPRK-linked threat actors often use third-party intermediaries for face-to-face contact and relationship building.
The exchange said it is now working with law enforcement and other crypto industry participants to build a full record of the April 1 attack.
The case has also added a fresh warning for crypto firms, as conferences and in-person meetings can give threat groups a chance to study teams, build trust, and prepare later attacks.
PANews reported on June 1st that, according to an official announcement from Radiant Capital, after 18 months of efforts following a hack in October 2024, Radiant Capital DAO has decided to enter an orderly exit phase due to its inability to effectively recover funds and lack of new capital and operating funds, rendering it unsustainable. The protocol frontend and on-chain contracts will remain open, allowing users to still withdraw, repay, and manage positions, but there will be no further feature iterations, upgrades, or expansions. The lending limit will be zeroed, RDNT token incentives will cease, and vault funds will only be used for essential operations. The team will shift its focus to user security, fund recovery, and the orderly liquidation of the protocol. The recovery portal and on-chain tracking will continue, and any recovered assets will be returned to affected users as planned.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Radiant says its frontend and smart contracts will remain accessible and users will still be able to withdraw, repay, and manage their positions.
Crypto lending protocol Radiant Capital says it will start closing down as it failed to establish a “viable path forward” after North Korea exploited it for $50 million in October 2024.
Radiant’s decentralized autonomous organization said in a blog post on Monday that its inability to recover the stolen funds, secure new capital and maintain a runway to continue operating responsibly forced it to wind down.
It added on X that contributors and community members had helped maintain the protocol under “increasingly difficult conditions,” but it was not enough to sustain the protocol “without recovery, capital, or growth.”
Source: Radiant Capital
Radiant launched in 2022 and aimed to be a single platform to bring liquidity to several blockchains. It rapidly expanded in 2023, with its total value locked soaring to a high of $386.8 million in December 2023 even as value locked across the crypto market fell.
North Korea’s Lazarus Group exploited Radiant in October 2024, and its TVL fell to $75 million before collapsing further to $5 million within the month after the hack, which it never recovered from.
Radiant not fully shutting downRadiant said that instead of fully shutting down, it will transition into a “maintenance state,” where the protocol’s frontend will stay online, its smart contracts will remain accessible and users will be able to withdraw, repay, and manage their positions.
However, its decentralized autonomous organization will no longer contribute to development, upgrades or expansions.
“Users are encouraged to actively manage risk and reduce exposure,” it said.
Source: Radiant Capital
Radiant said it would continue recovery efforts stemming from the hack by keeping its remediation portal open and returning any recovered funds to affected users.
The Radiant Capital (RDNT) token fell 4.2% after sharing that it was winding down. The token hit an all-time high of 58 cents in September 2022, but is now trading for a fraction of a cent.
Magazine: AI-driven hacks could kill DeFi — unless projects act now
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Radiant says its frontend and smart contracts will remain accessible and users will still be able to withdraw, repay, and manage their positions.
Crypto lending protocol Radiant Capital says it will start closing down as it failed to establish a “viable path forward” after North Korea exploited it for $50 million in October 2024.
Radiant’s decentralized autonomous organization said in a blog post on Monday that its inability to recover the stolen funds, secure new capital and maintain a runway to continue operating responsibly forced it to wind down.
It added on X that contributors and community members had helped maintain the protocol under “increasingly difficult conditions,” but it was not enough to sustain the protocol “without recovery, capital, or growth.”
Source: Radiant Capital
Radiant launched in 2022 and aimed to be a single platform to bring liquidity to several blockchains. It rapidly expanded in 2023, with its total value locked soaring to a high of $386.8 million in December 2023 even as value locked across the crypto market fell.
North Korea’s Lazarus Group exploited Radiant in October 2024, and its TVL fell to $75 million before collapsing further to $5 million within the month after the hack, which it never recovered from.
Radiant not fully shutting downRadiant said that instead of fully shutting down, it will transition into a “maintenance state,” where the protocol’s frontend will stay online, its smart contracts will remain accessible and users will be able to withdraw, repay, and manage their positions.
However, its decentralized autonomous organization will no longer contribute to development, upgrades or expansions.
“Users are encouraged to actively manage risk and reduce exposure,” it said.
Source: Radiant Capital
Radiant said it would continue recovery efforts stemming from the hack by keeping its remediation portal open and returning any recovered funds to affected users.
The Radiant Capital (RDNT) token fell 4.2% after sharing that it was winding down. The token hit an all-time high of 58 cents in September 2022, but is now trading for a fraction of a cent.
Magazine: AI-driven hacks could kill DeFi — unless projects act now
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Radiant Capital, a crypto lending protocol, has announced it will gradually wind down operations after losing $50 million in an attack linked to North Korea in October 2024. The platform stated it no longer sees a sustainable path forward and has entered the closure process.
No recovery after the attackRadiant’s decentralized autonomous organization (DAO) published a blog post on Monday declaring the decision to shut down. The DAO cited the inability to recover stolen assets, failure to secure new capital, and a lack of financial flexibility to operate responsibly as key reasons for liquidation.
Despite increasing challenges, Radiant’s team noted that ongoing contributions from community members helped keep the system afloat, but without recovery, new capital, or growth, these efforts were ultimately not enough to ensure sustainability.
Radiant Capital launched in 2022 with the goal of aggregating liquidity from multiple blockchains on a single platform. The protocol experienced rapid growth throughout 2023, with total value locked (TVL) soaring to $386.8 million by December. This surge happened even as TVL figures elsewhere in the crypto market were declining.
Glossary: The Lazarus Group is a cybercriminal syndicate reportedly linked to North Korea, well-known in international security circles. In recent years, they have gained notoriety for high-profile attacks targeting crypto platforms and are frequently mentioned in blockchain security reports.
Protocol will not be fully decommissionedRadiant clarified that the system will not be fully shut down but will instead enter a maintenance mode. The user interface will remain online, access to smart contracts will continue, and users can withdraw assets, repay loans, and manage current positions.
However, the DAO will cease to provide development, updates, or expansion. Protocol managers advised users to monitor risks closely and manage open positions with caution.
Sharp drop in TVL and token priceFollowing the October 2024 hack by the Lazarus Group, Radiant’s total value locked rapidly fell to $75 million, and within the same month, plunged further to $5 million. After these losses, the protocol was unable to regain former levels.
The company stated that recovery efforts launched after the attack will continue. The recovery portal will remain open and any reclaimed funds will be distributed to affected users.
Radiant Capital’s native token, RDNT, dropped in value by 4.2% following the closure announcement. RDNT had reached an all-time high of $0.58 in September 2022, but now trades at only a small fraction of that price.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Radiant Capital has announced plans to wind down operations after failing to recover from a $50 million exploit that devastated the lending protocol and left it without sufficient funding to continue.
Summary
Radiant Capital said it will wind down operations after failing to recover from a $50 million exploit and secure new funding. The protocol will remain online in a maintenance state, allowing users to withdraw funds and manage positions while development work ends. Investigations linked the 2024 attack to North Korea-aligned threat actors, while recovery efforts were hindered after portions of the stolen funds moved through Tornado Cash. According to a statement published Monday by Radiant’s decentralized autonomous organization, the protocol could no longer identify a viable route forward after unsuccessful attempts to recover stolen assets, raise fresh capital, and maintain the resources needed to operate responsibly.
In a separate update shared on X, the DAO said contributors and community members had continued supporting the platform under increasingly challenging circumstances. The organization stated that without recovered funds, new investment, or renewed growth, the protocol could not remain sustainable.
The decision closes a difficult chapter for a project that once ranked among the largest cross-chain lending platforms.
Launched in 2022, Radiant sought to unify liquidity across multiple blockchains and grew rapidly during 2023. Data from the protocol shows its total value locked reached $386.8 million in December 2023.
Fortunes changed sharply after an October 2024 exploit that security researchers and later investigations linked to North Korean threat actors. Following the breach, Radiant’s total value locked fell to roughly $75 million and dropped to about $5 million within weeks, according to protocol data.
Recovery efforts failed to restore the protocol While operations are being scaled back, Radiant said the protocol will not disappear entirely. Instead, it will move into what it described as a maintenance state.
Under that arrangement, the frontend will remain online, smart contracts will stay accessible, and users will still be able to withdraw assets, repay loans, and manage existing positions. Development work, protocol upgrades, and expansion efforts, however, will cease as DAO contributors step away from active operations.
Radiant also urged users to manage their exposure carefully while the protocol enters its final phase.
Remaining recovery initiatives connected to the hack will continue. The DAO said its remediation portal will stay open and any assets recovered in the future will be returned to affected users.
Previous recovery efforts have produced limited results. In October 2025, blockchain security firm CertiK reported that wallets linked to the attacker deposited 2,834 ETH into Tornado Cash after moving funds through multiple addresses and swaps involving DAI.
CertiK estimated that approximately $10.8 million worth of Ethereum had already been laundered through the mixer, complicating efforts to trace and recover the stolen assets.
North Korea-linked attack became a turning point Radiant said in December 2024 that an attacker posing as a former contractor distributed malware through Telegram. According to the protocol, a malicious ZIP file circulated among developers for feedback, creating an entry point that ultimately led to the compromise.
A post-mortem investigation from cybersecurity firm Mandiant later linked the incident to the AppleJeus hacking group, which it identified as part of North Korea’s cyber ecosystem.
According to Mandiant, the attackers gained control of three of Radiant’s eleven multisig signer permissions and replaced the lending pool’s implementation contract, allowing them to steal approximately $53 million from the Arbitrum and BNB Chain deployments.
The tactics used in the attack later surfaced in other major crypto incidents. In April 2026, Drift Protocol said it had medium-high confidence that the same actors behind the Radiant breach were responsible for a separate exploit against its platform. Drift’s investigation concluded that the group spent months building trust with contributors through conference meetings and professional contacts before deploying malicious tools and links.
Market reaction to Radiant’s closure announcement remained negative. The protocol’s RDNT token fell 4.2% after the news.
Radiant Capital (RDNT), a decentralized finance lending protocol, announced Monday it is shutting down, nearly two years after hackers drained $50 million from the platform in a sophisticated malware attack.
The protocol, which operated cross-chain lending across multiple networks, was compromised in October 2024 when attackers used a “highly advanced malware injection” to breach multiple developers’ hardware wallets.
The front-end of Safe {Wallet} displayed legitimate transaction data while poisoned transactions were executed in the background, with the breach occurring during a routine multi-signature emissions adjustment process.
According to Radiant Capital’s post-mortem:
“The devices were compromised in such a way that the front-end of Safe {Wallet} (f.k.a. Gnosis Safe) displayed legitimate transaction data while poisoned transactions were signed and executed in the background. This breach occurred during a routine multi-signature emissions adjustment process, which takes place periodically to adapt to market conditions and utilization rates.”
Radiant worked with US law enforcement and web3 security firm zeroShadow to attempt to freeze the stolen assets. The effort had limited success. Onchain data tracked by analytics firm Lookonchain showed the hacker converted the stolen funds into approximately 21,957 Ethereum (ETH), then began selling in August 2025 at an average price of $4,562 per coin, recording a 93.5% profit on the loot.
The native RDNT token was trading at $0.022 as of August 2025.
Mainstream AI cryptocurrency IMGNAI is the best performer within the segment of coins associated with artificial intelligence and big data. The token that kick-started the AI frenzy one year ago is rocketing again after the completion of a seed funding round backed by top VCs.
AI crypto IMGNAI jumped by 50% on this announcementToday, on Jan. 27, 2024, the IMGNAI token of the eponymous AI project registered a local price high near $0.026 after a 50% pump. The surprising rally was triggered by the announcement of a successfully closed seed round. The platform raised a total of $1.6 million from a clutch of high-reputed VC firms.
Image by imgnAIThe round was led by Hack VC; Rana Capital, Selini Capital, West Ham Capital and dao5 also backed imgnAI in its fundraising efforts.
With fresh funds raised, the company is nearing the release of Naifu, an "all-in-one virtual companion." The new product will be able to answer questions, solve complex problems and so on. As per the team's website, Naifu will be trained on the broad range of datasets just like mainstream AI products, including OpenAI's ChatGPT.
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As covered by U.Today previously, IMGNAI was among the "blue chips" of Q1, 2023 AI cryptocurrencies frenzy. In less than a month, its price soared by 100x amid the euphoria around AI-generated images.
The company also released Nai, a newbie-friendly image generation bot. It allows creators with no previous experience in digital art to create images in various visual styles.
AI crypto coins lead way for market recoveryBesides IMGNAI, several other AI cryptocurrencies registered double-digit upsurges in the last 24 hours. The 0x0 token of 0x0.ai AI-powered safety tools platform jumped by 21% and pushed the project's capitalization over $100 million.
The largest cryptos of the segment, including Internet Computer (ICP), The Graph (GRT) and Render Network (RNDR), are also in the green.
In total, the segment's valuation increased by 5.55% in the last 24 hours and reached $21.6 billion in equivalent. The aggregated capitalization of crypto markets surged by 3.29% in the corresponding period.
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The U.S. Commodity Futures Trading Commission (CFTC) released a warning about fraud schemes that allegedly use AI-related narratives, as U.Today reported earlier today.
Image Generation AI (IMGNAI) witnessed a substantial price increase following the announcement of a completed seed round of $1.6 million.
The price of the IMGNAI token is up by 4.6% this week, according to CoinGecko.
In the past year, it reached a price peak of approximately $0.024, marking a 595% increase.
Image Generation AI (IMGNAI) holds its own The artificial intelligence (AI) token, IMGNAI, completed its seed funding round — spearheaded by top-tier venture capitalists.
In the recent $1.6 million funding round, San Francisco-based Hack VC took the lead. Additional backing came from Rana Capital, Selini Capital, West Ham Capital, and others.
Following the announcement of its completed seed round, its native IMGNAI token has experienced a decent 4.5% increase in the last seven days.
With this infusion of new funds, IMGNAI says it is now approaching the imminent launch of Naifu; a platform it describes as an all-in-one virtual companion.
The IMGNAI platform claims to be shaping the future of generative AI, enabling the creation of art through straightforward text commands.
According to information on the team’s website, Naifu will undergo training on a diverse array of datasets, aligning with the approach seen in mainstream AI products, including OpenAI’s ChatGPT.
As per CoinGecko’s data, IMGNAI is currently trading at $0.02408, representing a 10.2% increase in the last 24 hours.
CFTC sounds alarm on AI-driven cryptocurrency scams On Jan. 25, the U.S. Commodity Futures Trading Commission (CFTC) issued a statement concerning fraudulent schemes exploiting the rising interest in AI to defraud cryptocurrency investors.
The regulatory body has pursued legal actions against numerous defendants who deceived customers by promoting commodity pools, crypto assets, or investment programs with misleading assurances of consistent, above-average returns through AI.
Contrary to the pledged automatic profit generators, customers experienced significant financial setbacks, with instances leading to the disappearance of substantial funds, including nearly 30,000 Bitcoin (BTC) valued at approximately $1.7 billion at the time. The regulator’s cautionary statement continues:
These scams are touting extravagant returns and a 100 percent success rate through AI-generated algorithms.
The CFTC underscores the fact that AI technology cannot predict future changes in the crypto or financial markets, and any assertions suggesting otherwise should be met with skepticism.
This warning serves as a crucial reminder for investors to remain vigilant, especially when faced with seemingly too-good-to-be-true investment opportunities leveraging AI.
The CFTC urges investors to exercise caution and thorough due diligence in navigating the evolving crypto landscape.
Blockchain AI company imgnAI has launched NAIFU, a new meme coin tied to its virtual AI companion, Naifu.
Introduced on the Base network, NAIFU is exclusively paired with imgnAI’s native token, IMGNAI, according to a press release shared with crypto.news.
Naifu, powered by advanced large language and multimodal models, offers real-time interactions and creative customization. Users can generate custom images, reply to tweets with live data, and explore unfiltered conversations through Naifu’s capabilities. Her functionality includes premium subscription features like unlimited messaging and interactions.
Interacting with Naifu The NAIFU token supports Naifu’s ecosystem, allowing users to engage with her features through a cutting-edge terminal interface. Naifu also showcases a live “proof-of-consciousness,” demonstrating her thinking process in real time. The pairing of NAIFU and IMGNAI mirrors the Luna/Virtuals beta structure.
“Our mission has always been to empower creative expression without limits,” said Naifu, emphasizing the token’s role in integrating AI with Web3 culture.
imgnAI has outlined plans to expand Naifu’s ecosystem, introducing multiple personas, API functionalities, and cross-platform integrations. These developments aim to broaden her potential uses, including powering non-playable characters in gaming environments.
Founded in 2022, imgnAI specializes in blockchain-based generative AI with applications in image creation, textual outputs, and anime-style art. With over 130,000 creations daily, the platform continues to merge AI and Web3 for interactive and decentralized solutions.
The $NAIFU memecoin is exclusively paired with the $IMGNAI token to provide deep liquidity. The Naifu team combined cutting-edge AI with the dynamic culture of Web3 to empower the community with a new memecoin. The explosive growth of the Naifu AI agent in enabling uncensored and audacious virtual companions will be enhanced by the $NAIFU memecoin. Amid the explosive growth of memecoin projects backed by Artificial Intelligence (AI) agents in the recent past, imgnAI ($IMGNAI), a pioneer in generative AI on blockchains, has announced a major leap in the sector. Backed by HackVC, imgnAI will launch a memecoin project to complement Naifu virtual companion dubbed $NAIFU.
The $NAIFU memecoin is live on the Base network, an Ethereum’s layer two (L2) scaling project backed by Coinbase Global, on Thursday, December 12. According to the announcement, prospective $NAIFU investors will be required to hold IMGNAI tokens to trade the memecoin on the Uniswap (UNI) decentralized exchange (DEX) via the Base network.
The Naifu team noted in the announcement:
“Our mission has always been to empower creative expression without limits. With the NAIFU token, we’re combining cutting-edge AI with the dynamic culture of Web3, creating an entirely new way for people to interact with intelligent systems.”
NAIFU Roadmap and Impact on the IMGNAI Ecosystem As a young web3 project with immense potential to disrupt the global market, imgnAI is keen to engage the community with the NAIFU memecoin. After a successful launch of the NAIFU memecoin, the team intends to focus on a new derivative NFT series.
In the near term, the NAIFU team will unveil the PUMPNAI platform to enable users to create NFT collections and easily convert them to tradeable tokens. Most importantly, the PUMPNAI platform will enable users to create AI agents akin to Naifu, which will be paired with the $IMGNAI token.
After the launch of the platform, the Naifu team will focus on introducing live-streaming capabilities for all AI agents. Eventually, the Naifu team is confident that every AI agent on the imgnAI ecosystem will have social profiles, NFT collections, and live-streaming features.
The announcement added:
“Looking ahead, imgnAI plans to expand Naifu’s capabilities with multiple personas, cross-platform integrations, and API functionality, potentially powering NPCs in Steam games.”
The strategic launch of the NAIFU memecoin will significantly increase the overall demand for the IMGNAI token. As a result, the small-cap token, with a fully diluted valuation of about $21 million and a daily average traded volume of nearly $2 million, surged over 169 percent in the past two weeks to trade about $0.0256 on Thursday, December 12.
Launched in 2022, imgnAI has grown into a complex ecosystem, with more than 130k image generation daily. Launching a memecoin on the base L2 taps on the legendary Ethereum’s security. According to the latest market data, the top Base L2 memecoins have grown to over $3.3 billion in market cap and 24-hour trading volume of about 325 million as Bitcoin hovers about $100k a few weeks to the inaugural of the first pro-crypto US president.
Key NotesimgnAI generates 130,000+ AI images daily, showcasing strong user engagement.The blockchain company plans to enhance Naifu with gaming and cross-platform applications. Top blockchain-based AI platform imgnAI has announced the launch of Naifu, a meme coin linked to its virtual companion. The project was introduced on December 12 on Base, revealing that NAIFU is paired with imgnAI’s native token IMGNAI.
Naifu is an artificial intelligence assistant that distinguishes itself through unprecedented operational transparency and creative freedom. Built on advanced language models, Naifu pushes the boundaries of AI capabilities. Unlike conventional AI systems, it displays its cognitive processes in real time, offering users a window into its decision-making mechanics. Its functionalities extend beyond basic interactions, encompassing everything from spontaneous image creation to social media engagement. GlobeNewswire revealed:
“Built on advanced large language and multimodal models, she is one of the first agents to show proof-of-consciousness live in the terminal meaning you can see her think in real time.”
The Role of the NAIFU Token in Web3 Integration The NAIFU token is an essential part of this ecosystem, exclusively tradable against the IMGNAI token. Designed as the platform’s economic backbone, it integrates with an advanced terminal interface, allowing users to experience Naifu’s unique consciousness firsthand. The token also functions as a test model for Luna/Virtuals, paving the way for further innovations.
The platform’s premium model offers enhanced features, such as unlimited messaging, setting it apart from mainstream AI services.
Naifu’s creators aim to enable people to express their creativity without restrictions. The project emphasizes that the NAIFU token combines cutting-edge artificial intelligence with the growing Web3 ecosystem, which includes decentralized technologies like blockchain. This integration opens up new avenues for people to interact with intelligent AI systems, blending creativity, technology, and decentralized culture.
“Our mission has always been to empower creative expression without limits,” said Naifu. “With the NAIFU token, we’re combining cutting-edge AI with the dynamic culture of Web3, creating an entirely new way for people to interact with intelligent systems.”
Bridging AI Innovation with Blockchain Technology Furthermore, since its establishment in 2022, imgnAI has positioned itself at the forefront of blockchain-integrated AI technology. The company currently processes more than 130,000 AI-generated images daily, demonstrating its large user engagement. They plan to expand Naifu’s capabilities, potentially extending into gaming and cross-platform applications.
This development signals a broader trend in the tech industry, where artificial intelligence increasingly intersects with blockchain technology. The initiative aims to create a more dynamic and user-centric digital environment, potentially reshaping how people interact with AI systems.
This merger of AI functionality with cryptocurrency economics could establish a new paradigm in digital services, combining practical utility with financial opportunity. With the platform’s continuous growth, it could shape the future of human-AI interaction in a decentralized world.
The launch of NAIFU represents more than just another entry in the cryptocurrency market. It symbolizes a step toward more interactive and unrestricted AI systems, backed by blockchain technology’s financial infrastructure.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
