Solana Meme Coin Bonk Treasury Drained of $20 Million in 'Malicious' Governance Attack

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Blackrock’s IBIT Sees $773 Million Weekly Exit as Bitcoin ETFs Lose $527 Million

Bitcoin and ether funds closed the week in the red for an eighth straight week. Altcoin ETFs, however, showed more resilience, with XRP, Solana and HYPE products all attracting capital between June 29 and July 2. XRP ETFs Add $17.2 Million as Ether ETFs End Week Down $13.7 Million The crypto ETF market ended the […]

Jul 6, 9:52 PM

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Strategic Bitcoin Reserve faces legal hurdles as Treasury and Commerce fight over who gets to hold the keys

The unresolved jurisdictional dispute over the Bitcoin reserve highlights the complexities of integrating digital assets into federal asset management. The post Strategic Bitcoin Reserve faces legal hurdles as Treasury and Commerce fight over who gets to hold the keys appeared first on Crypto Briefing.

Jul 6, 9:08 PM

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BonkDAO Treasury Drained of $20M via Malicious Proposal

BonkDAO, the decentralized autonomous organization tied to the Solana-based memecoin BONK, said Monday it was the target of a malicious governance proposal that drained an estimated $20 million worth of BONK tokens from its treasury, according to a post on its official X account. The DAO said the…

Jul 6, 8:34 PM

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BonkDAO Treasury Loses $20M in Malicious Governance Attack, BONK Slides 8%

BonkDAO, the decentralized autonomous organization overseeing the BONK meme token ecosystem on Solana, confirmed on Monday that it was the victim of a targeted governance attack resulting in the loss of approximately $20 million in BONK tokens. The incident highlights a critical vulnerability in decentralized governance structures, as the attacker did not exploit smart contract […]

Jul 6, 8:08 PM

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Solana memecoin surpasses Trump’s token in market cap, but liquidity tells a different story

The rise of Solana's memecoin highlights the volatility and risks in crypto markets, emphasizing the need for liquidity over mere market cap. The post Solana memecoin surpasses Trump’s token in market cap, but liquidity tells a different story appeared first on Crypto Briefing.

Jul 6, 7:35 PM

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BonkDAO treasury drained of $20M in BONK tokens via malicious governance proposal

The attack highlights vulnerabilities in DAO governance, urging enhanced security measures to protect community treasuries and investor interests. The post BonkDAO treasury drained of $20M in BONK tokens via malicious governance proposal appeared first on Crypto Briefing.

Jul 6, 6:10 PM

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Why Solana’s Latest Rally Has Analysts Watching the $100 and $120 Levels

Fresh bullish signals emerged for Solana after its first SuperTrend buy trigger since October.

Jul 6, 5:34 PM

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Solana price remains on recovery path as on-chain activity reaches new high

Solana price has held above key technical support even after slipping 1.7%, while U.S.-listed spot Solana ETFs have continued attracting fresh inflows as Bitcoin and Ethereum funds recorded weekly withdrawals. After climbing more than 15% last week, Solana (SOL) price…

Jul 6, 5:24 PM