The post XRP Ledger’s design blocks the flash loan attacks costing DeFi hundreds of millions appeared on BitcoinEthereumNews.com.
The two biggest DeFi exploits of the past two months have one thing in common. They used a tool that does not exist on the XRP Ledger. Thorchain lost roughly $10.8 million on May 15 to a cross-chain attack that drained funds across Bitcoin, Ethereum, BSC, and Base. Drift Protocol, a Solana-based decentralized perpetual exchange, and KelpDAO, a liquid restaking protocol on Ethereum, together accounted for more than $600 million in losses through April alone. Cross-chain bridges have lost over $2.8 billion to attacks since 2021, per Chainalysis. And a significant share of these exploits used some variant of the same mechanic: flash loans. A flash loan is a smart contract feature that lets a trader borrow millions of dollars with no collateral, on the condition that the loan is repaid inside the same transaction. The legitimate use cases include arbitrage betwe
The post 15 Years Ago, Hal Finney Explained Why Bitcoin Could Not Simply Be Replaced appeared on BitcoinEthereumNews.com.
A “new Bitcoin?” Hal Finney speculated on the premise more than 15 years ago. Fifteen years ago, one of Bitcoin’s earliest pioneers offered a warning that continues echoing through crypto markets. Hal Finney argued that a monetary network cannot be rebooted without damaging the credibility of everything that follows. The Debate Over a New Bitcoin On May 30, 2011, Hal Finney and Jon Tobey entered a debate called “Early speculators’ reward.” Basically, it was a discussion on Bitcointalk, where the OP raised a question that has followed Bitcoin since its very first days – was it fair that early adopters mined or acquired coins before most people knew the network existed? Some participants argued that this early distribution amounted to a significant advantage – so large that the protocol itself should be relaunched. Finney rejected the premise with a response that wa
The post Ethereum Tests Key Support as Rally Setup Builds appeared on BitcoinEthereumNews.com.
Ethereum tests key support near $2,023 as traders watch $2,725 resistance and signs of a potential rally ahead. Ethereum is testing a key ascending support area as traders watch for a possible bottom formation. The ETH price is near $2,023 on the daily Bitstamp chart, after losing the lower Fibonacci zone. Market focus is now on whether Ethereum can defend the $2,000 to $2,170 range and build a base for the next major rally setup. Ethereum Tests Ascending Support Near Key Zone Ethereum has returned to an area that traders view as a major support zone. The chart shows ETH near $2,023, close to the lower range between $2,000 and $2,170. This zone is important because it aligns with a broader ascending support structure. Traders have noted that Ethereum has formed higher lows across market cycles. $ETH/3D#Ethereum is reaching its bottom — and the setup is textbook.$ETH has been forming higher lo
The post Standard Chartered Keeps $40,000 ETH Target Despite 57% Price Decline appeared on BitcoinEthereumNews.com.
Key Takeaways Standard Chartered kept its $40,000 ETH target despite a 57% price decline. Ethereum’s network metrics remain near record levels, according to the bank. Stablecoins and tokenized assets are central to the bullish outlook. Why Standard Chartered Still Sees Ethereum Reaching $40,000 Ethereum’s underlying network indicators continue strengthening even as ETH remains far below recent highs, according to a May 28 research note from Standard Chartered’s Global Research team. Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, wrote that transaction numbers and total value locked, measured in ETH terms, remain near record levels. ETH has still fallen roughly 57% from its August 2025 peak, while ETH- BTC is down 37%. Standard Chartered argues the market is focusing on ETH’s price decline while overlooking stronger transaction and value
The post Spot Bitcoin ETFs See Record 10-Day Outflow Streak, Analyst Calls It ‘Contrarian Indicator’ appeared on BitcoinEthereumNews.com.
Spot Bitcoin exchange-traded funds (ETFs) have logged outflows for ten consecutive trading days, with total net redemptions exceeding $2.97 billion since May 15, a streak that one analyst says may signal a market bottom is near. According to data from SoSoValue, daily outflows ranged from $70 million to $733 million across the period, with the steepest single-day exodus recorded on Wednesday at $733.43 million. Total net assets held across spot Bitcoin (BTC) ETFs have dropped from $104.29 billion on May 15 to $94.17 billion as of Friday, a decline of roughly $10 billion in two weeks. The current streak broke the previous record of eight consecutive outflow sessions, which was recorded in early last year and saw $3.2 billion in withdrawals, on Thursday, before extending to 10 days on Friday. Spot Bitcoin ETFs have become a major gauge of institutional
The post Canadian Billionaire: Crypto Can Be Seized, It’s Not Digital Gold appeared on BitcoinEthereumNews.com.
“There is no escape” A loud Bitcoin skeptic Canadian billionaire philanthropist and prominent gold advocate Frank Giustra has re-ignited the fierce debate surrounding cryptocurrency’s safe-haven status. The magnate has warned that the crypto sector is actually vulnerable to state intervention. “There is no escape” Giustra’s latest criticism has been prompted by remarks from prominent media personalities and U.S. Treasury Secretary Scott Bessent regarding the federal seizure of approximately $1 billion worth of cryptocurrency wallets. “Some of them are typing in their wallets right now and have no idea it’s already gone,” Bessent said. XLM Shoots Up 60%, XRP Left in Dust Bitcoin (BTC), Zcash (ZEC), Ethereum (ETH) and XRP Price Analysis for May 30: Bearish Pressure Emerges Giustra seized on the news to slam Bitcoin’s alleged vulnerability. You Might Also Like One crypto prop
The post Robert Kiyosaki Warns Bitcoin Hype Can Burn Buyers Even With Bullish Forecast appeared on BitcoinEthereumNews.com.
Key Takeaways Kiyosaki said bitcoin, gold, and silver can still lose money when bought on hype. Investors were urged to track cash flows instead of relying on conventional bond safety claims. His crash warnings support the case for hard assets and independent research. Robert Kiyosaki Says Bitcoin Buyers Still Need Discipline Robert Kiyosaki warned that bitcoin can produce losses when investors buy on hype instead of analysis. On May 30, the Rich Dad Poor Dad author and investor criticized claims on social media platform X that U.S. bonds are safe and encouraged followers to monitor cash flows when evaluating investment opportunities. His comments placed BTC within a broader discussion about capital allocation, suggesting that timing, judgment, and conviction can influence outcomes as much as the underlying asset itself. Kiyosaki’s advice centered on investor beha
The post Bitcoin Treasury Space Still Has Fair Share of ‘Carnival Barkers’: BSTR Founder appeared on BitcoinEthereumNews.com.
The Bitcoin treasury company space is becoming more divided between firms with actual financial strategies and those leaning more on promotion, according to one industry executive. “I think a lot of them don’t have the right capital structure, right. They don’t have the ability to actually deploy Bitcoin,” Sean Bill — co-founder of Bitcoin treasury company BSTR, alongside Adam Back — said during an interview with Cointelegraph published to YouTube on Tuesday. “They’re really planning on having Bitcoin do all the talking for them,” Bill said. “I do think that you have a lot of carnival barkers in this space,” Bill said. Sean Bill spoke to Cointelegraph at BitcoinVegas. Source: Cointelegraph Bill said that works well to an extent if a company has “cheap and easy access to leverage in the marketplace.” If not, companies must engage in other activities to add value