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On Thursday, a single user on the decentralized trading platform Hyperliquid lost about $21 million after a private key leak led to an exploit involving the platform’s Hyperdrive lending protocol.According to blockchain security company PeckShield, the attacker targeted 17.75 million DAI (DAI) and 3.11 million SyrupUSDC, a synthetic version of the USDC stablecoin used within Hyperdrive, and subsequently bridged the stolen funds to Ethereum.PeckShield has not confirmed how the private key was compromised.Source: PeckShieldAlertThe exploit comes amid rapid growth for Hyperliquid, which has attracted significant attention due to its points-based rewards program designed to boost liquidity and user participation. The…

Morgan Stanley, one of the world’s largest wealth managers, has reportedly informed its financial advisers that all clients will be able to invest in cryptocurrency funds starting Oct. 15, CNBC reported.Advisers will be able to offer crypto funds to clients with individual retirement accounts (IRAs) and 401(k)s, a significant shift from the previous policy that restricted access to high-net-worth investors with over $1.5 million in assets and an aggressive risk profile.The move could unlock millions of dollars currently tied up in other assets, paving the way for a portion of that capital to flow into cryptocurrencies. As of June 30,…

Hedera Hashgraph’s HBAR token came under heavy institutional selling pressure over the 24-hour trading period ending October 10, with prices fluctuating within a volatile 6% range between $0.21 and $0.22. Despite early resilience that saw HBAR climb toward intraday highs near $0.22, the digital asset reversed sharply in the final trading hour, as institutional investors initiated broad-based selloffs that erased earlier gains.Trading data pointed to exceptional activity during this selloff, with volumes surging to 262.49 million—nearly six times higher than the session’s 47.32 million average. Analysts identified the 3:00 PM hour on October 10 as the inflection point, where the…

Bitcoin (BTC) has recently shown signs of slowing after a strong rally, as prices struggled to maintain levels above $125,000. Following a brief surge, BTC has corrected gains and is now consolidating near $122,200, raising questions about whether the king coin can regain momentum for a renewed rally. Recent Price Action Bitcoin initially climbed past the $125,000 resistance zone, with short-term highs reaching $126,198. However, bearish pressure emerged soon after, pushing the price down below the $123,500 support level. This correction tested the $120,500 region, with a low forming at $120,694. Despite the dip, BTC managed to recover above the…

María Corina Machado, a human rights activist and political opposition leader in Venezuela who has called Bitcoin a “lifeline” for Venezuelans, received the 2025 Nobel Peace Prize for promoting democracy in the South American country.Machado praised Bitcoin (BTC) as a pro-freedom technology in a 2024 interview with Alex Gladstein, chief strategy officer at the nonprofit Human Rights Foundation. She said:“Some Venezuelans found a lifeline in Bitcoin during hyperinflation, using it to protect their wealth and to finance their escape. Today, Bitcoin bypasses government-imposed exchange rates and helps many of our people. It has evolved from a humanitarian tool to a…

The NFT fantasy sports platform is switching from L2 StarkEx to Solana, promising faster, cheaper, and more open ways to trade player cards. Sorare, a blockchain-based fantasy sports game where fans can collect NFT player cards, is once again changing its home, this time migrating from StarkEx to Layer 1 chain Solana.In an announcement on Oct. 8, Sorare described the migration from StarkEx, an Ethereum Layer 2 scaling solution, as “more than a technical upgrade,” calling it a “step forward in our vision to become the most open and flexible platform for digital sports collectibles.”In its FAQ section for the…

Fed Chair Jerome Powell avoided discussing monetary policy during his Oct. 9 Community Bank Conference remarks, supporting Bitcoin’s continued advance toward $150,000.Matt Mena, Crypto Research Strategist at 21Shares, stated in a note that this was a “strategic omission” by Powell.He characterized the narrow focus as “effectively a green light for risk assets” because the US data blackout mutes the macro shocks that typically pressure Bitcoin and nudges policy expectations dovish.With the federal shutdown halting major releases, such as jobs and CPI, traders and the Fed have less hard information to justify new hikes.Additionally, Bitcoin captured over $2.5 billion in inflows…

Strategy’s market net asset value (mNAV) compared to Bitcoin (BTC) its holdings dropped to 1.174 on Oct. 10, the lowest level in almost two years.The company’s shares fell 3% to $307.95 amid broader weakness in the crypto market, translating to a market cap of $88.4 billion. Strategy is the 121st-largest US public company, holding 640,031 BTC, worth approximately $75.4 billion.As of press time, Bitcoin traded at $117,824, down by over 3% in the past 24 hours. The narrowing gap between market capitalization and underlying asset value poses a threat to the sustainability of corporate Bitcoin treasury strategies.Falling mNAV leads to…

Standard Chartered’s recent research warned that stablecoins could drain up to $1 trillion from emerging market (EM) banks over the next three years as savers flock to digital dollar assets.While that figure represents only around 2% of total deposits across the most vulnerable economies, the structural implications could be historic.Experts Weigh in on Standard Chartered’s $1 Trillion Stablecoin WarningThe report, led by Geoff Kendrick, Global Head of Digital Assets Research, and Madhur Jha, Head of Thematic Research, flagged Egypt, Pakistan, Bangladesh, and Sri Lanka as the most exposed.Their findings indicate a growing migration of banking functions to the non-bank digital…

Cryptocurrency markets showed signs of consolidation in the second week of October, even as investors continued to bet on another “Uptober” rally to new highs.Also in the news this week was the $11 billion Bitcoin (BTC) whale who returned after a two-month hiatus to transfer another $360 million in BTC, signaling a potential rotation into the world’s second-largest cryptocurrency, with an additional $5 billion left in their wallet.In another potential Uptober catalyst, the US Securities and Exchange Commission (SEC) received 31 crypto exchange-traded fund (ETF) applications, with 21 of them filed during the first eight days of October.However, the ongoing…