Bonzo Lend loses $9M in oracle exploit on Hedera

Hedera-based lending protocol Bonzo Lend lost about $9 million after an attacker manipulated the price of the SAUCE token used as collateral, allowing the account to borrow assets far beyond the value deposited.  In a preliminary incident report published Saturday, Bonzo said the attacker deposited 250 SAUCE, worth only a few dollars, before submitting a price update that inflated the tokens value by roughly 12 orders of magnitude. The wallet then borrowed 6.63 million USDC and 34.5 million wrapped HBAR from the lending pool.  The case illustrates how oracle failures can turn low-value collateral into a tool for draining large amounts of liquidity from lending protocols, even when the application and underlying network continue operating as designed.  Bonzo attributed the incident to a flaw in Supras onchain oracle verifier, which accepted a manipulated SAUCE price carrying a zeroed signature, that is, a digital signature that has no content or is empty, effectively deleting any existing signature.  The protocol said Supra acknowledged the issue and deployed a fix, while stressing that the incident was not a vulnerability in Bonzo Lend‘s contracts or Hedera’s core network.  Estimated economic impact of the incident. Source: Bonzo Finance  DeFi hacks continue to pressure the sector  The incident adds to a growing number

07-13Industry

The Complete Dive Into Bitget Stocks 2.0 and Its Comprehensive Approach to U.S. Equities

In January 2026, Bitget announced that spot trading volume for stock tokens had surpassed $1 billion, capturing approximately 89% of global market share among Ondo-issued tokenized stock tokens. The trend has also extended into derivatives. According to TokenInsights Q1 2026 Derivatives Market Report, Bitget ranked second globally in stock perpetual contracts, with a 22.61% market share.  These figures matter because they show that demand for stock-linked crypto products is no longer limited to early adopters. Users are looking for ways to access equity markets through the same tools, balances, and interfaces they already use for digital assets. Bitget ranks among the first major crypto exchanges to support tokenized equities at scale, helping establish it as a go-to venue for users seeking stock exposure inside a crypto-native trading environment.  Stocks 2.0 builds on that position by expanding Bitgets equity ecosystem beyond tokenized exposure alone. The upgrade brings together rTokens, which provide tokenized U.S. equity exposure through Reality, and Stock+, which allows eligible users to purchase real U.S. stocks through U.S.-licensed brokers using USDC. With U.S. stock options now being added to Stock+, Bitget is extending that ecosystem from stock access into more flexible trading strategies around market direction, earnings events, and portfolio positioning.  This

07-13Industry

XRP Victory Day marks 3 years since Ripples SEC lawsuit win

The XRP community is marking July 13 as “XRP Victory Day,” three years after Judge Analisa Torres issued a split summary judgment in the SECs case against Ripple.  The 2023 order rejected the regulators claim that every XRP transaction followed the same legal pattern. It also gave public exchange sales a different outcome from direct institutional deals. The SEC had accused Ripple and two executives of conducting unregistered securities offerings through years of XRP sales and distributions across several channels.  The court did not issue a blanket ruling that every future XRP sale falls outside securities law. Torres wrote that XRP, as a token, was not “in and of itself” an investment contract. She then examined how Ripple offered and sold the asset in separate transaction categories under the Howey test.  Exchange and institutional sales received different outcomes  Ripple‘s programmatic sales on exchanges did not qualify as investment contracts, the court found. Those trades used blind bid-and-ask systems. Buyers did not know whether Ripple or another holder sold the XRP. The record therefore failed to show that those buyers reasonably expected profits from Ripple’s work.  The decision went the other way for about $728.9 million in institutional sales. Ripple sold those tokens through written agreements

07-13Industry

Japans SBI partners with Solana on stablecoins, RWAs, payments

SBI Holdings and the Solana Foundation have formed a strategic partnership to develop an onchain financial market based in Japan.  Under the agreement, the foundation will join SBI R3 Japan alongside SBI and Sumitomo Mitsui Financial Group, one of Japans major banking groups. The company plans to change its name to SBI Solana Global, subject to the required corporate process. The partners announced the arrangement on July 13.  The venture will use Solana as its main blockchain infrastructure. SBI said the project will connect Japans financial assets, regulated institutions and legal framework with international blockchain markets.  The group said it aims to make Japan “a core hub for onchain finance in Asia.” That remains a business target. The announcement did not provide revenue forecasts, launch volumes or client commitments. It also did not say whether the renamed company will end any existing Corda-related work.  Stablecoins and tokenized assets lead the plan  SBI Solana Global plans to support the issuance and distribution of yen stablecoins, including JPYSC. It will also work on tokenized corporate bonds, commercial paper, investment funds and real estate.  The company aims to provide one system for issuance, distribution and settlement rather than offering blockchain technology alone. This structure could allow issuers to manage

07-13Industry

Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic

The combined market capitalization of major stablecoins fell from roughly $166 billion in March 2022 to $122 billion by September 2023, RWA.xyz data shows — a decline of over 26% as investors pulled money from the digital asset market.  Tethers USDT fell from $78 billion to $65 billion between March and November 2022. For USDC, the downtrend took much longer to play out, falling from $55 billion in July 2022 to below $24 billion by November 2023, exacerbated by its banking partner Silicon Valley Banks collapse in 2023 March.  The implosion of TerraUSD, the algorithmic stablecoin of the Terra-Luna crypto project, also wiped out $18 billion from the stablecoin market.  The current decline is only a temporary setback in a long-term uptrend, one analyst said.  “The recent decline in stablecoin market cap represents a relatively small pullback in what we believe is a long-term growth market,” said Paul Howard, senior director at trading firm Wincent.  “Short-term fluctuations in liquidity are normal, but they dont change our view that stablecoins will continue to play an increasingly important role in the digital asset ecosystem,” he added.  Increasing stablecoin competition  Looking beyond the headline decline, the trend appears more nuanced.  Part of the slowdown reflects a changing competitive landscape. As stablecoins

07-13Industry

Lawson to test JPYC in Japans first POS-linked stablecoin trial

Japanese convenience store operator Lawson will test payments with the yen-denominated JPYC stablecoin in early August.  SummaryLawson will connect JPYC payments directly to its POS system during a single-store Tokyo trial.Customers will scan mobile wallet barcodes, while HashPort updates balances using verified checkout transaction data.Japans megabanks are also preparing yen stablecoins, widening competition across regulated digital payment networks nationwide.  The company will run the trial at its Takanawa Gateway City store in Tokyos Minato Ward. HashPort, a digital asset wallet provider, will support the payment system and process balance changes linked to purchases.  Lawson described the project as Japans “first” stablecoin payment trial connected directly to a point-of-sale system. That claim comes from the company and the test has not yet started. Lawson has not announced a chainwide launch.  Japan‘s Top-Three Convenience Store Chain Lawson to Launch Country’s First POS-Integrated Stablecoin Payment Trial  Japans top-three convenience store chain Lawson will trial yen-denominated stablecoin JPYC payments in early August at its Takanawa Gateway City store in Tokyo, in…   It will decide on wider use after checking system stability and transaction speed. The company will also review whether the process fits normal store operations without slowing customers or adding extra work for employees during busy periods.  You might

07-13Industry

Gold Prices Slide as Iran Tensions Erase Weak US Jobs Report Rally Gains

Gold fell 1.6% and silver dropped 4.3% this past week as a fragile U.S. jobs report and a fresh U.S.-Iran flare-up pulled precious metals in opposite directions within days of each other.  Key TakeawaysGold fell 1.6% to about $4,110 as Iran halted its ceasefire on July 8, 2026.Silver dropped 4.3% to $59.70, with the FOMC minutes showing a split Fed on rate hikes.The BLS reported just 57,000 June jobs, and traders now watch CPI data for the next Fed signal.  Spot gold started the week near $4,175 an ounce. Futures pushed as high as $4,215.50 on Monday after the Bureau of Labor Statistics reported just 57,000 nonfarm payrolls added in June, well below the roughly 110,000 economists expected. The BLS also cut its April and May job totals by a combined 74,000. Unemployment ticked up to 4.2%.  Traders read the weak jobs print as a sign that the Federal Reserve would move closer to cutting interest rates. The dollar weakened against major currencies. Gold and silver both climbed into the holiday-shortened week, with silver touching $62.80 an ounce and gold trading above $4,200.  Image source: X  The rally did not last. President Trump stated on July 8 that a fragile ceasefire with Iran was over.

07-13Industry

TON Price Prediction: $1.60 Trap Door or Launch Pad — Bears Have the Edge Until $1.67 Breaks

TON is nailed to $1.60 with MACD momentum fully dead and price stuck beneath both its 20 and 50-day moving averages — the path of least resistance points toward a $1.52–$1.55 flush at 60% probabili…  Market Context: Why TON Is Moving Now  TON‘s 0.95% uptick this morning is noise, not signal. Strip away the cosmetics and what you have is a token trading 25% below where analyst consensus thought it would be six months ago. When Blockchain.news published a $2.05–$2.15 target for January 2026 back in December 2025, the thesis required momentum to hold. It didn’t. The market has systematically repriced TON lower since, and at $1.60, bulls are clinging to a single structural lifeline: the 200-day SMA sitting at $1.55.  The gap between here and any meaningful trend recovery is wide. The 50-day SMA is at $1.78 — that‘s an 11% move from current price. That kind of recovery doesn’t materialize without a credible catalyst, and as of 09:00 UTC today, there is nothing on the tape to justify that conviction.  Indicator Alignment: The Technicals Dont Lie  This is a chart where nothing is working in the bulls favor. The MACD histogram has landed exactly at zero — momentum has not just weakened, it

07-11Industry

XRP Price Prediction: Dead on Its Pivot — A $1.09 Break Opens the Door to $1.02

XRP is pinned at its own pivot point of $1.11, MACD momentum flatlining and 74% of retail crowded long — the setup reeks of a shakeout flush to $1.02 before any real recovery attempt; a break above…  The Immediate Setup  XRP is doing something traders hate to see — absolutely nothing. A 24-hour range of $1.10 to $1.12, a price change of 0.19%, and $56M in Binance spot volume. That‘s not constructive consolidation. That’s a market holding its breath, and usually when markets hold their breath this long, the exhale is violent.  The MACD histogram is sitting at essentially zero after grinding through negative territory for days. Momentum hasn‘t reversed — it’s just exhausted itself. The RSI hovering just under 50 confirms buyers are present but hesitating, unwilling to commit. Meanwhile, the stochastic %K has crossed above %D, which will tempt some into reading a bullish signal here. Be careful. A stochastic crossover inside a bearish MACD structure is a trap more often than a launch pad.  The short-term EMAs — 12 and 26 — have converged almost exactly at current price, compressing right around $1.11-$1.12. Compression like this always resolves with expansion. The question is direction, and right now the weight of evidence

07-11Industry

XRP Holds $1.10 as Ex-SWIFT CIO Kills Ripple Integration Rumor

XRP News  Former SWIFT Chief Innovation Officer Tom Zschach shut down the latest wave of speculation that the global banking messaging network is preparing to integrate or support XRP, answering the claims with a blunt two-word rebuttal on X: “Not happening.” The rumor had circulated among retail traders who asserted, without evidence, that SWIFT would “collaborate and support” public tokens rather than compete with them. Zschach, who spent roughly six years steering SWIFT innovation, noted that no official SWIFT announcement or public document backs the narrative. His intervention matters because it comes from someone who worked directly on the networks digital-asset strategy, undercutting a claim that had quickly hardened into a price expectation for the XRP token.  The correction did not end there. Chainlink community lead Zach Rynes seized on the moment to argue that XRP has “no tangible adoption or meaningful role in the financial system,” framing the SWIFT episode as proof that facts were not reaching retail holders. Rynes said the former executive‘s comment “evaporates the long-standing conspiracy delusion about SWIFT adopting XRP,” predicting the community would experience cognitive dissonance. His remarks reignited a perennial debate over the real-world utility of the Ripple-linked altcoin, pitting a rival ecosystem’s messaging directly

07-11Industry
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