3-year-old bug triggers $1.3 million drain and forces 10-day blockchain halt

A routine Radix code refactor created a vault flaw that enabled a roughly $1.3 million theft and later forced validators to halt the blockchain.  Related Asset Radix #1037 XRD · $0.00058 24-hour change: up 1.20% Loading price history… 24H Up 1.20% 7D Up 18.08% 30D Down 40.05%  The Radix Foundation said Sept. 17 that an RDX Works development team introduced the defect during a June 2023 cleanup of the Radix Engine, the software layer that executes transactions and enforces asset ownership across the network. The vulnerability remained undetected for more than three years before an attacker exploited it on Aug. 31.  A community reconstruction of the ledger shows the attacker withdrew about 458,915 USDC, 72,420 USDT, 61.08 ETH, 6.35 wrapped Bitcoin, 536.16 SOL and 32.91 BNB across 26 transactions. The assets were worth roughly $1.26 million using Aug. 31 market prices, and the attackers took another 13,000 XRD from a vault to pay transaction fees. The two stablecoins alone accounted for about $531,335.  Related Asset Ethereum ETH · $2,596.78 24-hour change: up 5.49%  The stolen assets were sent through Hyperlane to Ethereum, BNB Chain, and Solana, then sold for ETH, Radix said. Hyperlane itself operated as designed: the attacker had already obtained the assets through

09-19انڈسٹری

Crypto Tracing Helps UAE and Sweden Bust $7M Laundering Ring

UAE and Swedish authorities arrested 7 suspects in an international money-laundering ring.The group laundered $7.1M in illicit funds over 10 months, funneling money between criminal networks. Crypto tracing and digital evidence linked the laundered funds to violent crimes.  In a joint operation, authorities in the UAE, in coordination with Swedish officials, arrested a Swedish national suspected of running an international money-laundering network. The move coincided with the arrest of six other alleged members of the group in Sweden.  The UAE Ministry of Interior says the suspect had left Sweden and was wanted under an INTERPOL Red Notice for suspected money laundering.  Investigators found that the group moved about SEK 70 million (roughly $7.1 million) over 10 months. The money supposedly consisted of cash proceeds from criminal activity that got passed along to other criminal groups.  Crypto Tracing Helped Investigators  So far, officials havent said which cryptos or platforms were used, but said the crypto trail became a key part of the case.  The UAE Ministry of Interior said that tracing the crypto transactions and analyzing digital evidence helped investigators link the money to other crimes, including organized crime and contract killings.  Interestingly, the arrests also show how countries are working together more and more to track crypto

09-19انڈسٹری

Real Yield Passes a Test Most of Crypto Fails

Brila, the team behind Elara, just brought its native token to Robinhood Chain. The chain has quietly become one of the more credible new networks in digital assets and was holding around $700 million in TVL by late August. In announcing the move, Brilas team singled out Elara by name. They described it as the kind of “institutional stablecoin yield strategies designed to generate attractive income without taking directional token exposure” they want more of across the network.  Two years ago, that sentence would have been a warning sign. This year, its what serious money is screening for.  The screen changed  Anyone whos spent more than a few years in the space has seen the pattern. A new protocol launches with an eye-watering APY. For a while it looks incredible. Then the token emissions funding that yield starts diluting faster than new deposits can absorb. The number quietly collapses, and the depositors who left early are the only ones who made money. That was never yield. It was early liquidity subsidizing later liquidity, dressed up with a percentage sign.  Evan wrote the closing chapter on that era this week in a piece called Have Fun Staying Poor. His short version: cryptos endgame turned out

09-19انڈسٹری

Bitcoin price breaks channel as RSI climbs to 63

Bitcoin price surged more than 5% on Sep. 18, breaking above $80,000 as a 4-hour trend reversal and concentrated short liquidations accelerated the recovery from $75,560.  SummaryBitcoin price gained 5.49% and reached an intraday high of $81,258.Price now trades above the 20-, 50-, 100-, and 200-day moving averages.4-hour Aroon Up reached 100%, while the Supertrend flipped bullish.Liquidation clusters near $81,500–$82,000 could shape Bitcoins next move.  Bitcoin price rebounds from $75,560  According to data from crypto.news, Bitcoin (BTC) price was trading near $80,600 at the time of writing after opening the daily session at $76,417. The 5.49% advance reversed most of the losses recorded during the earlier decline from the $80,000 area.  The move followed a drop to about $75,560, Bitcoins lowest level this month. Buyers first stabilized the price around $76,000 before pushing it through the $78,000 and $80,000 levels in two rapid advances.  Bitcoin briefly touched $81,258 during the rally but pulled back below $81,000, showing that sellers remain active near the upper end of its recent range. Even so, the daily candle remains strongly positive, with its real body covering more than $4,000.  Discover more  Access Premium News  Choose POS Systems  News  The recovery also returned Bitcoin to the range it held before the Sep. 15 sell-off. Price

09-19انڈسٹری

Wall Street Slides as Crude Oil Surges Past $102 and Treasury Yields Spike

Key TakeawaysMajor US stock indices declined Friday amid surging bond yields and elevated oil pricesTreasury yields spiked, with the 10-year note climbing back above the 5% thresholdWTI crude oil prices exceeded $102 per barrel, intensifying inflation pressuresThe Federal Reserve implemented a 25 basis point rate increase this week, with market participants anticipating further tighteningMarket expectations for an additional 50 basis points in rate increases this year climbed to 44.3%  US equity markets finished lower on Friday as surging Treasury yields and elevated crude oil prices erased early session advances across the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite.  The Dow Jones Industrial Average retreated approximately 200 points, representing a 0.4% decline. The S&P 500 shed 0.2%, while the Nasdaq Composite fell 0.1%.  E-Mini S&P 500 Sep 26 (ES=F)  Friday‘s trading activity occurred during a “triple witching” session, marking the simultaneous expiration of stock options, stock index futures, and stock index options. Charles Schwab’s head trading strategist Joe Mazzola cautioned that market volatility may intensify in the coming week as investors reposition portfolios ahead of quarter-end.  Discover more  Open Trading Account  Finance  financial  The benchmark 10-year Treasury yield pushed back above the 5% mark, while the 2-year yield advanced to 4.75%. Elevated bond yields typically create headwinds for

09-19انڈسٹری

US Dollar to maintain its momentum, but not for long

The EUR/USD pair closed the week below 1.1500, not far above a fresh multi-week low of 1.1454. The US Dollar (USD) rallied following the Federal Reserves (Fed) monetary policy announcement, the sole market catalyst this past week.  United States Federal Reserve hits the up button as the Middle East crisis intensifies  The United States (US) Fed decided to hike the benchmark rate by 25 basis points (bps), setting the Fed Funds Target Range (FFTR) to a 3.75%–4.00% range, to no one‘s surprise. Inflation in the world’s largest economy has been running above the central banks goal since March 2021, and while price pressures eased through 2025, the new year brought new challenges.  Concerns about US President Donald Trump‘s tariffs weighing on price pressures were quickly overshadowed by a global energy supply crisis, created by Trump itself. What started as an Iran-Israel war evolved into a regional war in the Middle East that interrupted sea traffic through the Strait of Hormuz. Before the conflict, roughly 25% of the world’s crude Oil and petroleum products went through the sea passage, while over 80% of it supplied Asian countries.  The crisis, however, was far from contained within the Persian Gulf. Scarce Oil supply led to skyrocketing prices,

09-19انڈسٹری

Bitcoin Price Hits $81K on Renewed Spot Demand, Leverage Reset

Bitcoin surged past $81,000 on Friday, hitting an intraday high of $81,238, before settling around $80,800 with a $1.62 trillion market cap.  Key TakeawaysBitcoin hit $81,238 on Friday after CFTC regulatory draft rules reached the White House.Sudden price surge triggered $238M in bitcoin short liquidations, crushing leveraged traders.Bitgets Lacie Zhang expects daily spot ETF inflows to sustain bitcoin above $80,000.  CFTC Draft Rules Spark Rally Beyond $81,000  Bitcoin‘s price breezed past $81,000 Friday amid reports that the Commodity Futures Trading Commission (CFTC) sent crypto market rules to the White House for review. The cryptocurrency’s sudden spike ends a volatile week in which it fell below $75,000 for the first time since August, after the U.S. Senate failed to pass the CLARITY Act.  Before the surge, bitcoin appeared set to trade between $76,000 and $77,000, a range it had reclaimed Thursday. An hour before midnight, however, it began climbing, breaching $77,000 before tapering off at $78,350 around 5:10 a.m. Eastern time. The price briefly held above $78,000 until a sudden rally pushed it to $81,238, an intraday peak and its highest level since Sept. 4.  At press time (12:41 p.m. EST), bitcoins price had retreated to trade above $80,800, translating to more than a 5% gain

09-19انڈسٹری

Bitcoin Price Surges Over $81,000

Bitcoins price on Friday shot above $81,000 — despite a week of setbacks for the crypto industry.  The biggest coin was recently trading for $80,982, after jumping as high as $81,055 at one point Friday morning in New York. Over the past 24 hours, it has risen by nearly 6%.  Its surge comes after lawmakers on Tuesday blocked long-awaited crypto legislation, the Clarity Act, and the Federal Reserve on Wednesday hiked interest rates.  Digital asset industry bigwigs had long called for clear rules to regulate the crypto space and the Clarity Act — which wants to divide oversight between regulators — aimed to do that. But lawmakers blocked the landmark digital asset market structure bill in a procedural vote.  And the Federal Reserve increased borrowing costs for the first time due to skyrocketing inflation in the U.S. The central bank‘s chair, Kevin Warsh, said that price stability in the U.S. was the Fed’s number one priority.  “The plain fact is that inflation is too high, and has been for too long,” Warsh said. “This summers inflation readings do not tell me that underlying trends have meaningfully improved.”  Bitcoin has in the past done well in a low interest rate environment because it means there is more

09-19انڈسٹری

Fake AI Bot Tutorials Tricked 224 Victims Into Deploying Their Own Drainers

Fake YouTube tutorials promising AI-built crypto arbitrage bots led 224 victims to deploy and fund their own malicious smart contracts, draining 274.60 ETH between Feb. 12 and Aug. 11, TRM Labs said in a Sept. 14 analysis.  The blockchain intelligence firm said it found 234 victim-deployed contracts feeding six operator-controlled collection addresses. It valued the stolen ETH at about $517,205 at the time of the transfers and put the median loss at 1 ETH.  Discover more  Machine Learning Claude was used only to market the scheme.  One compiler site tried to extract a second payment after the initial drain by displaying an invented “gas nonce liquidity” error and telling the victim to add another 50% of the original deposit, up to 1 ETH. TRM said the term is not an Ethereum concept and the message was designed to prompt another transfer.  The nine videos remained online as of September and had accumulated 310,474 views, according to TRM. The firm also identified earlier versions of the scheme that used ChatGPT as the lure in 2025, showing how operators could change the AI branding without changing the underlying theft mechanism.

09-19انڈسٹری

Why is Litecoin rising?

Litecoin (LTC) extends its gains on Friday, exchanging hands at $55.00. The 28th-largest cryptocurrency, with a market capitalization of $4.3 billion, has notched a third straight session of recovery from the critical $50.00 support zone.  Continued momentum here could pave the way for a decisive breakout above $60.00, reinforced by a strong cluster of moving averages.  Retail demand props Litecoin gains  Litecoin derivatives market remains steady, attracting 7.5 million LTC in perpetual futures Open Interest (OI) on Friday, up from 7.4 million LTC the day before. More broadly, the metric has steadily recovered in recent months, underscoring growing appetite for risk assets.  LTC Futures OI | Source: CoinGlass  Moreover, Litecoin OI-weighted funding rate remains positive, indicating bulls are willing to pay a premium in fees to keep their long positions open, anticipating a potential move above $60.00.  LTC OI-Weighted Funding Rate | Source: CoinGlassTechnical analysis: Litecoin bulls tighten grip as price ticks up  Litecoin trades at $55.00, maintaining a constructive bullish bias as price stays above key Exponential Moving Averages (EMAs). The 50-day EMA at $50.18, the 100-day EMA at $49.49 and the 200-day EMA at $53.52 all sit below spot, suggesting an underlying supportive trend structure.  Still, the Moving Average Convergence Divergence (MACD) is turning negative and

09-19انڈسٹری
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