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No, Ripple-Backed Ethereum DeFi Protocol Squid Router Isnt Drained for $3 Million

Cross-chain platform Squid Router, which recently raised $6 million from Ripple, mistakenly found itself at the center of a scandal due to a hacker attack on third-party software with a similar name. Initial reports on social media claimed that $3 million had been stolen from the protocol, but on-chain analysis and official statements from the developers refuted these rumors.　　As revealed from reports by Blockaid and PeckShield, due to a critical vulnerability in the code of the third-party SquidRouterModule module, the attacker was able to bypass the security check using a publicly available text string and impersonate a trusted delegate. Since the affected users had previously added this defective contract to their wallets as trusted, the hacker gained the right to spend their assets without personal signatures.　　Through Uniswap V3, the hacker forcibly swapped the victims real tokens for fake tokens, then extracted liquidity and withdrew the funds to wallet “0xA447…54859”. As a result, the hacker drained 86 Gnosis Safe addresses across Ethereum and Base in just two hours, stealing 3.07 million DAI.　　Crypto King Barry Silbert: Privacy Era is Here　　Zcash (ZEC) Paints Falling Star as Momentum Fades, Toncoin (TON) on Verge of Bullish Boundary, Shiba Inu (SHIB) Price Reset Is Near: Crypto

05-26

Tom Lees Ethereum Portfolio Sits on $7.35B Loss as ETH Price Slumps

Tom Lees BitMine faces about $7.3 billion in paper losses on its Ethereum treasury as Ether (ETH) traders weigh worsening sentiment, ETF outflows and a bearish chart setup pointing toward $1,600.　　Key takeaways:Bitmine keeps buying ETH even as its losses mount amid the 57% price drawdown from the August 2025 high.ETH price technicals warn of a 25% drop, which would push Bitmines losses over $10 billion.　　Lee continues buying ETH despite mounting losses　　Ether has fallen more than 57% from its October 2025 peak near $4,955 on Coinbase, with the sell-off also eroding Ethereums market share. ETHs dominance (ETH.D) has dropped to about 10%, down from roughly 15% in August 2025.　　BitMine began building its Ethereum treasury in July 2025, days after closing a $250 million private placement to fund the strategy. By July 14, the company disclosed holdings of 163,142 ETH, worth about $500 million at the time.　　As of last week, BitMine held 5.28 million ETH, or about 4.37% of Ethereum‘s total supply, making it the world’s largest publicly traded Ether treasury company. That means Tom Lees firm kept accumulating ETH through the drawdown, even as its losses widened.　　Lee has not treated the losses as a reason to retreat. In February, he argued

05-26

Tokenized real world assets triple to $34 billion as Treasuries and Ethereum lead

The on chain market for tokenized real world assets has hit a fresh record near $34 billion, more than tripling from roughly $5.4 billion at the start of 2025, with Ethereum carrying about 60 percent of that value and tokenized U.S. Treasuries alone now accounting for around $15 billion.RWA.xyz and recent market reports put tokenized RWA TVL (ex stablecoins) around $31 billion to $34 billion as of May 2026Ethereum hosts roughly 60 percent of RWA value, led by BlackRocks BUIDL fund and Ondo Finance productsTokenized Treasuries sit near $15 billion in AUM, while commodities, private credit and tokenized stocks are the fastest growing segments　　Several independent data sources converge on the same order of magnitude for current RWA size.　　MetaMask, citing RWA.xyz, says that as of April 2026 tokenized U.S. Treasuries held about $12.88 billion on chain and that “the total distributed value of tokenized RWAs surpassed $31 billion by May 2026.”　　InvestaX‘s Q1 2026 market report puts the tokenized RWA market (excluding stablecoins) at roughly $29 billion by the end of March after growing about 30 percent in the quarter, while Binance Square’s May update notes that the sector “has seen significant growth, reaching approximately $31.4 billion by May 2026.”　　How big has

05-26

XRP, ETH, SOL, LINK Look Cheap—The Catalysts That Could Drive The Next Leg Up

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.　　Ronaldos journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.　　Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.　　One of Ronaldos defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.　　Ronaldo‘s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others,

05-26

Trader Linked to Whale now down $128 million after Ethereum wipeout

Onchain analytics firm Bubblemaps says a Hyperliquid whale linked to former BitForex CEO Garrett Jin and the infamous 10 10 short trade would have been up more than $70 million if he had never traded Ethereum, but is instead sitting on roughly $128 million in net losses after catastrophic ETH longs erased huge prior gains.Bubblemaps estimates the trader is down $128 million overall despite earlier nine figure winsThe whale reportedly made about $100 million shorting BTC in the October 10, 2025 flash crashSubsequent outsized ETH longs on Hyperliquid led to more than $200 million in realized lossesA linked wallet has now rotated into Hyperliquid again, buying $10 million of HYPE and shorting $38 million of ZEC　　In a new onchain breakdown shared on X, Bubblemaps reconstructs the PnL of the wallet cluster it associates with Garrett Jin, arguing that if the trader had simply held BTC and avoided the ETH leverage spiral, his net profit would stand north of $70 million; instead, the account is now “down $128M overall” after a brutal series of Ether trades.　　The cluster has been in the spotlight since the so called 10/10 crash on October 10, 2025, when a Hyperliquid whale built massive short exposure into

05-26

Why Traders Pile Into AI and Perp Tokens Early

Allocating Between AI and Perps: Practical Scenarios　　Different market states favor different tilts. If broader tech markets are buzzing about AI hardware and models, AI infrastructure tokens can front-run attention. If crypto-native leverage is surging, perp DEX tokens with fee exposure can respond quickly to on-chain activity. A barbell approach—some AI infra, some fee-exposed perp tokens—can diversify within the same “first mover” basket.　　Position sizing should reflect conviction and data. For AI, track developer activity and network usage claims critically. For perps, follow volumes, fees, and open interest trends. Consider pairing exposure with hedges: e.g., long fee-exposed perp tokens while shorting basket perps during overheated funding, or basis trades if reliable.　　Use public dashboards and official docs to verify claims. For token categories and listings, see CoinGecko‘s AI check calendars like TokenUnlocks (link).Fee illusion: Protocols tout big volumes, but tokenholders may see little. Read fee flow charts, not just headlines.Oracle and smart-contract risk: Perp DEXs rely on robust oracles and liquidation engines. Review audits and incident histories.Unsustainable rewards: Double-digit “yields” solely from emissions are temporary; plan for step-downs.Regulatory exposure: Derivatives tokens can face heightened scrutiny in some jurisdictions; venue access may change quickly.　　For continuing coverage and trader-focused explainers across narratives, you can visit

05-26

Cross-chain compliance is cryptos hidden AML gap

Cross-chain compliance gaps at blockchain bridges are cryptos most dangerous AML blind spot, ThetaRay CEO Brad Levy says.Brad Levy, CEO of ThetaRay, says compliance teams routinely lose visibility at blockchain bridges, the point where assets move between different chains.ThetaRays AI flagged a UK retail customer declared as a packer who received over £134,000 from 40 counterparties before executing regular crypto purchases.Levy says any bank with a fiat-to-crypto blind spot will face regulators treating it as a governance failure within the next 12 months.　　Compliance teams monitoring crypto transactions lose the trail the moment assets cross a blockchain bridge. Brad Levy, CEO of ThetaRay, calls this the Cross-Chain Compliance Gap, the blind spot that emerges when funds move from Ethereum to a Layer 2 or alternative chain and the transaction data fragments at the crossing point.　　“Somewhere between where Ethereum ends and an L2 or alternative chain begins, the data becomes fragmented as the money moves through blockchain bridges,” Levy said. In 2026, real transaction volumes are scaling through these routes and legacy banks are encountering a frontier their AML systems were never built for.　　Why blockchain bridges are the gap no one is watching　　TRM Labs has documented that most illicit actors in 2026

05-26

Tokenized securities at $24B as Prometheum expands

Prometheum has launched new infrastructure allowing broker-dealers and RIAs to offer tokenized securities through traditional brokerage accounts.Prometheum launched new broker-dealer and RIA infrastructure on May 25 allowing traditional Wall Street firms to offer tokenized securities to investors at scale.Co-CEO Aaron Kaplan said crypto has solved tokenisation but not distribution, leaving $24 billion in on-chain securities without a mainstream investor channel.Prometheum operates a network of SEC-registered and FINRA-member broker-dealers supporting the full lifecycle of blockchain-based securities from issuance through settlement.　　Prometheum launched new infrastructure on May 25 allowing broker-dealers and registered investment advisers to offer tokenized securities and crypto assets through traditional brokerage accounts. The company positions the launch as a bridge between blockchain-based securities and the conventional financial system.　　“Crypto has solved tokenization, but it hasnt solved distribution,” said Aaron Kaplan, co-founder and co-CEO of Prometheum. “There are tens of billions of dollars of tokenized securities already issued on blockchain rails, but almost no mainstream distribution channel to reach investors at scale.”　　Why the distribution problem matters more than issuance　　More than $24 billion in securities products have already been issued on blockchain networks according to RWA.xyz data. Crypto.news has tracked the rapid growth of tokenised Treasuries from $380 million in 2023 to $13.4

05-26

Disney Reveals Star Wars Spinoff ‘Ahsoka’ Is 30% Cheaper Than ‘The Acolyte’

Pre-production of the second season of streaming show cost around 30% less than the sum spent on its counterpart according to recently-released filings.　　Released in 2024, became one of the most controversial instalments in Disneys saga. Before the show even launched on the Disney+ platform there was a disturbance in the force as it was branded woke due to its diverse female-led cast. This was supposedly the driving force behind its rating on review aggregator Rotten Tomatoes plummeting when it launched.　　Just a day after the debut of first episode its audience score stood at only 50% but even darker clouds soon began to gather. Overwhelmingly-negative reviews flooded in leaving with an audience score of just 19% which is lower than the notorious 1978 .　　The low score was attributed to unjustified review bombing with the key evidence for this being that the show‘s Rotten Tomatoes critics’ score stands at a more respectable 79%.　　However, the proof of the pudding was the size of the audience as the show only hit seventh place on Nielsen‘s Top 10 originals chart in its premiere week with 488 million minutes viewed. It climbed one spot in the second week but then experienced a dramatic fall from grace

05-26

Sreeram Kannan Explains AI and Crypto Synergy at EigenLabs

AI is accelerating intelligence, but coordination remains stuck in the past. This was the central argument made by Sreeram Kannan, founder of EigenLabs, in a recent discussion with a16zcrypto. Kannan emphasized that while artificial intelligence has made intelligence practically free, the mechanisms that allow intelligence to produce tangible outcomes—like contracts, property, and capital markets—still operate at the speed of human bureaucracy.　　“Programmable intelligence needs programmable institutions,” Kannan stated, pointing out that blockchain technology is uniquely positioned to bridge this gap. With AI capable of making decisions in milliseconds, the bottleneck now lies in systems of coordination, which often take days and rely on manual intervention. This mismatch, Kannan argues, could define the next decade.　　AI Plus Crypto: A Necessary Convergence　　AI and blockchain have often been viewed as separate, even competing technologies. Kannan reframes this narrative, calling AI “intelligence accelerated” and blockchain “coordination accelerated.” The two, he suggests, are complementary. AI generates decisions and insights, but blockchain ensures those decisions are verifiable and enforceable through smart contracts and decentralized protocols.　　For example, a blockchain allows a program to hold property, carry limited liability, or even act as the legal core of a decentralized autonomous organization (DAO). This creates the foundation for autonomous AI agents

05-26

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