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Layerzero Discloses RPC Poisoning Incident Linked to $292M KelpDAO Hack

Layerzero Labs Apologizes for Lazarus Group Security Breach Response　　Layerzero Labs issued a candid apology for a three-week communication silence following a security breach involving the Lazarus Group. According to an official update, the attackers poisoned the source of truth for internal Remote Procedure Calls (RPCs) used by the Layerzero Labs Decentralized Verifier Network (DVN).　　This sophisticated hit coincided with a Distributed Denial of Service (DDoS) attack against the firms external RPC provider. The fallout, according to the report, was contained to a small fraction of the ecosystem. Layerzero noted that the incident impacted a single application, representing 0.14% of total apps and 0.36% of the total value locked on the protocol.　　Since April 19, the team detailed that it has been working with external security partners to finalize a comprehensive post-mortem report. The team further admitted to a significant oversight in allowing their DVN to act as a solo verifier for high-value transactions. Layerzero also acknowledged that they failed to police what their DVN was securing, which created a “single point of failure” risk.　　To rectify this, the lab is now educating developers on safe configurations and will no longer service 1/1 DVN setups. The disclosure also addressed a bizarre security lapse involving

05-10

Stablecoin execs warn on hard part ahead

Executives from MoonPay, Ripple, and Paxos said at Consensus Miami 2026 that stablecoin regulation has accelerated institutional adoption but that major infrastructure and privacy gaps still block mainstream use.MoonPay VP Richard Harrison said the GENIUS Act gave firms a regulatory permission slip, accelerating traditional finance entry into stablecoins.Ripple SVP Jack McDonald argued that institutional adoption depends on regulated products, trusted custody, and utility beyond market capitalisation.Paxos engineer Brent Perrault warned that unresolved privacy issues on public blockchains remain a significant barrier to enterprise-scale stablecoin payments.　　Top executives at three of the most active stablecoin companies told the Consensus Miami 2026 audience on May 8 that new US regulation has fundamentally changed the competitive landscape for dollar-pegged tokens, bringing traditional financial institutions into a market that was previously difficult for them to enter. The shift, however, has exposed a new set of problems the industry has yet to solve.　　Richard Harrison, MoonPays vice president of banking and payment partnerships, said the passage of the GENIUS Act gave firms across traditional finance a regulatory framework to operate within. “What GENIUS brought us was clarity,” Harrison told the panel, noting that traditional finance firms are now entering stablecoins at a faster pace because compliance is

05-10

Binance reports 77% of users in emerging markets treat exchanges like banking apps

Binances user base has undergone a quiet but dramatic demographic shift. The exchange now counts 77% of its users from emerging markets, up from 49% in 2020.　　The numbers behind the banking shift　　73% of stablecoin savers on Binance are located in emerging markets. In English: nearly three out of four people using the platform to store dollar-denominated value live in countries where the local currency might lose purchasing power faster than you can refresh a price chart.　　The engagement metrics go deeper. 24% of active users now utilize two or more services on the platform, while 14% use three or more. Of that most-engaged cohort, 83% are from emerging markets.　　Why traditional banking lost the race　　Globally, 1.4 billion adults still lack access to basic financial services. Traditional banks never solved this problem because the economics didn‘t work. Opening branches in rural Nigeria or remote Indonesia costs money. Maintaining compliance infrastructure for small-balance accounts costs more money. The result: banks simply didn’t show up.　　Binances pitch is straightforward. A smartphone app with 24/7 access, no minimum balance requirements, and cross-border functionality baked in.　　Regulatory tightrope and market integrity concerns　　Binance has faced persistent scrutiny over illicit fund flows and market manipulation practices across its platform. The exchange

05-10

XRP Price Prediction Strengthens After Ripple, JPMorgan, Mastercard Settle First Cross Border Tokenized Treasury on XRP Ledger: Pepeto Holds the Bigger Multiple

The XRP price prediction picked up serious momentum after Ripple, JPMorgan, Mastercard, and Ondo Finance completed the first cross border, cross bank redemption of a tokenized US Treasury fund on the XRP Ledger, as reported by CoinDesk. The pilot settled in under five seconds outside normal banking windows, plugging a public blockchain into JPMorgans $3 trillion Kinexys settlement platform.　　This is the kind of plumbing that turns XRP from a payments narrative into live institutional infrastructure, with JPMorgan delivering US dollars to Ripples Singapore bank in the same flow that cleared the asset side on XRPL.　　XRP trades at $1.38 today after a 2.34% pullback. While XRP price watchers track whether $1.45 breaks first, Pepeto is drawing capital from wallets that know presale entries reprice the moment a Binance listing arrives. With $9.86 million already raised at $0.0000001869, the math is too clean to ignore.　　XRP Price Prediction Gets a Major Boost as Tokenized Treasury Settlement Lands Live on XRPL　　The Ondo OUSG redemption used the XRP Ledger as the asset rail, with Mastercards MTN routing instructions and JPMorgan delivering dollars across borders. The pilot is the first time a public blockchain and global banking infrastructure handled a cross border tokenized fund redemption as

05-10

Solana Price Nears Key Resistance—Can SOL Rally to $100 This Weekend?

The post Solana Price Nears Key Resistance—Can SOL Rally to $100 This Weekend？ appeared first on Coinpedia Fintech News　　As the Bitcoin price stabilizes around the $80,000 range, bullish momentum appears to be gradually returning to the crypto markets. Among the top-performing altcoins, Solana is showing notable strength after the SOL price surged above $90 and climbed as high as $93 over the past few hours.　　The rally has pushed SOL close to a crucial resistance zone, while technical indicators continue to flash bullish signals. Analysts now believe a breakout above the local resistance near $95 could open the doors for a fresh rally toward the long-awaited $100 milestone this weekend.　　Solana Price Analysis: Can Bulls Sustain the Momentum？　　The Solana price is approaching a crucial resistance zone after reclaiming the $90 range with rising bullish momentum. As market sentiment improves, traders are now watching whether SOL can break above the local resistance near $95 and trigger a fresh rally toward the psychological $100 milestone this weekend.　　The daily chart shows SOL rebounding strongly from the key support zone near $76 while forming higher lows, indicating growing bullish strength. The price is now testing the upper resistance range near $95, which has capped previous recovery

05-10

Ondo Price Prediction: JPMorgan and Mastercard Just Settled a Treasury on the XRP Ledger in Under 5 Seconds

Ondo, JPMorgan, Mastercard, and Ripple settled a tokenized Treasury on the XRP Ledger in under five seconds, outside banking hoursONDO spiked to $0.488 before pulling back, blowing through all four EMAs in a single daily candle for the first time since October 2025Daily active addresses hit 3,200 on May 8, the highest in 30 days, as real network activity confirmed the move　　Ondo trades at $0.417 on May 9, down from a $0.488 intraday high, after JPMorgan, Mastercard, and Ripple settled a tokenized US Treasury on the XRP Ledger in under five seconds and broke every bearish EMA structure on the daily chart in one candle.　　Ondo Daily Chart: Six Months of Downtrend Erased in One Session　　ONDO spent six months grinding from $1.05 in October 2025 down to a base near $0.20 in February, with every EMA stacked bearishly above price. Yesterdays spike changed that entirely. Price cut through the 20 EMA at $0.313, the 50 EMA at $0.287, the 100 EMA at $0.305, and the 200 EMA at $0.403 in a single session, closing above all four for the first time since the downtrend started.　　The Bollinger upper band at $0.402 was also breached, a volatility expansion signal that typically follows prolonged

05-10

US imposes sanctions on 14 individuals and entities aiding Irans weapons sector

OFAC designated 8 individuals, 4 companies, and 2 aircraft in this latest action. The targets are spread across Iran, Turkey, and the United Arab Emirates.　　Among the most notable names: Pishgam Electronic Safeh Company and its CEO, Hamid Reza Janghorbani. The company is accused of playing a role in Irans procurement networks for missile and drone technology.　　Actors associated with Mahan Air, Iran‘s privately owned airline that has been on Washington’s radar for years over allegations of ferrying weapons and military personnel, were also caught in the net. The designations fall under Executive Order 13382, which targets proliferation networks, and Executive Order 13224, which focuses on terrorism financing.　　The practical effect is straightforward: all US-held property belonging to these entities is now frozen. Any American individual or company doing business with them faces severe legal consequences. And because of the way secondary sanctions work, non-US companies that transact with these targets risk being cut off from the American financial system too.　　The ‘Economic Fury’ campaign in context　　This round of sanctions sits within a broader initiative Washington has branded “Economic Fury.” The campaign kicked off after the UN reimposed sanctions on Iran on September 27, 2025, citing violations of Tehrans nuclear program commitments.　　Since then, the

05-10

ByteDance raises 2026 capex by 25% to $30B for AI investment

Tech　　ByteDance raises 2026 capex by 25% to $30B for AI investment　　ByteDance is boosting its 2026 artificial intelligence budget to ¥200 billion, roughly $30 billion. Thats a 25% jump from its previous spending plans, and it puts the TikTok parent company squarely in the ring with the biggest AI spenders on the planet.　　The increased allocation is aimed at AI models and chips, the two ingredients that matter most in the current race to build dominant AI infrastructure.　　The global AI capex arms race　　Meta has projected spending between $115 billion and $135 billion on capex in 2026. Oracle has earmarked $35 billion. ByteDance‘s $30 billion sits below those headline figures, but context matters. China’s AI ecosystem operates with different cost structures, different chip supply chains, and different regulatory frameworks.　　Chips, geopolitics, and the Huawei factor　　A significant portion of ByteDance‘s expanded budget will flow toward AI chips. With US export controls restricting access to Nvidia’s most advanced processors for Chinese companies, ByteDance and its peers have been increasingly reliant on domestic alternatives. Demand for Huawei‘s Ascend 950 AI chips has reportedly surged following the launch of DeepSeek’s V4 model, which demonstrated that competitive AI performance is achievable on non-Nvidia hardware.　　China has mandated that ByteDance and

05-09

Sydney Huang Warns AI Bot Collusion Could Spread Before Regulators Respond

Tech　　Sydney Huang Warns AI Bot Collusion Could Spread Before Regulators Respond　　According to an April 2026 International Monetary Fund (IMF) report, the world is rapidly exiting the era of “click-to-pay” and entering the age of “decide-to-pay.” But as humans step out of the loop, an important question emerges: Can our financial guardrails survive a machine-speed economy？　　The IMF report notes that agentic artificial intelligence (AI) is set to radically increase the velocity of money. By removing human “friction,” capital will circulate through the global economy at unprecedented speeds. Sydney Huang, CEO of Human API, suggests that we could see a 10-fold increase in the velocity of money. While this sounds like a productivity miracle, it presents a nightmare for central banks. Traditional monetary policy is built on “lag.” When a central bank raises interest rates, it takes months for that decision to filter through human institutions. In an AI-to-AI economy, that lag disappears.　　“A 10-fold increase in the velocity of money driven by AI-to-AI commerce would require regulators to adopt tools that operate at machine speed,” Huang warns. Without these capabilities, a machine-speed inflation spike or a global flash crash could occur before a human regulator even receives a dashboard alert.　　To prevent cascading

05-09

BlackRock CEO Larry Fink dismisses AI bubble concerns, urges faster investment

Tech　　BlackRock CEO Larry Fink dismisses AI bubble concerns, urges faster investment　　Larry Fink, the CEO of BlackRock, wants you to know that AI is not in a bubble. And hed really appreciate it if everyone would start spending money faster.　　Speaking at the 2026 World Economic Forum in Davos on January 22, Fink made a sweeping case for accelerating AI infrastructure investment globally. His core argument: the world isnt moving fast enough, the capital expenditure required is enormous, and the economic payoff from building it out will ripple across the entire global economy.　　“I sincerely believe there is no bubble in the AI space. Hundreds of billions of dollars is needed to build this out. The capex is going to drive more global growth.”　　The case for hundreds of billions　　AI requires physical infrastructure: data centers, chips, power grids, cooling systems. Major tech companies like AWS, Google, and Microsoft are expected to spend $200 billion or more on data centers alone in 2026. BlackRocks own Q1 2026 earnings confirmed that the firm views AI infrastructure as a $1 trillion-plus opportunity over the next five years.　　Fink specifically argued that AI benefits must “spread beyond the biggest firms” to avoid a scenario where a handful of hyperscalers

05-09

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