ZetaChain admits overlooking bug bounty report before $334K exploit

ZetaChain has acknowledged that a vulnerability behind its recent exploit had already been reported through its bug bounty program, but was treated as expected behavior.  According to ZetaChains post-mortem published Wednesday, the incident has triggered an internal review of how the protocol evaluates bug bounty submissions, especially those involving multi-step attack paths that may appear harmless when viewed separately.  The disclosure follows an attack on Sunday that targeted the projects cross-chain gateway contract, draining about $334,000 across nine transactions on Ethereum, Arbitrum, Base, and BSC, all from wallets controlled by the team.  ZetaChain stated that no user funds were impacted, a point it had also emphasized a day earlier when it paused cross-chain transactions on its mainnet to contain the breach.  DefiLlama data had earlier estimated the losses at roughly $300,000, while ZetaChain said at the time that it would release a full breakdown after completing its investigation.  Flaws combined to enable full drain  ZetaChain said the attacker chained together three separate design weaknesses that, on their own, did not appear critical but together enabled the exploit. The gateway contract allowed unrestricted cross-chain instructions to be sent, while the receiving side executed nearly any command on any contract, with a limited blocklist that failed to cover

04-29

Mantle Dropped -5.59% in Last Month and is Predicted to Drop to $0.488369 By May 02, 2026

Mantle is down -3.65% today against the US DollarMantle is currently trading 30.00% above our prediction on May 02, 2026Mantle dropped -5.59% in the last month and is down -12.41% since 1 year agoMantle price$ 0.634893Mantle prediction$ 0.488369SentimentFear & Greed indexKey support levels$ 0.651802, $ 0.647537, $ 0.643834Key resistance levels$ 0.659771, $ 0.663474, $ 0.667740  MNT price is expected to drop by -23.20% in the next 5 days according to our Mantle price prediction  Mantle price today is trading at $ 0.634893 after losing -3.65% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.20% in the same time period. MNT performed poorly against BTC today and recorded a -1.10% loss against the worlds largest cryptocurrency.  According to our Mantle price prediction, MNT is expected to reach a price of $ 0.488369 by May 02, 2026. This would represent a -23.20% price decrease for MNT in the next 5 days.  MNT Price Prediction Chart  Buy/Sell Mantle  What has been going on with Mantle in the last 30 days  Mantle has been displaying a negative trend recently, as the coin lost -5.59% in the last 30-days. The medium-term trend for Mantle has been bearish, with MNT dropping by

04-29

Bullish Invests 250 BTC in BTCFi Company Mezo

The investment, worth over $19M at current prices, coincides with Mezos launch of Bitcoin yield vaults for institutional clients.  Bullish, the publicly listed digital asset exchange and parent company of CoinDesk, has invested 250 BTC — roughly $19 million — into Mezo, a Bitcoin DeFi-focused protocol, per a press release shared with The Defiant. The investment coincides with the launch of Mezo Prime, a new institutional yield product built in partnership with Anchorage Digital Bank.  Bullish will become the first company to use Mezo Prime with Anchorage, deploying a portion of its corporate Bitcoin treasury into the product. Anchorage is the custody provider for the vaults, per the release, and Mezo Prime is now available to Anchorage Digital Bank clients.  Mezo Prime centers on “Enclaves” — segregated Bitcoin vaults designed for institutional depositors. Bitcoin deposited into an Enclave can be locked as veBTC to earn protocol fees or used as collateral to borrow MUSD, Mezos Bitcoin-backed stablecoin, the release notes.  “Over a million Bitcoin sits on corporate balance sheets today, and almost none of it is working,” said Matt Luongo, co-founder of Mezo.  The launch comes as the broader BTCFi space continues to expand. Institutions in particular have faced a gap between wanting to earn

04-29

Commodity or Security? Ripple CTO Emeritus Explains Key Distinction

Tech  Commodity or Security? Ripple CTO Emeritus Explains Key Distinction  Ripple CTO Emeritus, David Schwartz, recently joined a discussion on X pertaining to what qualifies as a commodity.  The discussion began on X when a user asked how insider trading charges could apply in a case involving Polymarket. “Polymarket doesn‘t sell securities,” the X user added. The point was that if the platform doesn’t deal in securities, how could insider trading laws even come into play?  Another X user pushed back, noting that there are insider trading rules for commodities. Still unconvinced, the initial X user responded by asking whether the asset in question (trading on Polymarket) could even qualify as a commodity.  ASTEROID Whales Pivot to New Memecoins But Lose All Their Money  Ripple CEO on XRP: ‘Lock In’  You Might Also Like  “I dont get how this would be a commodity either. Commodity is defined as goods and articles and all services, rights, and interests in which contracts for future delivery are presently or in the future dealt in,” the X user said, citing 7 USC 1a(9).  This qualifies as a right or interest to a future delivery because it is a conditional entitlement to a particular quantity of a particular good in the future traded on

04-29

LayerZero Donated 23M$ to AAVE

Tech  LayerZero Donated 23M$ to AAVE  LayerZero has finally decided to join the DeFi United initiative, established to heal the wounds of the $292 million Kelp DAO hack. In the announcement made on Tuesday, the crypto infrastructure provider is donating 5,000 ETH and investing an additional 5,000 ETH to strengthen AAVE detailed analysis liquidity. With this step, LayerZero is providing a total of $23 million in support based on the ETH price of approximately $2,300 at the time of publication. The protocol will also take further measures to increase the liquidity of Aaves native stablecoin GHO, as stated in its X post. Thus, it has concretized the industry-wide recovery plan it announced five days ago.  Kelp DAO Hack and AAVEs Recovery Process  The hack occurred on April 18 with a complex RPC poisoning attack on LayerZero Labs Decentralized Verifier Network; attackers forged cross-chain messages to release 107,000 unsupported rsETH from the Kelp bridge on Ethereum. These rsETHs were transferred to borrowing positions on Aave, creating serious bad debt in the protocol. The DeFi United initiative, led by Aave, gathered more than $300 million in ETH and stablecoins from various actors; a detailed technical recovery plan was also made public. Accusations against LayerZero are mounting

04-29

USD/INR: 95.23 retest risk grows amid INR pressure – Societe Generale

Finance  USD/INR: 95.23 retest risk grows amid INR pressure – Societe Generale  Societe Generale analysts discuss persistent headwinds for the Indian Rupee (INR) against US Dollar (USD) as India faces large Oil and Gold import bills. Economist Kunal Kundu warns of rising risks that the Reserve Bank of India (RBI) may tighten policy pre-emptively due to energy prices, ureas gas linkage and adverse weather. They sees limited justification to oppose current INR weakness and anticipates potential RBI bond operations.  Rupee pressured by imports and RBI risks  “In Asia, the headwinds confronting the INR show no sign of lessening. The currency returned yesterday below 94.50 after opening gap down as the country grapples with hefty oil and gold import bills.”  “Our economist Kunal Kundu highlights growing risks of pre-emptive monetary tightening by the RBI, driven by a triple hit of (a) elevated energy prices, (b) ureas tight linkage to natural gas, and (c) adverse weather from heat waves or a delayed monsoon.”  “Against this backdrop, we see little merit in trying to fade the trend and a retest of the recent high near 95.23 could be inevitable.”  “Additionally, the RBI may become more active by selling front-end and buying 10y maturity IGBs to keep the 10y yield below

04-29

Bitcoin (BTC) price holds key support as market eyes next move toward $80,000

Bitcoin is trading around $77,700, up 1.8% since midnight UTC, after rebounding from $75,650, a price that had served as an upper barrier during last weeks rally.  The rebound suggests a bullish shift, with $75,650 now acting as support — a level that could prove crucial if bitcoin is to make another attempt at breaking through $80,000.  Ether (ETH) is at $2,344, and its chart is showing more bearish signals than bitcoins, having made a series of lower highs since April 17.  The broader market is higher, as U.S. investors anticipate a slew of tech company earnings. Alphabet (GOOG), Microsoft (MSFT), Amazon (AMZN) and Meta (META) are all due to report after the closing bell on Wednesday.  Nasdaq 100 futures are up by 0.25% in pre-market trading.  Derivatives positioningBitcoin futures open interest (OI) fell to 715.60K BTC, the lowest since April 9 and notably below the monthly high of 800K BTC. The decline shows steady de-risking as the spot price rally slows near $80,000, and some analysts point to potential for a continued bear market.OI has largely held steady across ETH, SOL, and XRP over the past 24 hours.Traders, meanwhile, continue to deploy capital in DOGE futures, lifting the OI by 18% in a single

04-29

Kevin Warsh Fed chair nomination heads to Senate Banking Committee vote

Tech  Kevin Warsh Fed chair nomination heads to Senate Banking Committee vote  Kevin Warshs nomination as Federal Reserve Chair heads to a Senate Banking Committee vote. Jerome Powell out as Fed Chair by May 14, 2026, sits at 4.8% YES, up from 2% a day ago.  Market reaction  The May 31 market jumped to 97.0% YES, showing strong trader belief that Powell‘s exit is near-certain by that date. The May 15 market spiked to 73.0% YES, meaning traders expect action in the next two weeks, likely tied to the committee’s decision.  The Kevin Warsh confirmation market sits at 92.0% YES after a 43-point surge in recent days. A successful committee vote would lock in those expectations. The low cost of moving the May 14 odds suggests a thin market, susceptible to swings from single large trades.  Why it matters  Volume on the Powell-out market is at $25,950 in USDC traded over the last 24 hours. The May 14 market requires just $3,604 to move 5 points, so any real news could cause sharp volatility. The largest move on that contract was a 48-point spike, a sign of trader uncertainty about the exact timing.  The closure of the DOJ probe into Powell removed a major obstacle for Warsh‘s confirmation,

04-29

BYD Stock Rallies 4% as First-Quarter Results Top Grim Market Forecasts

Tech  BYD Stock Rallies 4% as First-Quarter Results Top Grim Market ForecastsFirst-quarter net income plummeted 55.4% year-over-year to 4.09 billion yuan, marking BYDs sharpest decline since 2020Total revenue decreased 11.8% to 150.23 billion yuan — marking the third consecutive quarter of declining salesFinancial performance matched or exceeded analyst projections, boosting Hong Kong shares by 3.9%Chinese domestic market sales contracted for the seventh consecutive month in March following subsidy cutsInternational shipments represented approximately 45% of Q1 vehicle deliveries, with the company pursuing 1.5 million overseas units in 2026  BYD delivered its steepest quarterly earnings decline in six years, yet investors responded positively as the figures exceeded diminished expectations.  BYDs Q1 net profit dropped 55% YoY to RMB 4.1B ($597M) as domestic demand cooled.  Offsetting the dip, overseas sales jumped 50% to 320K units, anchoring both margins and growth. $BYDDY #ChinaEV https://t.co/2pQSEz73cS  — ChinaEV Home (@CNEVhome) April 29, 2026  The Shenzhen-based electric vehicle manufacturer recorded first-quarter net income of 4.09 billion yuan ($600 million), representing a 55.4% year-over-year decrease. Total revenue reached 150.23 billion yuan, marking an 11.8% contraction and the third straight quarter of declining top-line performance.  While the headline figures appeared bleak, the actual results aligned closely with what analysts had anticipated. Revenue performance actually surpassed consensus

04-29

Why Pi Network Price Is Up Today? Key Details Behind the Move

Tech  Why Pi Network Price Is Up Today? Key Details Behind the Move  The post Why Pi Network Price Is Up Today? Key Details Behind the Move appeared first on Coinpedia Fintech News  The recent uptick in Pi Network price is gaining attention as the token rises over 6% today, extending its weekly gains to nearly 16%. After a prolonged consolidation near lower support levels, Pi Network is now seeing renewed participation, with the rally backed by catalysts such as the Protocol 22 upgrade and growing visibility ahead of major events.  At the same time, improving user metrics and tighter supply conditions are reinforcing the move, suggesting this is not a random spike but a narrative-driven shift. Here are the key developments explaining the current rally.  Protocol 22 Upgrade Shifts Focus Toward Utility  A key driver behind the current upside is the Protocol 22 upgrade, which is expected to improve network performance and move Pi Network closer to functional smart contract capability. This marks a transition in narrative, from a mining-focused ecosystem toward a utility-driven platform.  The Pi Mainnet is upgrading to Protocol 22 – Deadline: Apr 27.  All Mainnet nodes are required to complete this step before the deadline to remain connected to the network.  Details here: https://t.co/9VehO7hhj1  —

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