Quick Summary: A Coinbase Commerce page prompting users to enter seed phrases has raised phishing concerns among blockchain security researchers. Coinbase is facing scrutiny after a page linked to its Commerce product appeared to ask users to input plaintext wallet recovery phrases. Yu Xian, founder of blockchain security platform SlowMist, flagged the issue on X, calling the practice insecure and puzzling given the risks involved.Recovery phrases grant full control over self-custody wallets and should never be shared with third parties or entered on untrusted sites. Blockchain investigator ZachXBT noted the page was referenced in a Coinbase Help guide, which has…
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Quick Summary: Opera has proposed replacing its cash-based Celo payments with 160 million CELO tokens, pending approval from the network’s onchain governance community. Opera, a Nasdaq-listed browser company, has proposed restructuring its commercial agreement with the Celo ecosystem, replacing US dollar quarterly payments with an allocation of 160 million CELO tokens. The change requires approval from Celo’s onchain governance community and would make Opera one of the network’s largest institutional token holders.Celo is an Ethereum-aligned protocol targeting mobile-first stablecoin payments in emerging markets. It transitioned from a standalone layer-1 blockchain to an Ethereum layer-2 network last year. Opera has partnered…
Quick Summary: Major League Baseball has partnered with prediction platform Polymarket and signed an integrity agreement with the CFTC to oversee the growing prediction market space. Major League Baseball has announced two separate agreements aimed at managing its presence in prediction markets. The league signed a memorandum of understanding with Commodity Futures Trading Commission Chair Michael Selig and named Polymarket as its Official Prediction Market Exchange. Commissioner Robert Manfred described the deals as necessary steps in managing the rapidly growing sector.The announcements come as federal and state lawmakers scrutinize prediction market platforms. Congress has proposed legislation targeting Polymarket over bets…
Quick Summary: Hashi, a new Bitcoin finance protocol built on Sui, lets BTC holders earn yield through onchain lending, with BitGo, Bullish and FalconX among early participants. Hashi, a new Bitcoin-based lending protocol developed primarily by Mysten Labs, is set to launch on the Sui blockchain later this year. BitGo, Bullish, and FalconX have committed to early participation, alongside custodians Ledger and Cubist.The protocol allows Bitcoin holders to borrow stablecoins against their BTC holdings while earning yield through onchain lending. It uses multi-party computation custody and smart contracts to manage collateral, with audits and formal verification planned before launch.A Sui…
Quick Summary: Singapore ride-sharing firm Ryde will allocate a portion of its corporate reserves to Bitcoin, Ether, and Solana amid a challenging crypto treasury environment. Ryde Group, a Singapore-based ride-sharing and carpool platform, has announced a crypto treasury strategy, allocating a portion of its corporate reserves to Bitcoin, Ether, and Solana. The company cited the evolving macroeconomic environment as its rationale, saying digital asset exposure offers greater flexibility in treasury management.Specific allocations and purchase timing will be determined by an internal governance team. Crypto holdings will be stored with a third-party custodian, while a dedicated investment committee and a separate…
Quick Summary: Animoca Brands has invested in Ava Labs and partnered to support Avalanche-based projects focused on real-world assets and digital identity in Asia and the Middle East. Animoca Brands has made a strategic investment in Ava Labs and formed a partnership to accelerate projects building on the Avalanche blockchain. The collaboration targets sectors including real-world assets, digital identity and entertainment, with Animoca offering advisory support and access to regional networks across Asia and the Middle East.The initiative aims to connect developers with capital and distribution channels, particularly for tokenized assets and identity systems targeting institutional and government-backed deployments. Projects…
Quick Summary: BTQ Technologies has deployed the first working implementation of BIP 360 on a Bitcoin quantum-resistant testnet, but adoption remains a social challenge. BTQ Technologies, a quantum computing and cryptography firm, has released the first functional implementation of Bitcoin Improvement Proposal 360 (BIP 360) on its Bitcoin Quantum testnet. The system lets developers, miners, and researchers test quantum-resistant transactions in a live environment with over 50 miners and more than 100,000 blocks mined.BIP 360 uses a method called Pay-to-Merkle-Root (P2MR), which limits public-key exposure during transactions, reducing the information available to a potential quantum attacker. However, BTQ president Christopher…
Quick Summary: A Los Angeles man faces federal wire fraud and money laundering charges after allegedly using $2 million in COVID relief loans to buy cryptocurrency. Bruce Choi, a 34-year-old Koreatown resident and rideshare driver, was arrested Tuesday at San Francisco International Airport on federal charges of wire fraud and money laundering. Prosecutors allege he fraudulently obtained more than $2 million in pandemic business relief loans and converted the funds into cryptocurrency.According to the indictment, Choi posed as the CEO of a company called Premier Republic, which prosecutors describe as a fictional entity with no operations or employees. He allegedly…
Quick Summary: OP_NET launches a protocol embedding smart contract interactions directly into Bitcoin transactions, bypassing bridges and wrapped assets. OP_NET is launching a protocol designed to bring decentralized finance natively to Bitcoin, enabling trading and token issuance through standard Bitcoin transactions. Co-founder Chad Master says existing solutions are largely extractive, routing liquidity away from Bitcoin through sidechains or synthetic assets like Wrapped BTC.The protocol embeds smart contract data inside ordinary Bitcoin transactions confirmed by miners. A network of nodes scans Bitcoin blocks for contract-related data and executes associated logic through a virtual machine, comparing results across nodes to maintain consensus.Co-founder…
Quick Summary: Bitcoin fell over 4% to $69,537 after the Federal Reserve held rates steady, triggering $511 million in market liquidations. Crypto and equity markets declined sharply after the U.S. Federal Reserve opted to hold interest rates steady at 3.50% to 3.75%. Bitcoin dropped more than 4% to an intraday low of $69,537, according to CoinGecko, while the Nikkei, gold, and the S&P 500 fell roughly 3.2%, 3%, and 1%, respectively.Two Bitcoin whales sold 650 and 5,000 BTC on Wednesday, totaling over $117 million, according to on-chain platform Arkham. Bitcoin’s slide from $75,000 to below $70,000 triggered more than $511…
