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Zksync Admin Hack Drains $5M—Native ZK Token Plummets 13% in Minutes

Coins Legend April 15, 2025 0

On Tuesday, shortly before 10 a.m., Zksync revealed a breached administrative account had commandeered $5 million in ZK tokens. The cryptocurrency nosedived 13% against the U.S. dollar to $0.04151 in the wake of the announcement, erasing gains with algorithmic swiftness. From Airdrop to Heist:

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Bitcoin ETFs End Outflow Run With Modest Rebound of $1.4 Million

Coins Legend April 15, 2025 0

Bitcoin ETFs finally reversed course on Monday with a modest $1.4 million inflow, breaking a week-long outflow streak. Ether ETFs, however, extended their losing trend with a $5.98 million exit led by withdrawals from Fidelity’s FETH. Bitcoin ETFs Edge Back Into Positive Territory While Ether ETFs Log Another $6 Million Exit After 7 consecutive days […]

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Kiloex DEX Hacked for $7 Million

Coins Legend April 15, 2025 0

Decentralized exchange Kiloex suffered a $7 million exploit. Security firm Cyvers identified a potential price oracle vulnerability as the cause. Kiloex Calls for Blacklisting of Attacker’s Address Kiloex, a decentralized exchange (DEX) on the BNB Smart Chain, confirmed it was the victim of a $7 million digital fund exploit. Blockchain security firm Cyvers said the […]

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Bitget Unveils New Ad Featuring FC Barcelona Star Raphinha to Champion Smarter Crypto Solutions

Coins Legend April 15, 2025 0

This content is provided by a sponsor. PRESS RELEASE. Victoria, Seychelles, April 16, 2025 –Bitget, the leading cryptocurrency exchange, and Web3 company, is kicking off a dynamic new campaign with LALIGA, featuring Barcelona’s electrifying winger Raphinha. The new collaboration highlights Bitget’s innovative trading products—Copy Trading, Launchpool, and

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An Unlikely Contender Emerges as a Leader in the Crypto-Lending Arena

Coins Legend April 15, 2025 0

Tether, known for its stablecoin products, has emerged as the leader in the crypto-lending arena, followed by Galaxy and Ledn. The sector has undergone a consolidation period following the collapse of former crypto-lending powerhouses Blockfi, Celsius, and Genesis. Tether Becomes Leader of the Crypto-Lending Business The crypto-lending business, which involves providing

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JPMorgan Expands Kinexys Network to Include British Pound Accounts, Targeting Stablecoin Market Gaps

Coins Legend April 15, 2025 0

JPMorgan added British pound-denominated accounts to its blockchain-based payments network, Kinexys, aiming to fill a gap left by the stablecoin market’s predominant focus on the U.S. dollar. Kinexys enables corporate clients to transfer funds between JPMorgan accounts and currently processes over $2 billion in daily transactions. The GBP expansion follows the network’s

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Avalon Labs Launches Institutional Layer on Bybit to Enhance Bitcoin Lending and Yield

Coins Legend April 15, 2025 0

Avalon Labs has launched its institutional layer on Bybit, aimed at transforming bitcoin lending and yield opportunities within the centralized exchange ecosystem. This new feature allows bitcoin holders to access enhanced yield by leveraging Avalon’s fixed-rate institutional borrowing layer alongside the FBTC asset, which is a bitcoin−pegged token with over $1.25 billion

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HTX 2025 Q1 Performance Highlights: Net Deposits Surge 210% QoQ, Multiple Key Metrics Reach All-Time Highs

Coins Legend April 15, 2025 0

This content is provided by a sponsor. PRESS RELEASE. Singapore, April 15, 2025 — HTX, a leading crypto exchange, has released its Q1 2025 performance report, demonstrating significant growth across user activity, asset onboarding, and platform utility despite a turbulent crypto market. With net inflows soaring 210% quarter-over-quarter and multiple operational milestones

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Xapo Bank Reports Record Bitcoin Trading Volume in Q1 2025

Coins Legend April 15, 2025 0

Gibraltar-based Xapo Bank, a digital asset-friendly regulated bank, has announced that Bitcoin trading volume reached record highs in the first quarter of 2025, marking a 14.2% increase compared to the previous quarter. The surge in trading activity is attributed to strong Euro and USDC deposits, as bitcoin prices experienced a dip below $100,000 during February. […]

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89% of Registered Bitcoin Service Providers Remain Inactive in El Salvador

Coins Legend April 15, 2025 0

According to records from the Central Reserve Bank, only 20 registered bitcoin service providers (BSPs) are actively operating in El Salvador, one of which is Chivo, the official government wallet that will soon be disbanded. Barren Land: Only 20 Bitcoin Service Providers Operate in El Salvador While El Salvador was one of the first countries […]