Security lapse linked to 0x swapper contract highlights risks from sophisticated automated trading bots Crypto exchange giant Coinbase has confirmed a loss of approximately $300,000 after a misconfigured interaction with the 0x protocol’s swapper contract allowed MEV bots to drain funds from one of its corporate wallets. The breach, though financially minor for the exchange, underscores how small configuration errors can be exploited instantly in decentralized finance (DeFi). The vulnerability emerged when Coinbase mistakenly approved token spending rights to the 0x swapper contract — a permissionless tool intended for trade execution, not for holding token allowances. Once the approval was…
Author: Blockto Team
Move comes as Bitcoin hits new record high above $124,000, boosting corporate interest in digital assets Thumzup Media Corporation, a social marketing firm with Donald Trump Jr. as a major shareholder, has announced plans to deploy $50 million into cryptocurrency purchases and large-scale Bitcoin mining operations. The funding, secured through a $10-per-share offering, will also target strategic blockchain investments. The company revealed it is working with mining technology providers to accelerate the development of “state-of-the-art cryptocurrency mining infrastructure.” This expansion builds on Thumzup’s initial crypto purchase in January, when it acquired 19.1 Bitcoin, now valued at over $2.35 million, following…
FIL Pushes Toward Key Resistance Amid Broad Crypto Upswing Filecoin (FIL) advanced by 4% in the last 24 hours, supported by a robust performance across the cryptocurrency market. The price now stands near $2.75, just below a critical resistance zone, with technical indicators suggesting potential for further gains if momentum holds. The 4-hour chart shows FIL successfully breaking free from a multi-week descending channel that had capped price action since mid-May. This breakout occurred in early July, followed by a steady climb toward the $2.20–$2.30 support zone, where buyers repeatedly defended the level. Since then, the market has recorded higher…
Experts question reliability of government statistics as new nominee suggests major reporting changes The recent removal of Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer by President Donald Trump has ignited a heated debate over whether the economic indicators that guide markets, policymakers, and businesses can truly be trusted. The decision, followed by the nomination of economist EJ Antoni, comes at a time when revisions in key data have raised concerns about the integrity of official reports. Growing doubts over economic accuracy The BLS plays a central role in shaping perceptions of the U.S. economy, producing critical metrics such as…
NEAR Protocol (NEAR) surged 8% in the past 24 hours, breaking through multiple resistance zones and hitting the $3.03 mark. The move comes amid growing institutional inflows and accelerating network adoption, fueling optimism for further gains despite short-term volatility. NEAR’s latest rally began after a sharp rebound from the $2.35–$2.40 support zone, a level that has repeatedly acted as a strong base since early July. The price quickly advanced, reclaiming the $2.80 resistance before pushing through the psychological $3.00 barrier. The 4-hour chart highlights a prior rising wedge pattern, which initially resulted in a pullback late last month. However, strong…
Potential campaign could center on ending “lawfare” in crypto regulation Khurram Dara, a former policy counsel at Coinbase, is considering a 2026 campaign for New York State Attorney General, positioning himself as a challenger to current AG Letitia James. While not yet formally announcing, Dara has hinted that digital asset policy would be a central theme if he enters the race. Speaking to Cointelegraph, Dara said his potential platform would focus on “ending lawfare across the board, which certainly includes crypto”. He criticized what he described as state-level overreach in regulating digital assets, arguing that some AGs are “acting as…
Bitcoin (BTC) has surged to a new all-time high of $123,350, supported by easing inflation data and expectations of continued short liquidations. Market analysts now see $125,000 as the key breakout level that could propel prices into uncharted territory. The rally gained momentum after the U.S. Consumer Price Index (CPI) for July showed inflation was unchanged month-on-month and up 2.7% year-on-year. This reading reinforced market expectations that the Federal Reserve could adopt a more accommodative stance in the coming months, a scenario historically favorable for risk assets like Bitcoin. On the daily chart, BTC broke through the $116,000 resistance zone…
Rising institutional interest pushes Binance Coin toward critical resistance at $855 Binance Coin (BNB) is closing in on its all-time high after a sharp 4% intraday rally, driven by what traders describe as aggressive corporate buying and robust trading volume. The token reached a session peak near $855, just shy of its record levels, before encountering notable selling pressure. Over the past week, BNB has outperformed most major altcoins, climbing from a key support zone around $740 to current levels above $840. Technical charts show the breakout from a prolonged descending channel in June, followed by a decisive rally through…
State-managed portfolio increases stake in BTC-linked firms amid growing institutional adoption Norway’s sovereign wealth fund, the world’s largest state-managed investment vehicle, has significantly increased its indirect Bitcoin exposure in 2025, marking a 192% year-on-year rise, according to data from K33 Research. The fund now holds exposure to 7,161 BTC through investments in crypto-linked companies, including treasury firms Strategy and Metaplanet, as well as cryptocurrency exchange Coinbase. This exposure comes despite the fund’s mandate prohibiting direct cryptocurrency holdings, forcing managers to use corporate proxies and publicly traded companies as alternative vehicles. Over the past year, the fund increased its stake in…
Strong rally pushes BONK toward resistance, but selling pressure emerges BONK recorded its strongest daily rally in weeks, climbing nearly 10% to reach $0.000027 before profit-taking erased part of the gains. The move came after the meme token rebounded sharply from a key demand zone and broke through short-term resistance. The rally began as BONK bounced from the $0.0000240–$0.0000245 support area (green zone on the chart), a level that had repeatedly attracted buying interest over the past two weeks. Price action accelerated upward on increasing volume, briefly testing the $0.0000280–$0.0000290 supply zone (red area) before sellers stepped in. This upside…
