Crypto news

The decentralized finance (DeFi) sector has just endured yet another multi-million-dollar breach, as if the gods themselves grew tired of applauding our cleverness and decided to remind us we are but echoes in a hall of mirrors. According to alerts from the guardians of caution, SlowMist and PeckShield, hackers managed to drain approximately $5.9 million in Ethereum, Wrapped Bitcoin (WBTC), and stablecoins from the trading protocol Trusted Volumes. And who would blame the cynics for a small, bitter smile? The stage is set, the players are greedy, and the plot writes itself with cruel precision.

On a crisp March morning in 2026, within the Hanoi offices of SSID, they drew a Memorandum of Understanding. The document bore no promise of immediate gold, but it whispered of plans, of exchanges built on schedules and rooms made for careful speech. Bithumb’s seal found its place beside SSID’s, and yet the world did not stagger at once. Only on May the seventh did the partnership emerge into the daylight, as if shyly stepping onto a veranda to see whether the neighbors approve. The signatories were Bithumb’s Lee Jae-won and SSID’s Nguyen Khac Hai, two men who, in a manner almost tragic, believed that markets might be governed by prudence no less than by flame.

The asset manager has completely replaced Aerodrome Finance (AERO) with Ethena (ENA) in its DeFi Fund, allocating 13.59% of the fund to Ethena.

Key Takeaways:

Bitcoin’s price dipped slightly to $80,945 during Asian trading, a decrease of 0.7% over the past day, but it remains up 6.9% for the week. Ether (ETH) fell more noticeably, dropping 2% to $2,326. Meanwhile, Solana experienced the biggest decline, losing 4.4% to $0.1106, despite strong gains last week that had pushed its monthly returns into double-digit territory.

Prosecutors state the illegal operation made tens of millions of dollars in profit. The trades were sent to brokerage accounts in other countries, including Russia, Israel, Panama, and Switzerland.

Key Takeaways (or, as Jeeves would say, the gist of the jolly affair):

Our curious researcher, Axel Adler Jr., who prowls the cryptic verses of Bitcoin like a wandering bard, found that eight billion, no mere whisper, of short positions have been uprooted, breath‑taken by the jaws of the market-most ferociously on the thirteenth of February, when a single day’s commission seized a colossal $737 million. A comedy of errors, indeed!

Mr. Rodriguez did, via the fashionable medium of X, confess that he and his good wife, Lauren, are encumbered with a debt surpassing two million dollars in legal fees, to say nothing of a court-imposed fine of two hundred and fifty thousand dollars, following his plea of guilt to the ignominious charge of operating an unlicensed money-transmitting business.

Fairshake, the golden child of Coinbase, Andreessen Horowitz, and Ripple, has scattered $28 million across the primaries like a farmer sowing seeds in barren soil. Alongside Leading the Future, the pro-AI group that burst onto the scene in August 2025 with pockets heavier than a banker’s conscience ($75 million and counting), these industry darlings have collectively poured over $100 million into the midterm frenzy.