Tag: Republic

XRP has been explicitly classified as a digital commodity by U.S. regulators, Ripple has been approved to advance its trust banking business, and institutional adoption is accelerating, including Goldman Sachs holdings and the launch of multiple ETFs, indicating strong fundamentals.

New York State has sued Coinbase and Gemini, alleging their prediction markets violate gambling laws, demanding the return of profits and payment of fines. The lawsuit has led to a decline in the stock prices of both companies.

Kelp DAO was attacked due to a validator node configuration error, allowing hackers to mint a large amount of rsETH not backed by assets. This resulted in over $600 million in losses for the DeFi industry, triggered massive capital flight, and caused the total value locked to drop to a one-year low.

Coinbase has launched an AI agent app store based on the x402 protocol, enabling AI agents to autonomously chain various services through stablecoin micropayments. The protocol has processed over 165 million transactions, totaling $50 million, aiming to serve as AI infrastructure rather than a speculative product.

The RAVE token rebounded 138% after being accused of market manipulation, but analysis suggests it lacks stable demand support and is experiencing volatility under highly concentrated holdings. Meanwhile, market attention is shifting towards early-stage infrastructure projects, such as the cross-chain liquidity protocol LiquidChain.

BitMine spent approximately $230 million last week to purchase over 100,000 ETH, bringing its total holdings close to 5% of Ethereum's circulating supply. The company believes ETH is at the end of a 'mini crypto winter,' and its continued large-scale purchases are significantly draining market liquidity.

Grayscale has amended its Hyperliquid ETF application, changing the custodian from Coinbase to the federally chartered crypto-native bank Anchorage. This move aims to prioritize the regulatory framework and avoid potential conflicts of interest, thereby improving its regulatory stance with the SEC.

Coinbase warns of quantum computing threat to crypto security, calls for industry to formulate response plan in advance.

The security framework of the crypto industry has continuously evolved through major attack incidents, from the Mt.Gox incident spurring cold wallet standards, to the Bybit supply chain attack revealing interface security risks, and further to events like KelpDAO marking the entry of attacks into a systemic phase. Each large-scale theft has driven new protective measures, but increasing system complexity also continuously gives rise to new attack vectors.

Frequent DeFi security incidents have led to an outflow of tens of billions of dollars, accelerating the market's shift towards safer areas such as compliant stablecoins and tokenized treasuries. Institutions are actively deploying on-chain funds, squeezing DeFi's core position.

Strategy CEO emphasizes company's focus on earnings per share, XRP technical indicators turn bullish targeting $1.9, Kelp DAO stolen assets have been transferred.

Pi Network's price has plummeted over 85% from its all-time high, with market focus on whether its smart contracts can bring practical applications to reverse the downtrend. The price is currently fluctuating narrowly at low levels, lacking catalysts for an upward move.