Crypto News

Crypto wrapped up the day with a little bit of everything: political drama, quantum panic (and quantum optimism), institutional power plays, and yet another DeFi hack to remind everyone why “not your keys” is still a thing. Let’s start with the day’s spiciest feud. Cardano founder Charles Hoskinson took direct aim at Ripple and its CEO Brad Garlinghouse, accusing them of trying to twist the CLARITY Act into something that favors XRP (XRP) at the expense of the rest of the industry. In Hoskinson’s telling, Ripple is lobbying to entrench incumbents, tilt U.S. crypto rules toward XRP, and water down protections around DeFi. His bigger warning: in a post‑FTX regulatory world, if one player helps shape the rules to suit itself, it could choke off newer competitors before they even get started. It’s a reminder that crypto regulation isn’t just regulators vs. crypto; it’s also protocol vs. protocol. While that drama played out, Bitcoin (BTC) spent another day stuck in a familiar range...

Tonight’s crypto tape had a bit of everything: hacks, regulators linking arms, Wall Street doubling down, and a meme coin launchpad learning the hard way why domain security matters. Let’s dive in. One of the more jarring stories came from the Solana meme coin corner. Bonk.fun, a launchpad tied to Bonk (BONK), saw its domain hijacked and its team account compromised. Attackers slipped in a fake “terms of service” prompt that actually hid a wallet-draining contract. Browsers started throwing up phishing warnings, but not before some users signed and lost funds. It’s a rough hit for a platform already fighting for relevance in a crowded meme ecosystem, and a reminder that slick UX doesn’t matter if DNS and account security aren’t locked down. In more grown-up DeFi news, Across Protocol (ACX) is floating a bold shift: moving from a DAO to a U.S. C‑corp. The plan on the table would let ACX holders swap their tokens for equity in a new company or take a USDC buyout with a 25% pr...