The incident highlights the vulnerabilities in crypto markets, where illicit activities can manipulate prices and undermine market integrity.
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According to Coinbase researcher David Duong, decentralized platforms and shifting trader behavior have pushed perpetual futures into a more central market role.
Recovery of assets from a $3.9 million exploit of the Flow blockchain isn't guaranteed, but many users responded positively to a change in the remediation plan.
A key lawmaker overseeing financial institutions reportedly sought to secure a job for one of his sons at a crypto exchange while raising concerns about a competitor.
The purchase lifts the company’s total Bitcoin holdings to 672,497 BTC and ranks among its smaller acquisitions this year compared with earlier multibillion-dollar buys.