Author: Kryptonews

Bybit is shutting down more of its Web3 services after axing its non-fungible token (NFT) marketplace earlier in April.According to an April 16 announcement, the exchange is shutting down its Cloud Wallet (a hosted custodial wallet​), Keyless Wallet (non‑custodial multiparty computation wallet with no seed phrase​), NFT marketplace, multi‑chain decentralized exchange (DEX)​ DEX Pro and the Swap & Bridge cross‑chain swap widget​ on May 31.Source: Bybit Web3On April 28, Bybit will also discontinue Web3 Points, its internal loyalty program that rewarded onchain activity with redeemable points for fee discounts, airdrop boosts and early-bird perks.​On the same day, the exchange will shut down its inscription marketplace, the decentralized…

Key Takeaways Alchemy acquired HeyMint to enhance its Smart Wallets with improved user onboarding features. HeyMint’s no-code tools have been trusted by over 1 million users, generating $38 million in NFT sales. Share this article Alchemy has acquired HeyMint, a user-first NFT launchpad, to accelerate and strengthen Alchemy’s mission to simplify and scale user onboarding in web3 through its Smart Wallets solution, the company announced Friday.Unveiled earlier this year, Alchemy Smart Wallets are enterprise-grade, programmable smart contract wallets that enable frictionless onboarding, gasless transactions, enhanced security, and flexible authorization methods for web3 users and developers. Alchemy noted that HeyMint’s shared…

The genesis of Bitcoin, often shrouded in the mystery of its pseudonymous creator Satoshi Nakamoto, marks a pivotal moment in financial history. Born from the ashes of the 2008 financial crisis, Bitcoin emerged as a radical proposal: a decentralized, peer-to-peer electronic cash system independent of government or traditional financial institutions. Its promise was simple yet profound: to empower individuals with control over their own finances. Nakamoto’s whitepaper, released in late 2008, laid the technical groundwork, outlining the use of blockchain technology, cryptography, and a consensus mechanism known as Proof-of-Work to secure and validate transactions. The launch of the Bitcoin network…

What is Blockchain App Development? Blockchain app development refers to the process of creating applications that leverage blockchain technology for secure, decentralized, and transparent data management. Unlike traditional centralized systems, blockchain-based applications—called Decentralized Applications (DApps)—run on a peer-to-peer network, reducing reliance on intermediaries while ensuring immutability and consensus-driven operations. These applications often utilize smart contracts to automate and enforce agreements without the need for intermediaries, making them trustworthy and tamper-resistant. What are Smart Contracts? Smart contracts are self-executing agreements written in code and deployed on a blockchain. They automate tasks based on predefined conditions, ensuring that transactions or actions occur…

Today’s episode is sponsored by CME Group.To get the show every day, follow the podcast here.Today’s Stories:Bitcoin ETF Ad War Officially Underway With Bitwise CampaignSmall ESG-Focused Crypto Asset Manager Is Another Late Entrant to Bitcoin ETF RaceFrom our sponsors:CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. These cash-settled contracts give full exposure to crypto performance without the hassle of holding the physical position. No digital wallet? No problem. Trade nearly 24/7 in a transparent, CFTC-regulated market. Visit cmegroup.com/crypto to learn more.Disclaimer:This communication is not directed to investors located in any particular jurisdiction and is…

A US federal judge has vacated key fraud and manipulation convictions against Avraham Eisenberg, the trader at the center of the case involving a $110 million exploit of the decentralized exchange Mango Markets.On Friday, US District Judge Arun Subramanian ruled that the evidence presented at trial failed to support the jury’s conclusion that Eisenberg made materially false representations to Mango Markets.The decision vacates Eisenberg’s convictions for commodities fraud and market manipulation and acquits him of a third charge, significantly weakening the government’s case.Eisenberg, a self-proclaimed “applied game theorist,” was convicted in 2024 for artificially inflating the price of Mango’s MNGO…

Cryptocurrency has evolved from a niche experiment to a significant force in the global financial landscape. As adoption increases and technological advancements continue, understanding the future trajectory of this digital asset class becomes crucial. Bitcoin, the original and most well-known cryptocurrency, will undoubtedly play a role, but the nature and extent of that influence are subjects of ongoing debate. Bitcoin’s Current Position: The Digital Gold Standard? Bitcoin currently enjoys a privileged position within the cryptocurrency ecosystem. Its first-mover advantage resulted in unparalleled brand recognition and established it as a perceived "safe haven" asset within the volatile crypto market. Many view…

The Unseen Battle for IoT Security The Internet of Things (IoT) has revolutionized modern technology by connecting billions of devices worldwide, from smartphones and home appliances to industrial sensors and self-driving cars. Yet, this hyper-connectivity has created unprecedented vulnerabilities—IoT devices are notoriously easy to hack due to centralized architectures, weak encryption, and poor authentication processes. Security breaches in IoT can have catastrophic consequences: compromised smart home systems, hijacked industrial robots, even failed critical infrastructure. Traditional cybersecurity measures like firewalls and intrusion detection systems often fall short, as they cannot scale to the ever-growing number of IoT devices. This is where…

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3239.11, down 3.2% (-107.44) since 4 p.m. ET on Thursday. None of the 20 assets are trading higher.Leaders: SOL (-1.1%) and BCH (-1.8%). Laggards: SUI (-6.8%) and NEAR (-5.8%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

Key Takeaways:Cetus Protocol, Sui’s largest DEX and LP, confirmed a major exploit that drained its liquidity pools.Hackers manipulated spoof tokens to exploit reserve calculations and price curves.CETUS token value plunged 40%, while related memecoins like BULLA and MOJO fell over 90%.Cetus Protocol, the backbone of liquidity on the Sui blockchain, has suffered a devastating exploit. The incident, which drained its liquidity pools and halted operations, has triggered a chain reaction across the ecosystem, with users scrambling to withdraw assets and exchanges locking deposits.Read More: FBI Issues Warning: Urgent Call to Block Transactions Linked to Bybit HackCetus Protocol Confirms Exploit and…