Crypto

Crypto exchange Bitget disclosed an overnight breach that moved $351.6 million in unauthorized transfers from its wallet infrastructure.

Researchers at cryptography firm Alloc Init have proposed Shielded Bitcoin, a system for private Bitcoin transfers without requiring a soft fork.

The Federal Reserve has proposed new capital, redemption and regulatory requirements for stablecoin issuers under its supervision, advancing the implementation of the GENIUS Act.

Evercrest, the team behind the decentralized liquid-staking protocol KelpDAO, has sued LayerZero and co-founder Bryan Pellegrino in British Columbia over an April 22 cross-chain exploit that moved $292 million in assets.

The Federal Reserve proposed two rules on Thursday defining how payment stablecoin issuers supervised by the central bank must hold reserves, manage risk and qualify to enter the market.