BounceBit Retires Its Chain After Attacker Moves 286.5 Million Tokens
An attacker moved 286.5 million BB tokens from nine mainnet accounts through a protocol-level authorization exploit. BounceBit will shut down its Layer 1 blockchain and reissue the token as a BEP-20 asset on BNB Chain.
Read full story →Senate to vote on Clarity Act Sept. 15, key step for crypto regulation
The Senate will vote on the Clarity Act on September 15, marking a significant step in establishing regulatory frameworks for cryptocurrency. The legislation aims to define which federal agencies should oversee different types of digital assets in the United States.
Ripple Price Analysis: Major Breakout Confirmed – How High Can XRP Go?
XRP broke out of a descending channel after months in a downtrend, showing improved short-term structure. The price is now testing significant resistance after becoming highly extended on the daily chart.
Bitcoin Price Analysis: BTC’s 25% Rally Faces Its First Serious Threat
Bitcoin has rallied 25% after breaking through multiple resistance levels following a period of compressed price action. The cryptocurrency now faces a major supply area, making whether this breakout can sustain itself the critical question.