News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Meteora co-founder Ben Chow has stepped down from his leadership position at the Solana DeFi platform.Chow said in a previous statement that Meteora and he had never participated in insider trading related to memecoin launches.
Argentina President Javier Milei said he didn’t intend to persuade people to buy the LIBRA memecoin, and he only meant to “spread the word.”Milei also said during a television interview that few Argentines lost money and most investors were “Chinese and American.”Milei faces fraud charges over his involvement in the Solana-based memecoin, which collapsed 95% from its peak.
Pi Network's excitement is reaching new heights as the project prepares for its mainnet launch. With record-breaking search interest and support from major exchanges, the platform is gaining significant attention.
We asked China's DeepSeek what the best-positioned cryptos are this year.
- 03:11Loan Protocol Loopscale Hit by Attack, Approximately 5.7 Million USDC and 1,200 SOL StolenOn April 27, it was reported that the Solana-based lending protocol Loopscale disclosed on platform X that at 11:30 AM EST (UTC+8, April 26, 11:30 PM), the RateX PT token pricing function of Loopscale was manipulated, leading to the theft of approximately 5.7 million USDC and 1,200 SOL from Loopscale's USDC and SOL vaults. Currently, all markets of Loopscale have been temporarily halted for the team to conduct further investigation. The funds involved in this security breach constitute about 12% of Loopscale's total funds and only affect depositors who have funds in Loopscale's USDC and SOL vaults. Borrowers and revolving loan users are unaffected. Efforts are underway to restore the repayment function as soon as possible to avoid unforeseen liquidation scenarios. The team is working closely with law enforcement officials, security experts, and investors to recover the funds. An update will be released immediately upon receiving more information and a complete technical analysis report.
- 03:11Market News: IMF States El Salvador Has Stopped Using Public Funds to Invest in BitcoinApril 27 News, according to a post and screenshot by crypto KOL Crypto Rover, the International Monetary Fund (IMF) states that El Salvador has stopped using public funds to invest in Bitcoin.
- 03:10U.S. Bond Funds See Record Inflows Last Week, Bond Market StabilizingAccording to The Kobeissi Letter, U.S. bond funds experienced record inflows last week, reaching about $19 billion. This surpasses the previous record of approximately $14 billion set during the pandemic in 2020. Meanwhile, the 30-year U.S. Treasury yield is down nearly 30 basis points from its peak in April. The U.S. bond market is stabilizing.