Alex Protocol Loses $8.3M to DeFi Exploit Bitcoin DeFi protocol Alex Protocol lost over $8.3 million in digital assets to a security vulnerability after a listing verification bug. The exploit occurred on June 6 and targeted Alex Protocol’s liquidity pools on the Stacks blockchain. In an X post , the attacker was seen using a vulnerability in the self-listing verification logic of the platform to siphon cash from multiple pools. Breakdown of Funds Stolen The attacker successfully stole: 8.4 million Stacks (STX) tokens 21.85 Stacks Bitcoin (sBTC) 149,850 USDC 149,850 USDt 2.8 Wrapped Bitcoin (WBTC) This is one of the largest exploits on the Stacks network to date and a significant setback for trust in Bitcoin-native DeFi protocols. Full Reimbursement in USDC Assured The Alex Lab Foundation, which supports the protocol, will reimburse users in full. Payout will be done in USDC with onchain averages between 10:00 and 14:00 UTC on the day of the exploit. Users will receive their individual onchain claim forms by June 8 and must resubmit them by June 10 along with a receiving wallet address. Successful claims will be paid out within seven days. Users who are not getting forms are encouraged to contact the Alex Protocol team via email for assistance. Second Major Exploit in Two Months It is not the first security exploit for Alex Protocol. In May 2024, the platform was targeted in another exploit with its crosschain bridge, resulting in $4.3 million lost. The exploit was suspected to have been carried out by the North Korean Lazarus Group. The team worked with blockchain researcher ZachXBT on tracing funds and wallets involved in the earlier breach. Waiting for Technical Insights Alex Protocol is still to release a technical breakdown of the June exploit but has promised a full post-mortem report. The breach is used to highlight existing weaknesses in building Bitcoin DeFi infrastructure and the necessity for greater security practices on an urgent priority.
Adoption was once a word loosely tossed around in crypto circles, used to spark hope more than signal reality. But that’s no longer the case. Now, both macro indicators and on-the-ground developments suggest that global acceptance is not just underway, it’s accelerating. Institutions are investing, while leading governments are adapting. Infrastructure is evolving. The most recent confirmation comes from a joint report by OKX and Blockworks Research, a result of extensive analysis and insights from industry heavyweights, including Polygon, Standard Chartered, and Google. It shows a significant uptick in crypto integration across finance, supply chains, and consumer industries. Global Indicators Show Crypto Is Embedding Itself Into the System The OKX–Blockworks report gets right into the facts by presenting hard data. Sixty percent of asset managers are reportedly planning to launch crypto investment products by 2026. Meanwhile, two-thirds of financial leaders are developing infrastructure for tokenized products. Institutional adoption, once a cautious experiment, is quickly becoming a strategic priority. Beyond banking, sectors like sports, fashion, and luxury goods are now applying blockchain for logistics, anti-counterfeiting, and audience engagement. *Metaplanet Announces Accelerated 2025-2027 Bitcoin Plan**Targeting 210,000 $BTC by 2027* pic.twitter.com/xJKu3J8Apb — Metaplanet Inc. (@Metaplanet_JP) June 6, 2025 This trend is mirrored in state-level moves as well. Japan-based Metaplanet, already holding over 8,800 BTC, has revised its Bitcoin reserve target to a staggering 100,000 BTC by 2026. The rationale, as per a spokesperson, is that traditional safe havens are failing, and Bitcoin, with its limited supply and decentralized design, offers a more reliable anchor in a shifting global economy. Another country to join the bandwagon is Pakistan. Its newly appointed crypto minister is actively in talks with U.S. and Wall Street leaders, aiming to position the country at the forefront of blockchain innovation. These visits’ agenda included serious discussions with Cantor Fitzgerald and Tether-backed ventures, with commitments toward Bitcoin bonds and a strategic national reserve. Regulatory progress across major economies is aligning as well. From the UK’s maturing framework to the EU’s MiCA rollout and increasing policy integration in the U.S., the legal backbone for a crypto-driven financial world is slowly solidifying. For long-term investors, these aren’t just news events. They’re signs of a foundational shift worth positioning for. Best Crypto to Buy Now - Presale Gems to Leverage Positive Market Sentiments While the market may be taking a hit right now with prices dropping, the macro trend suggests we are still in the bull run, which makes now an excellent time to stock up on projects with huge potential that are still priced at a nominal rate. Presales are excellent options for investors seeking such value, and we list some of the best options to consider in the space right now, considering their concepts, use case, and more. Bitcoin Hyper Bitcoin Hyper introduces itself as an advanced Layer 2 solution looking to solve Bitcoin’s transactional limitations. It introduces a new protocol that allows users to move BTC onto a faster chain where transactions can be validated and settled with lower fees and greater efficiency. The framework integrates multiple scaling methods, including Optimistic Rollups, ZK-Rollups, and Rootstock sidechains, while maintaining Bitcoin as the underlying asset. What makes Bitcoin Hyper distinct is that it does not replace or compete with Bitcoin. Instead, it enhances its utility by making it viable for high-frequency trading, micropayments, and faster peer-to-peer transfers. By using the Solana Virtual Machine for its smart contract infrastructure, Bitcoin Hyper manages to bring scalability into a traditionally slow ecosystem without compromising security. Featured in videos of channels like Today Trader and more, its popularity has only skyrocketed in the past few days. The project is still in its presale phase, which means the infrastructure is in early development, but the roadmap points toward an interoperable environment that prioritizes usability and throughput. Bitcoin Hyper’s long-term growth potential hinges on whether it can become the go-to transaction layer for Bitcoin holders who want speed without sacrificing decentralization. As traditional systems begin to integrate tokenized services and faster settlements, a Bitcoin-native Layer 2 could find a solid use case. For users, this presents an opportunity to engage with Bitcoin in a more functional context while retaining the credibility of the base chain. SUBBD SUBBD is developing an infrastructure that centers around the creator economy, but with an approach that redefines ownership, monetization, and digital identity. It offers a token-based platform where creators can issue unique access rights, gated content, and on-chain audience engagement tools. This setup replaces traditional social media monetization models, which rely heavily on advertising and centralized revenue distribution. The $SUBBD token powers every transaction within the network, enabling creators to build their micro-economies without needing intermediaries. Subscription payments, limited-access merchandise, and voting systems for community decisions can all be implemented using smart contracts. The long-term objective is to create a circular economy that rewards both creators and their most active followers directly. This model is especially relevant in a digital environment where decentralized identity and blockchain-integrated content systems are gaining institutional attention. The OKX and Blockworks report highlighted how tokenized product infrastructure is becoming a focus for financial leaders. Platforms like SUBBD tap into this same technological direction but apply it to consumer engagement and digital media. In a climate where users are becoming more conscious of data ownership and fair compensation, SUBBD provides a framework that is both timely and needed. If successful, it could transform how people support creators, how content is licensed, and how engagement is rewarded, all while bypassing traditional gatekeepers. Its early presale pricing allows entry before utility expansion, making it a project of interest for those tracking real-world blockchain applications. Best Wallet Token Best Wallet Token anchors a multi-feature crypto wallet ecosystem that integrates advanced tools for portfolio tracking, secure storage, in-app swaps, and early access to presale tokens. It supports over 60 blockchain networks and uses a decentralized, non-custodial architecture to ensure user control over funds. In addition to wallet features, it includes a built-in DEX aggregator, market insights panel, and presale dashboard to help users discover and invest in upcoming projects. The wallet’s native token is designed to grant users exclusive access to higher staking yields, token launch allocations, and reward systems within the app. Its token utility is deeply connected to the broader usage of the app rather than external speculation. For instance, the more a user interacts with tools like the presale aggregator or the Best DEX, the more benefits they unlock through token holding. This model mirrors what many institutional frameworks are now shifting toward—fully integrated platforms that tie user activity directly to tokenized incentives. As firms explore tokenization across finance and user services, a wallet that links discovery, investment, and reward within one ecosystem becomes increasingly relevant. Best Wallet’s presale offers exposure to an infrastructure project already functioning at a public level but aiming to scale further. With crypto adoption rising and demand for self-custody solutions growing in response to both regulatory and institutional movement, utility-focused wallets may play a central role in onboarding new users securely and efficiently. Solaxy Solaxy’s Layer 2 blockchain enables efficient cross-chain activity between Ethereum and Solana. One may think of this as a Bitcoin Hyper-like project, but for a different blockchain. Also, rather than existing as a general-purpose L2, it has a defined objective, which is streamlining transactions for users who require the liquidity of Ethereum and the speed of Solana without being locked into one network. This approach allows users to bridge assets, execute smart contracts, and stake tokens across both chains in a single environment. The project’s token, SOLX, plays a central role in securing the network and rewarding validators. Users can stake SOLX to earn a share of protocol fees or participate in governance decisions that influence bridge parameters, transaction incentives, and protocol upgrades. For developers, Solaxy offers compatibility with Ethereum’s EVM and Solana’s Sealevel, allowing applications to run simultaneously across both ecosystems. $SOLX has got what YOU need. 🛸🪐45M Raised! 🔥 pic.twitter.com/hamUNI7Hgz — SOLAXY (@SOLAXYTOKEN) June 6, 2025 This model aligns with ongoing conversations about blockchain interoperability. As adoption grows, the demand for networks that can manage liquidity and activity across different chains without increasing transaction costs is only going to rise. Solaxy aims to solve this by reducing friction in asset movement while preserving decentralization. It has already raised upwards of $45 million in what is one of the most successful presales this quarter and is set to launch soon. The regulatory trend, particularly in the EU and UK, is beginning to accommodate networks that serve as backbones for decentralized applications. With enterprise-grade compliance structures becoming more common, Solaxy’s cross-chain design could find relevance in a regulated market that favors scalable, interoperable, and low-cost infrastructure. For users and developers looking for technical reliability tied to practical use, the platform presents a strong case for growth through function, not speculation. Snorter Snorter is a trading bot project that integrates artificial intelligence with on-chain market signals to provide real-time automated decision-making for crypto traders. The system is designed for both experienced and casual users, offering different levels of control, from fully autonomous trading to customizable strategy overlays. Built on a decentralized framework, the bot operates without third-party custody, ensuring that trades are executed from the user’s wallet while maintaining full transparency. The technology relies on large-scale data parsing from various blockchains, price aggregators, and liquidity pools. This input is filtered through machine learning algorithms that continuously optimize for volatility detection, arbitrage potential, and trend shifts. Users can also access backtesting tools and detailed performance analytics within the dashboard to assess effectiveness over time. Snorter’s token is used for tiered access, governance proposals, and fee reduction. Holding more tokens allows access to premium indicators, faster execution lanes, and higher API request limits. It also enables community participation in refining AI models through a structured feedback mechanism, making the system adaptive over time. As the world moves to AI integration in finance, tools like Snorter could become essential for managing the increasing complexity of decentralized markets. As institutional players and regulators begin to recognize algorithmic trading in the blockchain space, AI-based bots that maintain decentralization and data sovereignty will have strategic importance. Snorter is positioned as a utility-first protocol in a segment where usability, performance, and control directly influence adoption. For traders seeking automation without compromise, it offers a focused solution. Conclusion Mass adoption of cryptocurrency is materializing through measurable actions from governments, financial institutions, and infrastructure providers worldwide. From strategic Bitcoin reserves to institutional-grade compliance platforms and tokenized financial products, the direction is clear. For investors, this phase represents a critical window—one where early engagement in credible, utility-driven initiatives may offer the most substantial long-term advantage. The projects mentioned above could be one of the starting steps to creating a profitable portfolio, as long as one is careful about the risks involved in investing and only invests as much as they can afford to lose. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Bitcoin maintains a steady position above the $100,000 mark amid subdued market speculation and notable silence from influential figures. Despite ongoing market fluctuations, key personalities such as Elon Musk and
The cryptocurrency market is showing signs of a potential bullish reversal as Bitcoin, Ethereum, and XRP maintain key support levels amid steady trading volumes. Bitcoin holds the $105,000 mark while
Spot Ether exchange-traded funds (ETFs) in the U.S. have now posted 15 consecutive days of inflows, bringing them closer to a $1 billion milestone. On June 6, ETFs tied to Ether attracted another $25.3 million in inflows, according to data from Farside. This marked the third straight week of uninterrupted gains. Momentum Builds Since Mid-May The inflow streak began on May 16 and has now totaled $837.5 million. That figure accounts for about 25% of the $3.32 billion in net inflows since Ether ETFs launched in July 2024. If current momentum continues, another $162.5 million in inflows would push the streak past the $1 billion mark. By contrast, Bitcoin ETFs saw their own streak broken on May 29, when they recorded outflows totaling $346.8 million. Bitcoin ETF flows have since been mixed, showing both inflow and outflow days. Ether, meanwhile, has enjoyed strong price performance. Its price rose more than 31% over the last 30 days, currently trading around $2,490, according to CoinMarketCap. Technical Signals Point to $6K Potential Analysts remain optimistic about Ether’s long-term trajectory. Crypto Eagles, a well-followed technical analyst, suggested on June 3 that Ether’s current cycle mirrors past price patterns, possibly setting the stage for a rally toward $6,000. Ether last hit its all-time high of $4,878 in November 2021, per CoinGecko. Some market watchers believe that incorporating staking into spot Ether ETFs could be the next major development. This enhancement could significantly boost their competitiveness and investor appeal. Staking ETFs May Be on the Horizon Recent developments suggest staking options could soon arrive in the U.S. market. ETF provider REX Shares has filed to launch both Ethereum and Solana staking ETFs. James Seyffart, an ETF analyst, noted that REX used regulatory workarounds in an effort to bring these products to market. While no official launch date has been set, expectations are building. As Ether’s price strengthens and institutional interest grows, ETFs appear poised to become a dominant force in the asset’s adoption.
The analyst sees potential for significant growth in Bitcoin against gold. Ethereum may gain around 30% in the upcoming days, analyst suggests. Continue Reading: Cryptocurrency Enthusiast Sees Surging Bitcoin and Ethereum Potential The post Cryptocurrency Enthusiast Sees Surging Bitcoin and Ethereum Potential appeared first on COINTURK NEWS .
XRP is poised for significant growth, with analysts forecasting its price to reach $15 by the end of 2025 and potentially $26.50 by 2030, driven by increasing adoption and strategic
Solana (SOL) is showing resilience amid broader market weakness, as volatility shakes crypto assets across the board. After a sharp retrace alongside Bitcoin and Ethereum, Solana is stabilizing above key demand levels, sparking cautious optimism among investors. Many are eyeing this zone as a potential launchpad for the next leg up, especially as the market seeks to recover and regain bullish momentum. Related Reading: Bitcoin Sees Largest Net Taker Volume Drop Of 2025 – Traders React To Trump-Elon Clash Despite recent uncertainty, sentiment around Solana remains constructive. Analysts point to strong structural support and a history of sharp rebounds from similar technical setups. Among them, top crypto analyst Ali Martinez recently shared a key signal that has caught the attention of traders: the TD Sequential indicator has flashed a buy signal for Solana on the daily timeframe. Historically, this signal has preceded notable price rallies, particularly when it aligns with strong support zones. With Solana holding firm and broader sentiment gradually improving, bulls are watching closely for a push into higher supply zones. If confirmed, a breakout from this range could send SOL toward new short-term highs. The coming days will be critical in determining whether Solana can sustain this momentum and lead the next altcoin rally. Solana Tests Support As TD Sequential Signals Rebound Solana is holding a critical support zone near $145 after shedding more than 20% of its value since late May. The correction has brought SOL into a key demand area, where bulls appear to be defending the level with strength. Despite attempts to reclaim $160, the altcoin has faced persistent resistance, with fading momentum and rising macro risks clouding short-term price action. Market-wide conditions haven’t helped either. Both Bitcoin and Ethereum have stalled below key resistance zones, failing to spark a broader rally in altcoins. This hesitation has intensified uncertainty, with some analysts calling for a deeper retracement in SOL if market leaders continue to slide. However, others remain optimistic that Solana could soon turn the tide. A key signal for Solana has emerged, with analyst Martinez reporting that the TD Sequential indicator printed a buy signal on the daily chart. Historically, this indicator has been a reliable precursor to significant local bottoms and bullish reversals, particularly when seen near strong support levels. With SOL recently experiencing a selloff and now stabilizing, this signal underscores the growing bullish potential. For now, Solana’s ability to hold above $145 will be key. A bounce from this level, combined with improving sentiment across large-cap assets, could trigger a fresh push toward $160 and beyond. If confirmed, such a move would signal that SOL is regaining strength and ready to retest higher resistance levels in the weeks ahead. Related Reading: Ethereum Stabilizes After Market Drop – Key MA Reclaim Could Trigger A June Rally SOL Retests Support After Prolonged Correction Solana (SOL) is trading at $148.44 after attempting a modest rebound from its recent local low near $145. The daily chart shows that SOL has lost momentum since peaking above $180 in late May, marking a 20% correction. Price is now holding just above the 100-day moving average (144.68), a key technical level that previously acted as support during consolidation phases. The 50-day and 34-day moving averages are now trending downward, with the 50-day SMA around $159.33 and the 34-day EMA near $159.35 — both acting as dynamic resistance. Meanwhile, the 200-day SMA remains higher at $177.49, reinforcing the presence of a strong overhead supply zone between $160 and $180. Despite the bearish pressure, volume has remained relatively muted during the recent drop, suggesting that panic selling hasn’t taken over yet. If SOL manages to hold above the $144–$145 region, this could form the base for a rebound, especially if broader market sentiment improves. Related Reading: Ethereum Mirrors Bitcoin 2020 Breakout Setup – Historic Run Incoming? A daily close back above the 34-EMA could open the door for a recovery toward $160. However, a breakdown below $144 could trigger further downside toward the March lows. For now, SOL remains at a technical crossroads, with short-term direction hinging on the next few candles. Featured image from Dall-E, chart from TradingView
Bitcoin ( BTC ) may be on track to reach a new all-time high in the third quarter of 2025, according to insights comparing its trading patterns to those of gold . In this case, cryptocurrency analyst Ted Pillows highlighted this parallel, noting similarities between Bitcoin’s current price behavior and gold’s historical rally, he said in an X post on June 7. In his breakdown, Pillows explained that Bitcoin appears to follow the same sequence of market phases gold experienced before its major breakout. He noted that gold went through a distribution phase, followed by years of accumulation between 2013 and 2018. It then entered a re-accumulation phase after 2020, leading to a sharp rally to record highs of around $3,500. Gold and Bitcoin price analysis chart. Source: Ted Pillows According to Pillows, Bitcoin is mirroring that path. After peaking in 2021, BTC underwent a steep correction, followed by an accumulation phase throughout 2022 and 2023. In 2024, Bitcoin entered what Pillows described as a re-accumulation phase, gaining momentum and breaking higher. If the pattern holds, it could enter a rally phase similar to gold’s before its surge. Pillows noted that both assets corrected after hitting new highs, reinforcing the comparison. To this end, the expert projects that Bitcoin could reach $125,000 to $130,000 by Q3 2025. “BTC is perfectly mimicking Gold’s rally. Gold also had a correction after hitting the new ATH, and the same happened with BTC. I think BTC will hit $125,000 to $130,000 by Q3 2025,” Pillows said. While the price patterns align, Bitcoin and gold remain fundamentally different. The precious metal is a centuries-old store of value, while Bitcoin is still evolving. Still, both have shown strong momentum in 2025. Bitcoin’s key price levels to watch Meanwhile, a separate analysis by RLinda , published on TradingView on July 7, highlighted key Bitcoin technical levels to monitor. She noted that BTC is recovering after a liquidity sweep of nearly $100,000, though the short-term outlook remains mixed. While the broader trend is bullish, the market is in a corrective phase with a bearish structure below key resistance. Bitcoin is currently testing the $105,900 and $106,720 zones. If buying momentum weakens, a rejection here could drop the price to $103,000. Bitcoin price analysis chart. Source: TradingView However, RLinda noted that a sustained move above $105,500 could revive bullish momentum and push prices toward $110,400, assuming support holds. Bitcoin price analysis By press time, Bitcoin was trading at $105,660, up 0.5% in the past 24 hours and nearly 1% over the past week. Bitcoin seven-day price chart. Source: Finbold The current price sits comfortably above its 50-day ($100,893) and 200-day ($87,224) simple moving averages ( SMA ), indicating continued bullish momentum. Meanwhile, the 14-day Relative Strength Index ( RSI ) stands at 51.09, signaling neutral market conditions, with no immediate signs of the asset being overbought or oversold. Featured image via Shutterstock The post Expert sets Bitcoin price for Q3 2025 appeared first on Finbold .
Coinbase and BiT Global have reached a legal settlement that ended their dispute over the delisting of BiT Global’s wrapped bitcoin (wBTC) token on Coinbase. According to a joint court filing , BiT Global has agreed to dismiss its lawsuit against the crypto exchange with prejudice, meaning the case cannot be brought again in the future. The filing notes that both companies will cover their own legal expenses. BiT Global had filed the lawsuit last year in the Northern District of California after Coinbase delisted the token over what it said was “unacceptable risk” that the tokenized BTC would “fall into the hands of Justin Sun.” Sun became affiliated with wBTC in August last year through a partnership, prompting Coinbase to question BiT Global about his role. Sun, a Chinese-born crypto billionaire, has nevertheless been supporting the token, with World Liberty Financial dropping its cbBTC for wBTC after he joined as an advisor. The suit alleged the exchange’s decision was unjustified and harmed the token's liquidity and reputation while favoring Coinbase’s competing asset cbBTC. Coinbase launched cbBTC just two months before announcing it was delisting wBTC. The dismissal does not disclose any settlement terms beyond the cost arrangement.