Galaxy Digital has successfully raised $175 million for its inaugural externally backed venture fund, signaling a strategic shift towards supporting early-stage crypto startups focused on real-world blockchain applications. This new
In a dramatic turn of geopolitical events, the crypto market is roaring back to life. A tentative ceasefire between Iran and Israel , brokered by U.S. President Donald Trump after nearly two weeks of escalating conflict, has triggered a powerful wave of optimism across global financial markets—especially in crypto. As the threat of all-out war retreats, traders are rushing back into digital assets, buoyed by renewed risk appetite and a weakening U.S. dollar. XRP and Solana (SOL) are leading the charge. XRP surged over 9% in the aftermath of the truce, while SOL climbed more than 7.5%, with both eyeing new all-time highs. Meanwhile, ETH jumped 7%, reflecting the market’s broader bullish momentum. Bitcoin has also regained ground, breaking above the $105K mark for the first time in months. The ceasefire has not only cooled geopolitical tensions but also triggered a critical shift in investor psychology. With inflation fears easing and traditional safe-haven flows receding, capital is rotating aggressively into altcoins—especially those with strong narratives, active communities, and breakout potential. But while XRP and Solana are soaking up the spotlight, a new wave of lesser-known tokens is quietly preparing for liftoff. If history is any guide, moments of macro relief often mark the beginning of explosive runs in the altcoin market. Now, with global tensions easing and sentiment surging, the stage is set for the next altcoin breakout. In this article, we reveal five under-the-radar altcoins that are poised to explode next—tokens that could deliver outsized gains as capital rotates from the majors into high-upside bets. Price Prediction for XYZVerse ($XYZ): Is a 30x Jump Possible? XYZVerse has entered the meme coin market at a time when community-driven tokens continue to dominate speculative trading. The rise of meme coins like PEPE, Dogwifhat, and Bonk proves that strong branding, viral marketing, and community engagement can drive massive gains. The broader market sentiment also plays a key role in XYZVerse’s potential. As the altcoin season is about to start, lower-cap meme coins are seeing increased investor interest. Given that XYZVerse is still in presale, it could benefit from this wave if it secures strategic exchange listings and maintains community hype post-launch. Key Strengths of XYZVerse in the Current Market: Strong branding with sports and influencer partnerships, broadening its appeal Deflationary mechanics (17.13% token burn) to reduce supply pressure Liquidity allocation (15%) to support stability after launch Community incentives (10%) fostering engagement and holding Price Prediction for $XYZ Current Presale Price: $0.003333 Projected Post-Presale Target: $0.10 (as per project’s estimates) Potential ATH (First 1-2 Weeks Post-Launch): $0.15 - $0.25 (if demand surges and listings drive FOMO) Long-Term Potential (6-12 Months): $0.20 - $0.40 (if the project secures major partnerships) Buy $XYZ Early Realistic Expectations: Will XYZ Hit $0.10? A 30x jump from presale to $0.10 is possible but depends on: Strong Exchange Listings – If XYZVerse lands on major CEX platforms like KuCoin, OKX, or Binance, its price could skyrocket on launch day. Sustained Community Growth – Meme coins need viral momentum. If XYZVerse delivers on its sports influencer partnerships, it could drive massive social media engagement. Market Conditions – If Bitcoin and altcoins remain bullish, speculation-driven assets like XYZVerse tend to benefit. Is a 3000% Surge Possible for $XYZ? XYZVerse has the ingredients for a strong launch, but its long-term success depends on execution. If the team delivers strong marketing, high-profile listings, and real community engagement, the $0.10+ target, which is around 3000% from the current price, could be achievable. Invest in $XYZ Before It Surges Hyperliquid (HYPE) Source: TradingView Over the past six months, Hyperliquid (HYPE) has risen by 40.66%. However, in the last month, it dropped by 2.10%, and in the past week, it fell by 4.107%. This shows some recent downward movement after earlier gains. HYPE is trading between $29.19 and $44.09. The nearest support level is at $22.61, and the next support is at $7.7066. The nearest resistance is at $52.41, with a second resistance at $67.31. If HYPE moves above $52.41, it could rise further. If it falls below $22.61, it might decline more. Technical indicators are mixed. The 10-day Simple Moving Average is $37.95, slightly above the 100-day SMA of $35.63, which might suggest a short-term upward trend. The Relative Strength Index is at 57.29, indicating the asset is not overbought or oversold. The MACD level is positive at 0.2470, pointing to bullish momentum. Based on these factors, HYPE may rise, but recent price declines suggest caution. Pi Network (PI) Source: TradingView Pi Network (PI) has seen notable price movements recently. In the past week, its price increased by 11.19%, settling within a range of $0.45 to $0.58. This short-term gain contrasts with a 21.76% drop over the past month and a 12.29% decrease in the last six months. These figures highlight the volatility PI has experienced over different time frames. Technical indicators provide further insight into PI's performance. The Relative Strength Index (RSI) stands at 70.97, suggesting overbought conditions that might lead to a price correction. The stochastic oscillator is at 76.72, reinforcing this potential. PI's current price is below the 10-day Simple Moving Average (SMA) of $0.59 but hovers above the 100-day SMA of $0.53, indicating mixed short-term and long-term trends. Looking ahead, the nearest resistance level is at $0.66, about 14% above the current upper price. Breaking this could propel PI toward the second resistance at $0.80, an increase of approximately 21%. On the downside, the nearest support is at $0.39, around 13% below the current lower price. Falling below this might see PI drop to the second support at $0.25, a decrease of roughly 36%. These levels suggest that PI could see significant moves depending on market momentum. Ondo (ONDO) Source: TradingView Ondo (ONDO) is trading between $0.58 and $0.80. In the past week, its price rose by 4%. Over the last month, it dropped by almost 19%, and over six months, it fell by about 47%. This indicates a slight recovery after significant declines. The Relative Strength Index is 52, showing neutral sentiment. The 10-day Simple Moving Average is $0.78; the 100-day average is $0.72. This suggests the short-term trend aligns with the long-term. A positive MACD Level of 0.0061 hints at possible upward movement. If ONDO rises, it may reach resistance at $0.93, about 16% higher. Beyond that, the next resistance is at $1.15. If it falls, support lies at $0.49, roughly 15% lower, and then at $0.27. Based on recent data, ONDO could continue modest gains or face further declines. NEAR Protocol (NEAR) Source: TradingView NEAR Protocol (NEAR) is trading between $1.67 and $2.25. Over the past week, its price increased by 0.50%. In the past month, it dropped by 23.08%. Over six months, the price fell by 57.66%, showing a prolonged downtrend. The 10-day Simple Moving Average is $2.17, above the 100-day SMA of $2.03, suggesting a short-term bearish trend. The Relative Strength Index is at 47.71, indicating NEAR is neither overbought nor oversold. A low Stochastic value of 16.62 could signal a bullish reversal. The MACD is slightly positive at 0.008044, hinting at upward momentum. If NEAR breaks above resistance at $2.61, it could reach $3.20, a potential gain of about 50%. If it falls below support at $1.44, it might test $0.8489, a possible decline of around 50%. These levels may indicate NEAR's next significant move. Conclusion While HYPE, PI, ONDO, and NEAR show promise, XYZVerse (XYZ) emerges as the pioneering sports memecoin aiming for massive growth and uniting fans across multiple sports. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The California Department of Financial Protection and Innovation (DFPI) has fined Seattle-based Crypto ATM firm, Coinme, Inc. $300,000 for violating the state’s recently enacted Digital Financial Assets Law (DFAL). According to the press release , the penalty marks the first enforcement action under the law, which took effect in 2023 to enhance oversight of digital asset companies. Coinme operates a network of cryptocurrency kiosks, also known as crypto ATMs, at various retail locations across California. These machines allow customers to buy and sell digital assets using cash or debit cards. However, according to DFPI, Coinme broke the rules by allowing transactions that exceeded the daily limit of $1,000 per customer, a clear breach of DFAL provisions. In addition to exceeding transaction limits, the DFPI found that Coinme failed to provide required transaction disclosures on customer receipts, another violation of the state’s digital finance regulations. California Regulators Send a Clear Message About Crypto ATM Under a consent order, Coinme agreed to pay the $300,000 fine, which includes $51,700 in restitution to an elderly California resident who was exploited in a crypto scam facilitated through one of the company’s kiosks. The company must also implement operational changes to ensure compliance and prevent future violations. DFPI Commissioner KC Mohseni emphasized that the enforcement action aims to set a precedent. “This enforcement action should send a strong message to kiosk operators that California means business when it requires digital asset companies to follow the rules that help prevent scammers from taking advantage of unsuspecting Californians,” said Mohseni. The DFAL was specifically designed to address growing fraud involving crypto kiosks, which have become a tool for scammers targeting vulnerable groups, especially older adults. Victims are often tricked into transferring funds directly into scammers’ digital wallets via these machines. Meanwhile, this is not the first time the state will go after crypto service providers. In May, the California DFPI and Department of Justice teamed up to fight crypto fraud, shutting down 26 scam websites with the help of a widely used Crypto Scam Tracker tool. Based on consumer complaints, the tool has helped uncover $4.6 million in losses linked to fraudulent schemes. California regulators received 2,668 complaints from residents through its ‘Crypto Scam Tracker’ tool, that led to identify 7 new scam schemes. #CryptoScam #CryptoFraud #CaliforniaDFPI https://t.co/GEhyLAXURy — Cryptonews.com (@cryptonews) March 11, 2025 In 2023, Californians lost around $1.2 billion to crypto scams, according to the FBI. Notably, the DFPI received 2,668 complaints, leading to the discovery of seven new fraud cases. California Crypto Regulations and Licenses Take Shape California is moving closer to embracing cryptocurrency in public finance with the unanimous passage of Assembly Bill 1180. Approved by the State Assembly on June 2, the bill authorizes the Department of Financial Protection and Innovation (DFPI) to launch a pilot program allowing state agencies to accept digital assets for fee payments. California Assembly unanimously approves crypto payments bill. AB-1180 now heads to the Senate. #crypto #California https://t.co/HCk96E5CxN — Cryptonews.com (@cryptonews) June 4, 2025 Introduced by Assemblymember Avelino Valencia, the bill also mandates that DFPI submit a detailed report by January 1, 2028, evaluating crypto transaction volumes, regulatory challenges, and recommendations. The program will sunset on July 1, 2031. In addition, AB-1180 establishes the Digital Financial Assets Law, requiring businesses to obtain a DFPI license by July 1, 2025, to operate in the crypto space. It also sets rules for consumer protection and stablecoin use. While the bill doesn’t mandate crypto adoption, it empowers DFPI to explore secure, efficient digital payment systems, positioning California as a potential leader in public-sector crypto integration. The post Crypto ATM Giant Coinme Slapped With $300K Fine for Breaking California Limits—What’s Next? appeared first on Cryptonews .
Shiba Inu (SHIB) is currently at a fascinating crossroads, with recent market dynamics suggesting a potential for a significant price surge, even as large holders, commonly known as “whales,” have been observed making substantial moves. Despite some recent price dips, underlying technical indicators and strategic whale behavior hint at a possible bullish reversal for the … Continue reading "Shiba Inu Price Poised for Potential 50% Rally Despite Whale Activity" The post Shiba Inu Price Poised for Potential 50% Rally Despite Whale Activity appeared first on Cryptoknowmics-Crypto News and Media Platform .
Litecoin is making headlines again, not for its age, but for its growing privacy layer. After three years of steady development, the MimbleWimble Extension Block (MWEB) is finally seeing mainstream adoption. Over 90% of nodes now validate MWEB blocks, and more than 150,000 LTC, about $12 million, has been locked into this confidential ledger. Wallets like Cake and Electrum LTC now support MWEB, offering privacy with efficiency, and making Litecoin more practical as a medium of exchange rather than just a legacy network. Qubetics , however, is currently leading market attention for all the right reasons. With a confirmed listing on one of the top 10 centralized exchanges and only few million tokens remaining, Qubetics offers one of the clearest entry points in today’s market. More than a liquidity event, this listing marks a strategic milestone, opening doors to institutional onboarding, cross-chain interoperability, and retail adoption. With demand surging, this project is being recognized as one of the best altcoins to invest in now for utility-driven growth and early-stage positioning. Meanwhile, Cronos has been trading near key support at $0.084, following a 5% weekly dip. Despite the correction, attention is shifting toward July’s anticipated network upgrade. This upgrade will introduce sub-second, Ethereum-compatible transactions, dramatically improving dApp performance and developer accessibility. With bullish patterns forming and technical momentum building, Cronos could become one of the best altcoins to invest in now as the second half of 2025 unfolds. Qubetics: Revolutionizing Cross-Border Transactions with Real-World Utility Qubetics delivers a solution that legacy projects have failed to resolve: seamless, low-cost cross-border transactions. The network enables businesses, freelancers, and individuals to bypass slow settlement systems and costly intermediaries. Through its native protocol, users can send and receive digital value across jurisdictions, with near-zero delays and stable on-chain execution. Its interoperability-first architecture ensures that enterprises are not locked into a single chain. By offering a decentralized financial network with global compliance potential, Qubetics aligns with future-facing blockchain models. This level of real-world usability is what continues to drive traction, and why many rank Qubetics among the best altcoins to invest in now. Stage 37 Presale and Tokenomics Overhaul Strengthen Fundamentals Qubetics has officially entered Stage 37, the final phase of its crypto presale . At $0.3370 per $TICS token, and with a confirmed listing at $0.40, current participants are guaranteed a 20% value boost on listing day. So far, over $18.1 million has been raised, more than 516 million tokens sold, and over 28,200 unique holders have joined the ecosystem. In addition, the protocol underwent a tokenomics transformation earlier this quarter. The total supply has been reduced from over 4 billion to just 1.36 billion tokens, while the public allocation increased to 38.55%. This creates a more sustainable economic model, enhances scarcity, and supports community-led governance. Analysts closely monitoring token distribution and early performance have consistently ranked Qubetics among the best altcoins to invest in now based on presale fundamentals. Exchange Debut Imminent: Final Chance to Join Before Market Exposure Qubetics is now set for listing on one of the world’s top 10 centralized exchanges. The confirmed listing price of $0.40 ensures a 20% gain from the current presale entry of $0.3370. With fewer than 10 million tokens remaining, access is narrowing quickly. The listing represents a strategic shift into broader access, bringing in institutional market makers, enabling liquidity scaling, and triggering new deployments of Qubetics-powered applications. The network is now preparing for expanded developer activity, retail traction, and full market participation heading into Q3 and Q4 2025. At this trajectory, a $2,500 entry at the $0.3370 rate could grow into a $37,500 to $75,000 opportunity over time. With security validated through a CertiK audit scoring above 80%, Qubetics is entering the market with one of the most battle-tested rollouts seen in this cycle. These are the elements placing Qubetics at the top of many rankings for the best altcoins to invest in now. Litecoin: Privacy and Fungibility Driving New Demand Litecoin’s MWEB feature is drawing renewed attention as adoption metrics continue to grow. Enabled in 2022 and now validated by over 90% of miners and nodes, MWEB offers confidential transactions with native CoinJoin and stealth address integration. More than 150,000 LTC has been locked into the private extension layer, proving the demand for scalable privacy. What makes MWEB stand out is its optional design. Unlike Monero or Zcash, where privacy is either default or heavy on-chain, Litecoin provides a lightweight alternative. Wallet support is increasing, and analysts believe that the rising pool size will only enhance privacy further by obscuring flows. With low transaction costs and faster confirmations, Litecoin is becoming a practical digital medium of exchange once again. This renewed functionality places it back on the radar of serious buyers considering the best altcoins to invest in now. Cronos: Under-the-Radar Contender with July Upgrade Potential Cronos has quietly established a foothold within the DeFi and GameFi sectors. Backed by Crypto.com, the chain enables seamless app deployment and fast transaction finality. While its recent 5% decline may seem like a setback, the bigger story is the forthcoming July upgrade. Set to deliver sub-second, Ethereum-compatible transaction speeds, this upgrade is designed to supercharge Cronos’ performance. For developers, this means lower fees and improved on-chain responsiveness. For market participants, it points to growing network activity and better infrastructure performance. With CRO trading at around $0.084, analysts consider this a crucial support zone. If this level holds and the upgrade delivers, Cronos could reenter the spotlight and gain ground in rankings of the best altcoins to invest in now. Final Thoughts As market conditions begin shifting in favor of high-utility assets, several projects are rising to the top. Litecoin is proving that privacy can be optional and scalable. Cronos is building toward a high-performance future with its July upgrade. But Qubetics, with its confirmed CEX launch and presale momentum, is dominating attention. Only less than 10 million tokens remain at the $0.3370 price point. The listing at $0.40 locks in a rare 20% return from day one, positioning it as one of the most compelling entries in today’s digital asset market. Once public access begins, the value proposition shifts. Those seeking the best altcoins to invest in now are acting quickly. Between usability, tokenomics, security, and a strategic exchange debut, Qubetics delivers a full-stack value case unmatched in current presale offerings. Secure allocation now while the door is still open. For More Information: Qubetics: https://qubetics.com Presale: https://buy.qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics FAQs What is the best altcoin to invest in now with guaranteed listing ROI? Qubetics is offering a 20% ROI with a confirmed CEX listing at $0.40, making it a top pick for short-term value. How does Qubetics stand out from other crypto presales? Its real-world use case in cross-border transactions, tight tokenomics, and audited security give it strong market positioning. Why is Litecoin gaining traction again? Litecoin’s optional privacy layer via MWEB is seeing rapid adoption, boosting utility without sacrificing speed or cost-efficiency. Is Cronos still a viable altcoin despite recent dips? Yes. Cronos is preparing for a major July upgrade that could deliver sub-second, Ethereum-compatible transactions. How many Qubetics tokens are left in the presale? Fewer than 10 million $TICS tokens remain at the $0.3370 price before the confirmed exchange listing. Summary: This article identifies the best altcoins to invest in now, spotlighting Qubetics, Litecoin, and Cronos. Qubetics leads with a confirmed listing on a top 10 exchange at $0.40, offering a 20% return for current participants in its final presale phase. With under 10 million tokens left and over $18.1 million raised, it’s regarded as one of the top crypto presale opportunities of 2025. Litecoin gains momentum as its MWEB privacy layer surpasses 150,000 LTC locked, enabling scalable and optional privacy for everyday transactions. Cronos, meanwhile, is holding key support at $0.084 and preparing for a major July upgrade to enable sub-second, Ethereum-compatible transactions. Together, these altcoins offer strong fundamentals, utility-driven growth, and timely entry points, making them standout picks for strategic backers seeking value now. The post Qubetics Set for CEX Listing, Best Altcoin to Invest in Now with Litecoin’s Privacy Growth and Cronos July Catalyst appeared first on TheCoinrise.com .
Online banking and fintech platform SoFi Technologies has officially reentered the cryptocurrency space after a brief regulatory retreat. In a major announcement on Wednesday, the company revealed it is rolling out crypto trading services and launching blockchain-based international remittances. The move marks a significant pivot for the firm, which had exited the crypto industry in November 2023 due to regulatory limitations tied to its bank charter. Customers will now be able to buy, sell, and hold various cryptocurrencies directly within their SoFi accounts. The company is also introducing on-chain remittance services, allowing users to convert fiat into crypto, transfer it over the blockchain, and reconvert it into local fiat currencies—streamlining cross-border payments. These new services are part of SoFi’s broader push into crypto finance, with plans to support stablecoin offerings and crypto-backed borrowing in the near future. SoFi CEO Sees Long-Term Potential in Blockchain and AI SoFi CEO Anthony Noto expressed strong enthusiasm about the firm’s renewed focus on digital assets. “This is just day one. We can make financial systems faster, safer, more accessible, and lower cost for our members,” he added . The announcement also included plans for staking features and expanded payment options, underscoring SoFi’s aim to become a one-stop-shop for modern financial services. Its Galileo platform, a core part of the company’s infrastructure, will additionally support third-party crypto services such as wallets and custody solutions—allowing SoFi to cater to both consumers and fintech developers in the digital asset ecosystem. SoFi’s timing aligns with bullish industry projections, with Insider forecasting that the fintech blockchain market could grow from $3.4 billion in 2024 to $49 billion by 2030. This potential surge provides fertile ground for SoFi to scale its crypto operations. Regulatory Climate Now More Favorable SoFi’s earlier withdrawal from crypto was a condition of securing a bank charter in 2023. However, recent regulatory shifts have opened the door for its return. With the Federal Reserve easing constraints like “reputational risk” and stablecoin legislation advancing in Congress , the environment now appears more accommodating. In response to the news and broader optimism, SoFi’s stock (SOFI) has risen approximately 12% over the past week. The post SoFi Reenters Crypto Market With Blockchain Remittances and Trading Features appeared first on TheCoinrise.com .
The SEC’s filing cabinet has to be pretty full these days, and their ‘paperwork pending’ stack is getting perilously high. Invesco Ltd and Galaxy Digital LP combined forces to offer another Solana-based exchange-traded fund (ETF). They filed the appropriate paperwork with the SEC and joined at least 12 other potential spot and future ETFs on the SEC to rule on their status. The competition for the leading $SOL ETF takes place at the most visible end of the crypto ecosystem. Far lower down, there’s a different race on, with Snorter poised to corner the market in the fast-paced world of Solana meme coins on Telegram. It’s two ends of the same spectrum and speaks to the growing strength and versatility of the Solana ecosystem. Invesco Galaxy Solana ETF Ready to List Why the race for a Solana ETF? Partly because of the tremendous success of Bitcoin and Ethereum ETFs: $IBIT: iShares Bitcoin Trust, $70.6B Assets Under Management (AUM) $FBTC: Fidelity Wise Origin Bitcoin Fund, $20.4B AUM $GBTC: Grayscale Bitcoin Trust, $19.6B AUM $ETHA: iShares Ethereum Trust, $3.9B AUM $ETHE: Grayscale Ethereum Trust, $2.8B AUM It’s no surprise that more players are ready to enter the game, particularly as the realms of traditional finance (TradFi) and decentralized finance (DeFi) move ever-closer together. Only $BTC and $ETH currently have single-asset crypto ETFs, but the pile of pending filings includes everything from $XRP to $SOL to the first-ever NFT ETF, with Pudgy Penguins ($PENGU). And with single-asset crypto ETFs rolling along, institutions aren’t waiting around for the SEC. They’ve already started to move towards multi-asset ETFs. Converting Existing Funds to Multi-Asset ETFs One of the holdups so far has been that the SEC lacks a clear set of rules around crypto ETFs, even after the $BTC and $ETH approvals went ahead. The question now is, will the SEC hold approvals until they draw up new rules? Or will they approve first and develop the rule set as they go? There is some time pressure at work here. Grayscale wants to convert its Digital Large Cap Fund (GDLC) to an ETF, and the deadline for that is July 2. That fund already holds a number of crypto assets, including $XRP, $SOL, and $ADA. If the conversion is approved, look for others to follow. Investment managers from Bitwise to Hasdex have plans to convert other funds to multi-asset ETFs that include cryptos. The funds sit at the top of the financial and investment world, and every one that gets approved boosts Solana’s long-term outlook just slightly. But much, much farther down, there’s another reason to be excited for Solana. The frenetic, fast-paced world of Solana meme coin trading just got a tool that could bring much-needed clarity and make finding those 10x or 100x opportunities much easier. Snorter Token ($SNORT) – One Bot to Rule Them All for Meme Coin Trading on Telegram What do you need to find and trade memes on Telegram? You need: Lightning-fast transactions and swaps Automated sniping, to get in and out at the right time Protection from rug pulls, honeypots, and front-running trades Thankfully, traders now have Snorter Bot , the meme coin-styled trading bot designed specifically for trading low-cap Solana memes on Telegram. The $SNORT token powers the bot, providing for rapid trade execution and the lowest fees possible. The project’s presale has already raised nearly $1.3M in a few weeks, indicating broad support. The roadmap includes launching the bot on Solana but expanding to EVM-compatible chains post-launch. In the meantime, the plans feature a token bridge and a built-in Telegram dashboard. No more avoiding Telegram tokens; traders can dive in with confidence with Snorter. Visit the Snorter website to learn more . Solana ETFs Mark the Next Stage of Crypto Adoption As plans proceed, even the rate of ETF filings indicates just how fast crypto adoption is moving. From Wall Street boardrooms to Telegram chats, Solana is becoming increasingly accessible to investors of every stripe. Keep an eye on Snorter, and another on the broader Solana ecosystem. But remember – always do your own research. This isn’t financial advice.
Galaxy Digital raises $175 million for its first externally backed venture fund, targeting early-stage crypto startups.
Bitcoin stands in front on three important price levels that are crucial for its short-term future
An attacker manipulated token prices to distort exchange rates and drain about $9.5 million from decentralized stablecoin protocol Resupply. The exploit was first flagged on June 25 by security platform BlockSec Phalcon, which detected a suspicious transaction leading to a $9.5 million loss. Resupply protocol confirmed the incident on X shortly after, claiming that the affected smart contract had been paused and that the attack only affected its wstUSR market. The team also stated that a thorough post-mortem is in progress and that the core protocol is still operational. Resupply has experienced an exploit in the wstUSR market. The affected contract has been identified and paused. Only the wstUSR market was impacted and the protocol continues to function as intended. A full post-mortem will be shared as soon as a complete analysis of the… — Resupply (@ResupplyFi) June 26, 2025 While a detailed breakdown is still pending, preliminary analysis from security researchers points to a classic case of price manipulation within a low-liquidity market. The exploit targeted cvcrvUSD, a wrapped version of Curve DAO’s ( CRV ) crvUSD token staked through Convex Finance. Analysts say the attacker manipulated the share price of cvcrvUSD by sending small donations, which artificially inflated its value. Because Resupply’s exchange rate formula relied on this inflated price, the system became vulnerable. You might also like: Hacken bridge exploited for $250k HAI token following private key leak The attacker then used Resupply’s smart contract to borrow 10 million reUSD, the platform’s native stablecoin, with just one wei of cvcrvUSD as collateral. The borrowed reUSD was quickly swapped into other assets on external markets, resulting in a net loss of nearly $9.5 million. Additional investigation revealed that the attacker exploited an empty ERC4626 wrapper that was serving as a price oracle in the CurveLend pair of the protocol. This allowed the price of cvcrvUSD to spike using just two crvUSD, bypassing the usual collateral requirements. This incident adds to a growing trend of price manipulation attacks in 2025. Similar exploits have recently affected protocols such as Meta Pool and the GMX/MIM Spell ecosystem, which were both compromised due to oracle vulnerabilities and low-liquidity token manipulation. Weak pricing mechanisms and flash loans remain common tools for attackers, who continue to target DeFi systems with thin trading volumes despite passing contract security audits. Resupply has not yet confirmed whether user funds will be reimbursed or if recovery efforts are underway. Read more: Cork Protocol exploiter launders stolen funds via Tornado Cash, donates 10 ETH to developers’ legal fund