Breaking ! Resupply Hack: $9.6M Vanishes in Minutes After Smart Contract Glitch

Resupply Hack: DeFi Glitch Leads to $9.6M Crypto Theft

Another day, another DeFi breach—infamous hack is now trending after the decentralized protocol Resupply confirmed a critical exploit in its wstUSR market. A flaw in its ResupplyPair contract let a hacker borrow massive amounts of crypto with nearly zero collateral, draining $9.6 million in minutes.

The attacker cleverly manipulated the price of a token called cvcrvUSD. This triggered a logic glitch in the smart contract, making it think the collateral was worth way more than it actually was. Using this trick, they borrowed large amounts of reUSD, swapped it into other tokens like ETH and USDC, and split the stash across multiple wallets.

Rough breakdown of stolen assets:

  • ETH: ~$2 million
  • USDC: ~$3.6 million
  • Others: Remaining amount across stablecoins and tokens

It has paused all activity in the wstUSR market to prevent further damage. Thankfully, other parts of the protocol remain untouched. The team is currently investigating and will publish a full post-mortem soon.

Quick Take:
This hack is a brutal reminder that even well-known DeFi protocols can have fatal flaws—especially when they rely on external price oracles. As the ecosystem scales, the pressure to audit, simulate, and harden these systems is growing fast. For now, Resupply users are left hoping for recovery options—or at least lessons learned.

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Dig Into 5 Game-Changing Crypto Today Developments Unfolding Right Now”

What The Buzz in Crypto Today Means for You

The crypto today mood is electric—markets are mixed, headlines are bold, and institutional and political moves are shaking confidence. Here’s the lowdown on what’s making waves:

5 Game-Changing Crypto Today Developments

  1. Bitcoin & ETH Stay Strong Despite Pressure
    Bitcoin is holding near $107K thanks to steady institutional inflows, while Ethereum shows modest gains. Altcoins are doing their own thing—some jumping, others dipping—as uncertainty lingers.
  2. Stablecoin into Banking Sparks Debate
    U.S. lawmaker interest in integrating stablecoins like USDC and Tether into regulated banking is heating up—with $250 billion in circulating supply fueling concern that these tokens could upend traditional systems.
  3. Trump Media Files Bitcoin–ETH ETF Request
    Trump’s Media & Tech Group just filed for a dual BTC–ETH ETF, signaling deeper entry into mainstream web3—combining 75% Bitcoin and 25% Ethereum exposure with backing from Crypto.com.
  4. Genius Act Near Senate Passage
    The Senate is expected to pass the GENIUS Act, defining stablecoin regulations and barring Congress—but not the President—from profiting. Critics warn it leaves major loopholes untouched.
  5. Middle East Tensions Nudge Markets Lower
    Israel–Iran geopolitical risks weighed on web3overnight—BTC dropped ~0.7% to ~$106K, ETH fell 2.6%, and SOL slid ~3.8%, showing how global risk sentiment still drives crypto today.

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5 Compelling Ethereum Price Analysis Signals That Could Spark a Breakout

Ethereum Price Analysis: What’s Fueling the Momentum Today

Today’s ETH price analysis shows ETH is at a pivotal junction—supported by surging inflows and strong on-chain metrics, yet still tangled at resistance. Here’s your must-know rundown:

5 Vital Ethereum Price Analysis Signals

  1. Institutional ETF Inflows Heating Up
    Over the past two weeks, ETH spot ETFs have pulled in over $812 million, more than double Bitcoin’s inflows—signs of growing institutional confidence .
  2. Holding Above Key Support Zone $2,460–$2,470
    ETH bounced off this zone with strong volume, marking it as critical level of demand that bulls are defending .
  3. Resistance Mounting at $2,640–$2,650
    ETH is currently consolidating just below this range. A decisive break above could trigger a push toward $2,700 or higher .
  4. Technical Pattern in Play: Ascending Channel
    ETH is trading within a rising short‑term channel, with 9‑day MA above 21‑day MA—classic bullish structure. But upside is capped until the $2,650–$2,700 ceiling breaks .
  5. Macro & Whale Signals Mixed
    While some whales are accumulating (~20 million ETH moved into cold wallets), others remain passive, and macro events like Fed moves and global trade tensions could shake momentum.

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5 Explosive Reasons Solana Is Surging as June Kicks Off

Solana Surge: What’s Driving The Rally in June?

As of today, Solana (SOL) is trading around $155.31, up about 2.9% on the day and climbing from a low of $149.72 to a high of $156.23 . This marks a solid bounce after a choppy May, signaling renewed bullish momentum.

Solana’s ecosystem is gaining traction again, supported by an 11.5% price increase since early May, despite a 12% pullback from its monthly peak . That rebound is powered by a mix of retail accumulation and whale buying—balances held on exchanges have dropped notably, hinting at long-term holding .

Another catalyst: institutional flows. SOL investment products recently recorded $6.4 million of inflows last week, suggesting growing interest from professional investors . Plus, major banks like HSBC and Bank of America—via R3—are now piloting tokenized securities on Solana, marking a significant push into real-world finance .

Technicals support the case too. SOL is edging toward a “Golden Cross”, where its 50-day EMA may soon cross above the 200-day EMA—typically a bullish signal . However, watch the $178 resistance level—breaking past here could open the door toward $188, while slipping below $154–$161 support might trigger a correction

Outlook

With whales stacking, institutional cash pouring in, and real-world blockchain use taking form, Solana is shaping up for a breakout this June. A close above $156 opens the path to $178, but a dip below $154 could test deeper levels. Bulls are hopeful—but risk is still in play.

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USDC : 4 Breakthrough Moves That Just Pushed USDC into Japan’s Mainstream

USDC Breaks Through in Japan

As of June 9, 2025, USDC—the dollar-backed stablecoin from Circle—is now officially in Japan’s digital mainstream. SBI Holdings and SBI Shinsei Bank injected US$50 million into Circle following the company’s NYSE debut (opened at $69, closed at $83).

Japan’s Financial Services Agency granted regulatory approval for it under the June 2023 revision to the Payment Services Act, making it the first globally backed stablecoin lawfully operational in the country . SBI VC Trade launched USDC trading on March 26, 2025, with major exchanges like Binance Japan, bitbank, and bitFlyer lining up to follow .

Circle and SBI formed Circle Japan KK, a joint venture aimed at embedding it into Japan’s finance ecosystem—covering programmable wallets, treasury services, and business payments . SBI Shinsei Bank will also provide the banking backbone to ensure liquidity and accessibility .

Globally, it has reached over $1 trillion in on-chain volume and holds nearly $60 billion in market cap—fully reserved and redeemable 1:1, offering stability and transparency . Japan’s growing crypto infrastructure and relaxed regulations position USDC to thrive in remittance, payments, and DeFi use cases.

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Bitcoin: 3 Surprising Twists Behind Today’s Bitcoin Price Shift

Bitcoin Price Today: June 8, 2025

As of today, BTC is trading around $105,725, up slightly by 0.07% from yesterday. The intraday range spans from a low of $105,110 to a high of $105,904, showing modest movement compared to recent volatility.

1. Institutional Inflows & ETF Momentum

Institutional interest remains strong: large inflows into spot BTC ETFs continue to buoy price action. For example, BlackRock’s IBIT fund amassed over $57 billion in assets by February 2024, and similar momentum is now rippling through Europe’s pending Bitcoin ETP launches. Moreover, Sygnum Bank reports that Bitcoin’s liquid supply on exchanges has shrunk by ~30% in the past 18 months, tightening supply as institutional demand intensifies.

2. Technical Patterns Signal Consolidation

Technical analysts note Bitcoin is hovering near the lower band of its 4-hour chart after a strong rally from $90K to $112K. This zone, between $103K–$112K, acts as a critical support-resistance pivot. A bounce from here could set up a run toward $118K, while a breakdown might push price down toward $97K.

3. Macro Outlook & Policy Watch

A calmer backdrop in macroeconomic news—specifically weaker-than-expected U.S. labor data—has hinted at potential Fed rate easing. That, combined with momentum from political developments like the Strategic Bitcoin Reserve executive order signed in March, supports a cautiously bullish narrative.

What’s Next ?

With institutions continuing to pile in, dwindling on‑exchange supply, and strategic support zones holding firm, Bitcoin looks set to stay range‑bound near $105K–$112K. A sustained close above $112K could trigger a fresh wave toward $118K, while a drop below $103K may test deeper support near $97K.

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Breaking Bitcoin News: Kazakhstan’s 1st Crypto Card Launch to Simplify Bitcoin Payments

Kazakhstan is moving forward with Bitcoin-powered innovation as the country rolls out cryptocurrency-linked payment cards, making digital assets like Bitcoin usable for daily purchases. These cards will connect to wallets held at regulated crypto platforms under the Astana International Financial Centre (AIFC).

Kazakhstan to introduce Bitcoin-based crypto cards.

The initiative was introduced during a high-level meeting between the National Bank of Kazakhstan, local banks, cryptocurrency exchanges, and fintech firms. The aim is to integrate Bitcoin into everyday life while maintaining compliance and security.

The new payment process is designed to be seamless. When a user makes a purchase using the crypto card, the selected cryptocurrency—such as Bitcoin—is instantly converted into Kazakhstan’s national currency. The funds are then transferred to the card in real time, enabling payment in fiat while preserving the user experience of spending crypto.

This real-time crypto-to-fiat conversion is possible thanks to deep cooperation between Kazakhstan’s banks and licensed crypto providers operating under the AIFC.

In addition to the crypto card program, Kazakhstan’s central bank is pushing several other digital finance initiatives. These include the development of a national currency-backed stablecoin, the tokenization of real-world assets like property, and the implementation of secure systems for storing digital financial instruments.

The country is also building infrastructure for easier cryptocurrency storage and exchange, aiming to encourage innovation and digital transformation within its financial sector.

With the launch of these Bitcoin-based crypto cards and a broader embrace of blockchain technology, Kazakhstan positions itself as a growing hub for regulated crypto-financial services.

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Breaking: Crypto Market Sees Major Moves: Bitcoin Dips, Moonchain Soars 300%

Crypto Market Sees Major Moves: Bitcoin Dips, Moonchain Soars 300%

May 29, 2025, was a rollercoaster in the crypto world. Bitcoin (BTC) dipped below $108,000, signaling a potential market correction. Analysts suggest that large holders, or “whales,” are beginning to distribute their assets, possibly indicating a market top .

In contrast, Moonchain (formerly MXC) experienced an astronomical rise, surging over 300% in just 24 hours. This unexpected spike has caught the attention of investors and traders alike, marking it as one of the day’s standout performers .

Meanwhile, XRP continues to gain traction globally. Data reveals that nearly half of XRP futures trading occurs outside U.S. hours, emphasizing its international appeal .

On the regulatory front, Bybit has been granted a MiCA license in Austria, allowing it to operate under the European Union’s new crypto regulations. This move signifies the EU’s commitment to integrating crypto into its financial systems .

Additionally, U.S. Vice President JD Vance praised former President Donald Trump as a “champion of crypto,” highlighting the increasing political support for digital assets .

As the day concludes, the market remains as dynamic as ever, with significant shifts in prices and growing institutional interest. Investors are advised to stay informed and exercise caution in this volatile environment.

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Bitcoin Price Hits $104K: 2025 Bull Run Gains Momentum

Bitcoin Price Soars to $104K Amid Bullish Momentum

As of May 11, 2025, Bitcoin (BTC) is trading at approximately $104,344, marking a significant milestone in its ongoing bull run. This surge is attributed to a combination of institutional investments, favorable macroeconomic conditions, and increased adoption.

Bitcoin's Price as of May 11, 2025

Institutional interest has been a major driver, with significant inflows into Bitcoin-related financial products. Notably, investment firm Strategy plans to invest $84 billion in Bitcoin acquisitions, reflecting growing confidence in the cryptocurrency’s long-term value.

Macroeconomic factors have also played a role. The establishment of the U.S. Strategic Bitcoin Reserve in March 2025 has positioned the United States as a leading holder of Bitcoin, with over 200,000 BTC in its reserves. This move has bolstered investor confidence and signaled governmental support for digital assets.

Technical analysis suggests that if Bitcoin Price will maintains its current momentum, it could reach resistance levels around $107,000, with potential to climb to $120,000 in the coming months.

However, analysts caution that trading volumes have declined, indicating potential short-term volatility. Investors are advised to monitor market trends closely and consider risk management strategies.

In summary, Bitcoin price’s rise to $104,000 reflects a confluence of institutional backing and macroeconomic support, signaling a robust phase in its market cycle.

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Breaking ! Silk Road Bitcoin Wallets Wake After 11 Years, Move $322M in BTC

Two long-dormant Bitcoin wallets linked to the infamous Silk Road marketplace reactivated on Monday, transferring a total of 3,421 BTC—worth around $322.5 million—after more than a decade of inactivity. These transfers are among the largest movements from early Bitcoin-era wallets in recent memory and have sparked fresh discussion across the crypto community.

Bitcoin Silk Road Wallet Arises After 11 Years

Bitcoin price as of May 6 2025

Dormant Wallets Spring Back to Life

The first wallet, inactive since 2013, initiated a transfer of 2,343.481 BTC at block height 895,421, equivalent to approximately $220.8 million. The funds were moved from an old-style Pay-to-Public-Key-Hash (P2PKH) address to 31 separate outputs. Notably, 30 of these outputs were redirected to a newly created Pay-to-Witness-Public-Key-Hash (P2WPKH) address, a more secure and modern Bitcoin wallet format.

The second transaction occurred at block height 895,433, moving 1,078.99 BTC—worth over $101 million—from another wallet that had also remained untouched since July 11, 2013. Like the first, this transfer also shifted BTC from a P2PKH address to a P2WPKH wallet in 27 outputs. The coins have remained unmoved since the transaction.

Silk Road Connection Raises Eyebrows

Blockchain analytics platforms including btcparser.com and Whale Alert flagged the transactions, citing the unusual age and size of the wallets. Sani from timechainindex.com suggested that the funds may be tied to Silk Road—a darknet marketplace active in Bitcoin’s early years. According to Sani, the coins were likely withdrawn from Silk Road in 2012.

Community Reaction and Ongoing Speculation

The crypto community is now watching closely to see if these freshly moved coins will be sold, further transferred, or simply remain in the new addresses. Due to the Silk Road connection and the historical significance of the funds, their movement has raised questions about long-term holders and the potential market impact if the BTC is sold.

Conclusion

While the BTC remains untouched for now, the awakening of these wallets serves as a stark reminder of Bitcoin’s shadowy origins and the transparency of blockchain technology. As markets react and observers speculate, the transfers have become a focal point for discussions on Bitcoin’s past—and its unpredictable future.

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