Bitcoin Bear Markets Growing Milder as Institutions and ETFs Reshape Cycles

Crypto Casino Duelbits Taken Offline After $7M Hot Wallet Breach

Crypto gambling platform Duelbits has gone offline following a cyberattack that drained its hot wallets of approximately $7 million. The attackers targeted wallets across four separate blockchain networks in the breach. Around $6 million of the stolen funds have since been consolidated into a single Ethereum address. The incident highlights ongoing security vulnerabilities facing crypto-based gaming platforms.

UK Banks Complete World's First Interbank Transactions Using Tokenized Deposits

Barclays, NatWest, HSBC, and other major UK banks have successfully completed what is being described as the world's first interbank transactions using tokenized deposits. The trials involved real-world use cases, including remortgage processing and a marketplace payment test. Unlike earlier experiments confined to a single institution, these transactions moved bank-issued digital cash across multiple financial entities. The milestone marks a significant step forward in the practical application of tokenized money within traditional banking infrastructure.

Crypto for Advisors:The hidden costs of holding your own bitcoin

Qivalis CEO Says Stablecoins Set to Reshape Global Trade Finance

Jan-Oliver Sell, CEO and founder of European stablecoin issuer Qivalis, has stated that stablecoins are poised to transform the global trade finance industry. According to Sell, the entire trade finance supply chain is in the process of shifting toward stablecoin-based systems. Qivalis operates as a stablecoin issuer based in Europe, positioning itself at the forefront of this anticipated transition. The comments reflect a broader industry trend of financial institutions exploring blockchain-based alternatives to traditional trade finance mechanisms.