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

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.

Bitcoin Bear Markets Growing Milder as Institutions and ETFs Reshape Cycles

Bitcoin's most recent bear market was notably less severe compared to previous downturns in its history. The growing presence of institutional investors and the introduction of Bitcoin ETFs are credited with tempering the depth of the decline. These developments point to a maturing market that is gradually stabilizing Bitcoin's notorious boom-and-bust cycles. Analysts suggest that if bear markets are softening, future bull markets may also follow a similarly reshaped pattern.

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.