📢 Today’s Top Crypto Headlines:
⚡ Fed Chair Rumors Shake Sentiment
• Social media rumors falsely claimed Fed Chair Jerome Powell resigned during an “emergency meeting”
• No confirmation from the Fed or any credible news source
• Meanwhile, President Trump says he has selected the next Fed Chair, announcement “soon”
• Kevin Hassett leads prediction markets with 45%+ odds
• Fed leadership speculation adds to market uncertainty around future rate cuts
📁 CoinShares Withdraws U.S. Spot ETF Filings
• CoinShares pulled its SEC filings for XRP, SOL, and LTC spot ETFs
• Also ending operations of its leveraged Bitcoin futures ETFs
• CEO Mognetti cites heavy competition from BlackRock, Fidelity, and Grayscale
• Firm will pivot toward:
- Crypto equity products
- Blockchain-themed portfolios
- Active strategies blending crypto with traditional assets
🚨 Yearn Finance Exploit
• $yETH pool exploited, allowing attackers to mint unlimited yETH
• Entire pool drained in a single transaction
• **1,000 ETH ($3M)** already moved through Tornado Cash
• Attack used temporary contracts, some self-destructing
• $yETH pool was ~$11M, exact loss still unclear
• Yearn V2 and V3 vaults unaffected, investigation ongoing
⏳ Terminal Finance Launch Canceled
• Terminal Finance, developed with Ethena, canceled its long-planned DEX launch
• Despite $280M raised in pre-sale, the underlying blockchain Converge has not launched
• No updated launch plans from Ethena or Securitize
• Highlights ongoing risks of project dependencies across the DeFi ecosystem
Discover real-time, AI-powered market insights, only with SWFTGPT!
📲 Listen now:
6.7K
7
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.