The post SecondFi is shutting down after Cardano wallet exploit appeared on BitcoinEthereumNews.com.
Cardano wallet firm SecondFi says it will not resume “normal operations” and will instead focus solely on “returning assets to affected users” as it continues to grapple with last month’s $2.4 million ADA exploit. Developer Emurgo, claimed yesterday that “SecondFi will not resume normal operations, even once the audits are complete.” It added, “Going forward, our involvement in SecondFi is limited to a dedicated asset recovery team, tasked solely with returning assets to affected users.” The firm has yet to release an audit of what took place during the exploit, which saw 16 million ADA ($2.4 million) stolen by bad actors, and 129 million ADA ($18.5 million) taken by a mysterious white hat hacker. Emurgo is also yet to launch a recovery plan for affected users and is still in the process of arranging one. Read more: Mystery deepens over Cardano wallet’s $18.5M white hat hacker What w
The post Dogecoin Whale Moves Nearly 4 Billion DOGE Off Binance in $299M Transfer appeared on BitcoinEthereumNews.com.
Dogecoin News A single wallet pulled nearly 4 billion Dogecoin off Binance in one of 2026’s largest transfers on record. On-chain data shows 3,999,999,999 DOGE — worth roughly $299.5 million at the time of the move — left the exchange for an unknown address, settling with a network fee of just 1.5331 DOGE. The scale of the outflow drew immediate attention because assets leaving a major exchange for private custody typically signal accumulation rather than intent to sell. The transfer landed as Dogecoin, a proof-of-work altcoin originally launched as a meme, hovered near a multi-year support band that analysts have repeatedly flagged as a launchpad for its strongest historical rallies. Network fundamentals reinforced the accumulation narrative. On-chain data indicates active addresses climbed to nearly 50,000 on July 5, a sharp pickup in participation that often precede
The post Cardano Price Prediction: Can ADA Hold the 50-Day EMA After Adding 15,000 Wallets in Two Weeks? appeared on BitcoinEthereumNews.com.
ADA has added 14,783 non-empty wallets since the June 23 bottom, surpassing pre-SecondFi exploit holder counts Price is up 35% from its late June lows and fighting to hold the 50-day EMA at $0.1858 The two largest ADA exchange supply removal days since June 23 came back-to-back on July 6 and 7 Cardano trades at $0.1794 on July 7, down 2.50% as price pulls back after touching $0.1858 on the 50-day EMA, a level that briefly gave way and is now the key zone bulls need to reclaim. Is ADA’s 35% Rally Running Into Its First Real Test? ADA 1D Price Action (Source: TradingView) The daily chart shows ADA inside a recovery that has taken price from a low near $0.1400 back toward the 50-day EMA at $0.1858, with price now sitting just below it after a brief push above. The Supertrend (10,3) at $0.1536 remains well below spot, confirming the short-term uptren
The post ‘I’ve Thrown in That Towel’: ADA’s Charles Hoskinson Finally Admits XRP’s Model Won appeared on BitcoinEthereumNews.com.
The post ‘I’ve Thrown in That Towel’: ADA’s Charles Hoskinson Finally Admits XRP’s Model Won appeared first on Coinpedia Fintech News Cardano founder Charles Hoskinson said the enthusiasm surrounding XRP stems from a structural dynamic he calls Web 2.5, where a centralised company continuously builds real-world value around its native blockchain, creating a self-reinforcing cycle that retail and institutional markets reward. Speaking in a wide-ranging discussion, Hoskinson described the pattern plainly. Ripple acquires a prime broker, … Source: https://coinpedia.org/news/ive-thrown-in-that-towel-adas-charles-hoskinson-finally-admits-xrps-model-won/
The post Cardano Price Prediction: ADA Holds Above Support as RealFi Expands the Ecosystem appeared on BitcoinEthereumNews.com.
Key highlights: ADA is still in a broader downtrend, with $0.1950 marking the next key resistance Analysts say another rally is needed before Cardano’s recent strength can be viewed as a trend reversal RealFi has launched its Cardano testnet, introducing a stablecoin ecosystem focused on real-world credit markets Cardano has been one of the top performing digital assets in the top crypto league during the last seven days; hence, there is good reason for traders to watch this asset after a month-long period of declining prices. Of course, this fact did not pass by Daan Crypto Trades, who indicated that ADA is the standout performer among other altcoins in terms of performance. Furthermore, the analyst added that the rise of coins such as Cardano is an indicator of growing appetite for risks in the broader altcoin markets. ADA is recovering, but the bigger tre
BONK DAO loses 4.426T BONK worth $21.2M after a token-weighted vote passed using 882.285B BONK quorum power. BONK DAO is facing review after a governance vote reportedly drained about $21.2 million from its treasury. The case involves a proposal that moved 4.426 trillion BONK to a wallet controlled by the attacker. The attacker reportedly spent […]
The post BONK DAO’s $20M “Legal” Heist: When Perfect Code Meets Prison in Crypto appeared first on Live Bitcoin News.
Mt. Gox-linked wallets have moved 47,228 BTC to Bitstamp-linked addresses, adding a fresh on-chain signal that creditor repayments are no longer just paperwork.
TL;DR
This article was written by the News Desk and edited by Samuel Rae .
EMURGO, the Cardano-founding entity behind SecondFi, said Monday the hacked wallet service will not resume normal operations even after ongoing security audits conclude, telling all users to migrate away using its official recovery process. "Although we believe unaffected users remain safe,…
