The post Wall Street’s trillion-dollar dilemma: Why AI-powered hackers are keeping big banks off the blockchain appeared on BitcoinEthereumNews.com.
Traditional financial institutions are preparing to move trillions of dollars of assets onchain, but the risk of hacks and exploits is putting them off, according to blockchain security firm CertiK’s CEO Ronghui Gu. “Right now, more and more institutions are trying to move assets onchain,” Gu told CoinDesk in an interview. “They imagine that, let’s say in 10 years, multiple trillion dollars — even tens of trillions of dollars — of assets are going to move onchain.” The potentially massive migration of financial assets is hitting a wall because, although bankers and legacy institutions want to capture the efficiency of decentralized ledgers, the current operational reality is still too risky for conservative capital allocators. “When they move assets onchain, they need to face all these AI attacks, smart contract vulnerabilities, oracle man
The post Ripple and Stellar: Pioneers of a Balanced Financial Future appeared on BitcoinEthereumNews.com.
SMQKE, known for insights into the cryptocurrency world, envisions a future where Ripple‘s XRP and Stellar’s XLM become key elements of the financial landscape, akin to how Visa and Mastercard have operated in traditional markets. Rather than one blockchain reigning supreme, these two could coexist as major contributors to global finance. Continue Reading:Ripple and Stellar: Pioneers of a Balanced Financial Future Source: https://en.bitcoinhaber.net/ripple-and-stellar-pioneers-of-a-balanced-financial-future
The post Sui Network (SUI) Faces Second Day of Outages After Upgrade appeared on BitcoinEthereumNews.com.
Jessie A Ellis
May 29, 2026 18:34
Sui Network suffers two consecutive outages due to bugs in its 1.72 upgrade, disrupting block production and sparking market concerns.
The Sui blockchain, a Layer-1 network developed by Mysten Labs, encountered its second outage in as many days on Friday, May 29, 2026. According to the network’s status dashboard, block production halted for over three and a half hours before being restored. The disruption followed an earlier six-hour outage on May 28 due to a bug introduced in the 1.72 software upgrade. The Sui team attributed the outages to issues with the new release, which introduced changes to address balances and gas charging logic. “Yesterday’s implemented fix was an interim measure designed to restore functionality to the network,” the team explained, adding that a more comprehensive fix has since been deployed by most vali
The post Grayscale says Hyperliquid could become a ‘financial services juggernaut’ appeared on BitcoinEthereumNews.com.
Hyperliquid (HYPE), a decentralized trading platform that began as a crypto perpetual futures exchange less than three years ago, is increasingly being viewed by Wall Street analysts as a broader financial infrastructure play that could challenge parts of traditional exchanges and derivatives markets. In a new report, Grayscale described Hyperliquid as a fast-growing blockchain-based platform that generated roughly $800 million in revenue in 2025 while capturing meaningful market share in crypto perpetual futures, one of the largest segments of digital asset trading. “Hyperliquid is not directly comparable to another project in either crypto or traditional finance,” Grayscale wrote. “If it continues to execute well … we think Hyperliquid could become a financial services juggernaut.” Perpetual futures, or “perps,” are derivatives contracts that allow traders to specul
The post Binance aims for 3 billion users by 2030 amid a market it says is going through hard times appeared on BitcoinEthereumNews.com.
The crypto market is struggling, competitors are either passing through hard times or pivoting to other areas, while Binance is building with eyes on increasing its active user base ten-fold to 3 billion by 2030, Catherine Chen, the head of VIP and Institutional told CoinDesk in an interview. “It is true, the market is going through a hard time,” Chen said. “There is still some regulatory development, we are seeing some of our competitors either struggling or perhaps shifting their focus.” Coinbase, for example, recently reduced its workforce by 14% or nearly 700 staffers, citing negative market conditions as well as AI challenges, part of a wave of crypto employee layoffs this year. As BTC faces resistance to reclaim the psychological six-figure mark over $100,000, a level it has not seen since mid-November, the broader market seeks sustainable growt
The post South Korea Cracks Down on CatFi Rugpull: First-Ever Crypto Fraud Case Under New Investor Protection Law appeared on BitcoinEthereumNews.com.
South Korean authorities tracked suspects for months after CatFi case was initially dismissed despite early blockchain sleuth reports and evidence. South Korean prosecutors have filed charges against a group of individuals linked to a Solana-based meme coin project called CatFi, following allegations that the token was used in a coordinated rugpull scheme after attracting investor funds. The Seoul Southern District Prosecutors’ Office confirmed in its Wednesday statement that five individuals are now facing charges in connection with the case, including two main suspects who have been placed in custody and three others who have been indicted without detention. Influencer Ruse, Fake Lockups Investigators say the group created and launched CatFi in early 2025 through the Solana meme coin platform Pump.fun. It managed to draw in investors
The post Bitcoin Approaches ‘Crucial’ Reversal Zone as $72K Gets Closer appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) deepened six-week lows at Friday’s Wall Street open as US stock markets diverged to all-time highs. Key points: Bitcoin sinks closer to $72,000 as analysis eyes “crucial” BTC price levels. US-Iran ceasefire talks send stocks to even higher records as the crypto divergence continues. Bitcoin’s 100-day moving average gains significance as a battleground for bulls. BTC price analysis sees “crucial” range now in play Data from TradingView showed BTC/USD dropping to $72,395 on Bitstamp to start the US TradFi trading session. BTC/USD one-day chart. Source: Cointelegraph/TradingView Continuing a losing streak from recent weeks, the pair again saw downside pressure, even as stocks surged further into price discovery. The S&P 500 started Friday with new record highs, while the Dow Jones Industrial Average did likewise. S&P 500 vs. Dow Jones one-hour chart. Source: Cointeleg
The post FOGNET Partners With SELF To Bring Encrypted AI Services On-Chain appeared on BitcoinEthereumNews.com.
FOGNET, a multi-functional blockchain ecosystem for Web3, has partnered with SELF, a privacy-centered AI network. The partnership denotes a key development in advancing security-focused decentralized technology in the Web3 landscape. As FOGNET mentioned in its official social media announcement, the move merges its blockchain framework with the cutting-edge AI-led privacy solutions of SELF. Hence, the joint initiative focuses on revolutionizing user autonomy and digital ownership. 🚀 Partnership Announcement 🤝 FOGNET is excited to partner with @self_hq which is the privacy-first AI ecosystem built on zero-knowledge architecture. 🔐🧠 From encrypted messaging and private email to AI-powered productivity tools and secure cloud storage, SELF is redefining… pic.twitter.com/UqFoCr6Uj5 — FOGNET (@FOGNET2024) May 30, 2026 FOGNET x SELF Collaboration Drives Convergence of AI and Web
