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Polkadot bridge exploit mints $1B fake DOT
Polkadot bridge exploit lets attacker net $250K as the SEC gives crypto apps a clearer path and Bitcoin rebounds toward $72K.
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Crypto had a wild weekend, and Monday brought a plot twist.
Trump threatened to blockade the Strait of Hormuz. Markets flinched, then bounced.
Meanwhile, a billion-token exploit reminded everyone that bridges are still DeFi's weak link.
Regulators and DAOs are both trying to shape what comes next, just from very different angles.
SEC outlines how crypto trading apps can skip broker registration
The SEC just gave DeFi front-ends, wallet apps, and crypto aggregators a potential off-ramp from broker rules.
Its Division of Trading and Markets laid out specific conditions these interfaces can meet to operate freely.
In English: if your app just connects users to markets without handling their assets, you might be in the clear.
This is the closest thing to a regulatory green light DeFi builders have gotten from the SEC.
Markets
Markets shrug off a geopolitical scare in record time
Bitcoin slid to $70K Sunday after Trump threatened a naval blockade of the Strait of Hormuz.
Iran nuclear talks collapsed, oil prices spiked, and risk assets took the hit.
Then Monday morning happened. Crypto and tech stocks reversed course almost immediately.
BTC climbed back near $72K, ETH pushed above $2,200, SOL reclaimed $82, and XRP settled near $1.33.
Polkadot bridge exploit lets attacker mint and dump 1B DOT tokens
An attacker seized admin control of Hyperbridge and minted one billion unauthorized DOT tokens, and stole about $250,000 before liquidity dried up.
They quickly dumped the tokens on Ethereum, with blockchain security firm CertiK flagging the exploit.
Cross-chain bridges keep proving they're the unlocked back door of decentralized finance.
Aave DAO approves $25M stablecoin grant to fuel ecosystem growth
Aave's governance community voted to hand Aave Labs $25M in stablecoins plus 75,000 AAVE tokens.
The proposal passed with roughly 75% support, clearing easily despite some opposition.
DAOs funding their own dev teams is becoming the crypto version of a corporate R&D budget.
On Our Radar
Liquidity gets picky: Crypto markets are quietly ditching traditional AMMs for hybrid models.*
Bitmine's Ethereum stash: 71,524 coins and counting toward its endgame goal.
Mega Bitcoin bet: Strategy just dropped $1 billion on digital gold.
*sponsored
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Until next time.
Estéfano
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