An AI-powered crypto agent on Solana mistakenly sent 52.4 million LOBSTAR tokens to a random wallet after a coding error. The transfer equaled around 5% of the token’s total supply. At the time, the tokens were worth between $250,000 and $440,000 on paper. The bot was only supposed to send a small donation worth about $400. Reports say the AI agent misread token decimals as whole numbers. A session reset wiped its memory, and without safety checks, the transaction went through. The wallet that received the tokens tried to sell them. But there was a problem. Liquidity was thin, and…
Author: Sazid Kabir
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A U.S. senator has launched a formal investigation into Binance after reports claimed the crypto giant processed nearly $1.7 billion in transactions tied to sanctioned groups. Senator Richard Blumenthal announced the Senate inquiry following media reports that Binance allegedly handled transactions connected to Iranian entities and Russia’s so-called “shadow fleet” of oil tankers. The exchange is the largest in the world by trading volume. The inquiry focuses on Binance’s compliance practices. In a letter sent to CEO Richard Teng, Blumenthal demanded documents explaining how the transactions were allowed to happen and whether internal investigators were sidelined or dismissed after raising…
Bitcoin is showing signs of recovery after a key market indicator turned positive for the first time in 40 days. The Coinbase Premium Index, which reflects demand from US buyers, flipped positive on February 25. This shift has sparked fresh optimism among traders after weeks of falling prices. Bitcoin was trading at around $65,907 at the time of writing. The price rose by 3.4% in the past 24 hours after dropping to $62,900 earlier this week. Buyers stepped in at lower levels, helping the cryptocurrency bounce back. The Coinbase Premium Index measures the difference between Bitcoin’s price on Coinbase and…
Former FTX boss Sam Bankman‑Fried has failed in his attempt to win a presidential pardon from Donald Trump. The White House confirmed that the president has no plans to grant clemency, despite Bankman-Fried’s recent public appeals. Bankman-Fried is currently serving a 25-year prison sentence after being convicted of fraud and conspiracy linked to the collapse of crypto exchange FTX. His legal team and supporters had hoped for leniency, but officials made it clear that no pardon is under consideration. In recent weeks, Bankman-Fried has taken to social media to criticize the Justice Department and voice support for Trump’s policies. Observers…
Bitcoin price is holding above the $62,000 support level, but low trading volume suggests the bounce may be weak. The market recently tested daily support near $62,900 and has managed to stay above it, preventing an immediate breakdown. While the defense of support is positive, the bounce lacks strong momentum. Typically, solid rallies come with high volume, but trading activity remains subdued. Without strong participation, the price may struggle to start a sustained bullish trend. This leaves Bitcoin vulnerable to further downside moves. Analysts point to the $60,000 range-low as the next key target if weakness continues. This level has…
A new on-chain analysis shows most of Ethereum’s largest holders keep their wealth outside of ETH. Instead, it sits in ERC-20 tokens and stablecoins. When ranked by ETH alone, the top 10,000 addresses hold $189 billion. But including other tokens, that figure jumps to $426 billion — more than double. Nearly half of the biggest holders are invisible in ETH-only rankings. Only 537 of the top 1,000 addresses appear in both lists. ETH now makes up just 42% of these holdings. Stablecoins account for 26%, and the rest is spread across ERC-20 tokens. Wealth has quietly shifted across protocols while…
Bitcoin developers have unveiled their first formal plan to protect the cryptocurrency from future quantum computer attacks. On February 11, BIP 360, called “Pay to Merkle Root,” was published. It introduces a new type of Bitcoin address that keeps public keys hidden until a transaction is spent, reducing the risk of quantum hacking. Quantum computers could, in theory, reverse-engineer private keys from exposed public keys, putting coins at risk. Experts say over $415 billion worth of Bitcoin could be vulnerable if no action is taken. The proposal doesn’t make immediate changes. It’s the first step in a roadmap toward quantum…
Bitcoin is facing a critical moment as prices fall sharply. A senior executive from Kraken has warned that Bitcoin could drop below $60,000 if the current trend continues. Matt Howells-Barby, Vice President at Kraken, said Bitcoin is going through a strong correction. He compared the drop to recent declines in stock markets. He said global tariff tensions and geopolitical uncertainty are adding pressure on crypto prices. Bitcoin has already fallen about 5% in just a few days. Analysts say the $60,000 level is now a key support zone. If Bitcoin falls below this level, it could slide further into the…
XRP is standing out while most crypto funds are losing money. XRP investment products attracted about $3.5 million in inflows last week. At the same time, the wider crypto market saw total outflows of $288 million. The data comes from digital asset manager CoinShares. The report shows this is now the fifth straight week of crypto fund withdrawals. Around $4 billion has left crypto investment products during this period. Bitcoin was hit the hardest. Bitcoin funds lost $215 million in one week. This pushed total Bitcoin outflows this year to about $1.3 billion. Ethereum also saw $36.5 million leave its…
Dogecoin could fall to $0.06 as technical signals turn bearish. A crypto analyst shared a chart showing warning signs that suggest the popular memecoin may drop further. The chart shows Dogecoin trading below several important moving averages. These include the 8-period EMA, 34-period EMA, 50-period SMA, and 200-period SMA. This setup usually signals weakness and shows sellers are in control. Dogecoin is also trading near the lower edge of the Bollinger Bands. This suggests continued downward pressure. When prices stay near the lower band, it often means the asset is struggling to recover. Trading volume is also low, which adds…