AI-powered summaries of the day's top crypto events
Security researchers from Socket have identified an attempt by hackers to backdoor the Injective npm package, posing a significant threat to developers and applications handling Injective wallet workflows. This incident underscores the ongoing risks in the crypto ecosystem related to software supply chain attacks.
Bitcoin has increased by 4.2% over the past week, reaching close to $64,000. This rise comes despite an oil shock, a bond selloff, and geopolitical tensions, driven by a rally in chip stocks and a stronger yen, which have bolstered market sentiment.
Robinhood's blockchain platform has seen over $70 million in Ethereum bridged in its first week of operation. The move highlights Ethereum's role as a fundamental layer for tokenized assets, according to industry experts, reinforcing its position in the decentralized finance space.
Zcash is preparing for the launch of its Ironwood network upgrade on July 28, which will replace the compromised Orchard pool. This upgrade may provide insights into whether counterfeit tokens were created due to a recent bug, marking a critical step in enhancing the network's security.