Crypto World
Trump-backed WLFI Token Surges 23% Ahead of Mar-a-Lago Crypto Forum
In a private Florida gathering at Mar-a-Lago, lawmakers, industry executives, and crypto leaders converged to discuss the policy terrain shaping the United States’ approach to digital assets. The forum, organized by World Liberty Financial—the company led by Donald Trump’s two eldest sons—put a spotlight on how Washington plans to regulate markets, custody, and the evolving landscape of tokenized assets. In the lead-up to the event, World Liberty’s WLFI token surged more than 23%, trading around $0.12 after topping $466 million in volume over the prior 24 hours. The gathering drew co-founders Eric Trump and Donald Trump Jr., Coinbase CEO Brian Armstrong, BitGo co-founder and CEO Mike Belshe, and CFTC Chair Michael Selig, among others, signaling a melding of political influence and entrepreneurial crypto interests.
The setting—a private club forum rather than a public hearing—did not keep the subject from the spotlight. Participants were slated to address a broad array of policy issues central to the crypto economy, from market structure and regulation to concerns about stablecoin yields and the oversight framework for digital assets. As lawmakers debate a comprehensive digital asset market structure bill, Selig is scheduled to engage with New York Stock Exchange President Lynn Martin to discuss provisions that would clarify how the Commodity Futures Trading Commission and the Securities and Exchange Commission oversee the space.
While the guest list underscored bipartisan interest in crypto policy, President Trump himself was not listed as a participant as of Wednesday morning. The event nonetheless underscored the president’s family’s ongoing entanglement with crypto ventures, a dynamic that has drawn scrutiny and speculation from observers and policymakers alike. It comes at a moment when several Democratic senators are pushing to ensure that the market structure bill includes robust safeguards around conflicts of interest for lawmakers and officials who stand to benefit from crypto industry activity while in office. The push reflects a broader debate about how to align regulatory clarity with accountability in a fast-moving sector.
The conversation happened against a broader policy backdrop. In January, the Senate Agriculture Committee—responsible for CFTC oversight—advanced its version of the market structure bill along partisan lines, with no Democrats voting in favor. Separately, the Senate Banking Committee postponed its markup after Coinbase CEO Brian Armstrong raised concerns about tokenized equities and decentralized finance within the bill’s framework. The tension between promoting innovation and establishing guardrails remains a central feature of the policy discourse surrounding digital assets.
Beyond policy specifics, the forum touched on a wider narrative: the growing convergence of politics and crypto finance. Media coverage has highlighted the rising fortunes tied to crypto projects associated with the Trump family; Bloomberg reporters have cited substantial revenue tied to crypto ventures since 2025. In 2019, Trump himself characterized Bitcoin as “not a fan” and described the cryptocurrency as a “scam” after stepping away from office, a stance that has since given way to a more active, albeit cautious, engagement with the asset class in various public and private channels.
Key takeaways
- World Liberty Financial’s WLFI token jumped about 23% ahead of the forum, reaching roughly $0.12 amid a 24-hour trading volume above $466 million, signaling notable market attention around the event.
- The attendee roster blended political figures with crypto executives, including Eric Trump, Donald Trump Jr., Coinbase’s Brian Armstrong, BitGo’s Mike Belshe, and CFTC Chair Michael Selig, underscoring the policy-business nexus in the space.
- The gathering occurred as the US contemplates a comprehensive digital asset market structure bill; policymakers discussed how the CFTC and SEC should oversee digital assets, with Selig engaging NYSE President Lynn Martin on bill provisions.
- Democratic lawmakers are pressing for amendments to address conflicts of interest among public officials profiting from crypto, highlighting governance concerns amid bills still under consideration.
- Public narratives around Trump’s crypto involvement—contrasted with his past comments about Bitcoin—illustrate the evolving political calculus around crypto ventures and regulation.
Tickers mentioned: $BTC
Price impact: Positive. WLFI’s 23% surge ahead of the forum reflects market anticipation around policy developments and the profile of attendees.
Market context: The event sits within a broader regulatory debate about how the US should supervise digital assets, with ongoing discussions over market structure, stablecoin governance, and the boundaries between innovation and investor protection in a rapidly evolving space.
Why it matters
The dynamic at Mar-a-Lago illustrates how policy, politics, and market activity are increasingly interwoven in crypto. For investors, the WLFI price move signals that markets are listening to policy signals and that high-profile policy conversations can move tokenized assets and related markets in the short term. For builders and issuers, the discussions spotlight the priority of clear, implementable regulations that reduce ambiguity for product development, token structures, and custody arrangements, while preserving room for innovation.
For policymakers, the event underscores the challenge of balancing competitive US leadership in digital finance with robust safeguards. The push from some senators to tighten conflicts-of-interest provisions signals a demand for greater accountability as the sector grows more entwined with political actors and public policy. The dialogue around how to adjudicate tokenized assets, stablecoins, and prediction markets remains unsettled, but the cross-party interest in clarifying oversight points to a longer, structured path toward regulatory clarity.
In a broader sense, the gathering reflects a sector-wide trend toward closer collaboration between industry veterans and policymakers, a development that could shape the pace and direction of future legislation. The intersection of family-led business ventures, public policy, and major exchanges adds a layer of visibility that may influence investor sentiment, regulatory expectations, and the strategic decisions of market participants in the months ahead.
What to watch next
- Follow the progression of the market structure bill in the Senate, including any markup dates and committee votes.
- Track statements or amendments from lawmakers on conflicts-of-interest provisions for officials in crypto-related roles.
- Monitor updates from the CFTC and SEC on supervisory approaches to digital assets, including any new guidance on tokenized products or stablecoins.
- Observe WLFI’s trading activity and any official updates from World Liberty Financial regarding the token’s supply and use cases.
- Watch for additional disclosures from figures involved in the forum and any resulting policy white papers or draft legislation.
Sources & verification
- World Liberty Financial’s X post announcing the event and attendees: https://x.com/worldlibertyfi/status/2024129983162048855
- Democrats file amendments to crypto market structure bill: https://cointelegraph.com/news/democrats-file-amendments-crypto-market-structure
- CFTC Chair Michael Selig’s remarks on prediction markets: https://cointelegraph.com/news/cftc-michael-selig-defending-prediction-markets
- Bloomberg feature on Trump family crypto involvement: https://www.bloomberg.com/news/features/2026-01-20/donald-trump-family-net-worth-increasingly-comes-from-crypto
- Trump’s past Bitcoin stance and related coverage: https://cointelegraph.com/news/trump-bitcoin-u-turn-critic-became-pump-signal
Key figures and next steps: policy momentum at a private crypto forum
The gathering at Mar-a-Lago illustrates how the policy conversation has moved from abstract debate to a more concrete, event-driven engagement among policymakers, executives, and investors. As the US continues to refine its approach to market structure, custody, and the oversight of digital assets, the interplay between political action and market dynamics will likely intensify. Observers will be watching not only the outcomes of committee discussions and potential amendments but also how market participants respond to the evolving regulatory signals that emerge from such high-profile, private interlocutors.
Crypto World
Ethereum Protocol Restructures Into Three Tracks to Drive Scaling and Security Goals in 2026
TLDR:
- Ethereum shipped Pectra and Fusaka in 2025, doubling blob throughput and enabling validator data sampling via PeerDAS.
- The new Scale track merges L1 and blob scaling efforts, targeting gas limits beyond 100M under unified leadership.
- The Improve UX track advances native account abstraction and cross-L2 interoperability as top priorities for 2026.
- The new Harden the L1 track addresses post-quantum security, censorship resistance, and network testing infrastructure.
Ethereum Protocol has announced a major structural shift heading into 2026. The Ethereum Foundation’s Protocol team has reorganized its work into three core tracks: Scale, Improve UX, and Harden the L1.
This follows a productive 2025 that saw two major network upgrades shipped. The restructuring reflects a more mature approach to developing Ethereum’s infrastructure. It also sets a clear roadmap for the year ahead, covering scaling, usability, and network security.
Ethereum Protocol Reflects on a Productive 2025
Ethereum Protocol shipped two major upgrades in 2025: Pectra in May and Fusaka in December. Pectra introduced EIP-7702, allowing externally owned accounts to temporarily execute smart contract code.
This enabled transaction batching, gas sponsorship, and social recovery for users. Pectra also doubled blob throughput and raised the max effective validator balance to 2,048 ETH.
Fusaka brought PeerDAS to mainnet, changing how validators handle blob data. Instead of downloading full blob data, validators now sample it, cutting bandwidth requirements.
This change enabled an 8x increase in theoretical blob capacity. Two additional Blob Parameter Only forks shipped alongside Fusaka to begin ramping up blobs per block.
Beyond the two forks, the mainnet gas limit rose from 30M to 60M during 2025. This marked the first meaningful gas limit increase since 2021.
History expiry also removed pre-Merge data from full nodes, saving hundreds of gigabytes of disk space. On the UX side, the Open Intents Framework reached production and cross-chain address standards moved forward.
These milestones made 2025 one of the most active years at the Ethereum protocol level. With those deliverables behind it, the team saw an opportunity to restructure.
The new track model moves away from milestone-driven initiatives. It instead organizes work around longer-term goals.
Three Tracks Now Guide Ethereum Protocol’s Direction
The Scale track merges what were previously two separate efforts: Scale L1 and Scale Blobs. Led by Ansgar Dietrichs, Marius van der Wijden, and Raúl Kripalani, it targets gas limits beyond 100M.
The track also covers ePBS, zkEVM attester client development, and statelessness research. Blob scaling and execution scaling are treated as one connected effort.
The Improve UX track, led by Barnabé Monnot and Matt Garnett, focuses on account abstraction and interoperability. EIP-7701 and EIP-8141 are pushing smart account logic directly into the protocol.
Work here also connects to post-quantum readiness, since native account abstraction offers a natural path away from ECDSA. Cross-L2 interactions and faster confirmations remain central priorities.
The Harden the L1 track is entirely new and is led by Fredrik Svantes, Parithosh Jayanthi, and Thomas Thiery. Fredrik leads the Trillion Dollar Security Initiative, covering post-quantum hardening and trustless RPCs.
Thomas focuses on censorship resistance research, including FOCIL (EIP-7805) and measurable resistance metrics. Parithosh oversees devnets, testnets, and client interoperability testing infrastructure.
Glamsterdam is the next planned network upgrade, targeting the first half of 2026. Hegotá is expected to follow later in the year.
Crypto World
Why Pi Network Coin is pumping as crypto prices remain muted
Pi Network Coin’s price is surging this month, even as the broader crypto market remains muted, with Bitcoin stuck at $67,000.
Summary
- Pi Network Coin price has rebounded by nearly 50% from its lowest level this month.
- The network will celebrate the first year anniversary of the mainnet launch on Friday.
- There are rising odds that it will be listed by Kraken, a top US exchange.
Pi Coin (PI) token jumped to a high of $0.20 on Wednesday, February 18, up by nearly 50% from its lowest level this month. This rally has brought its market capitalization to over $1.68 billion.
Pi Network is soaring as several important factors converge. First, the network will celebrate the first anniversary of its mainnet launch this Friday. As such, there is a likelihood the developers will make a major announcement to mark this occasion.
Second, there is a likelihood that Kraken, an American crypto exchange valued at over $20 billion, will list it later this year. Kraken added it to the chain section of the listing roadmap page.
A Kraken listing would be a big deal, as it would expose it to American investors, since it is now listed on exchanges like OKX, MEXC, and Gate, which have a negligible market share in the country. It would also raise the possibility of being listed by other companies, such as Binance and Coinbase.
Pi Coin’s price is soaring ahead of the first validator rewards distribution, which will occur in March this year. The risk, however, is that many of these validators may decide to sell their rewards.
Pi is also rising after developers began implementing a major network upgrade, as it transitions from Protocol 19 of the Stellar Network Consensus to Protocol 23. The first stage of the upgrade started on Sunday, and the process may continue in the coming weeks.
Meanwhile, data compiled by PiScan shows that the pace of token unlocks will continue to fall over the next few months. 109 million tokens will be unlocked in the remainder of February, followed by 104 million in March, 86 million in April, and 78 million in May.
Pi Network Coin price technical analysis

The 12-hour chart shows that the Pi Network Coin price has rebounded in the past few weeks, moving from a low of $0.1300 to the current $0.1870. It has flipped the Supertrend indicator from red to green for the first time since October last year.
The coin has also jumped above the 50-period and 100-period moving averages, and is slowly forming a bullish pennant pattern. It is also hovering at the 38.2% Fibonacci Retracement level.
Therefore, the coin may continue rising as bulls target the next key resistance level at $0.2055, its lowest level this month. This target aligns with the 50% Fibonacci Retracement level.
Crypto World
Crypto Lobby Forms Working Group to Push for Prediction Market Regulatory Clarity
The Digital Chamber has officially announced the Prediction Markets Working Group, a strategic unit designed to secure federal oversight for the booming wagering sector.
With individual state regulators cracking down on prediction market platforms, the group is pushing for the Commodity Futures Trading Commission (CFTC) to take exclusive control to end the fragmentation of the market.
Key Takeaways
- New Defense Unit: The Digital Chamber forms a specialized group to defend prediction markets against state-level bans.
- Primary Goal: Advocating for CFTC supremacy over fragmented state gaming commission enforcement.
- First Move: Strategic letter sent to CFTC Chair Mike Selig urging tailored federal rulemaking over litigation.
What’s Happening to U.S. Prediction Markets Now?
The regulatory turf war has reached a boiling point. While volumes on decentralized platforms explode, state regulators are effectively trying to shut the sector down.
Just recently, the Nevada Gaming Control Board hit Kalshi with a civil enforcement action, seeking an injunction against what they term “unlicensed wagering.”
This creates a hostile environment for traders. Platforms are caught between federal compliance efforts and aggressive state gaming commissions claiming jurisdiction.
The Digital Chamber’s move is a direct response to this chaos, aiming to consolidate oversight under federal law rather than state gambling statutes.
The Mechanics of the Push
The group’s immediate strategy involves aggressive advocacy and litigation support. In the announcement released Tuesday, the Digital Chamber outlined plans to file “friend-of-the-court” briefs to educate judges on the CFTC’s historic regulatory exclusivity.
Their first official action was sending a letter to CFTC Chairman Mike Selig. The group praised Selig’s stance on maintaining federal jurisdiction but demanded an end to regulation by enforcement.
“For too long, operators in this space have navigated a maze of regulatory ambiguity, including unclear overlaps between federal and state regulators,” the group stated.
This initiative parallels broader legislative efforts. While Trump wants a market structure bill soon, this working group seeks to define prediction markets strictly as financial derivatives, not gambling products.
Discover: The hottest meme coins on Solana right now.
What Happens Next for Traders?
If the working group succeeds in establishing federal oversight, it opens the floodgates for institutional capital.
A clear mandate from the CFTC would remove the “gambling” stigma and allow US-based traders deeper access to liquid markets without fear of sudden platform geo-blocking.
However, the legal battles will likely drag on. While international jurisdictions move quickly, evident as Germany and the EU solidify frameworks like MiCA, the US remains stuck in litigation.
The next thing to look out for will be the CFTC’s response to the Digital Chamber’s letter.
Any signal of formal rulemaking could be a bullish catalyst for governance tokens associated with prediction platforms.
Discover: The next crypto to explode.
The post Crypto Lobby Forms Working Group to Push for Prediction Market Regulatory Clarity appeared first on Cryptonews.
Crypto World
Fed minutes January 2026:
Divided Federal Reserve officials at their January meeting indicated that further interest rate cuts should be paused for now and could resume later in the year only if inflation cooperates.
While the decision to hold the central bank’s benchmark rate steady mostly was met with approval, the path ahead appeared less certain, with members conflicted between fighting inflation and supporting the labor market, according to minutes released Wednesday from the Jan. 27-28 Federal Open Market Committee meeting.
“In considering the outlook for monetary policy, several participants commented that further downward adjustments to the target range for the federal funds rate would likely be appropriate if inflation were to decline in line with their expectations,” the meeting summary said.
However, meeting participants disagreed on where policy should head, with officials debating over whether the focus should be more on fighting inflation or supporting the labor market.
“Some participants commented that it would likely be appropriate to hold the policy rate steady for some time as the Committee carefully assesses incoming data, and a number of these participants judged that additional policy easing may not be warranted until there was clear indication that the progress of disinflation was firmly back on track,” the minutes said.
Moreover, some even entertained the notion that rate hikes could be on the table and wanted the post-meeting statement to more closely reflect “a two-sided description of the Committee’s future interest rate decisions.”
Such a description would have reflected “the possibility that upward adjustments to the target range for the federal funds rate could be appropriate if inflation remains at above-target levels.”
The Fed reduced its benchmark borrowing rate by three-quarters of a percentage point in consecutive cuts in September, October and December. Those moves put the key rate in a range between 3.5%-3.75%.
The meeting was the first for a new voting cast of regional presidents, at least two of whom, Lorie Logan of Dallas and Beth Hammack of Cleveland, have publicly said they think they Fed should be on hold indefinitely. Both have said they see inflation as a continuing threat and should be the focus of policy now. All 19 governors and regional presidents participate at the meeting, but only 12 vote.
With the Fed already split along ideological lines, the fissure could grow deeper if former Governor Kevin Warsh is confirmed as the next central bank chair. Warsh has spoken in favor of lower rates, a position also supported by current Governors Stephen Miran and Christopher Waller. Both Waller and Miran voted against the January decision, preferring instead another quarter-point cut. Current Chair Jerome Powell‘s term ends in May.
The meeting minutes do not identify individual participants and featured an array of characterizations to describe positions, rotating between “some,” “a few,” “many” and even featured two rare references to “a vast majority.”
Participants generally expected inflation to come down through the year, “though the pace and timing of this decline remained uncertain.” They noted the impact tariffs were having on prices and said they expected the impact to wane as the year goes by.
“Most participants, however, cautioned that progress toward the Committee’s 2 percent objective might be slower and more uneven than generally expected and judged that the risk of inflation running persistently above the Committee’s objective was meaningful,” the document said.
At the meeting, the rate-setting FOMC adjusted some of the language in its post-meeting statement. The changes noted that the risks to inflation and the labor market had come more closely into balance, softening prior worries over the employment picture.
Since the meeting, labor data has been a mixed bag, with indications that private sector job creation is slowing further and that the meager growth is coming almost entirely from the health-care sector. However, the unemployment rate dipped to 4.3% in January and nonfarm payroll growth was stronger than expected.
On inflation, the Fed’s key personal consumption expenditures prices metric has been mired around 3%. However, a report last week showed that the consumer price index when excluding food and energy prices was at its lowest in nearly five years.
Futures traders are placing the best bet for the next cut to come in June, with another in September or October, according to the CME Group’s FedWatch gauge.
Crypto World
XRP gains momentum as Arizona moves to add it to state crypto reserve
- XRP has held strong near $1.40 despite mixed market signals.
- Key resistance levels to watch are $1.50, $1.54, and $1.91.
- Arizona has proposed to include XRP in a state-managed crypto reserve fund.
XRP cryptocurrency has held steady above $1.40, showing resilience despite a broadly cautious market.
Recent developments in US policy have added a fresh layer of optimism for XRP enthusiasts.
Arizona advances bill to include XRP in state reserve
Arizona lawmakers are moving forward with legislation that could formally include XRP in a state-managed digital assets fund.
The proposal seeks to create a strategic reserve for digital currencies obtained through seizures or confiscations.
XRP, alongside Bitcoin (BTC), is explicitly listed as an eligible asset.
🚨BREAKING: ARIZONA ADVANCES BILL TO ADD XRP TO OFFICIAL STATE DIGITAL ASSET RESERVE 🇺🇸🔥
Arizona’s Digital Assets Strategic Reserve Fund bill (SB1649) just CLEARED the Senate Finance Committee in a 4–2 vote — and it explicitly includes $XRP in the RESERVE. 👀
The bill now… pic.twitter.com/2x8uVH6LXD
— Diana (@InvestWithD) February 17, 2026
The bill recently passed a key Senate committee in a 4-2 vote, marking a significant step forward.
If enacted, the fund would be managed by the state treasurer with strict custodial oversight.
This move would make Arizona one of the first US states to formally reference XRP in a government financial framework.
For XRP holders, this development is largely symbolic.
The state would not be directly purchasing XRP with taxpayer money, but inclusion in the reserve adds credibility.
It reinforces XRP’s reputation as a functional and settlement-oriented digital asset rather than just a speculative token.
Market activity signals caution
XRP’s short-term price action has been mixed.
The coin is supported around $1.40 to $1.44, creating a key floor that traders are watching closely.
Exchange outflows suggest accumulation by larger holders, while smaller whales have added to their balances, hinting at potential upward pressure.
Technical indicators show both bullish and bearish signals.
Momentum oscillators suggest limited buying activity in the short term, but longer-term smart money metrics point to possible gains.
Patterns on the charts indicate that a break below $1.42 could trigger a short-term pullback toward $1.12.
At the same time, if support holds, traders could see upside targets near $1.91 and $2.13.
XRP has been rangebound for the past month, but the combination of policy developments and structural market accumulation could push it higher.
XRP price prediction
Policy developments in Arizona, combined with accumulation patterns and technical support, may give XRP the momentum it needs to challenge its next resistance levels.
Traders should watch the $1.40–$1.44 support zone closely.
A strong hold here could set the stage for a breakout.
The resistance levels to monitor are $1.50 and $1.54 in the near term.
Beyond that, the next targets are $1.67 and $1.91.
These levels align with smart money accumulation and historical trading ranges.
A sustained move above $2.00 could signal a return of broader bullish sentiment.
Overall, XRP’s price is poised in a delicate balance.
Short-term caution is warranted, but medium-term prospects look promising.
Crypto World
Riot Platform‘s AI/HPC Push could Net up to $21B, Says Stockholder
An activist Riot Platform shareholder is pressing the crypto mining company to accelerate its pivot to high-performance computing (HPC) and artificial intelligence.
In a Wednesday letter to executives, Starboard Value, which holds about 12.7 million shares of Riot, said that the company could generate between $9 billion to $21 billion in equity value contribution from AI/HPC data centers in Texas. The shareholder said that “time is of the essence,” stressing urgency in getting “more material deals completed” as it moves deeper into AI and HPC.
“With 1.4 [gigawatts] of gross capacity remaining to be monetized, Riot is in an enviable position – but it must execute with excellence and urgency,” said Starboard. “We believe Riot should be able to attract high-quality tenants for tier-3 data centers with terms similar to or better than the peer transactions announced towards the end of 2025.”

Starboard referred to Riot’s primary sites in Corsicana and Rockdale, Texas, where other crypto miners also operate due to low energy costs and friendly regulations.
At Wednesday’s Nasdaq market open, Riot’s share price surged and were up by almost 6%, at the time of publication. Industry tracker CoinShares Bitcoin Mining ETF was down less than 1%, by comparison.
Related: Moonwell hit by $1.78M exploit as AI vibe coding debate reaches DeFi
“The recently announced transaction with Advanced Micro Devices […] is a positive signal and confirms our views regarding the intrinsic value of Riot’s key sites, but it is a small proof of concept deal, and we, like you, expect significantly more,” said Starboard, referring to a data center lease and services agreement announced in January.
Many mining companies pivoting away from crypto
Riot Platforms is not the only crypto company shifting some of its operations into AI and HPC amid increasing mining difficulty and other costs. CleanSpark, MARA Holdings, Core Scientific, Hut 8, and TeraWulf repurposed some of their infrastructure or announced similar plans in a move toward AI.
Cango, another Bitcoin miner, sold $305 million worth of its BTC holdings last week in part to fund its planned expansion into AI and HPC.
Magazine: IronClaw rivals OpenClaw, Olas launches bots for Polymarket — AI Eye
Crypto World
Oracle Error Leaves DeFi Lender Moonwell With $1.8 Million in Bad Debt
A critical oracle pricing glitch has left decentralized lending platform Moonwell grappling with nearly $1.8 million in bad debt.
A misconfigured oracle briefly valued Coinbase Wrapped ETH (cbETH) at just $1 Sunday morning, triggering a sudden cascade of liquidations, in a sobering reminder of the fragility lurking in DeFi infrastructure.
Key Takeaways
- Oracle Failure: A configuration error in Chainlink OEV wrapper contracts caused the system to price $2,200 cbETH at a 99.9% discount.
- Bad Debt Event: Liquidators seized collateral by repaying mere pennies on the dollar, wiping out 1,096 cbETH and leaving the protocol with $1.78 million in bad debt.
- Risk Signal: The incident highlights systemic liquidity risks, mirroring concerns seen as BlockFills freezes withdrawals due to counterparty exposure.
What Caused the Oracle Failure on Moonwell?
According to the postmortem on Moonwell’s Discord, the trouble started Sunday at 6:01 PM UTC following the execution of governance proposal MIP-X43. This upgrade enabled Chainlink OEV wrapper contracts on Base and Optimism, but one feed contained a fatal flaw.
According to risk management firm Anthias Labs, the system failed to multiply the cbETH/ETH exchange rate by the ETH/USD price. Instead, it used the raw exchange rate directly.
This resulted in the oracle reporting a price of roughly $1.12 for an asset trading near $2,200.
Reports indicate the flawed code layout may have been generated by AI tools, specifically Claude Opus 4.6, raising serious questions about audit verification standards for generated code.
Breaking Down the $1.8M Bad Debt
Trading bots immediately pounced on the discrepancy. With the system believing cbETH was worth barely a dollar, liquidators repaid roughly $1 of debt to seize massive amounts of collateral.
In total, 1,096 cbETH was wiped out. That effectively erased the collateral for many borrowers while leaving the protocol holding the bag for the unpaid loan value.
Moonwell’s risk manager, Anthias Labs, moved fast to contain the bleeding. They reduced supply and borrow caps to 0.01 to prevent new users from entering the broken market.
This type of sudden liquidation cascade shows why Ethereum faces crash risks whenever on-chain leverage is mispriced.
Discover: The best new crypto on the market
What This Means for DeFi Lenders
While Moonwell operates across multiple chains with over $90 million in TVL, this incident shakes confidence in automated governance execution. Users must now wait for a governance vote to fix the configuration.
This is not an isolated event. It follows a trend of oracle-related exploits, reinforcing why decentralized protocol security is just as critical as centralized solvency.
The crypto market structure is currently fragile, evidenced by data showing Binance controls 65% of CEX stablecoin reserves.
When liquidity is concentrated and validation fails, the fallout is instant. For yield farmers, this is a signal to check whether your protocol’s code was written by a human or a chatbot before depositing.
Discover: The best meme coins in the world.
The post Oracle Error Leaves DeFi Lender Moonwell With $1.8 Million in Bad Debt appeared first on Cryptonews.
Crypto World
BTC ETH XRP BNB SOL DOGE BCH ADA HYPE XMR
Bitcoin (CRYPTO: BTC) continues to face selling pressure as it tries to defend a key zone around $67,000, with bears pressing at every incline. The $65,118 support remains a focal point for downside risk, while the upside faces hurdles near $72,000 and $74,508. The longer-term picture is complicated by a pair of moving averages that traders watch closely: the 200-week simple moving average sits near $58,371, while the 200-week exponential moving average hovers around $68,065. The current positioning near the 200-week EMA has prompted some analysts to suggest that BTC may be near a bottom, even as near-term momentum remains fragile.
Analysts have pointed to long-run price action to argue that a bottom could be forming. On X, analyst Jelle observed that almost all of BTC’s significant bottoms formed within the range defined by the 200-week SMA and the 200-week EMA, and he noted that trading near the 200-week EMA might indicate that the bottoming process has begun. That view is echoed by others who study short- and mid-term cycles, suggesting that a durable bottom could be emerging even if volatility remains elevated in the near term. In tandem with this assessment, market watchers highlighted that BTC’s path remains sensitive to macro shocks and micro-structure signals as traders try to discern a durable foundation for a broader recovery.
Matrixport offered a similar read, arguing that BTC may be approaching a durable bottom as sentiment indicators flip from negative to positive. The firm noted that when its daily sentiment indicator’s 21-day moving average dips below zero and then turns upward, selling pressure tends to ease, increasing the odds of a meaningful upside attempt. While such readings do not guarantee an immediate rally, they create a frame of reference for risk-takers who seek to gauge whether sellers are drying up and buyers are growing more aggressive. The bottom line from this view is that BTC could be approaching an inflection point even if the near term still looks susceptible to downside noise.
An additional tailwind cited by a Wells Fargo analyst, Ohsung Kwon, was a potential increase in demand driven by tax refunds. In a note seen by CNBC, Kwon suggested that refunds—especially among higher-income households—could flow into equities and BTC, rekindling the so-called “YOLO” trade. The interplay between consumer liquidity and risk assets remains a critical driver of price action, and the idea that tax-related inflows could buttress a market that has struggled to sustain momentum is shaping expectations for a potential rebound.
The question on many traders’ lips is whether BTC and its leading altcoins can surmount overhead resistance and reestablish a constructive trend. The immediate challenge remains a confluence of resistance around the 20-day moving average and notable round numbers, with a potential pivot to a stronger ascent if buyers can push beyond those barriers. For BTC specifically, there is a clear roadmap: a successful push above the 20-day EMA around $72,282 and the $74,508 threshold could usher in a renewed upside, potentially opening a path to the 50-day simple moving average near $83,129. Conversely, a failure to hold above the critical $65,118 support could invite a rapid test of the next major line near $60,000, with a risk of accelerating declines if selling intensifies.
Ether (CRYPTO: ETH) has managed to keep a constructive posture above the immediate support at $1,897, suggesting that buyers are still defending the downside. The next test is the overhead zone around the 20-day EMA at $2,183. If bulls can clear that area, a more pronounced recovery could unfold toward the 50-day moving average near $2,707. A failure to hold the $1,897 floor would likely invite a renewed pullback toward the $1,750 level, with a deeper break potentially exposing the $1,537 area as a critical line in the sand for bulls to defend.
XRP (CRYPTO: XRP) has been trading just below the 20-day EMA around $1.52, signaling ongoing pressure from sellers but also a willingness among bulls to defend the line. A decisive move above the 20-day EMA and the $1.61 breakdown level could set XRP on a path toward the 50-day SMA near $1.80, keeping the pair within its current channel for now. A sustained move below the channel’s support could intensify selling and push XRP toward lower supports, testing the stability of the current range.
BNB (CRYPTO: BNB) has traded in a narrow range, reflecting indecision between buyers and sellers. A breakdown below the $570 support could signal a resumption of the downtrend, potentially dragging the pair toward the $500 psyche level. If buyers manage to push above the 20-day EMA around $676, the path could open to a rally toward $730 and then toward $790, where bears are expected to reassert control.
Solana (CRYPTO: SOL) continues to face resistance near the $95 mark, a level that has previously capped upside. A slip below $76 would be a warning sign that bears are reasserting themselves and could turn the $95 threshold into a new ceiling. Should buyers manage to push through the $95 level, the next target would likely be the 50-day SMA around $116, a level where selling pressure historically intensifies as traders reassess risk.
Dogecoin (CRYPTO: DOGE) has hovered just under the 20-day EMA at roughly $0.10, a pattern that suggests a potential breakout to the upside if selling pressure remains light. A sustained push above the $0.12 resistance could set DOGE on a course toward the 50-day SMA near $0.12 and beyond, potentially reaching the $0.16 level if buyers grow more aggressive. If price action fails to clear the $0.12 resistance, a consolidation range between roughly $0.08 and $0.12 could prevail for several sessions.
Bitcoin Cash (CRYPTO: BCH) has traded between its moving averages, signaling indecision about the next directional move. The 20-day EMA around $547 and the RSI’s intermediate position imply a possible upside breakout if demand strengthens, potentially pushing BCH toward $600 and then toward $630. A break below the 20-day EMA could invite a correction toward $500 as bears gain ground.
Hyperliquid (CRYPTO: HYPE) closed below the 20-day EMA recently, underscoring selling pressure at higher levels. The path of least resistance would depend on whether buyers can sustain a move above the 50-day SMA around $27.74; failing that, a slide toward the $20.82 support area could unfold. A breakout above the $32.50 barrier would be a bullish signal, potentially leading to a rally into the $38.42–$35.50 zone as momentum compresses in the near term.
Cardano (CRYPTO: ADA) has held near the 20-day EMA of about $0.29, suggesting that bulls are keeping the pressure on the downside. A sustained move above the 20-day EMA could carry ADA toward the downtrend line, which has historically acted as a strong resistance. If buyers manage to pierce the downtrend, the price could advance toward $0.44 and then to $0.50. Conversely, a break below the current support could push ADA down toward the $0.15 region, underscoring the risk of a renewed downleg if buyers fail to defend critical levels.
Monero (CRYPTO: XMR) has not breached the key $360 breakdown threshold, with bulls maintaining the immediate support near $309. A sustained push above the 20-day EMA around $366 could open a path toward the 50-day SMA near $449, where bears are expected to reassert themselves. A break below $309 would suggest that bears are regaining control and could test the crucial $276 support, potentially leading to a contained range if buyers respond with resilience at that level.
Crypto World
XRP price analysis as Ripple activates permissioned DEX
XRP price moved sideways on Wednesday after the developers activated the Permissioned decentralized exchange feature.
Summary
- XRP price wavered on Wednesday after the developers activated the Permissioned DEX feature.
- The launch came after the recent activation of Permissioned Domains.
- It has formed a gravestone doji candlestick pattern pointing to more downside.
Ripple (XRP) token traded at $1.4860, within the range it has held over the past few days. This price is much lower than the year-to-date high of $2.4160.
Ripple reached a major milestone today by activating the Permissioned DEX feature, a unique solution for companies in the financial services industry.
Unlike the popular DEX platforms such as Uniswap and Raydium, the Permissioned DEX allows institutions to participate in these ecosystems in a controlled way. In this, only restricted entities will be able to participate, a move intended to promote institutional compliance requirements.
The solution will have several use cases, including institutional trading, cross-border payments, and forex settlements. It will allow these institutions to trade assets, including XRP and Ripple USD, without exposing them to unvetted counterparties.
The permissioned DEX feature was activated a few days after the developers launched permissioned domains and token credentials. Permissioned domains serve as an on-ledger allowlist that controls who can participate in the XRP Ledger network. They are the core gating mechanism for the DEX feature.
All these features will help to provide the XRP token with more utility and increase its token burn.
All this is happening at a time when Ripple has increased its compliance measures, which will help it to create more partnerships with institutions. It has acquired a provisional banking charter in the United States and received several licenses, including in the UK and the European Union.
XRP price technical analysis

The daily chart shows that the XRP token has remained in a tight range in the past few days, mirroring the ongoing consolidation in the crypto industry.
It formed a gravestone doji candlestick pattern on Sunday. This candle is characterized by a long upper shadow and a small body and is a common bearish reversal sign.
The coin has remained below the 50-day and 100-day Exponential Moving Averages. It has also dropped below the Ichimoku cloud indicator and the key resistance level at $1.7873, its lowest level in November and December last year.
Therefore, the most likely XRP forecast is bearish, with the initial target being the year-to-date low of $1.1215. A move below that level will signal further downside, potentially to the psychological level at $1.
Crypto World
Sam Altman’s OpenAI unveils ‘EVMbench’ to test whether AI can keep crypto’s smart contracts safe
OpenAI is stepping deeper into crypto security with the launch of EVMbench, a new testing framework designed to measure how well artificial intelligence can understand and potentially secure smart contracts on Ethereum and similar blockchains.
Smart contracts, self-executing code deployed on blockchains like Ethereum, underpin decentralized exchanges, lending protocols and a wide range of onchain financial applications. Because these contracts are typically immutable once deployed, vulnerabilities can be serious.
EVMbench is OpenAI’s attempt to see whether modern AI systems are up to the task of helping prevent those issues. Built in collaboration with crypto investment firm Paradigm, the benchmark draws on real-world smart contract vulnerabilities previously uncovered through audits and security competitions.
The system measures performance across three core abilities: identifying security bugs, exploiting those bugs in a controlled environment and fixing the vulnerable code without breaking the contracts.
OpenAI says the goal is to establish a clear standard for evaluating AI systems in blockchain security, especially as decentralized finance continues to secure billions of dollars in user funds. The stakes for smart contracts are only rising.
“Smart contracts routinely secure $100B+ in open-source crypto assets. As AI agents improve at reading, writing, and executing code, it becomes increasingly important to measure their capabilities in economically meaningful environments, and to encourage the use of AI systems defensively to audit and strengthen deployed contracts,” OpenAI wrote in a blog post.
Read more: Most Influential: Sam Altman
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Claude Opus 4.6 wrote vulnerable code, leading to a smart contract exploit with $1.78M loss