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🐶⚔️ Floki (FLOKI): More Than Just a Meme Coin FLOKI is a decentralized, community-driven cryptocurrency that has evolved beyond its meme coin origins by building a growing ecosystem of products and se

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Last week, the crypto world got a jolt when on-chain investigator ZachXBT fired off an emergency alert. Polymarket's UMA Conditional Token Framework (CTF) Adapter contract on Polygon had been exploite

Last week, the crypto world got a jolt when on-chain investigator ZachXBT fired off an emergency alert. Polymarket's UMA Conditional Token Framework (CTF) Adapter contract on Polygon had been exploited, with attackers draining over $520,000 — primarily in POL tokens and USDC.e.  (CryptoRank.io) Some trackers later put the figure even higher, closer to $700K.
So what actually happened?
This wasn't a bug in the live smart contract code. The attack came down to something far more basic — a compromised old private key belonging to an internal Polymarket operations wallet. That wallet had admin privileges tied to the UMA CTF Adapter on Polygon, and the attacker used it to sign legitimate-looking transactions that quietly drained funds straight out of the adapter.  (Coin Edition)
As the attack unfolded in real time, losses climbed from $520,000 to over $660,000, with the attacker pulling roughly 5,000 POL tokens every 30 seconds. Bubblemaps, Lookonchain, and PeckShield all independently confirmed the exploit was live and ongoing.  (CoinPedia)
Here's the key distinction everyone needs to understand:
The UMA CTF Adapter is custom integration code written and deployed by Polymarket — it is not part of UMA's audited core protocol.  (Yahoo Finance) UMA's underlying system was untouched.
And the reassuring part? The leak only affected the reward functions — not the primary market resolution contracts.  (Coin Gabbar) Your open positions and settled markets were never at risk.
The UMA token still took a modest hit, dropping around 3.3% from $0.477 to $0.462 — relatively minor compared to the 15%+ crashes seen in other protocol exploits.  (AMBCrypto)
The real takeaway here isn't just about Polymarket.
This is a loud reminder that in DeFi, your smartest contract means nothing if an old wallet key is sitting exposed somewhere. Private key hygiene isn't glamorous — but it's the difference between a secure protocol and a $700K headline.


🔐 Polymarket Got Hit: $700K Drained — But Are You

Everything Can Be Huobao

Vietnam may let SMEs use digital assets to unlock bank loans 1$ Margin TradeHTX Creation Challenge — Post and Win 1,500U 💥 Vietnam’s Ministry of Finance has proposed allowing small and medium-sized en

Vietnam may let SMEs use digital assets to unlock bank loans


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Vietnam’s Ministry of Finance has proposed allowing small and medium-sized enterprises to use digital assets, virtual assets and intellectual property as collateral for bank loans.

The proposal is part of the draft revised Law on Support for SMEs, which is open for public consultation, according to Viet Nam News. The plan would widen the type of assets that businesses can use when applying for bank loans.

Under the draft, SMEs could use assets formed in the future, property rights, intellectual property rights, intangible assets, digital assets, virtual assets and other lawful assets. The change would move lending beyond the current focus on real estate and other fixed assets.



Vietnam may let SMEs use digital assets to unlock

BILL: Human-AI Collaboration Network

On May 31, Republican fintech entrepreneur Michael Carbonara sold 10 bitcoins for $800,000 to finance his congressional campaign, demonstrating his support for cryptocurrency in this critical battle a

Republican Entrepreneur Michael Carbonara Sells 10 Bitcoins to Fund Congressional Campaign

Oil prices moved lower on Friday as investors closely monitored developments surrounding a potential U.S.-Iran peace agreement. Market sentiment weakened after U.S. President Donald Trump stated that 

Oil prices moved lower on Friday as investors closely monitored developments surrounding a potential U.S.-Iran peace agreement. Market sentiment weakened after U.S. President Donald Trump stated that he would meet with senior officials to make a final decision regarding the proposed deal, creating uncertainty across global energy markets. Brent crude futures for August delivery declined 0.9% to $91.87 per barrel, while U.S. West Texas Intermediate (WTI) crude for July delivery also fell 0.9% to $88.09 per barrel. The decline added to significant monthly losses, with both benchmarks heading toward their first monthly drop since the Middle East conflict began in late February.Investor optimism over a possible diplomatic breakthrough has eased concerns about global oil supply disruptions. Hopes that shipping traffic can safely resume through the Strait of Hormuz, one of the world's most important energy transit routes, have helped reduce risk premiums in crude oil prices. President Trump said the proposed agreement would require Iran to permanently abandon nuclear weapons ambitions, reopen the Strait of Hormuz without charging tolls, and remove naval mines from the waterway. In exchange, the United States would lift its naval blockade of Iranian ports and coastlines. Trump also suggested the U.S. would assist in eliminating Iran's enriched uranium stockpiles.However, Iranian officials disputed several aspects of Trump's statements. Iran's Fars News Agency described the remarks as a combination of accurate and inaccurate claims, while state media reported that no formal negotiations had yet taken place regarding Tehran's nuclear program. Reports also indicated that a White House Situation Room meeting ended without a final decision. Despite ongoing tensions, oil prices have retreated sharply throughout May.
Market participants increasingly believe that diplomatic progress could prevent a

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Oil prices moved lower on Friday as investors clos

BOME chatter on May 31 is cautiously optimistic but neutral overall: traders watch for a breakout, whale accumulation, and volatility/long-short standoffs. With no verified May 1–31 official news, foc

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Data shows the Bitcoin loss supply has risen to 8.33 million BTC as the recently-bought tokens have 

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Data shows the Bitcoin loss supply has risen to 8.33 million BTC as the recently-bought tokens have been pushed underwater by the drawdown.Bitcoin Total Supply In Loss Has Shot Up Recentlyln a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Total Supply in Loss. This indicator measures, as its name suggests, the total amount of BTC that's currently being held at some net unrealized loss
Related Reading: SoFi Rolls Out Ethereum And Solana-Based Stablecoin To 15 Million UsersThe metric works by going through the transaction history of each token in circulation to determine the price at which it was last involved in a transfer on the blockchain. If this last selling value was more than the latest spot price for any token, then that particular coin is assumed to be held at a loss right now.The Total Supply in Loss counts up all tokens fulfilling this condition. A counterpart indicator called the Total Supply in Profit takes care of the supply of the opposite type (that is, the coins with a cost basis lower than the current price). Now, here is the chart shared by Glassnode that shows the trend in the 7-hour simple moving average (SMA) of the Bitcoin Total Supply in Loss over the last couple of year
The 7-hour SMA value of the metric seems to have been going up in recent weeks | Source:
Glassnode on XAs displayed in the above graph, the Bitcoin Total Supply in Loss observed a decline during April and the first half of May as the cryptocurrency's price enjoyed a recovery surge. At the asset's top, the underwater supply shrank to levels below 7 million BTC. For comparison, the metric neared the 10 million mark following the crash in February.
Some of the supply that had escaped the loss territory, however, are now back in the red as a result of the price drawdown that Bitcoin has face

Trusted Editorial content, reviewed by leading ind

Market dynamics show Manta Network (MANTA) advancing through its layer two scaling upgrades, while Tornado Cash (TORN) continues to attract privacy centric traders. Lido (LQTY) benefits from increased

Green light for $MORPHO buyers! 🎯💚 Look at the data: 87 Long whales are already green and in profit, while 98 Short whales are bleeding over -$103k! 🩸📉 With $MORPHO {future}(MORPHOUSDT) up +3.79% and 

$NEXO The market is heating up quietly. Volume is improving, whale activity is back, and capital looks ready to rotate again. NEXO is one I’m watching if buyers keep defending support. EP: $0.82–$0.87

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Retail Investors' 'Lead Brother' Serenity vs. Newly Minted Stock God Leopold: How Are the Two Top Hunters Mining AI's 'Physical Limits'?

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