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Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestVote to help HTX win & share 300 USDT!Stablecoin issuer Circle faces lawsuit over $230M Drift Protocol hack Circle Internet Gr

Stablecoin issuer Circle faces lawsuit over $230M Drift Protocol hack


Circle Internet Group is facing a class action lawsuit led by a Drift Protocol investor claiming it failed to freeze funds stolen in a $280 million exploit of the protocol on April 1.

The lawsuit was filed by Drift investor Joshua McCollum on behalf of over 100 members in a US district court in Massachusetts on Wednesday, which accused Circle of allowing the attackers to transfer about $230 million worth of $USDC ($USDC) from Solana to Ethereum via Circle’s Cross-Chain Transfer Protocol (CCTP) over several hours without intervention.

“Circle permitted this criminal use of its technology and services,” attorneys representing McCollum wrote, adding: “These losses would not have occurred, or would have been substantially reduced, had Circle taken timely action.”

The suit accuses Circle of aiding and abetting conversion as well as negligence. Mira Gibb, the law firm representing McCollum and other Drift investors, is seeking damages, with the final amount to be determined at trial.

The case touches on a legal grey area around crypto companies that retain control over user funds. While such companies may have the technical ability to intervene or freeze assets, they often cite regulatory constraints or the lack of immediate legal authority as reasons for inaction — leaving accountability unclear as exploits unfold in real-time.

Source: James Seyffart

McCollum’s lawyers pointed out that Circle froze 16 $USDC wallets in connection with a sealed US civil case about a week before the Drift incident to argue that Circle had the technical capacity to do the same.

Cointelegraph reached out to Circle for comment, but didn’t receive an immediate response.

Crypto analytics firm Elliptic suspected the exploit was committed by North Korean state-backed hackers, who made over 100 transacti

Stablecoin issuer Circle faces lawsuit over $230M

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#Midnight is now live, marking the public arrival of a blockchain designed for real-world financial activity, much of which cannot operate comfortably on fully transparent ledgers. With its genesis bl

#Midnight is now live, marking the public arrival of a blockchain designed for real-world financial activity, much of which cannot operate comfortably on fully transparent ledgers. With its genesis block created on March 17, 2026, Midnight is now live as a fourth-generation blockchain built for real-world adoption, combining programmable privacy, a predictable cost model, and tools designed to make advanced cryptography easier to use in real applications. Public blockchains brought openness and programmability to digital assets, but large parts of finance and other regulated sectors like health care still require confidentiality, selective disclosure, and cost visibility before they can function comfortably on-chain. Midnight’s launch is the first live step in showing how that model could work in deployed systems. For now, the network is live, the architecture is visible, and users can start examining how privacy is handled at the protocol level. Why Privacy Sits at the Center of Midnight’s Launch The strongest argument behind Midnight’s launch is that public blockchain design still leaves a large share of real-world economic activity stranded off chain. Many financial and commercial workflows cannot operate comfortably on a ledger where balances, counterparties, transaction flows, and supporting data are exposed by default. At the center of Midnight’s design is the idea that more assets and activity can move on-chain only when privacy is built directly into applications and compliance logic. Its model is built around hybrid ledger architecture, client-side proof generation, shielded and unshielded assets, and selective disclosure. The idea is to let sensitive data stay with the user while the network verifies claims about that data cryptographically. A user or institution could prove identity, eligibility, credit conditions, or compliance status without publishing the underlying records to the chain. Midnight also says visibility can be granted to specific authoris

Midnight is now live, marking the public arrival o

Vote to help HTX win & share 300 USDT!

On April 17, U.S. President Trump gave high praise to Treasury Secretary Mnuchin, stating, "Mnuchin's job is indeed not easy. When Mnuchin speaks, the entire market calms down. But when I speak, the m

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A marketing firm co-founded by former White House crypto adviser Bo Hines received $3 million from a

Crypto PAC Linked To Tether Secures $11M From Financial Institutions

Join HTX Square to Define Web4

On April 17, Morgan Stanley analysts stated in a report that TSMC's capital expenditure could reach $200 billion from 2026 to 2028. They noted that TSMC has been aggressively expanding its production 

Morgan Stanley: TSMC's Capital Expenditure May Reach $200 Billion from 2026 to 2028

Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestVote to help HTX win & share 300 USDT!Why is Injective (INJ) surging 10% after US futures launch? Injective ($INJ) has recorde

Why is Injective (INJ) surging 10% after US futures launch?



Injective ($INJ) has recorded a sharp upward move over the past 24 hours, climbing more than 10% to trade above $3.30.

By the latest session, $INJ peaked around $3.41 before stabilising near $3.35, showing strong intraday demand and elevated trading activity.

The token’s sudden strength stood out in an otherwise quiet crypto market, where most major assets were largely flat.

The price surge was not random. It came shortly after the launch of US-regulated futures contracts on Bitnomial, a CFTC-regulated exchange.

https://twitter.com/injective/status/2044417942423552331?s=20

The launch of US-regulated $INJ futures contracts on Bitnomial

The introduction of $INJ futures on a CFTC-regulated platform marks a meaningful step forward for the asset’s positioning in the broader crypto market.

It places Injective alongside a small group of major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP, that already have regulated futures markets in the United States.

This matters because regulated futures products open the door to institutional participation in a way that spot markets alone often cannot.

Hedge funds, trading firms, and asset managers can now gain exposure to $INJ without directly holding the token.

That reduces custody friction and expands the range of strategies that can be built around the asset, including hedging and leveraged positioning.

More importantly, the launch also begins what many traders refer to as a “track record window.”

This is a period where trading activity in regulated futures markets is monitored over time.

In practice, this can play a role in strengthening the case for future exchange-traded products, including potential ETF-related structures.

$INJ price technical analysis

Following the ETF news, $INJ’s price has broken 

Why is Injective (INJ) surging 10% after US future

Bitcoin Up 2 Weeks: Beginning or End?HTX Community Spring Creation ContestVote to help HTX win & share 300 USDT!Grayscale Predicts Elon Musk’s X Could Use Crypto to Power Next Wave of Financial Ecosys

Grayscale Predicts Elon Musk’s X Could Use Crypto to Power Next Wave of Financial Ecosystems



Grayscale forecasts crypto will underpin the next wave of consumer finance as platforms evolve into unified ecosystems. Elon Musk’s X is positioned to benefit, with smart cashtags and planned payments signaling growing momentum for deeper digital asset integration.

Key Takeaways:

Grayscale predicts crypto will anchor future consumer finance platforms.

X is advancing cashtags to integrate trading within social activity.

Platforms like Telegram and Coinbase are accelerating crypto competition.

X Smart Cashtags Drive Financial Ecosystem Expansion

Crypto integration is increasingly shaping the future of multifunctional consumer platforms, signaling a shift toward more unified financial ecosystems. Elon Musk’s X sits at the center of that transition, according to digital asset manager Grayscale Investments’ April 16 analysis. Head of Research Zach Pandl examined the platform’s expanding capabilities, with a focus on smart cashtags and their potential role in broadening financial services within social apps.

Pandl explained how the feature could connect social activity with investing, stating:

“We believe that crypto will play a central role in this evolution.”

The remark refers to X’s shift from a content platform toward a more integrated financial ecosystem. Smart cashtags let users interact with asset tickers such as bitcoin directly within posts, linking conversation with execution. Price data and charts are available in the U.S. and Canada on iPhone, while trading is available in Canada through Wealthsimple.

Musk stated on social media platform X on March 10: “X Money early public access will launch next month.” The post points to near-term plans for the rollout of a payments layer tied to the broader ecosystem. However, Musk has not disclosed wha

Grayscale Predicts Elon Musk’s X Could Use Crypto

On April 17, according to HTX market information, Bitcoin fluctuated around $75,000, currently reported at $75,019, with a 24-hour increase of 0.45%. The altcoin market has begun a rotation rally, fol

Altcoins Experience Rotation Rally, MOVR Surges Over 202% in 24 Hours

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edge soared to 1.2742 USDT, a new high with a 24-hour increase of 13.45%. It currently trades at 1.1689 USDT on HTX.

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