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00:16
Crypto custody firm Copper is seeking to sell the company at an estimated valuation of 500 million dollars.
ChainCatcher News, according to CoinDesk, cryptocurrency custodian Copper is seeking to sell the company at a valuation of about $500 million and has engaged Wall Street investment bank Cantor Fitzgerald to assist with the transaction. The core asset of Copper is the ClearLoop custodial settlement system, which enables institutional clients to perform delivery versus payment (DvP) without putting assets on-chain, effectively eliminating settlement risk. The company currently has over 1,000 active counterparties and a monthly notional trading volume exceeding $50 billion. Copper had previously considered an IPO, but due to the sluggish Bitcoin price and the capital-attracting effect of the AI sector, the overall crypto IPO market remains in a wait-and-see state.
00:11
CITIC Securities: Lowering the target for normal pig inventory, capacity reduction is expected to continue
According to Golden Ten Data on May 21, a research report from CITIC Securities noted that the Ministry of Agriculture and Rural Affairs has revised and issued the Implementation Plan for the Comprehensive Regulation of Hog Production Capacity, lowering the national target for the normal stock of breeding sows to 37.5 million. The regulatory plan has been comprehensively refined, demonstrating a stronger determination to stabilize pig prices. Currently, hog prices are fluctuating at low levels. The enhanced policy efforts, combined with significant industry losses, are expected to further accelerate capacity reduction.
00:09
TAC: About 90% of the stolen assets have been recovered, operations will resume after cross-chain bridge audit is completed
According to ChainCatcher, the TON network scaling project TAC disclosed in a post that a security incident occurred on the TON-TAC asset bridge on May 11, and about 80% of the affected assets were returned four days later. Today, TAC released a post-incident analysis report detailing the events. The root cause of the vulnerability was the sequencer software lacking a validation: the attacker deployed a fake Jetton wallet on TON, and the sequencer accepted the counterfeit tokens because it failed to verify the code hash of the sender's wallet. The total loss was approximately $2.86 million, involving USDT, BLUM, and tsTON. Following a public appeal, about 90% of the assets were returned to a multi-signature address controlled by TAC on May 14, with the remaining 10% retained by the attacker.
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