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Elon Musk’s XChat, a DM replacement, faces criticism

Elon Musk’s XChat, a DM replacement, faces criticism

On June 1, Elon Musk announced the launch of the new XChat messenger “with encryption, vanishing messages and the ability to send any kind of file”. All new XChat is rolling out with encryption, vanishing messages and the ability to send any kind of file. Also, audio/video calling. This is built on Rust with (Bitcoin […]

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Hackers Extract $14.5 Million from Nervos Network and BitoPro Platforms

Hackers Extract $14.5 Million from Nervos Network and BitoPro Platforms

On May 8, $11.5 million was siphoned from the hot wallet of Taiwan’s BitoPro. The team has only now disclosed the incident. The modular blockchain Nervos Network suffered a $3 million attack. On-chain investigator ZachXBT highlighted a suspicious outflow of digital assets worth $11.5 million from the hot wallets of Taiwan’s cryptocurrency exchange BitoPro, which […]

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Analyst Identifies Key Level for Bitcoin's Next Surge

Analyst Identifies Key Level for Bitcoin’s Next Surge

If the leading cryptocurrency maintains its course within the $103,000-$105,000 range, conditions may be ripe for a new surge towards $115,000. This forecast was shared with The Block by Rachel Lucas of BTC Markets. According to her, the price is at a “pivot point” from both a psychological and technical perspective. The current area could […]

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TON Resumes Operations After Brief Outage

TON Resumes Operations After Brief Outage

On June 1st, the blockchain The Open Network (TON) experienced a brief outage. The network resumed operations approximately 40 minutes after the issue was detected. The incident halted block production. Project representatives reported that the cause was an error in the masterchain dispatch queue. Block production has been restored ✅ A quick fix was released, […]

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Decentralized Exchanges Capture 25.3% of Trading Volume Against Centralized Counterparts

Decentralized Exchanges Capture 25.3% of Trading Volume Against Centralized Counterparts

In May, trading volume on decentralized exchanges (DEX) reached $410.2 billion, accounting for more than a quarter of the equivalent figure for CEX. According to The Block, this 25.3% share marks a historic high. The previous record for the DEX/CEX volume ratio was 20.1%, achieved in January. Data: The Block. In May, PancakeSwap led decentralized […]

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Week in review: IMF goes after El Salvador and Pakistan over bitcoin; China hosts a robot bout

Week in review: IMF goes after El Salvador and Pakistan over bitcoin; China hosts a robot bout

Blockchain pushes in El Salvador and Pakistan drew IMF scrutiny; Sber cast itself as the future market-maker for Russian crypto exchanges; China staged its first robot fight; and other events of the week. Bitcoin moves into consolidation After last week’s peak near $112,000, the leading cryptocurrency made another bid to break higher. But after testing […]

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Cryptocurrency Industry Faces $244 Million Loss from May Hacks

Cryptocurrency Industry Faces $244 Million Loss from May Hacks

The cumulative losses for crypto projects from 20 recorded hacks in May amounted to $244.1 million. This figure is nearly 40% lower than the previous month, noted PeckShield. Data: X. The largest incident was an attack on the pools of the decentralized exchange Cetus on the Sui network, with a potential loss of $223 million. […]

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Ross Ulbricht's Donation Wallet Receives 300 BTC

Ross Ulbricht’s Donation Wallet Receives 300 BTC

Ross Ulbricht, the founder of the darknet marketplace Silk Road, received 300 BTC (~$31.4 million) in a single transaction to his donation wallet. Ross Ulbricht(@RealRossU), the founder of the #SilkRoad marketplace, received 300 $BTC($31.4M) to his donation wallet 8 hours ago.https://t.co/3DEsM9rpBq pic.twitter.com/JoUMNqM99p — Lookonchain (@lookonchain) June 1, 2025 Commentators are divided over the origin of […]

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IMF Questions Pakistan's Bitcoin Initiatives

IMF Questions Pakistan’s Bitcoin Initiatives

The International Monetary Fund (IMF) has expressed concerns regarding Pakistan’s initiatives in the realms of cryptocurrency and artificial intelligence, according to local media. The country’s authorities announced the allocation of 2 GW of surplus electricity for Bitcoin mining and powering data centers to support the AI sector. Speaking at the Bitcoin 2025 conference in Las […]

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Coinbase Predicts Market Impact of $5 Billion Payout to FTX Creditors

Coinbase Predicts Market Impact of $5 Billion Payout to FTX Creditors

A surge of new liquidity from the $5 billion payout to FTX creditors could positively influence the cryptocurrency market’s dynamics, according to analysts at Coinbase. On May 30, administrators of the bankrupt crypto exchange began distributing $5 billion in fiat and stablecoins. The funds are expected to reach users via BitGo and Kraken within three […]

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Max Bit: The Bitcoin Story is Nearing Its End

Max Bit: The Bitcoin Story is Nearing Its End

The story of Bitcoin is soon coming to a close, paving the way for the era of ‘Bitcoin 2.0’ with ‘more equitable distribution.’ This was shared by the legendary host of the ForkLog YouTube channel, Max Bit, during the ‘Podcast Community.’ “I don’t know what will serve as the black swan. Whether the code will […]

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Bitcoin Mining Difficulty Reaches New High of 126.98 T

Bitcoin Mining Difficulty Reaches New High of 126.98 T

Following the latest recalibration, the difficulty of mining the leading cryptocurrency increased by 4.38%, reaching a record high of 126.98 T. Source: CloverPool. Earlier this month, the metric retreated from its previous peak of 123.23 T, dropping by 3.34%. A recovery followed two weeks later, with a 2.12% increase to 121.66 T. According to Glassnode, […]

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