An attacker drained $285 million from Drift Protocol, the Solana-based perpetual futures exchange, collapsing its total value locked from over $550 million to roughly $24 million within hours. The DRIFT token dropped more than 20% in the immediate aftermath.
Remember when NFTs were the hottest ticket in town? Celebrities were jumping on the bandwagon, headlines screamed about million-dollar sales, and “owning a JPEG” became the new status symbol.
The acquisition of BVNK gives Mastercard the world's second-largest payment network after Visa and a way to connect its existing features with blockchain-based systems.
For much of its early history, Bitcoin was often described as a financial asset that moved independently from traditional markets. Investors and analysts frequently referred to it as “digital gold,” suggesting it could function as a hedge against inflation or economic instability.
While corporate treasury interest is not as high in other areas of the market, Ethereum-focused accumulation has remained relatively consistent, and that type of demand even in less favorable conditions begins to matter over time.