StakeStone has teamed up with the Trump family’s crypto project, WLFI, to offer cross-chain liquidity support for the USD1 stablecoin. This collaboration bridges real-world assets (RWA) and native DeFi liquidity, allowing users to move funds seamlessly across different blockchains. The partnership also enables users to earn sustainable yields and access liquidity without locking up their assets, making it easier for everyone to manage and grow their investments in the crypto space.
Arbitrum (ARB) wanted to join Nvidia’s Ignition AI Accelerator program but was reportedly turned down as part of the chipmaker’s risk control strategy.
The Layer-2 (L2) network has been strategically attempting to rebuild its reputation amid an ongoing struggle to recover from an 85% price dip.
Nvidia Turns Down Arbitrum’s Bid
Reports indicate that Arbitrum had originally planned to be the Ethereum partner in Nvidia’s Ignition AI Accelerator program. However, the L2 network was reportedly turned down at the last moment.
As it happened, the American multinational technology company prefers to avoid crypto firms for risk control purposes.
“Nvidia recently explicitly excluded cryptocurrency-related projects from its Inception program,” Wu Blockchain reported.
Indeed, when Nvidia launched its accelerator program, the firm articulated on the application page that crypto-related firms would not be eligible.
“The following types of organizations do not qualify for membership: Consulting and outsourced development firms, companies associated with cryptocurrency, cloud service providers, resellers and distributors, and public companies,” read an excerpt on the application page.
This stance presents a calculated risk to preserve the GPU giant’s AI-first brand identity. Nevertheless, some say the move could stifle innovation as artificial intelligence and decentralized systems tend to intersect.
“The recent announcement by Nvidia to exclude cryptocurrency-related projects from its Inception program raises questions about the future of collaboration between traditional tech giants and the blockchain sector,” one user shared on X (Twitter).
Arbitrum is Ethereum’s largest layer-two scaling solution, trailed by other players in the same space, including Optimism (OP). Data on L2Beats shows Arbitrum One, the optimistic rollup that inherits Ethereum’s security by posting transactions on-chain, leads L2s in TVL metrics.
While Arbitrum leads L2 scaling solutions, it remains well below its December 6, 2024, high of $1.2384. Against this backdrop, the network has been taking steps to recover.
Among them is a token buyback initiative in March to strengthen its ecosystem and absorb supply shocks due to a massive token unlock event. For a time, the initiative worked, buoying ARB price 36% before the downtrend continued, bottoming out at $0.2420 on April 7.
Nevertheless, analysts suggested more interventions with the token still over 70% below its December highs. Yogi, a well-known wallet maxi, said strategies like token buybacks lack long-term vision as they signal a slowdown in innovation.
Similarly, a Messari Crypto researcher, Patryk, suggested that Arbitrum remains flexible and deploys funds into strategic areas over time rather than committing to a rigid framework such as token buybacks.
“I think projects will do this eventually. It’s just difficult to announce a concrete plan for the funds at the beginning of buybacks, like those that Arbitrum just announced. Remain flexible,” the researcher suggested.
Accordingly, Arbitrum may have considered pivoting to Nvidia’s accelerator program for a competitive edge. Now that this plan has fallen, Aributrum faces an ARB airdrops proposal to incentivize early supporters.
Ripple has identified a critical supply chain attack on the XRP Ledger. This vulnerability doesn’t impact the entire Ledger, only DeFi wallets using the official xrpl.js package from NPM (Node Package Manager).
It’s unclear how much user money was compromised in this sophisticated attack, but Ripple claims that it deprecated the compromised packages. Several major DeFi wallets didn’t download this package, and no huge thefts have been reported yet.
Security Breach on the XRP Ledger
This XRPL breach was first identified by Aikido, a blockchain security firm. It found five suspicious updates to the xrpls.js package on Ripple’s NPM.
This is Ripple’s official software development kit, featuring more than 140,000 downloads weekly. Hackers installed a sophisticated backdoor into this package, enabling private key theft and wallet access.
A breach of this nature represents a dire threat to XRP, to the extent that Ripple CTO David Schwartz posted official warnings about it. Mayukha Vadari, a senior software engineer with the firm, also went into greater detail about the nature of this vulnerability.
The XRP Ledger itself is unaffected by this. The malware packages only affect services that use xrpl.js and upgraded to the malicious versions that were published less than 24 hours ago. Github remains safe, only npm was compromised.
At first, this might seem like a small issue, as the breach didn’t directly harm the XRP Ledger (XRPL). However, this hack was propagated through Ripple’s official channels, exposing many users to harm.
To get a sense of the scale, DeFi wallets on XRPL currently hold about $80 million in user deposits. Accessing a tiny chunk of this sum would indeed be a huge theft.
NPM is the distribution system, and compromising a high-trust package in it creates a powerful attack vector—a supply chain attack targeting developers and infrastructure rather than end-users directly.
A compromised NPM package can affect thousands of apps. When an attacker injects malicious code, like a backdoor, into a popular NPM package, any application or developer that installs or updates that package unknowingly introduces the malware into its own environment.
The XRP Ledger Foundation confirmed that several major DeFi wallets were not exposed and further stated that it deprecated the compromised xrpl.js versions. It also plans to publish a full postmortem analysis.
Also, hackers managed to compromise the official library for DeFi protocols that wish to interact with XRP. A sophisticated operation like that could have consequences.
After a brief pullback, the crypto markets gain back momentum as the selling pressure over the tokens reduces. While the top altcoins like ETH, SOL, LTC, etc., and a few more attract marginal gains, altcoins like Ondo & Movement have triggered over a 20% upswing in the past 24 hours and are trying hard to keep up the momentum. What’s next for these altcoins?
Will ONDO Price Mark a New ATH?
Ondo Finance is one of the leading tokenizations of Real World Assets (RWA), which is leading the cryptos with over 20% gains. The major reason behind the surge is the token achieving a major milestone, which sheds light on the rising investor confidence. In a recent update, ONDO’s total value locked (TVL) has reached an all-time high of over $1 billion, making an extraordinary rise from the lows of around $185 million. This showcases the rapid growth within the RWA space, as the ONDO price is also flashing massive bullish signals.
As seen in the above chart, the ONDO price is trading within a descending parallel channel and is trying hard to reach the resistance. Meanwhile, the technicals have turned bullish as the DMI is about to undergo a bullish crossover. Besides, the RSI is maintaining a strong ascending trajectory. Meanwhile, the bearish divergence in the ADX raises some concerns, suggesting a drop in the pace of the rally. Therefore, the ONDO price is believed to test the resistance but may fail to surpass it as the volume remains within a restricted range. However, if the volume increases, then the ONDO price may trigger a breakout and may probably form a new ATH above $2.
Movement (MOVE) Price Aims for a 35% Upswing
After a bullish start, the MOVE price began to trade within a descending parallel channel following a rejection from the highs. While the price is trying hard to validate a strong ascending trend that could push the price above $0.5 and eventually break the resistance and, in turn, break the bearish pattern. Besides, the decreased volume raises some concerns, but with the growing bullish market sentiments, the MOVE price is also expected to demonstrate massive price actions.
As mentioned above, the MOVE is also stuck within a descending parallel channel. The Bollinger Bands have begun to squeeze, hinting towards a drop in volatility. This suggests the price is undergoing a strong consolidation phase and is preparing for a breakout. Meanwhile, the CMF has risen above 0, hinting towards the growing strength of the bulls against the bears. Therefore, the buying pressure is slowly mounting, which may push the price towards the resistance of the channel and eventually trigger a breakout above $0.6.
Therefore, the prices of ONDO & Movement remain stuck within a similar pattern and are undergoing a strong consolidation phase. Hence, a breakout appears to be imminent after the accumulation reaches it’s edge.
The post Altcoins on the Move: ONDO & Movement Prices Surge By More than 20% appeared first on Coinpedia Fintech News
After a brief pullback, the crypto markets gain back momentum as the selling pressure over the tokens reduces. While the top altcoins like ETH, SOL, LTC, etc., and a few more attract marginal gains, altcoins like Ondo & Movement have triggered over a 20% upswing in the past 24 hours and are trying hard to …
