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Donald Trump has acknowledged the progress that the US has made towards boosting the crypto industry in the country. The US president also discussed why the US had to act fast to lead the way in crypto and praised Bitcoin’s role in complementing the dollar. Donald Trump Highlights US Progress Towards Crypto In a White
The post Donald Trump Says US Has Created A ‘Powerful’ Crypto Industry appeared first on CoinGape.
Hyperliquid’s native cryptocurrency HYPE has tanked by another 9% slipping to $12.54, as the network faces massive $160 million in outflows following the liquidation of the massive ETH long positions on the platform. The ETH whale liquidation event triggered a $4 million loss in the platform’s HLP Vault, triggering huge seeling pressure in HYPE price.
Following the liquidation of the ETH long positions, HYPE price has come under severe selling pressure in the last 24 hours. The recent 8% drop comes along with a 51% surge in daily trading volumes, shooting past $207 million. This shows that there’s a growing bearish sentiment around the altcoin as of now.
Hyperliquid experienced a significant net outflow of $166 million in assets under management (AUM) on March 12, marking the platform’s second-largest single-day outflow on record. The substantial outflow is believed to have been driven primarily by withdrawals from HLP Vault depositors in response to the losses.
A high-leverage whale trade involving 175,000 ETH, valued at approximately $340 million, has led to significant market movements. The trader initially secured a floating profit of $8 million and closed 15,000 ETH before transferring 17.09 million USDC in margin back to their address.
However, following the margin withdrawal, the remaining 160,000 ETH long position was liquidated. The large liquidation size forced Hyperliquid HLP to assume the position at $1,915. The platform is now gradually unwinding the position to mitigate market disruption and manage associated risks.
In order to avoid the massive outflows and user panic, Hyperliquid stated that this wasn’t a part of the protocol vulnerability or a hacking incident. Instead, the user withdrew margin while holding unrealized profits, lowering their margin ratio and triggering liquidation. Despite a $4 million loss in the past 24 hours, Hyperliquid’s HLP maintains a total historical profit of approximately $60 million.
Prominent crypto analyst CryptoGod John has expressed bullish sentiments for HYPE price, highlighting the current market conditions as a potential buying opportunity.
John noted that the token has retraced significantly since its earlier listing pump, entering what he describes as a strong support zone.
“Seen some drama on the timeline about it — but think this is a good area to scoop some while most hypetards who were loud at $20+ have now become very quiet,” John remarked.
The post HYPE Price Crashes 9% As Hyperliquid Faces Outflows After ETH Whale Liquidation appeared first on CoinGape.
The post Ethena and TON Team Up to Bring Stablecoins to Telegram Users appeared first on Coinpedia Fintech News
Ethena has partnered with the TON Foundation to launch its synthetic stablecoins, USDe and sUSDe, within the Telegram ecosystem. As part of the collaboration, Ethena’s products will also be integrated into Telegram’s native wallet, expanding access to stable digital assets for millions of users. Additionally, support will extend to TON-compatible wallets like Tonkeeper and TONHub, further boosting usability. This move marks a major step in making stablecoins more accessible across messaging platforms and TON’s growing blockchain ecosystem.
The post Ethena and TON Team Up to Bring Stablecoins to Telegram Users appeared first on Coinpedia Fintech News
Ethena has partnered with the TON Foundation to launch its synthetic stablecoins, USDe and sUSDe, within the Telegram ecosystem. As part of the collaboration, Ethena’s products will also be integrated into Telegram’s native wallet, expanding access to stable digital assets for millions of users. Additionally, support will extend to TON-compatible wallets like Tonkeeper and TONHub, …
Coinbase, the largest crypto exchange in the US, has successfully evaded a supply chain attack that could have compromised its open-source infrastructure.
On March 23, Yu Jian, founder of blockchain security firm SlowMist, flagged the incident in a post on X, referencing a report from Unit 42, the threat intelligence division of Palo Alto Networks.
According to Unit 42, the attacker targeted ‘agentkit’, an open-source toolkit managed by Coinbase that supports blockchain-based AI agents.
The threat actor forked agentkit and onchainkit repositories on GitHub, inserting malicious code intended to exploit the continuous integration pipeline. The suspicious activity was first detected on March 14, 2025.
“The payload was focused on exploiting the public CI/CD flow of one of their open source projects – agentkit, probably with the purpose of leveraging it for further compromises,” Unit 42 reported.
The attacker exploited GitHub’s “write-all” permissions, which allowed the injection of harmful code into the project’s automated workflow. This method could have enabled access to sensitive data and created a path for broader compromises.
However, Unit 42 reported that the payload collected sensitive information. It did not contain advanced malicious tools like remote code execution or reverse shell exploits.
Meanwhile, Coinbase responded quickly, collaborating with security experts to isolate the threat and apply necessary mitigations. This rapid action helped the company avoid deeper infiltration and prevented potential damage to its infrastructure.
The stakes were high considering Coinbase’s standing as the largest crypto exchange in the US and a key custodian for spot Bitcoin ETFs.
A breach of this nature could have caused major disruption across the crypto industry, especially after Bybit’s recent $1.4 billion security incident.
Despite the failed attempt, the attacker has since shifted focus to a larger campaign now drawing global attention.
In light of this, SlowMist founder advised developers using GitHub Actions—especially those working with tj-actions or reviewdog—to audit their systems and confirm that no secrets have been exposed.
“If your company uses reviewdog or tj-actions, do a thorough self-examination,” Yu Jian stated on X.
This incident highlights the growing importance of securing open-source tools as the crypto ecosystem expands. Data from DeFillama shows that the crypto industry has recorded exploits of more than $1.5 billion this year.
The post Coinbase Avoids a Major Supply Chain Attack On Its Blockchain AI Toolkit appeared first on BeInCrypto.