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Professor Of BTC_CRYPTO Information
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BLACKROCK HAS BEEN BUYING
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FOR 9 DAYS STRAIGHT!
Over $492M inflows into BlackRock’s $ETHA ETF in just 9 trading days!
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ALEX DeFi Protocol Compensates Users After $8.37M Exploit ALEX Protocol suffered a $8.37 million loss from a security attack. Flaws in self-listing logic led to exploit, affecting STX, sBTC, USDC, and WBTC. A full compensation plan using USDC is promised, alongside intensified security audits.
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ALEX Protocol Loses $8.37M in Hack Due to Security Flaw On June 6, 2025, ALEX, the leading Bitcoin DeFi platform on Stacks, was exploited because of a problem in its self-listing verification process. They managed to steal assets worth more than $8.37 million, including 8.4 million STX, 21.85 sBTC and several types of stablecoins like USDC/USDT and WBTC. According to the official announcement from ALEXLabBTC, the issue stemmed from an on-chain limitation on Stacks, which allowed the exploit to bypass listing rules. Even though there was a breach, ALEX is covering the losses and will pay back all affected users 100% in USDC from the ALEX Lab Foundation’s funds.
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Xrp Poised For A Major Breakthrough In June As XRP faces selling pressure and investor uncertainty, Ripple is moving forward with a significant technical overhaul of the XRP Ledger (XRPL), set to redefine the network’s role in both decentralized finance and institutional finance on a global scale. Despite XRP’s recent 5% price drop, many analysts — including X Finance Bull — see this not as a setback but as a setup for a major leap forward. “This isn’t just a dip — it’s preparation,” he emphasized. Key Upcoming Enhancements 1. Token Escrows: One of the most anticipated features is XLS-85d, which introduces escrow support for issued tokens such as RLUSD, tokenized assets, and even meme coins. This allows assets to be securely locked under pre-set conditions, expanding XRPL’s smart contract capabilities and aligning it more closely with Ethereum-based DeFi platforms. It also supports Ripple’s broader strategy of real-world asset (RWA) tokenization. 2. Multi-Purpose Tokens (MPTs): Another important update is the launch of MPTs — a compact, flexible token standard optimized for interoperability. MPTs carry additional metadata while remaining tradable like regular tokens, enabling simpler and broader asset issuance. This innovation makes XRPL more attractive to developers and projects requiring cross-chain compatibility and versatile functionality. 3. Batch Transactions: Through XLS-56, XRPL will support batch transactions — up to eight in a single atomic operation. This enhances efficiency, lowers transaction costs, and paves the way for implementing atomic swaps, which are essential for both on-ledger and cross-chain systems.
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Michael Saylor boasts Strategy’s ‘indestructible balance sheet’ Strategy is doubling down on Bitcoin through a new $1 billion preferred stock IPO. Executive Chairman Michael Saylor explained on CNBC’s Squawk Box how Strategy is leveraging high-yield instruments to convert dollar capital into Bitcoin (BTC) exposure. “We are offering fixed U.S. dollar yield and we’re swapping it into BTC yield, which is what our equity investors want,” said Saylor. “The big breakthrough is that and the preferred market the capital never comes due. There’s no refinance risk. We’re basically offering a perpetual US dollar yield forever. And so by matching a very long duration instrument on the liability side with the long duration asset, we’re creating, in essence, an indestructible balance sheet.” Outperformance of Strike and Stride highlights investor appeal Saylor highlighted the strong performance of the company’s previous preferred stock offerings. The first, Strike, saw gains of 29% compared to a broader market decline of 6% in similar instruments. The third issuance, Stride, offered a 10% fixed yield and also outperformed, rising 22% while other preferreds fell by 4.5%. He called this approach a “very scalable, extremely low-risk way to generate leverage” and said it benefits both sides of the market.
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Breaking President Trump says Elon Musk will face "very serious consequences" if he funds Democrats. President Trump says his relationship with Elon Musk is over.
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