LayerZero Labs has released its incident report on the KelpDAO bridge attack, 
saying about $292 million in rsETH was stolen after attackers poisoned RPC 
infrastructure used by its verification network and forcing policy changes 
around single-signer configurations. LayerZero Labs has…

LayerZero Labs has released its incident report on the KelpDAO bridge attack, saying about $292 million in rsETH was stolen after attackers poisoned RPC infrastructure used by its verification network and forcing policy changes around single-signer configurations. LayerZero Labs has…

LayerZero details $292M KelpDAO exploit and tightens bridge security

The postponement highlights the delicate balance of regional diplomacy and 
economic stability, with potential global repercussions if tensions escalate.
The post Trump postpones planned Iran attack after Gulf leaders warn of Hajj 
crisis appeared first on Crypto Briefing.

The postponement highlights the delicate balance of regional diplomacy and economic stability, with potential global repercussions if tensions escalate. The post Trump postpones planned Iran attack after Gulf leaders warn of Hajj crisis appeared first on Crypto Briefing.

Trump postpones planned Iran attack after Gulf leaders warn of Hajj crisis

The US-Iran war continues to linger with the two countries yet to reach a 
deal, and US President Donald Trump is threatening new strikes against Iran. 
Amid this, Iran has moved to launch a Bitcoin-backed service as it looks to 
assert control over the Strait of Hormuz. U.S.-Iran War In Focus Amid Trump’s 
Threat and New Bitcoin Service According to a Reuters report, US President 
Donald Trump has threatened that a new US attack on Iran could happen in the 
coming days if both sides fail to reach a deal. This came amid his revelation 
that he was close to ordering a strike against Iran earlier this week before 
postponing following pleas from leaders of the UAE, Qatar, and Saudi Arabia. 
Notably, the US-Iran war is now approaching the three-month mark, with a peace 
deal yet to be reached. Related Reading: Donald Trump Abandons Meme Coins In 
Favor Of These Indirect Bitcoin Exposure Vehicles The major contention remains 
Iran’s nuclear program, which the country has so far refused to give. 
Meanwhile, Iran had sent a revised proposal earlier in the week, which the US 
rejected. The proposal focused on a long-term truce in the US-Iran war and the 
gradual reopening of the Strait of Hormuz. The closure of this major oil 
chokepoint continues to impact the markets, with oil holding above $100 per 
barrel while Bitcoin and the broader crypto market decline. Meanwhile, amid 
the closure of the Strait of Hormuz, Iran has launched a Bitcoin-backed 
insurance service for shipping in this oil chokepoint. The service called 
“Hormuz Safe” aims to provide insurance policies for cargo moving through the 
Persian Gulf, the Strait of Hormuz, and surrounding waterways, with payments 
made in Bitcoin. Iran has adopted Bitcoin to evade US financial sanctions, 
which have heightened amid the US-Iran war. War Sending Inflation To Multi- 
Year Highs The US-Iran war is also driving US inflation to multi-year highs, 
which is putting downside pressure on Bitcoin and the broader crypto market. 
US PPI inflation rose by 6% year-over-year (YoY) in April, its highest 
increase since December 2022. At the same time, US CPI rose by 3.8% in April, 
its highest increase since May 2023. Related Reading: Why The $65,000 Region 
Is Important As Bitcoin Gears Up To Face Massive Resistance At These Levels 
With inflation rising due to the US-Iran war, the market continues to price in 
a rate hike over a cut as the Fed’s next likely move. Polymarket data shows a 
28% chance of a Fed rate hike this year. Meanwhile, further data from 
Polymarket shows a 70% chance that the Fed will make zero rate cuts this year 
amid inflation concerns. A potential rate hike is bearish for Bitcoin, as it 
could constrain liquidity with higher interest rates. At the time of writing, 
the Bitcoin price is trading at around $77,000, up in the last 24 hours, 
according to data from CoinMarketCap. Featured image from Getty Images, chart 
from Tradingview.com

The US-Iran war continues to linger with the two countries yet to reach a deal, and US President Donald Trump is threatening new strikes against Iran. Amid this, Iran has moved to launch a Bitcoin-backed service as it looks to assert control over the Strait of Hormuz. U.S.-Iran War In Focus Amid Trump’s Threat and &#8230;

What’s The Latest With The US-Iran War And How Does It Affect Bitcoin?

Santander-backed Mouro Capital has closed its third fund at $400 million, with 
the new vehicle targeting startups at the intersection of AI, blockchain, 
capital markets and wealth management. Mouro Capital has closed its third fund 
at $400 million, extending a…

Santander-backed Mouro Capital has closed its third fund at $400 million, with the new vehicle targeting startups at the intersection of AI, blockchain, capital markets and wealth management. Mouro Capital has closed its third fund at $400 million, extending a…

Mouro closes $400M fund as Santander backs AI and blockchain bets

The European Commission has opened a public consultation on the functioning of 
the EU’s MiCA regime, with feedback due by Aug. 31, 2026, in a move that will 
shape how crypto rules are applied across the bloc. The European Commission…

The European Commission has opened a public consultation on the functioning of the EU’s MiCA regime, with feedback due by Aug. 31, 2026, in a move that will shape how crypto rules are applied across the bloc. The European Commission…

EU opens MiCA consultation as bloc reviews crypto rulebook

Tether has acquired SoftBank’s entire stake in Twenty One Capital, the Bitcoin 
treasury company co-founded by Jack Mallers, and is now pushing a broader 
merger plan involving Strike and Elektron Energy. Tether has moved to absorb 
all of SoftBank’s ownership…

Tether has acquired SoftBank’s entire stake in Twenty One Capital, the Bitcoin treasury company co-founded by Jack Mallers, and is now pushing a broader merger plan involving Strike and Elektron Energy. Tether has moved to absorb all of SoftBank’s ownership…

LayerZero details $292M KelpDAO exploit and tightens bridge security

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