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Namada exploit drains $600,000 as Cosmos ecosystem absorbs another hack
Privacy blockchain Namada has lost roughly $600,000 in an exploit, wiping nearly all value from its multi-asset shielded pool and adding to a string of security failures across the Cosmos ecosystem this year. Namada confirmed the breach on June 20, in a post made on X, stating that its team was “investigating the issue” and...Cryptopolitan
Sat, Jun 20
America wants to win the AI race but its own contradictions keep getting in the way
The United States is worried that China has its hands on advanced chip-making machines, sent to them by ASML. Howard Lutnick, the US Commerce Secretary, reportedly sat down with ASML executives several times to share his fear that an extreme ultraviolet (EUV) lithography machine had somehow landed in Chinese hands. Such a move would break...Cryptopolitan
Sat, Jun 20
Iran orders another shutdown of Strait of Hormuz
Iran has once again ordered the closure of the Strait of Hormuz and this decision is being justified by the fact that there have been more attacks on Lebanon. The Iranians are saying that the US and Israelis did not stick to the terms of the ceasefire agreement reached just a few days ago. The...Cryptopolitan
Sat, Jun 20
UK readies new clash with Big Tech over plan to force YouTube and Meta to promote British news
Following its social media ban, Britain’s government is preparing regulations that would force YouTube, Meta and other platforms to give greater priority to content from the BBC, ITV, Channel 4 and other British public service broadcasters. The UK government has been picking fights with major tech companies. Its social media ban for under-16s drew sharp...Cryptopolitan
Sat, Jun 20
ENS DAO proposes expanding Foundation powers in governance overhaul
The Ethereum Name Service DAO, otherwise known as the ENS DAO, published a temp check proposal on June 19 to restructure how the organization operates. The proposal, authored by katherine.eth and posted on the ENS governance forum, states that the DAO’s current structure forces token voters into operational decisions they sometimes have no business making....Cryptopolitan
Sat, Jun 20
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