Cardano wallet SecondFi says it has identified a recovery pathway for users affected by a Tuesday exploit and expects to begin returning assets in roughly two weeks. The plan follows forensic work, security reviews, and additional testing to ensure the process can safely operate across the wallet states involved in the incident. In an update shared on Saturday, Phillip Pon, CEO of SecondFi developer Emurgo, said the company completed its forensic investigation and “established a recovery pathway” for affected users. Pon added that the coming week would be used to build the solution, followed by another week devoted to testing before any assets are returned. Key takeaways SecondFi says recovery should start in about two weeks after building and testing a new solution. The affected incident was traced to an address-level issue in SecondFi’s Cardano web wallet generation software that exposed private keys. SecondFi transferred approximately 129 million ADA secured via emergency meas...

The Stellar cryptocurrency (XLM) has once again started catching the eyes of crypto market analysts due to its long-term market price structure that appears to mimic past price action in previous market cycles. Despite negative market sentiment and persistent bearishness in the altcoin market, technical analysts claim that XLM is headed toward a major accumulation price level that has historically been seen just before a strong rally. Though there has not been a breakout yet, some analysts see the possibility of the asset being on the verge of its third major price expansion phase. XLM Reverts to a Common Area for Accumulation According to CoinMarketCap, XLM is currently trading at $0.17, falling more than 2% in the past 24 hours and around 20% in the last seven days. In spite of the recent dip in prices, the digital coin continues to show positive gains from a monthly perspective. In one analysis, an analyst argues that XLM has reverted back to the common area from where all previous ...

Cardano wallet provider SecondFi says it has built a recovery route for users impacted by a Tuesday exploit that exposed private keys for a portion of its customer base. In an update shared Saturday, SecondFi’s developer Emurgo indicated that asset returns should begin after completion of security testing and internal verification, with the first payouts expected in roughly two weeks. The company’s CEO, Phillip Pon, said Emurgo finished forensic investigations and designed the process around SecondFi’s existing wallet states—an approach Pon warned users not to disrupt by moving funds independently or following instructions from unofficial sources. Key takeaways SecondFi/Emurgo completed forensics and mapped a recovery pathway for affected users after Tuesday’s Cardano wallet exploit. Emurgo expects to start returning assets in about two weeks, after a week building the solution and a subsequent week of testing. SecondFi previously linked the incident to an address-level problem i...

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has asked the European Commission to examine whether additional parts of the crypto sector—such as crypto lending and borrowing, staking, non-fungible tokens (NFTs), and decentralized finance (DeFi)—should be brought within the EU’s regulatory perimeter. The request is set out in an own-initiative resolution tabled for the Parliament’s plenary vote, where it is expected to be considered on July 7. While the measure would not amend the EU’s Markets in Crypto-Assets Regulation (MiCA) or create new legal obligations, it signals how lawmakers may shape subsequent Commission proposals and supervisory priorities. For crypto-asset service providers, banks, and institutional investors, the resolution matters less for immediate enforceable change and more for how it could influence the direction of EU crypto policy—particularly around stablecoins and “tokenization” of traditional financial services. Key takeaways ECON...

The European Parliament’s Committee on Economic and Monetary Affairs (ECON) has formally pushed the European Commission to consider whether several fast-growing areas of the crypto market should fall under EU-wide rules. In an own-initiative resolution scheduled for a plenary vote, lawmakers ask the Commission to assess the regulatory perimeter for crypto lending and borrowing, staking, non-fungible tokens (NFTs) and decentralized finance (DeFi), while also encouraging broader tokenization across financial services. The proposal, drafted by Belgian MEP Johan Van Overtveldt, will be submitted to the full Parliament for voting expected on July 7. If adopted, it would become the Parliament’s policy position—but it would not itself amend the existing Markets in Crypto-Assets Regulation (MiCA) or create new binding legal obligations. Key takeaways ECON is urging the European Commission to evaluate whether lending/borrowing, staking, NFTs and DeFi should be regulated beyond MiCA’s current ...

Polymarket says a third-party vendor compromise discovered on Thursday enabled attackers to inject malicious code into its website interface, leading to a phishing campaign that targeted multiple users. According to blockchain analyst Specter, the injected script was used to drain an estimated $2.94 million from at least 11 Polymarket wallets. Polymarket stated that the incident has been contained and that the compromised dependency has been removed. The platform also said affected users will receive full refunds. Cointelegraph contacted Polymarket for comment but did not receive a response before publication. Key takeaways Polymarket reported a third-party vendor compromise that allowed attackers to inject a malicious script into its frontend. Analyst Specter linked the malicious code to phishing activity, estimating losses of about $2.94 million across at least 11 user wallets. Polymarket said the issue has been contained, a dependency has been removed, and users will be fully ...