Author: American Coins & Gold

Sonne Finance Token Drops 60% After M Exploit on Optimism
Attackers stole ether, velo and stablecoins before developers mitigated the hack and paused operations. Sonne’s markets on the Base blockchain were not affected.

Bitcoin DeFi Tool Alex Lab Loses .3M in Hack, Offers 10% Bounty for Stolen Funds
The ALEX team proposed a 10% bounty on the total stolen funds in exchange for the return of 90% of assets.

Crypto's Election Season Is Kicking Off
The U.S. is holding its presidential election this fall. More than half a dozen other countries and bodies are likewise holding – or have held – elections this year. Some candidates and lawmakers have already addressed crypto, whether appealing to the industry or just commenting on the technology. The extent to which there is such a thing as a “crypto voter” remains unclear, but it is undeniable that there is a wave of attention directed at this industry.

Former FTX Exec Ryan Salame Asks for Lenient 18 Months in Prison
Attorneys for former FTX executive Ryan Salame are asking for 18 months in prison, citing his cooperation with authorities and remorse.

Vanguard, Avowedly Anti-Crypto, Names Bitcoin-Friendly Ex-BlackRock Exec as CEO

Vanguard, Avowedly Anti-Crypto, Said Set to Name Bitcoin-Friendly Ex-BlackRock Exec as CEO: WSJ

Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form
The popularity of new blockchain “restaking” protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene a couple of years ago to become the largest project in decentralized finance.

Irthu Suresh: Using Blockchain Tech to Reduce Water Shortages
The founder of the Atlantis water exchange is a speaker at this year’s Consensus festival in Austin, Texas, May 29-31.

Insider at Solana's Cypher Protocol Admits to Stealing 0K
Core contributor Hoak blamed his actions on a “crippling gambling addiction.”

The Hard Truths and Worrying Consequences of the Tornado Cash Verdict