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29 Apr 2026, 17:38
13.71 Billion SWEAT Tokens Drained In Seconds From Multiple Foundation Wallets In An Exploit Of Mass Penetration
The Sweat Economy ecosystem is facing a critical security breach after roughly 13.71 billion SWEAT tokens were suddenly withdrawn from multiple wallets controlled by the Sweat Foundation in seconds. The incident occurred suddenly on April 29, 2026 and represents one of the largest token extraction events in recent decentralized finance (DeFi) history. SWEAT Token Drop About 50% In A Month – Source: CoinMarketCap On-chain data shows that the attack occurred over a 30-second window starting at 13:36 UTC. In this time window, numerous wallets associated with the foundation were fully emptied to zero balances. What we observe in terms of speed and cooperation indicates a high level of planning and technical professionalism.The scale of the breach is especially worrying since the tokens were about 65% of total circulating SWEAT supply. The swift transfer of even this broad range of tokens from wallets it controls has raised alarm over the integrity of the Sweat Economy ecosystem & market stability. Community Alert: Ongoing exploit on @SweatEconomy on @NEARProtocol . Exploiter: 3be304b2151870b2be88b9de0b80acab921337ad152584138bd852fc6e9ae018 Largest exploit tx: DvrSMfY85Anc6AuLUmoEDkDdab7qX5NUZLu76HN8NoPn — Blockaid (@blockaid_) April 29, 2026 Customized Drainer Contract And Instant Transactions Attack Further analysis shows the attacker had employed a custom drainer contract designed specifically for this execution of the attack. According to reports, this contract associated with an “exploit-resolve” module built in Rust enabled rapid token extraction and transfer over multiple wallets. This attack was almost instantaneous, dissimilar from most exploits that happen over long periods of time. The fact that several wallets were drained at the same time, reflects a high degree of automation and evidence of pre-attack preparedness, which are quite different from opportunistic attacks. At the time of writing, blockchain records indicate that the attacker regained control over nearly 17.71 billion of the SWEAT tokens worth about 3.46 million US Dollars ($3.46 million). These figures also include assets traveling through the different stages of the exploit’s transaction pipeline. An in-depth analysis unpacks roughly $2.68 million kept within a mainset aggregation wallet, around $761,000 channeled through an intermediary staging address, and the residual, around $20m, previously exchanged into alternative assets like NEAR and USDC. Multiple Sweat Foundation accounts were drained to zero in a single ~30-second window starting 2026-04-29 13:36 UTC. Total extracted: ~13.71B SWEAT (~65% of supply). Funds are being routed via Ref Finance and Wormhole/Portal Bridge. The exploiter address is running a custom… — Blockaid (@blockaid_) April 29, 2026 Funds Funneled Through Ref Finance And Cross Chain Bridges The attacker then passed the stolen tokens through a number of DeFi channels, apparently to hide the source of original funds and make it more difficult to track. In particular, transactions went through Ref Finance, the largest DeFi based on the NEAR Protocol network. In addition to on-chain swaps, the attacker also used cross-chain bridges (such as the Wormhole / Portal Bridge) to move funds between heterogeneous blockchain ecosystems. Deploying this tactic disperses assets to various ledgers and jurisdictions, making it more difficult for forensic activities. Bridging protocols create tremendous complexity for investigators, since transfers across chains present both technical and legal hurdles. Fragmentation of asset trails hampers coordinated recovery and enforcement actions. However, all blocks and transactions are stored entirely in public databases known as block explorers, which allow one to follow wallets real time since blockchain is inherently transparent. Security firms and on-chain intelligence platforms are still tracking fund movements as the situation unfolds. Security Concerns As Community Is Waiting For The Reply The exploit has caused a stir in the DeFi community, mainly because of the size of the breach and because it specifically attacked wallets controlled by benevolent deeds performing entities. Notably, no official statements regarding the effect on user funds included in the data available as of press time, but the seriousness of the attack raises urgent concerns about whether sufficient security safeguards exist within the protocol. As investigations continue, community alerts have warned users to beware of contracts or marketplaces linked with the investigation. This incident points to the importance of continuous surveillance for anomalous activity on the network with a short notification time of investigator engagement and prompt incident response that is consistent in decentralized ecosystems. The immediate focus on Sweat Economy is containment, forensic investigation and regaining the confidence of its users and stakeholders. The mere loss of 99%+ of the supply in and out, is not something that tokenomics or a dynamic ecosystem can navigate well as it also dramatically increases the volatility risk profile over the long term. On a larger level, this incident highlights the ongoing weaknesses in DeFi infrastructures. As these platforms grow in size and complexity, both the incentives for attack and the means by which they can be successful also increase, making security a necessary shift from being considered a feature to being treated as an essential basis of existence within the blockchain environment. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
29 Apr 2026, 17:37
Crypto markets predict XRP price for May 1, 2026
Prediction markets suggest traders are leaning toward a modestly stable outlook for XRP heading into May 1. In this case, pricing on Kalshi indicates a 78% probability that the token will close at or above $1.33 by 5 p.m. EDT, signaling strong confidence that prices will hold above that threshold despite volatility. On the other hand, contracts tied to XRP reaching at least $1.35 show a 66% implied probability, pointing to moderate optimism. Meanwhile, the likelihood of XRP climbing to $1.37 or higher drops to 43%, suggesting traders see limited upside in the near term. XRP price prediction. Source: Kalshi Overall, the underlying price action reflects this cautious sentiment amid the cryptocurrency’s struggles to reclaim the crucial $1.40 resistance. XRP is heading into May while remaining well below its 2025 peak of approximately $3.65 and has largely oscillated between $1.30 and $1.50 for much of the year. A bright spot for XRP holders has been the performance of U.S. spot XRP ETFs . The funds recorded roughly $82 million in net inflows during April, the strongest monthly figure of 2026, fully reversing March’s outflows and pushing cumulative inflows above $1.29 billion. Steady buying, particularly from products like Bitwise and Franklin Templeton, has occurred without significant outflows since early April, signaling growing institutional interest even as the price stays range-bound. XRP price analysis By press time, XRP was trading at $1.36, having corrected by about 1% over the past day, while on a weekly basis, the asset is down more than 5%. XRP seven-day price chart. Source: Finbold As things stand, XRP’s immediate support lies in the $1.33 and $1.35 range, with stronger floors at $1.30 and $1.26, and deeper support near $1.20. A decisive break below $1.26 could open the door to $1.15 or lower. Meanwhile, near-term resistance sits at $1.42 and $1.46, with a major breakout zone at $1.50 and $1.55. Clearing $1.50 with conviction could pave the way for a move toward $1.60 and $1.90 in the short term. The post Crypto markets predict XRP price for May 1, 2026 appeared first on Finbold .
29 Apr 2026, 17:37
U.K.'s Farage faces standards probe over $6.7 million gift from Tether billionaire Christopher Harborne
The Conservative and Labour parties argued Nigel Farage broke Commons rules by not declaring the £5 million, but Reform UK said it was an exempt, personal, unconditional gift.
29 Apr 2026, 17:35
AUD/USD Slides Sharply as US Dollar Gains on Escalating Geopolitical Tensions Ahead of Critical Fed Decision
BitcoinWorld AUD/USD Slides Sharply as US Dollar Gains on Escalating Geopolitical Tensions Ahead of Critical Fed Decision The Australian Dollar (AUD) weakened significantly against the US Dollar (USD) in early Asian trading on Wednesday, with the AUD/USD slides continuing as the greenback gains broad support from heightened geopolitical tensions. Traders now focus intently on the upcoming Federal Reserve interest rate decision, which could dictate the pair’s next major move. The market’s risk-off mood drives capital toward safe-haven assets, punishing risk-sensitive currencies like the Aussie. AUD/USD Slides Amid Escalating Global Risks The AUD/USD pair dropped to a fresh multi-week low near 0.6480 during the Asian session. This slide reflects a sharp deterioration in investor confidence. Rising geopolitical tensions, particularly involving new developments in Eastern Europe and the Middle East, fuel demand for the US Dollar as a primary safe haven. The Australian Dollar, often viewed as a proxy for global growth and risk appetite, suffers disproportionately during such episodes. Market participants now price in a higher probability of a prolonged period of uncertainty. This directly impacts commodity prices, which are sensitive to global demand outlooks. Iron ore, a key Australian export, also faced downward pressure. This adds to the headwinds for the AUD. The currency’s decline accelerated after a brief attempt to recover above the 0.6520 resistance level failed. Key support levels for the AUD/USD now lie at 0.6450 and then 0.6400. A break below these could open the door for a test of the 2023 lows. The immediate resistance sits at 0.6520, followed by the psychological 0.6600 mark. The pair’s 50-day and 200-day moving averages are now bearishly aligned, confirming the short-term downtrend. US Dollar Gains as Safe-Haven Flows Intensify The US Dollar Index (DXY) surged past the 104.50 mark, marking its highest level in over two weeks. The US Dollar gains reflect a broad-based flight to safety. Investors sell off equities and riskier currencies, including the Australian Dollar, the New Zealand Dollar, and emerging market currencies. The Japanese Yen also strengthened, though the USD remains the primary beneficiary. The dollar’s rally is not solely driven by geopolitics. The Federal Reserve’s upcoming decision adds another layer of complexity. Markets widely expect the Fed to hold interest rates steady at the current 5.25%-5.50% range. However, the tone of the accompanying statement and the updated dot plot projections will be crucial. Any hawkish signals could further boost the greenback. Economists at major banks predict the Fed will maintain a cautious stance. They cite persistent inflation above the 2% target and a resilient labor market. A hawkish hold would imply rates stay higher for longer. This scenario is typically bullish for the USD and bearish for the AUD/USD pair. Conversely, a dovish surprise could trigger a sharp reversal in the dollar’s recent gains. Geopolitical Tensions: The Catalyst Behind the Move Reports of increased military activity near key energy infrastructure in Eastern Europe sparked the latest wave of risk aversion. Additionally, stalled ceasefire negotiations in the Middle East added to the uncertainty. These developments create a volatile backdrop for forex markets. Traders often react by reducing exposure to currencies from commodity-exporting nations like Australia. The Australian economy’s close ties to China also amplify its vulnerability. Geopolitical instability can disrupt global supply chains and dampen demand from China, Australia’s largest trading partner. Any negative news regarding Chinese economic growth or trade relations directly impacts the AUD. This interconnectedness makes the AUD/USD a sensitive barometer for global risk sentiment. Federal Reserve Decision: The Key Event Risk The Federal Reserve’s monetary policy announcement, scheduled for later today, represents the most significant event risk for the AUD/USD pair. The decision comes at a critical juncture. The US economy shows mixed signals: a strong labor market but cooling consumer spending. Meanwhile, inflation remains stubbornly above the Fed’s comfort zone. Key points to watch in the Fed decision include: Interest Rate Decision: Expected to remain unchanged at 5.25%-5.50%. Dot Plot Projections: Updated forecasts for future rate cuts. The September dot plot showed a median expectation of two 25-basis-point cuts in 2025. Any reduction in this number is hawkish. Forward Guidance: The statement’s language regarding future policy. Phrases like “remain vigilant” or “data-dependent” signal caution. Press Conference: Chair Jerome Powell’s comments on the economic outlook and inflation trajectory. His tone will heavily influence market expectations. A hawkish outcome could push the AUD/USD below the 0.6450 support level. A dovish surprise, though less likely, could trigger a short-covering rally back toward 0.6550. The market currently prices in a 95% probability of a hold, making the guidance the primary market mover. Technical Analysis: AUD/USD Slides Below Key Moving Averages From a technical perspective, the AUD/USD slides have broken below the 50-day Exponential Moving Average (EMA) at 0.6540. The pair now trades below the 200-day EMA at 0.6500, a bearish signal. The Relative Strength Index (RSI) on the daily chart dipped below 40, indicating bearish momentum but not yet oversold territory. This leaves room for further downside. The MACD (Moving Average Convergence Divergence) indicator shows a bearish crossover. The signal line moved below the MACD line, and the histogram bars turned negative. This confirms the selling pressure. The next major support zone lies between 0.6450 and 0.6430, the low from early November. A break below this level targets the 0.6400 psychological support. On the upside, the pair needs to reclaim the 0.6500 level to stabilize. A close above 0.6540 would negate the immediate bearish outlook. However, given the prevailing risk-off sentiment and the dollar’s strength, any rally is likely to be sold into. Impact on Australian Economy and Trade A weaker Australian Dollar has mixed implications for the domestic economy. On one hand, it boosts the competitiveness of Australian exports, including iron ore, coal, and agricultural products. This supports mining and farming sectors. On the other hand, it increases the cost of imports, particularly for fuel, electronics, and machinery. This can fuel imported inflation. The Reserve Bank of Australia (RBA) monitors the currency closely. A sharp and sustained decline could complicate its monetary policy stance. The RBA has held rates steady at 4.35% since November 2023. A falling AUD could add to inflationary pressures, potentially delaying any future rate cuts. This creates a divergence with the Fed’s policy path, further pressuring the pair. Conclusion The AUD/USD slides sharply as the US Dollar gains from a potent mix of escalating geopolitical tensions and pre-Fed positioning. The pair’s near-term fate hinges entirely on the Federal Reserve’s decision and its implications for the interest rate outlook. A hawkish hold will likely extend the dollar’s rally and push the Aussie lower. Traders should brace for heightened volatility. The key support at 0.6450 will be the critical line in the sand. A break below this level could signal a deeper correction toward the 0.6300 region in the coming weeks. FAQs Q1: Why is the AUD/USD sliding today? A1: The AUD/USD is sliding primarily due to a stronger US Dollar. The greenback is gaining as investors seek safe-haven assets amid rising geopolitical tensions in Eastern Europe and the Middle East. Additionally, traders are positioning ahead of the Federal Reserve’s interest rate decision. Q2: How does the Federal Reserve decision affect the AUD/USD? A2: The Fed’s decision impacts the AUD/USD by influencing the US Dollar’s value. If the Fed signals a hawkish stance (higher rates for longer), the USD strengthens, pushing the AUD/USD lower. A dovish signal could weaken the USD and support the AUD. Q3: What are the key support and resistance levels for AUD/USD? A3: Key support levels are at 0.6450 and 0.6400. A break below these could lead to a test of 0.6300. Key resistance levels are at 0.6520 and 0.6550. A move above 0.6600 would suggest a potential trend reversal. Q4: Is the Australian Dollar a safe-haven currency? A4: No, the Australian Dollar is not considered a safe-haven currency. It is a risk-sensitive, commodity-linked currency. It tends to weaken during periods of global uncertainty and strengthen when investor confidence is high. Q5: How do geopolitical tensions impact the AUD/USD? A5: Geopolitical tensions increase risk aversion in financial markets. Investors sell riskier assets and currencies like the Australian Dollar and buy safe-haven currencies like the US Dollar and Japanese Yen. This causes the AUD/USD to decline. Q6: What should traders watch after the Fed decision? A6: After the Fed decision, traders should watch for Chair Powell’s press conference for nuances in the forward guidance. Also, monitor any new geopolitical developments and upcoming economic data from the US and China, as these will dictate the next major move for the AUD/USD. This post AUD/USD Slides Sharply as US Dollar Gains on Escalating Geopolitical Tensions Ahead of Critical Fed Decision first appeared on BitcoinWorld .
29 Apr 2026, 17:34
Shiba inu jumps 20 percent as SHIB nears resistance
🚀 Shiba Inu surged 20 percent as $SHIB neared major resistance. Bulls and whales are contesting the critical $0.0000075 mark. Continue Reading: Shiba inu jumps 20 percent as SHIB nears resistance The post Shiba inu jumps 20 percent as SHIB nears resistance appeared first on COINTURK NEWS .
29 Apr 2026, 17:31
Visa adds Polygon, Base to expanded stablecoin payments program
Visa has expanded its stablecoin settlement pilot by integrating five additional blockchains, including Polygon and Coinbase's Base, with this coming amid a broader acceleration in stablecoin adoption. The news ignited a slight bullish outlook for Polygon (POL) and other tokens. Polygon, Base expansion part of strategic multi-chain move Visa announced on Wednesday that it added Polygon, Base, Canton Network, Circle's Arc, and Stripe-backed Tempo to its stablecoin settlement program. The move now sees these platforms become part of a network that initially supported Ethereum, Solana, Avalanche, and Stellar. Visa’s solution is now accessible to nine networks and comes as the network hits $7 billion in annualized run rate. The program has seen a 50% spike from the previous quarter. “Our partners are building in a multi-chain world, and they expect their options to reflect that reality,” Rubail Birwadker, Visa's global head of growth products and strategic partnerships, said in a statement. The integration gives partners the option to choose what “best fits their needs, while relying on Visa to provide a common settlement layer across all of them,” Birdwadker added. The initiative builds on pilots in regions like Latin America, Europe, Asia-Pacific, and the Middle East, alongside USDC-linked card programs in over 50 countries. Global adoption of stablecoins, with Tether’s USDT and Circle’s USDC the leading players, has increased significantly amid regulatory milestones across the world. Many large financial institutions and banks see stablecoins as increasingly vital to cross-border payments, and blockchain integrations are helping bring this to users. “Visa adding Polygon signals that stablecoins are moving into real-world payments at scale,” Polygon Labs chief executive officer Marc Boiron said. “By combining Visa’s global reach with Polygon’s fast, low-cost infrastructure, we are making stablecoin settlement more practical, reliable, and accessible for partners around the world,” he added. Jesse Pollak, Base's founder, noted its role in "making stablecoin payments a daily reality for billions," while Canton Network's Eric Saraniecki highlighted compliance for institutions. These partnerships underscore blockchain's maturation for mainstream finance, potentially accelerating adoption amid rising stablecoin volumes. Polygon and Canton Network price outlook Polygon (POL), the ex-MATIC token, did not react sharply to the news, largely as Bitcoin and Ethereum retested $76,000 and $2,270, respectively. The same outlook played out for Canton Network (CC). However, with traction a key factor to network activity, investors may see benefits from heightened visibility via Visa's program as bullish for the tokens. Polygon, a blockchain platform for global payments and digital commerce, could target gains above $0.10 amid the rising daily volume. The token traded around $0.091 on Wednesday, flat in the past 24 hours and down nearly 4% over the past week. Meanwhile, Canton Network (CC), tailored for regulated markets, traded near $0.15 as of writing. The token has earlier seen a brief upside to $0.16 amid a 200% spike in daily volume but faced downward pressure as BTC and ETH pared gains. The post Visa adds Polygon, Base to expanded stablecoin payments program appeared first on Invezz
