Hinkal stablecoin protocol exploited

Hinkal's stablecoin privacy protocol was exploited, leading to $820,000 in USDC losses. Attacker manipulated prooflessDeposit() and transact() functions.

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$KAS is showing one of the cleanest structures here.


Price bounced from $0.02664, reclaimed the mid range, and pushed toward $0.032. Now it is consolidating near the highs instead of giving back the whole move.


As long as $KAS holds above $0.030, the chart still favors continuation toward a fresh breakout.


#CLARITY Act faces legislative hurdles

#MiCA regulation implementation challenges

#France crypto kidnapping cases rise

#Ethereum outlines Lean roadmap

#Hinkal stablecoin protocol exploited


$ADA

$BTC

$ARPA

$HMSTR

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$ATOM has pulled back hard into a key support area near $1.55 $1.60.


This is exactly where buyers need to step in. The selloff is sharp, but that also means a relief bounce can be strong if support holds. A reclaim above $1.70 would be the first bullish signal for short term recovery.


Watching this zone closely.


#Hinkal stablecoin protocol exploited

#CLARITY Act faces legislative hurdles

#MiCA regulation implementation challenges

#CLARITY Act gains law enforcement support

#Ethereum outlines Lean roadmap


$LAB

$TLM

$XAUT

$GRAM

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$PIEVERSE /USDT demonstrates a bearish sentiment in the short term. Trading at $0.7051, down -2.47%, the price is on a downward trajectory from its high of $0.7357, currently resting below both the midpoint ($0.7027) and the upper band. The lower band at $0.6922 is within reach, indicating that sellers are in control and the asset could test the 24-hour low of $0.6903 if the downward pressure continues.

#Hinkal stablecoin protocol exploited #Revolut delists USDT in EU

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$AVAX /USDT exhibits a cautiously bullish to neutral sentiment. Despite a +2.73% gain to $7.05, the price is struggling to break through the immediate resistance at $7.09 and the day's high of $7.11. The rally appears to be losing momentum as the price hovers near the upper band, potentially setting up for a pullback toward the midline ($7.00) if buyers fail to push through.

#Hinkal stablecoin protocol exploited #VALR launches Hyperliquid-powered perps