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Crypto
Monero builds momentum, eyes $600 after breaking $558 resistance
Monero (XMR) has moved above the $558 resistance level and is eyeing $600. XMR rose about 4 percent over 24 hours and is now trading above $592, with attention on whether the rebound is short-lived or leads to further gains. The rally began in August after XMR broke $410. A THORChain upgrade expanded swap routes, while exchange supply fell as investors moved holdings to private wallets. Signs of overheating and EU delisting pressure through 2027 remain risks.
Crypto
India cracks down on overseas crypto platforms, 15 targeted for blocking
India’s Financial Intelligence Unit (FIU-IND) has issued non-compliance notices to 15 cryptocurrency service providers for failing to meet anti-money laundering requirements and requested that public access to their apps and websites be blocked in India. A report said not all services have been confirmed blocked. The official announcement did not mention account freezes, balance holds or withdrawal suspensions, though access limits could cause inconvenience.
Crypto
Secret Network bridge hit by \'infinite mint\' bug, $4.67 million stolen
An exploit using an infinite-issuance bug in a vulnerable Secret Network smart contract stole about $4.67 million, Cointelegraph reported on Sunday. The hack occurred on June 10 but was detected on June 17. Blockchain research firm Common Prefix said suspicious activity was spotted after cross-chain transactions failed with an \"insufficient balance\" error. Stolen assets included saUSDT, saUSDC and saWETH, among others.
