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Crypto

April crypto hacks top 20, hit record high

More than 20 cryptocurrency hacking incidents occurred in April, the highest monthly total on record, The Block reported citing DeFi Llama. DeFi Llama said on social media platform X that April recorded the most hacks by count in crypto history. The biggest single incident was a $292 million loss at KelpDAO. A Solana-based derivatives exchange, Drift Protocol, suffered a $280 million hack.

Crypto

Prediction market open interest tops $1 billion for first time, led by Polymarket and Kalshi

Open interest in prediction markets has exceeded $1 billion for the first time, reaching $1.066 billion, data cited by Cryptopolitan showed. The market has been expanding on higher liquidity and more users, drawing new platforms beyond Polymarket and Kalshi. While still less liquid than exchanges, rapidly rising open interest could bring competition with major decentralised exchanges. Super Bowl and Winter Olympics markets are active, and platforms differ in focus between sports and broader categories.

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