The Block - 2026-05-25
6 items collected.
1. ‘We don’t know who deployed this’: Squid distances itself from $3.2 million third-party module exploit
Author: Naga Avan-Nomayo
Published: 5/25/2026, 1:45:36 PM
Categories: Crypto Ecosystems, DeFi, Security, defi, defi-exploits, defi-hacks, Squid
Squid said its core protocol was unaffected after a third-party module named SquidRouterModule was exploited for roughly $3.2 million.
2. Indonesia blocks Polymarket amid crackdown on online betting
Author: Brian Danga
Published: 5/25/2026, 1:09:28 PM
Categories: International Policymaking, Policy, Regulation, Asian Regulation, indonesia, polymarket, prediction-markets
Indonesia blocked Polymarket over online gambling concerns as regulators widen global scrutiny of prediction market platforms.
3. ‘Institutional bid hasn’t disappeared’: Analysts say bitcoin cooldown, spot ETF outflows signal rotation, not exit
Author: Naga Avan-Nomayo
Published: 5/25/2026, 12:09:15 PM
Categories: Equities, Market Recap, Market Updates, Markets, Analyst Reports, Crypto Movers, hyperliquid etf, institutional-investors, Solana ETFs, spot bitcoin ETFs
Bitcoin held below $78,000 as spot ETFs shed over $1 billion for a second straight week and U.S.-Iran deal speculation rattled markets.
4. Facet co-founder pitches EIP-8182 private transfers for inclusion in Ethereum’s Hegota upgrade
Author: Naga Avan-Nomayo
Published: 5/25/2026, 10:38:08 AM
Categories: Crypto Ecosystems, DeFi, Governance, Layer 1s, Ethereum, Hegota
Facet's Tom Lehman pitched EIP-8182 for inclusion in Ethereum's Hegota upgrade, aiming to bring native private transfers to the network.
5. Researchers flag TrapDoor malware campaign targeting crypto developer environments including Aptos, Sui and Solana
Author: Brian Danga
Published: 5/25/2026, 9:52:16 AM
Categories: Crypto Ecosystems, DeFi, Layer 1s, Security, Aptos, attacker, github, malware, move, Solana, Sui
The TrapDoor malware campaign used malicious packages across npm, PyPI, and Crates.io to target crypto developer environments.
6. Tether plans GELT stablecoin launch with support from Georgian government
Author: Timmy Shen
Published: 5/25/2026, 9:14:08 AM
Categories: Companies, Crypto Ecosystems, Crypto Infrastructure, Stablecoins, Tether
GELT is designed to support cross-border commerce under a Georgian framework aligned with emerging U.S. stablecoin regulations.