Bridge Exploit

XRP is trading close to the psychologically important $1 level as futures open interest climbs to its highest since October. The July CPI release could sharpen volatility across crypto, with XRP looking more exposed than bitcoin after recent underperformance.

Midnight’s NIGHT token recovered after a sharp selloff tied to a Wanchain bridge exploit that drained a large amount of tokens. Charles Hoskinson framed the incident as evidence that crypto needs stronger zero knowledge based infrastructure rather than continued dependence on legacy bridge models.

Taiko paused block production after an attacker exploited its bridge and drained roughly $1.7 million. The team said users should withdraw funds while it investigates the cross-chain proof flaw.