Ex-Coinbase Contractor Arrested in India Over $20M Ransom Hack

Hyperliquid’s HYPE reached a record high against Coinbase shares as the HYPE/COIN ratio climbed to 0.2514, according to TradingView. The move was accompanied by $8.28 billion in trading volume, highlighting intense market interest in the pair.

MarketVector and Coinbase unveiled an index tracking Bitcoin (BTC) alongside tokenized gold tokens PAXG and XAUT, highlighting a blended benchmark for digital and hard-asset value. The launch reflects growing interest in crypto as a store of value as Bitcoin’s equity correlation rises and gold posts stronger returns.

Coinbase has received an Australian Financial Services Licence allowing it to offer regulated retail derivatives. The approval gives the exchange an early regulatory advantage ahead of mandatory licensing rules for crypto providers.

Drift Protocol was hit by a $270 million breach on April 1 after a roughly six‑month infiltration by a North Korean state‑sponsored hacking group. The incident heightens concerns about DeFi security, fund recovery, and possible sanctions evasion.

Solana co-founder Anatoly Yakovenko called the recent Drift Protocol exploit "terrifying" after reports tied the incident to a sophisticated social engineering operation attributed to North Korean actors. The breach underscores growing state-linked threats to decentralized finance.