Marathon Digital Expands into Kaspa Mining
TL;DR Marathon Digital diversifies its mining operations by adding Kaspa (KAS) to its portfolio. The company has mined approximately 93 million KAS, valued at $15 million. Kaspa is…
News
The News section brings together the main developments shaping the digital asset industry. Coverage includes market movements, regulatory decisions, institutional activity, security incidents, exchange updates and blockchain infrastructure. This archive is designed for readers who need a broad view of what is changing across crypto without losing the context behind each event.
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Cathie Wood, CEO of Ark Invest, Endorses Trump for 2024 Election, Citing Economic Policies
TL;DR Cathie Wood, CEO of ARK Invest, has publicly endorsed former President Donald Trump for the 2024 presidential election, citing his economic strategies as…
Jason Derulo Faces Backlash Over Meme Coin Promotion
TL;DR Jason Derulo faces criticism after promoting a meme cryptocurrency that fell 72% shortly after its launch. Derulo blames Sahil Arora and promises to…
LayerZero’s Donation Mechanism Controversy Causes Drop in ZRO Token
TL;DR The controversy over LayerZero’s token claim mechanism has caused a 19% drop in the value of the ZRO token. LayerZero implemented a “Proof…
UwU Lend Hit by Second Hack in One Week, Total Losses Reach $23 Million
TL;DR UwU Lend has suffered two hacks in one week, with total losses of $23 million. The most recent attack, identified by Slowmist, resulted…
Elon Musk Revolutionizes X with Private Likes, Gains Support from Dogecoin Co-Founder
TL;DR Elon Musk announces that likes on X (formerly Twitter) are now private, only visible to account owners. Billy Markus, co-founder of Dogecoin, praised…
Solana’s Innovative Leap into Real-World Asset Tokenization and Brand Loyalty
TL;DR Asset Tokenization: Solana is expanding its blockchain capabilities to include the tokenization of real-world assets like U.S. Treasuries, real estate, and physical goods,…
OKX Faces Security Crisis: Massive Outflow of Funds totaling $630M
TL;DR OKX experiences an outflow of over $630 million in one week due to growing security concerns. Users report fund losses due to hacker…
Arthur Hayes Joins Covalent to Develop Ethereum Wayback Machine
TL;DR Arthur Hayes, co-founder of BitMEX, joins Covalent as a strategic advisor. The Ethereum Wayback Machine project will ensure the long-term preservation of Ethereum…
UwU Lend Negotiates with Hacker After Losing $23 Million
TL;DR UwU Lend, a DeFi protocol founded by former Frog Nation CFO, Sifu, fell victim to a cyberattack. Resulting in a loss of $19.4…
The Crypto Exodus: Investors Embrace Long-Term HODLing
TL;DR Investor Shift: Bitcoin and Ethereum are being withdrawn from exchanges in large amounts, hitting a four-year low, signaling a shift from short-term trading…