DeFi Sector Faces 16% TVL Decline, Stablecoin Market Remains Resilient
TL;DR The DeFi sector experienced a 16% drop in total value locked (TVL) over the past week, falling from $140.95 billion to $117.76 billion before...
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MicroStrategy to Sell More Shares for Bitcoin, Market Reacts
TL;DR Bitcoin saw a brief uptick following MicroStrategy’s announcement to sell more shares for additional Bitcoin purchases. MicroStrategy plans to increase the number of authorized...
Animoca Brands Chairman’s Account Hacked to Promote Fake Token Â
TL;DR Yat Siu’s X account, chairman of Animoca Brands, was hacked to promote a fake token named ANIMOCA, causing financial losses and confusion. The fraudulent...
Threat Actor Steals $500,000 via Compromised X Accounts in Meme Coin Scam
TL;DR A threat actor stole approximately $500,000 through meme coin scams promoted via over 15 compromised X accounts, uncovered by blockchain investigator ZachXBT. The attacker...
Crypto.com Launches Crypto Custody Trust Service for US and Canadian Institutions
TL;DR Crypto.com has launched the Crypto.com Custody Trust Company to serve eligible institutions and high-net-worth clients in the US and Canada, expanding its presence in...
Banking Woes for Crypto Hedge Funds: 75% Report Access Issues
TL;DR A recent report by the Alternative Investment Management Association (AIMA) reveals that 75% of hedge funds focused on digital assets face significant challenges in...
Metaplanet Boosts Its BTC Reserves: Record $60 Million Investment Drives Growth
The Japanese firm Metaplanet continues to solidify its position as one of the leading players in the crypto ecosystem. The company recently announced the acquisition...
Craig Wright Faces Suspended Sentence for Contempt After False Bitcoin Creation Claims
Craig Wright, the controversial computer scientist who insists he is Satoshi Nakamoto, the creator of Bitcoin, has been sentenced in the UK to one year...
World Liberty Finance’s $10M Bitcoin Swap: Strategic or Politically Motivated?
TL;DR World Liberty Financial (WLFI) swapped $10.4 million worth of cbBTC for Wrapped Bitcoin (WBTC), raising questions about the strategic or political motivations behind the...
On-Chain Lending Protocols See Record Activity in 2024
TL;DR The DeFi market has seen a resurgence in on-chain lending protocols, reaching activity levels not seen since 2021, driven by increased stablecoin liquidity and...