Galaxy Digital Reaches $200 Million Settlement for Terra-Luna Collapse
TL;DR Galaxy Digital reached a settlement with the New York Attorney General’s office, paying $200 million for its involvement in the Terra-Luna ecosystem collapse in...
blockchain
Dolomite Expands Its DeFi Platform to Bitcoin Through Spiderchain
TL;DR Dolomite expands its DeFi platform to Bitcoin through Spiderchain, a Layer 2 solution that enhances the blockchain’s scalability. Spiderchain integrates the Ethereum Virtual Machine...
Hyperliquid in Controversy After JELLY Manipulation and Million-Dollar Exploit
TL;DR A user manipulated JELLY on Hyperliquid and made over $6 million by exploiting the platform’s liquidation system. Although Hyperliquid removed JELLY, the attacker still...
The Future of Content: Tether Invests €10M in Be Water to Transform Digital Media
TL;DR Bold Media Expansion: Tether invests €10M in Italian firm Be Water, acquiring a 30.4% stake to diversify beyond crypto. Tech-Powered Transformation: The partnership harnesses...
Bitso Launches Its Subsidiary Juno and Debuts in the Stablecoin Market with MXNB
TL;DR Bitso has launched its subsidiary Juno to enter the stablecoin market, with the goal of issuing and managing digital assets. Juno will issue a...
Fidelity Files for a Solana ETF and Pressures the Competition
TL;DR Fidelity files for a Solana (SOL) ETF through the Cboe BZX Exchange, aiming to facilitate institutional investment in cryptocurrencies. With over $5.9 trillion in...
Custodia Bank and Vantage Bank Launch Avit, the First Bank-Issued Stablecoin on a Permissionless Blockchain
TL;DR Custodia Bank and Vantage Bank launched Avit, the first bank-issued stablecoin registered on a permissionless blockchain. Avit is backed by real dollar reserves and...
DWF Labs Launches $250 Million Fund to Drive Blockchain Adoption
TL;DR DWF Labs launches a $250 million fund to drive the adoption of blockchain and Web3 in mid and large-cap projects, with investments ranging from...
Ripple to Prioritize Strategic Acquisitions and Expansion in the Stablecoin Market
TL;DR Ripple will prioritize strategic acquisitions over pursuing an initial public offering (IPO) following its legal victory against the SEC. The company aims to recover...
Bitcoin Could Thrive in a U.S. Recession, According to BlackRock
TL;DR Robbie Mitchnick from BlackRock suggested that a recession in the U.S. could be a positive catalyst for Bitcoin due to factors like increased fiscal...