dYdX Lays Off 35% of Its Core Team for Strategic Shift
TL;DR dYdX lays off 35% of its core team amid decline in total value locked (TVL). The move did not affect the price of the dYdX token, which…
Cryptocurrencies
Bitcoin Surpasses $69,000 After Volatility and Rumors of Investigation into Tether
TL;DR Bitcoin (BTC) surpassed $69,000 after a week of price volatility, driven by rumors of an investigation into Tether and geopolitical tensions due to…
Base Surpasses All Chains in Stablecoin Transaction Volume
TL;DR Base, the Ethereum layer-two network developed by Coinbase, has reached a record high for stablecoin transaction volume, surpassing Solana, Ethereum, and Tron. On…
Coinbase Unveils ‘Based Agent’: Create AI-Powered Crypto Agents in Under 3 Minutes
TL;DR Coinbase launched “Based Agent”, a tool to create AI agents with crypto wallets in less than 3 minutes. The tool was developed with…
Government Crypto Wallet Hacked: $20 Million Stolen
TL;DR A hacker compromised an address linked to the US government and stole $20 million in cryptocurrency. The stolen assets include USDC, USDT, aUSDC…
Ripple Strengthens Legal Defense with Form C Filing in Ongoing SEC Battle
TL;DR Ripple has filed Form C to appeal a portion of the 2023 court ruling. The SEC is not challenging whether XRP is considered…
BingX Resumes Operations After Cyberattack and Launches ‘ShieldX’ Security Initiative
TL;DR BingX has resumed operations after a cyberattack in September that resulted in the theft of over $43 million in cryptocurrencies. The platform has…
Ethereum Whale Sells 3,000 ETH: Is Another Price Drop Coming?
TL;DR An Ethereum ICO participant sold 3,000 ETH for $7.64 million. This investor’s previous sale in July caused the price of Ethereum to drop…
ZachXBT Uncovers Chinese Trader Laundering Millions for North Korea’s Lazarus Group
TL;DR ZachXBT accuses Yicong Wang of laundering millions in crypto assets stolen by the Lazarus group. Wang, a Chinese OTC trader, has been helping…
Metaplanet Raises $66 Million to Strengthen Its Bitcoin Investment
TL;DR Metaplanet Inc. has raised $66 million through a stock acquisition rights program with the participation of 13,774 shareholders. The company has taken an…
Buterin Slams Michael Saylor’s Bitcoin Custody Proposal as ‘Insane’
TL;DR Vitalik Buterin has strongly criticized Michael Saylor’s recent comments on Bitcoin custody. Saylor suggested that Bitcoin users should trust large banks, such as…