Terra Luna Classic Rises Again: The Massive USTC Burn Boosts Token Value
TL;DR The Terra Luna Classic (LUNC) ecosystem is revitalizing with the approval of the proposal to burn 46,556,271 USTC, which has increased market interest. The USTC burn is…
Cryptocurrencies
Evolution of Blockchain: Shifting from Ideals to Market Reality
TL;DR The original “cypherpunk” values that inspired early smart contract platforms are being displaced by market demand. Blockchain commercialization is prioritizing speed, profitability and…
BNY Mellon SEC Approval: A Turning Point for Crypto Custody
TL;DR The SEC approved BNY Mellon’s plan to offer cryptocurrency custody services. The bank will be able to custody digital assets beyond Bitcoin and…
Bitcoin ETFs See Strong Inflows as Investor Confidence Grows
TL;DR Bitcoin spot ETFs in the U.S. recorded a net inflow of $365.57 million on September 26. BlackRock and Ark Invest led the flows…
Hacks in Crypto Industry Are Declining, But Threats Persist
TL;DR Losses from hacks and scams in the crypto industry were $413 million in the third quarter of 2024, representing a 40% decrease. The…
U.S. Bitcoin Holdings Surge as BlackRock Leads ETF Inflows
TL;DR The United States is regaining its lead in Bitcoin holdings, driven by demand for ETFs. BlackRock has recorded the largest monthly inflow into…
PayPal’s PYUSD Stablecoin Drops 30% as Solana DeFi Incentives Decline
TL;DR PayPal’s PYUSD stablecoin has seen its market cap drop by 30% over the past month. The drop is due to declining incentives in…
Bitcoin Behaves Like a ‘Risk-off’ Asset Rather Than a ‘Risk-on’ Asset
TL;DR Robbie Mitchnick, BlackRock’s head of digital assets, believes that Bitcoin should not be classified as a risk asset, despite its recent correlation with…
Binance Aids in Uncovering $47.6 Million Gaming Scam in India
TL;DR Binance helped India track down a $47.6 million gaming scam and arrest four people. Victims were lured into online gambling but then lost…
Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Collapse
TL;DR Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison for her role in the collapse of FTX.…
Bitcoin as Collateral: Loan Proposal by Michael Saylor
TL;DR Michael Saylor, Chairman of MicroStrategy, proposed that government-backed banks in the U.S. offer dollar loans with Bitcoin as collateral. MicroStrategy, holding 252,220 BTC…