Kelp DAO Challenges LayerZero’s Blame in $290 Million Incident
In a striking turn of events reminiscent of the popular Spiderman meme where three superheroes point fingers at one another, Kelp DAO is set to counter LayerZero’s analysis of last…
Bitcoin’s Future Amidst Contrasting Market Trends: Wall Street Soars as Consumer Sentiment Plummets
On April 17, the S&P 500 reached a new high of 7,126, while consumer sentiment plummeted to an all-time low of 47.6 according to the University of Michigan’s preliminary reading…
BitMine Nears Significant Ethereum Acquisition Milestone with Record Purchase
Ethereum-centric public company BitMine Immersion Technologies has made its most substantial weekly acquisition this year, purchasing 101,627 ETH valued at approximately $235 million. This purchase nearly propels the firm over…
Tether Supports UAE Tokenization Firm KAIO with $8M Investment to Onboard Emirati Funds onto Blockchain
KAIO, a tokenization firm regulated by Abu Dhabi, announced on Monday that it secured $8 million in funding from Tether and other crypto and institutional investors. This investment is part…
Progress on Global Stablecoin Regulations Slows, BIS Calls for Unified Approach to Mitigate Risks
The advancement of global standards governing stablecoins has decelerated over the past year, prompting concern among central bankers about potential market fragmentation and increased risk. Andrew Bailey, Governor of the…
Coinbase Collaborating with Bybit on U.S. Stock Tokenization
In a strategic collaboration, Coinbase (COIN) is reportedly working alongside Bybit, a prominent crypto trading platform, to delve into tokenizing and distributing assets like U.S. public and pre-IPO stocks, as…
Is DeFi’s Decentralized Revolution Waning Six Years After Its Peak?
The timing of KelpDAO’s $292 million rsETH exploit could not have been worse for the decentralized finance (DeFi) sector, which saw approximately $10 billion exit over a weekend. This outflow…
CoinDesk 20 Update: Notable Decline for AAVE Over Weekend
CoinDesk Indices provides its routine market update, focusing on the performance trends of top and bottom performers within the CoinDesk 20 Index. Presently, the CoinDesk 20 is valued at 2085.29,…
Strategy Acquires $2.5 Billion in Bitcoin Amid STRC Dividend Surge
Monday saw Strategy announcing its most significant Bitcoin acquisition in nearly 16 months, with a purchase valued at $2.54 billion last week driven by traders purchasing its dividend-paying preferred share…
Bitmine’s Largest Weekly Ether Acquisition Surpasses $230 Million
BitMine Immersion Technologies (BMNR), a leading Ethereum-centric digital asset treasury company, has accelerated its cryptocurrency acquisitions as chairman Tom Lee identifies indications that the crypto ‘mini-winter’ is drawing to a…