Terraform Labs files for Chapter 11 bankruptcy, faces mounting legal pressure
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Crypto Briefing
Terraform Labs files for Chapter 11 bankruptcy, faces mounting legal pressure
The bankruptcy filing comes after a US federal judge ruled last month that Terraform Labs' LUNA and MIR tokens qualify as securities.
Injective launches gas compression, offering lower fees than Solana
https://cryptobriefing.com/injective-launches-gas-compression-lower-fees/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/injective-launches-gas-compression-lower-fees/?utm_source=feed&utm_medium=rss
Crypto Briefing
Injective launches gas compression, offering lower fees than Solana
Injective changes the game for blockchain users with gas compression, drastically cutting transaction costs to $0.0003.
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ConcentricFi confirms security breach, damage estimated at $1.6 million
https://cryptobriefing.com/concentricfi-confirms-security-breach-damage-estimated-1-6-million/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/concentricfi-confirms-security-breach-damage-estimated-1-6-million/?utm_source=feed&utm_medium=rss
Crypto Briefing
Concentric confirms security breach, damage estimated at $1.6 million
With the exploiter now targeting vault approvals, ConcentricFi has urged its users to revoke all approvals and cease any interaction.
Crypto owners up 34% in 2023, reaching 580 million globally: Crypto.com
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https://cryptobriefing.com/crypto-owners-up-34-reaching-580-million-globally-2023/?utm_source=feed&utm_medium=rss
Crypto Briefing
Crypto owners up 34% in 2023, reaching 580 million globally: Crypto.com
Global crypto ownership jumped 34% to 580 million in 2023, with Bitcoin and Ethereum leading the adoption.
Bitcoin funds’ weekly trading volume shows a sevenfold growth
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https://cryptobriefing.com/bitcoin-funds-weekly-trading-volume-sevenfold-growth/?utm_source=feed&utm_medium=rss
Crypto Briefing
Bitcoin funds’ weekly trading volume shows a sevenfold growth
New low-cost ETFs draw over $4 billion, outpacing traditional, higher-cost crypto funds in the United States.
Bitcoin, USDC, and USDT whale numbers have fallen in the past six months
https://cryptobriefing.com/bitcoin-usdc-usdt-whale-numbers-have-fallen-past-six-months/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/bitcoin-usdc-usdt-whale-numbers-have-fallen-past-six-months/?utm_source=feed&utm_medium=rss
Crypto Briefing
Bitcoin, USDC, and USDT whale numbers have fallen in the past six months
Santiment highlights how whale accumulation of the most used cryptos is important for a trend shift in crypto prices.
Hong Kong’s first crypto spot ETFs coming by mid-2024, predicts OSL exec
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https://cryptobriefing.com/hong-kong-first-crypto-spot-etfs-coming-2024/?utm_source=feed&utm_medium=rss
Crypto Briefing
Hong Kong's first crypto spot ETFs coming by mid-2024, predicts OSL exec
Hong Kong positions itself as a future crypto ETF hub, drawing lessons from the US and focusing on the Asian market's unique needs.
Coinbase issues statement on US Treasury’s proposed crypto mixing rules
https://cryptobriefing.com/coinbase-issues-statement-us-treasurys-proposed-crypto-mixing-rules/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/coinbase-issues-statement-us-treasurys-proposed-crypto-mixing-rules/?utm_source=feed&utm_medium=rss
Crypto Briefing
Coinbase issues statement on US Treasury's proposed crypto mixing rules
The proposed rules would require crypto exchanges and platforms to report any transactions sent to or received from a mixer service.
Socket recovers $2.3 million in ETH after bridge protocol exploit
https://cryptobriefing.com/socket-recovers-23-million-eth-bridge-protocol-exploit/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/socket-recovers-23-million-eth-bridge-protocol-exploit/?utm_source=feed&utm_medium=rss
Crypto Briefing
Socket recovers $2.3 million in ETH after bridge protocol exploit
The recovered funds represent roughly $2.3 million worth in ETH, with the damage from the exploit estimated at $3.3 million.
Solana’s DEXes hold their ground after 38% weekly drop in DeFi trading volume
https://cryptobriefing.com/solanas-dexes-hold-ground-38-weekly-drop-defi-trading-volume/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/solanas-dexes-hold-ground-38-weekly-drop-defi-trading-volume/?utm_source=feed&utm_medium=rss
Crypto Briefing
Solana’s DEXes hold their ground after 38% weekly drop in DeFi trading volume
Despite the 9% drop, Solana covers some ground in its fight against Ethereum for DEX trading volume dominance.
0x launches gasless swaps with Tx Relay API to enhance DeFi trading
https://cryptobriefing.com/0x-tx-relay-api-gasless-swaps-approvals/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/0x-tx-relay-api-gasless-swaps-approvals/?utm_source=feed&utm_medium=rss
Crypto Briefing
0x launches gasless swaps with Tx Relay API to enhance DeFi trading
The Tx Relay API from 0x provides gasless transactions and dynamic gas adjustment for smoother swaps and fewer failed trades.
Registration opens for GDC 2024: The game industry event like nothing else
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https://cryptobriefing.com/registration-opens-gdc-2024-game-industry-event/?utm_source=feed&utm_medium=rss
Crypto Briefing
Registration opens for GDC 2024: The game industry event like nothing else
Registration is open for the 2024 Game Developers Conference, returning to San Francisco for a week of learning, networking, and fun.
Concentric’s $1.8M exploiter is tied to OKX and LunaFi incidents, CertiK reports
https://cryptobriefing.com/concentric-exploiter-tied-okx-lunafi-incidents-certik/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/concentric-exploiter-tied-okx-lunafi-incidents-certik/?utm_source=feed&utm_medium=rss
Crypto Briefing
Concentric’s $1.8 million exploiter is tied to OKX and LunaFi incidents, CertiK reports
On-chain data shows that the exploiter’s wallets were funded by addresses connected to three notorious security incidents.
OKX’s OKB token crashes 50% in minutes following wave of liquidations
https://cryptobriefing.com/okx-okb-token-crashes-50-liquidations/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/okx-okb-token-crashes-50-liquidations/?utm_source=feed&utm_medium=rss
Crypto Briefing
OKX’s OKB token crashes 50% in minutes following wave of liquidations
OKX's native token sees a 50% drop due to mass liquidations; the exchange now focuses on recovering losses for its users.
Avalanche Foundation outlines meme coin buying policy
https://cryptobriefing.com/avalanche-foundation-outlines-meme-coin-buying-policy/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/avalanche-foundation-outlines-meme-coin-buying-policy/?utm_source=feed&utm_medium=rss
Crypto Briefing
Avalanche Foundation outlines meme coin buying policy
The Avalanche Foundation defines meme coin eligibility through criteria like fair launches, anti-sniping measures, and security practices.
Bitcoin set for supply shock as ETF buys surge and halving nears
https://cryptobriefing.com/bitcoin-supply-shock-etf-buys-surge-halving-nears/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/bitcoin-supply-shock-etf-buys-surge-halving-nears/?utm_source=feed&utm_medium=rss
Crypto Briefing
Bitcoin set for supply shock as ETF buys surge and halving nears
The upcoming halving and a surge in demand fueled by recently approved spot Bitcoin ETFs could trigger a Bitcoin supply shock.
BlackRock’s and three other Bitcoin ETFs billions now tracked on-chain
https://cryptobriefing.com/blackrocks-four-bitcoin-etfs-billions-tracked-on-chain/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/blackrocks-four-bitcoin-etfs-billions-tracked-on-chain/?utm_source=feed&utm_medium=rss
Crypto Briefing
BlackRock’s and three other Bitcoin ETFs billions now tracked on-chain
Almost 17,000 BTC were sent to addresses related to those four ETFs in the past 24 hours, with the total AUM surpassing $3 billion.
Crypto phishing scam drains $600,000 from users tricked by fake airdrops
https://cryptobriefing.com/crypto-phishing-scam-drains-600000-users-tricked-fake-airdrops/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/crypto-phishing-scam-drains-600000-users-tricked-fake-airdrops/?utm_source=feed&utm_medium=rss
Crypto Briefing
Crypto phishing scam drains $600,000 from users tricked by fake airdrops
Scammers used fake airdrop campaigns and trustworthy crypto brands to lure victims, amassing six-figure in crypto within eight hours.
Edward Snowden says ‘privacy is not a crime’ — asks support for Tornado Cash legal defense
https://cryptobriefing.com/edward-snowden-privacy-not-crime-asks-support-tornado-cash-legal-defense/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/edward-snowden-privacy-not-crime-asks-support-tornado-cash-legal-defense/?utm_source=feed&utm_medium=rss
Crypto Briefing
Edward Snowden says 'privacy is not a crime' — asks support for Tornado Cash legal defense
Snowden asked his followers to pitch in to help Storm, who is currently facing charges for his part in creating Tornado Cash.
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Nasdaq report reveals over $3 trillion in illegal flows from 2023, omits mention of crypto
https://cryptobriefing.com/nasdaq-report-reveals-over-3-trillion-illegal-flows-2023-omits-mention-crypto/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/nasdaq-report-reveals-over-3-trillion-illegal-flows-2023-omits-mention-crypto/?utm_source=feed&utm_medium=rss
Crypto Briefing
Nasdaq report reveals over $3 trillion in illegal flows from 2023, omits mention of crypto
Notably, the report did not mention cryptocurrencies like Bitcoin or stablecoins as conduits for these illicit funds.
Nexo files claim for $3 billion in damages over dropped criminal investigation
https://cryptobriefing.com/nexo-files-claim-3-billion-damages-over-dropped-criminal-investigation/?utm_source=feed&utm_medium=rss
https://cryptobriefing.com/nexo-files-claim-3-billion-damages-over-dropped-criminal-investigation/?utm_source=feed&utm_medium=rss
Crypto Briefing
Nexo files claim for $3 billion in damages over dropped criminal investigation
The suit comes after prosecutors raided Nexo's offices in early 2023 on allegations of organized criminal activity related to crypto lending.