First Mover Americas: GBTC Discount Narrows to Lowest Since May 2022
11.7.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for July 11, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Chainlink Price Feeds now support tokenized assets of Backed
11.7.2023
Chainlink has announced supporting Backed’s tokenized real-world assets via Chainlink Price Feeds. The bTokens that are now supported by the price feed mechanism are IBO1, IBTA, and CSPX. The announcement has said that Chainlink Price Feeds backing the tokens will help them gain integration...
Bitcoin, Ethereum Technical Analysis: ETH Over $1,900 as Greenback Weakens on Tuesday
11.7.2023
Ethereum moved briefly above the $1,900 level on Tuesday, as the U.S. dollar weakened versus several G7 currencies. The biggest fall came versus the British pound, with USD/GBP hitting a 15-month low. Bitcoin also rose higher, climbing past $31,000 earlier in the day. Bitcoin Bitcoin (BTC) moved...
BNB & XRP drop hand in hand – New crypto gems take over their market dominance
11.7.2023
While many crypto projects are taking on the markets and surging high, many go hand in hand, like BNB and XRP. These tokens are dipping in monthly charts, close to breaking out of their relative support zones. Fortunately, a new coin is coming on the market soon, which may take the lead from...
Rodeo Finance Exploited For $888,000 In Another DeFi Hack on Arbitrum Network
11.7.2023
Arbitrum Network-based Rodeo Finance lost 472 ether ($888,000) in a DeFi exploit today.
Blockchain security firm PeckShield revealed that the Rodeo Finance hacker transferred the stolen funds from Arbitrum to Ethereum.
Further analysis revealed that the attacker exchanged the stolen tokens...
Former SEC Chairman Highlights Conditions for Bitcoin ETF Approval
11.7.2023
Former Securities and Exchange Commission (SEC) chairman Jay Clayton has said that a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to get approved if it can be shown that the Bitcoin spot market offers the same “efficacy” as the futures market.
“If they’re [applicants] right—that...
NEAR Foundation publishes Transparency Report for Q2-2023
11.7.2023
NEAR Foundation has published its quarterly report titled NEAR Foundation Transparency Report: Q2 2023. This is the second installment this year and highlights its developments and advancements in Blockchain Operating System, Web2.5 strategy, and Web3 partnerships. These are only a few points...
Arbitrum-based Rodeo Finance exploited for $1.53M, the second time in a week
11.7.2023
The exploiter manipulated price oracles to gain the upper hand on trades they executed using the manipulated price
Battle for DeFi – Synthetix vs Tradecurve, who wins?
11.7.2023
Synthetix is an established set of platforms that allows people to trade synthetic versions of real-world assets on the blockchain. Tradecurve is an up-and-coming hybrid decentralized exchange allowing people to trade derivative assets on-chain. Let’s see how they measure up. More about...
Child-Focused Egyptian Fintech Startup Secures $1.5 Million in Funding
11.7.2023
Egyptian fintech startup Masroofi recently raised $1.5 million through an investment round supported by unnamed investors. The capital raise came shortly after Masroofi’s co-founders reportedly rejected a funding offer from investors in the “Shark Tank” program. Investors Drawn...
MetaMask Developer ConsenSys Brings Layer 2 Blockchain ‘Linea’ To Ethereum Mainnet
11.7.2023
The rollup chain from ConsenSys, known as a zkEVM, joins a growing field of projects aiming to expand access to Ethereum using zero-knowledge cryptography
China could benefit from yuan stablecoin over its CBDC - Circle CEO
11.7.2023
China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency