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New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State
15.6.2024
New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were unable to withdraw when the program collapsed....
Analysts Predict BTC Hitting $200,000 Next Year and $1 Million by 2033 — ‘We Believe Bitcoin Is in a New Bull Cycle’
15.6.2024
Global asset management firm Alliance Bernstein’s analysts predict that the price of bitcoin could soar to $200,000 by 2025, $500,000 by 2029, and an astounding $1 million by 2033. “We believe bitcoin is in a new bull cycle,” they said. Bullish Bitcoin Price Prediction...
UwU Lend offers a $5M bounty to whoever catches its exploiter
14.6.2024
The UwU Lend hacker has now stolen a combined $24 million from the protocol across two attacks
Permissionless Restaking Protocol Symbiotic Launches Raising $5.8 Million in Seed Round
14.6.2024
Symbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in its seed funding round led by Paradigm and Cyber.fund, which will be used...
Holograph fell 80% in 9 hours after exploiter mints 1B additional HLG
14.6.2024
The 1 billion HLG tokens were worth $14.4 million at the time of the first mint, Etherscan data shows
Attorney Disbarred After Misappropriating $4 Million in Bitcoin Funds
14.6.2024
The Supreme Court of Georgia, the highest judicial authority of the U.S. state of Georgia, has disbarred attorney Diana McDonald on June 11 for misappropriating $4 million from a bitcoin escrow transaction. In 2019, McDonald acted as a fiduciary for a client involved in a Bitcoin deal that failed...
Paradigm Secures $850 Million for Third Crypto Fund, Targets Early-Stage Projects
13.6.2024
On June 13, the leading San Francisco-based crypto-focused venture capital firm Paradigm revealed it has secured its third fund, totaling $850 million, aimed at early-stage crypto projects. Paradigm Announces $850 Million Fund Established in 2018 by Coinbase co-founder Fred Ehrsam and ex-Sequoia...
Nuffle Labs Raises $13 Million to Expand Modular Infrastructure for Blockchain Layers
13.6.2024
Nuffle Labs, a contributor to the Near Protocol and Ethereum, has secured $13 million in a funding round led by Electric Capital. The investment aims to enhance its modular infrastructure services across various blockchain layers, promising cost-efficient solutions and rapid data finality. Nuffle...
Paradigm raises $850M for third crypto fund
13.6.2024
Paradigm has been discussing its new crypto fund for the past few months as markets rebounded
Valve Is Being Sued For $838 Million Over Alleged Pricing Restrictions
13.6.2024
People do like to try to sue Valve, most often alleging that Steam has some sort of monopoly over the PC games market. This is likely because Steam just might have some sort of monopoly over the PC games market. The latest attempt to break the Washington-based developer’s stranglehold comes from...
Zero-knowledge Manta Network launches $50M ecosystem fund
13.6.2024
Early-stage projects building on Manta Network can receive up to $50,000 in grants
Egyptian Fintech Startup Sahl Raises $6 Million in Series A Funding Round
13.6.2024
The Egyptian fintech startup Sahl has raised $6 million through a Series A funding round. The startup is set to use the capital raised to strengthen its local operations and fund its expansion into the Kingdom of Saudi Arabia. Sahl’s Strategic Partnerships The Egyptian fintech startup Sahl...
MicroStrategy plans $500M stock sale to buy more Bitcoin
13.6.2024
MicroStrategy plans a $500 million stock sale to fund additional Bitcoin acquisitions, reinforcing its commitment to BTC as a treasury reserve asset
Pixelverse Raises $5.5 Million to Expand Web3 Gaming Ecosystem
12.6.2024
Pixelverse, a developing entertainment studio and game ecosystem, has secured $5.5 million in a private funding round led by prominent Web3 venture capital firms. The funds are intended to support the growth of Pixelverse’s gaming platform, which has seen significant user engagement since...
Report: Major Entities Hold Over 4 Million Bitcoin, Accounting for 27% of Supply
12.6.2024
The latest Glassnode onchain report reveals that major labeled entities collectively hold approximately 4.23 million bitcoin, representing over 27% of the adjusted circulating supply. This significant concentration of BTC holdings underscores the prominent role these entities play within...
Grayscale Bitcoin ETF witnesses outflow amounting to $121 million
12.6.2024
Grayscale Bitcoin ETF witnesses an outflow of $121 million following a selling exercise of 1,800 BTC. From the time the bitcoin ETF received consent, the selling of assets has reached the figure of 335,000 BTC, whereas, in the case of different suppliers, they are noting down figures about inflows....
US Bitcoin ETFs See $200 Million Outflow; Grayscale Leads With $121 Million
12.6.2024
U.S. spot bitcoin exchange-traded funds (ETFs) witnessed $200.31 million in outflows on Tuesday following the $64 million in outflows the day prior. Grayscale’s Bitcoin Trust (GBTC) shed the most with a $121 million reduction. Spot Bitcoin ETFs Lose Ground Spot bitcoin ETFs have recorded...
OKX investigates multi-million account thefts after SIM swap attacks
12.6.2024
According to SlowMist, despite the two similar phishing incidents, OKX’s two-factor authentication mechanism was not the main vulnerability point
Squads Labs Raises $10 Million in Series A Round, Launches Fuse Smart Wallet
12.6.2024
Squads Labs, the team behind the Squads Solana-based smart accounts protocol, the Squads app, and the smart account-enabled wallet Fuse, announced it raised $10 million in its Series A funding round. Led by Electric Capital, the funds will be used to improve the functionality of already existing...
Crypto Exchange Lykke Confirms Platform Breach; Reports Theft of Assets Valued at $22 Million
11.6.2024
The cryptocurrency exchange Lykke confirmed on June 10 that it fell victim to a breach, resulting in a hacker stealing digital assets valued at $22 million. Lykke stated that it had shut down the affected systems to contain the damage and assured users that their funds remained secure. Lykke Faces...