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Decentralized Exchange Mixin Kernel Confirms Hack on Its Platform Involving Approximately $200M
25.9.2023
Mixin Kernel confirmed on Sept. 25 that it was the victim of a hacking attack which had resulted in the loss of assets on the mainnet. The decentralized exchange said it has since suspended deposit and withdrawal services and only expects to restore normal services once a probe into the incident...
Liquid-Staking Token-Backed Stablecoin MKUSD Surges 27,000% in Under a Month
23.9.2023
Since the start of 2023, the size of the stablecoin economy has decreased amid numerous redemptions. However, new stablecoin asset projects, such as Aave’s GHO, First Digital’s FDUSD, and Paypal’s PYUSD, have emerged. On September 1, a stablecoin protocol named Prisma Finance...
Client Demand and ‘Negative Events’ Pushing Tradfi Institutions Towards Crypto — Bitrue Chief Strategy Officer
23.9.2023
Growing client demand for cryptocurrencies and the belief that they represent a new asset class help to explain traditional financial institutions’ newfound interest in digital assets, the chief strategy officer at Bitrue has said. The collapse of FTX and Terra Luna in 2022 and the resulting...
DeFi activity on the decline, but investment rolls in: Finance Redefined
23.9.2023
The total value locked in DeFi plunged by nearly $5 billion in the past week, falling to $44 billion, according to DappRadar data
Coinshares Unveils New Crypto Hedge Fund Division, Widens Institutional Services to US
23.9.2023
Coinshares, a European digital asset manager, is moving into the U.S. with a new hedge fund division aimed at institutional investors. The firm, based in Saint Helier, Jersey, intends to offer comprehensive services for institutions exploring crypto assets. Coinshares Expands to U.S. With New Hedge...
Base surges past Solana as total value locked nears $400M
23.9.2023
As per DeFi Llama data, Solana’s TVL has decreased by 9.64% over the past month to sit at $358.96 million, while Base’s TVL has surged to $397.32 million
Coinbase Has Recently Held Talks to Buy FTX Europe: Fortune
22.9.2023
European Crypto Asset Manager CoinShares to Enter U.S. Hedge Fund Fray
22.9.2023
CEO Jean-Marie Mognetti described the move as "a natural progression", given the "changing macro environment prominently marked by interest rates and inflation."
VVS Flawless Liquidity’s beta launch goes live
22.9.2023
The beta version of VVS Flawless (V3) Liquidity is now live, allowing users to test the product and share their opinion about it. This will help make more improvements and bring the final product to market to its best ability. The goal here is to optimize the performance of V3 before the fourth...
Digital Assets Worth Billions Still Secure Despite Rise in Cyber Attacks — Former Microsoft Security Lead
22.9.2023
A former Microsoft Security Lead has insisted that a great proportion of digital assets worth billions of dollars are secure and are being “safely managed by hundreds of protocols.” The security expert suggested that protocols also need to have a platform that allows users to rate...
FTX Sues Former Employees of Hong Kong Affiliate, Seeks $157 Million
22.9.2023
The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million
Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M
22.9.2023
Bitcoin miner Core Scientific (CORZQ) has agreed to exchange $23.1 million in cash and $53.9 million in common stock for 27,000 Bitmain S19J XP 151 TH bitcoin mining servers, according to a press release
Nouns DAO’s $27M Revolt Reveals Toxic Mix of Money-Hungry Traders and Blockchain Idealists
21.9.2023
It wasn't only the $90,000 spent on naming rights for a rare Ecuadorian frog species that turned off members of this decentralized blockchain-powered community project; some savvy arbitrageurs just wanted their share of the project's treasury
‘You Can Do Nothing’: Crypto Trading Titans Are Yelling at Each Other on Elon Musk’s X
21.9.2023
“I never thought that you could be THAT scared of us,” DWF’s Andrei Grachev posted on X. Wintermute’s Evgeny Gaevoy: “We are trembling in your presence.”
Ubisoft Announces The Division 3, Adding To Its Pile Of Unreleased Division Games
21.9.2023
Ubisoft just announced a new entry in its popular third-person tactical military online looter shooter series, The Division. You probably didn’t notice The Division 3 was revealed because Ubisoft buried the news inside a corporate press release announcing a new executive producer for the “Division...
Top 3 Crypto Myths Tackled for Advisors
21.9.2023
Christopher Jensen from Franklin Templeton tackles myths about crypto in the Crypto for Advisors newsletter
Stablecoin Issuer Tether Ventures Into AI With Northern Data in $427M Nvidia Chip Splurge
21.9.2023
Damoon, a Tether subsidiary in which Northern Group acquired a stake earlier this year, has purchased $427 million of Nvidia chips for generative AI cloud computing
NEAR Foundation’s Marieke Flament Steps Down as CEO
21.9.2023
General Counsel Chris Donovan will assume her role at the organization behind the NEAR protocol
Galaxy Digital Eyes European Expansion With New Regional CEO
21.9.2023
Mike Novogratz's firm has appointed Leon Marshall, its existing global head of sales, as its first European CEO
DraftKings' Billionaire-Backed Crypto Analytics Firm CoinScan Raises $6.3M
21.9.2023
The company is backed by Shalom Meckenzie, the largest individual shareholder in sports betting company DraftKings