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Compound Finance confirms ZachXBT’s Hack Warning


Earlier today, renowned crypto investigator ZachXBT warned users to avoid the Compound Finance website. In a Telegram post, ZachXBT said that the ”Compound Finance website seems to potentially be hijacked do not visit the site for the time being.”  ZachXBT added that the website “currently...

Grayscale Sets Record Date for Ethereum Mini Trust Distribution


Grayscale Investments has announced a record date of July 18, 2024, for the initial distribution of shares in the newly formed Grayscale Ethereum Mini Trust. The distribution will be allocated to shareholders of the existing Grayscale Ethereum Trust on a 1:1 basis. Grayscale Prepares for July...

Bitcoin ETFs Capture $216M in Third Consecutive Day of Inflows


The 11 U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows for the third consecutive day on Tuesday, bringing in $216.33 million. Blackrock’s IBIT was the top performer, securing $121.03 million during the trading sessions. Fidelity’s FBTC and Blackrock’s IBIT Drive...

Study: Gen Z Prefers Digital Assets in Uncertain Times; Gold Remains Popular


While investors generally prefer physical assets to digital ones, the findings of a new study indicate an overwhelming majority of Gen Zers are “more likely than other generations” to trust digital assets in uncertain times. The survey also found that 89% of gold investors consider it...

Singapore Exchange CEO Discusses Future of Crypto Listings


Singapore Exchange (SGX) CEO Loh Boon Chye has shared his insights on whether Singapore’s largest stock exchange will offer crypto-based listings. The executive emphasizes the need for a sustainable ecosystem, stating: “That really means demand, that really means governance, that really...

China Halts Gold Buying for Second Consecutive Month


China’s central bank, the People’s Bank of China (PBOC), has paused its gold accumulation for the second consecutive month, keeping its reserves steady at 72.8 million troy ounces. This pause ends an 18-month streak of continuous gold purchases that began in November 2022...

Moonpay Partners With Mesh to Enhance Crypto Accessibility


Moonpay has announced a new partnership with Mesh, aimed at simplifying the process of depositing and transferring crypto assets from centralized exchanges. This collaboration seeks to enhance liquidity and accessibility for users across the crypto industry. Moonpay and Mesh Partner to Expand...

US Spot Bitcoin ETFs See Second Day of Inflows, Amassing $294.9 Million


On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of inflows, accumulating $294.9 million. Blackrock’s IBIT dominated the trading sessions, attracting $187.21 million in inflows. Blackrock’s IBIT Dominates With $187.21 Million Spot...

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