Tether (USDT), renowned as the foremost stablecoin globally, has played a central role in enabling seamless transactions within the blockchain realm. However, recent revelations stemming from an analysis conducted by TRM Labs, a prominent blockchain analytics firm, cast a shadow on the extensive usage of USDT. According to their findings, USDT has been notably prevalent…

Copper, a crypto custody firm, allegedly hosted an event in London where sushi was served off two partially clad models, as reported by the Financial Times. Known as “The Copper Experience,” the private function took place at the upscale Mandrake Hotel in London’s Fitzrovia following the Digital Assets Summit 2024. According to the FT, a…

During a Tuesday hearing in Delaware, court documents unveiled FTX’s intention to declare its creditors’ “Sam Coins” effectively worthless amid the company’s extensive bankruptcy proceedings. FTX has announced the devaluation of “Sam Coins. FTX Trading LTD. has enlisted the expertise of NYU Professor of Finance Sabrina Howell to delve into the valuation of several “Sam…

Recent on-chain data indicates a significant buying spree by Bitcoin whales over the past week, signaling potential bullish momentum for the cryptocurrency’s value. In recent times, Bitcoin whales have acquired over 100,000 BTC. Analyst Ali, in a recent post on X, highlighted a significant trend regarding Bitcoin whales, who have collectively acquired more than 100,000…

Ethereum staking confronts an impending challenge of centralization, a concern acknowledged by the network’s co-founder, Vitalik Buterin, who unveiled a potential solution on Tuesday. In a comprehensive blog post, Buterin outlined his proposal aimed at amending the penalty system for Ethereum validators. The essence of his suggestion lies in augmenting the repercussions for collusive misconduct…

quick take Hong Kong’s in-kind Bitcoin ETFs may lead to a potential surge in volume. Analysts anticipate an increase in Assets Under Management (AUM) through innovative ETFs. The approval of in-kind ETFs has the potential to reshape the market landscape. Hong Kong is on the verge of contemplating the inclusion of in-kind creations and redemptions…

On March 25, blockchain investigator firm Arkham Intelligence revealed that the fifth-richest Bitcoin whale had transferred 94,504 BTC, valued at $6.05 billion, to three fresh addresses. Notably, the Bitcoin wallet, known as 37X, had remained inactive since 2019. Following its recent transfer activity, the Bitcoin whale associated with address 37X now holds 1.31 BTC. In…

Renowned for his book “Rich Dad, Poor Dad,” Robert Kiyosaki has expressed backing for Bitcoin. In remarks made on March 26, he hailed Bitcoin as “the perfect asset for the present moment,” while acknowledging the possibility of it being construed as a scam or Ponzi scheme. Despite his enduring bullish perspective on Bitcoin, the best-selling…

summary The International Monetary Fund has published an extensive report detailing the potential advantages of Central Bank Digital Currencies (CBDCs) for nations in the Pacific islands. Suggestions for implementing the recommendations provided in the report. A thorough report released by the International Monetary Fund (IMF) emphasizes the prospective advantages of digital currency, focusing on stablecoins…

Curio, a venture dedicated to enabling liquidity from tangible assets for businesses, has encountered a setback due to a smart contract exploit linked to vulnerabilities in its voting power mechanisms. In response, Curio has announced its intention to launch a fund compensation initiative for liquidity providers affected by the exploit. However, the process is expected…