Everything web3, crypto, defi, degen
In brief OFAC sanctioned Garantex on Thursday for its role in processing more than $100 million linked to illicit activities. It also blacklisted six businesses and three executives tied to the exchange. Blacklisting platforms that offer services aimed at circumventing sanctions is crucial to OFAC’s mission, an analyst said. The U.S. Department of Treasury’s Office of…
The momentum has shifted in the yearslong battle between top crypto companies and protocols and the U.S. Securities and Exchange Commission under the new Trump administration. The regulator, which now has a crypto-friendly chairman in Paul Atkins and a crypto task force led by longtime industry advocate Hester Peirce, is moving away from what Pierce and…
In brief Bitcoin-based memecoin launchpad Odin.fun has lost 58.2 BTC, worth roughly $7 million, via an exploit. The platform has paused operations, but says it will be back next week The exploit was what is termed a “liquidity manipulation” attack, according to third-party security researchers Bitcoin-based meme coin launchpad Odin.fun has lost approximately 58.2 BTC,…
ETH NEARS ATH, SOL BREAKS $200, PUMP BACK TO ICO PRICEETH & SOL soar, BTC dominance below 60%. ETH ETFs see $2.3b of inflows in 6 days. SOL breaks $200, DeFi TVL at three year highs. BitMine upsizes offering to buy ETH to $25bn. Crypto sentiment jumps to ‘Greed’ in a week. Institutions now hold…
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
In brief Binance chief security officer, Jimmy Su, told Decrypt that North Korean attackers are the single biggest threat to crypto companies. He said that the centralized exchange throws away suspicious resumes every single day, and sometimes catches the malicious actor red handed during a video call. That’s not all, North Korean attackers also poison…
In brief Open interest in ETH futures positions surged to over $57 billion on Tuesday. ETH also topped all other coins in liquidations, as the token takes center stage for investors. The attention is largely thanks to ETH’s surging price, which is now closer to eclipsing its all-time high than at any point since 2021.…
In brief Stablecoin issuer Paxos applied for a national trust charter with the OCC. The firm joins Circle and Ripple among stablecoin companies seeking the national charter. In May, the OCC announced it would allow national banks to custody and manage crypto. Stablecoin and tokenization firm Paxos has filed an application with the Office of…
In brief Zora token surged 43% in 24 hours, gaining 129% weekly and 1,566% monthly following strong platform adoption. The Ethereum Layer-2 platform rewards creators for content sharing and was added to Base App in July for easier access. Recent surge driven by spike in coin creation activity (47,000 new tokens Sunday) and new Binance…
In brief BNB Network Company spent $160 million from its $500 million treasury plan to buy 200,000 BNB, becoming the largest corporate holder of the token. The move is part of a shift toward BNB Chain’s ecosystem, which the company says has 250 million users but little U.S. institutional exposure. Executives and analysts are split…
