Category: crypto

Nearly 91% of Sui stake validators approved the release of $162 million seized in a recent exploit, allowing Cetus to reimburse users and resume operations. Funds will be transferred to a multi-signature wallet for repayment, with a roadmap outlined for recovery within a week.Validators will execute a protocol upgrade to unlock the frozen assets and…

The Bitcoin 2025 conference in Vegas drew 30,000 badge-wearing attendees, focusing on Bitcoin’s integration into mainstream politics and finance. Highlights included Tether’s plans to become a major Bitcoin miner, regulatory discussions, and new Bitcoin-related products and initiatives. However, concerns were raised about straying from Bitcoin’s original cypherpunk ethos. The content discusses the benefits of using…

The SEC has clarified that common forms of crypto staking are not subject to securities laws, including self-staking, delegated staking, custodial, and non-custodial forms. This decision is supported by SEC Commissioner Hester Peirce but criticized by Commissioner Caroline Crenshaw. The clarification could impact spot Ethereum exchange-traded funds by removing regulatory obstacles.

Bitcoin-native lending platform Liquidium has introduced a new cross-chain product called Liquidium Cross-Chain Loans, allowing users to lend and borrow assets across Bitcoin, Ethereum, and Solana networks. The product uses Chain Fusion Technology to enable direct communication between blockchains without third-party bridges. The platform aims to address limitations in decentralized finance and is set to…

Chainlink’s price feed malfunction on May 29 caused over $500,000 in liquidations, raising concerns about oracle reliability in DeFi. The incident involved the deUSD stablecoin on Avalanche’s Euler Finance protocol, prompting debate on oracle manipulation and errors. Chainlink defended its data accuracy, while critics highlighted risks in using illiquid assets as collateral.

Netflix has greenlit a limited series called The Altruists, based on the collapse of cryptocurrency exchange FTX and its co-founder, Sam Bankman-Fried. The show, produced by Barack and Michelle Obama’s Higher Ground banner, stars Julia Garner and Anthony Boyle. It will explore FTX’s rise, downfall, and the relationship between Bankman-Fried and Caroline Ellison. Production is…

Trump Media & Technology Group completed a $2.44 billion private placement to fund a Bitcoin treasury strategy. The deal involved 50 institutional investors and includes the sale of shares and convertible notes. The company aims to accumulate Bitcoin and become one of the top five public companies by Bitcoin holdings globally. CEO Devin Nunes sees…

Coinbase has expanded its derivatives offerings to include 24/7 trading for XRP and Solana futures. This move is part of the platform’s overall expansion in the derivatives market, allowing users to trade these assets around the clock.

Donut, a new crypto-native browser for autonomous agents, raised $7 million in pre-seed funding to transform how users and AI interact with the decentralized web. Integrating crypto wallets, networks, and DEXs, Donut allows instant asset swapping, betting, and yield earning. The company aims to become the primary browsing layer for crypto-native AI agents.

Elon Musk denied signing an agreement with Telegram to distribute the Grok large language model, despite Pavel Duvov’s announcement. They had agreed in principle but formalities were pending. The deal would provide Telegram with $300 million in cash and equity. Musk also confirmed his exit from the US Department of Government Efficiency.