Category: crypto

Sui blockchain network experiences outage due to bug in transaction scheduling logic. Team working on fix. Price of SUI drops by 7% amid outage. Sui’s DeFi ecosystem growing rapidly with high trading activity and total value locked. Analysts remain optimistic about Sui’s future despite setback. Comparisons to Solana’s history of disruptions.

South Korean authorities have recovered 4.8 Bitcoin linked to the 2019 Upbit exchange hack by North Korean hackers, who stole $41.4 million worth of Ethereum. The investigation confirmed the involvement of North Korean hacker groups Lazarus and Andariel. The recovered Bitcoin has been returned to Upbit, which is under scrutiny for KYC violations and market…

Bitwise Asset Management is working towards launching a spot Solana exchange-traded fund (ETF) by registering a statutory trust in Delaware. The company plans to file with the SEC for approval, which would allow investors to track Solana’s market price. Bitwise faces competition from other firms pursuing similar ETFs, and the rise of Solana reflects its…

The SEC distributed $4.6 million to investors of BitClave’s defunct 2017 ICO as part of a settlement. BitClave raised $25.5 million in seconds, but faced charges for unregistered securities sale. Despite discrepancies in fund allocation, the SEC is compensating affected investors to address legal challenges from the ICO era.

Digital Currency Group (DCG) has launched Yuma, a subsidiary focused on accelerating startups building decentralized intelligence projects using Bittensor’s infrastructure. DCG founder Barry Silbert will lead Yuma, providing capital, infrastructure, and expertise to develop applications on Bittensor. Bittensor is a decentralized AI network rewarding contributors with its native token TAO.

Agant is launching GBPA, a pound sterling stablecoin to meet the demand for regulated digital currency solutions in the UK. The stablecoin will be backed by cash and HQLA, with a compliance-first strategy. Agant aims to revolutionize remittances and cross-border payments, with partnerships across blockchain ecosystems and plans for future developments. Regulatory compliance and revenue…

MicroStrategy has increased its convertible debt offering to $2.6 billion to fund additional Bitcoin acquisitions and corporate needs. The notes will be sold privately and mature in 2029 without regular interest. The firm’s stock performance has led to its rise to the top 100 US publicly traded companies, with a significant increase in Bitcoin holdings.

Bitcoin’s independence from traditional indices like S&P 500 and Nasdaq has been growing post-election, indicating a shift in investor preferences. Bitcoin’s performance has outpaced that of S&P 500 and Nasdaq, reflecting changing trends in the market.

Gary Wang, former FTX CTO, received no additional jail time after cooperating extensively with U.S. prosecutors in a major financial fraud case. He helped uncover FTX’s misuse of customer funds, leading to the prosecution of former CEO Sam Bankman-Fried. Wang expressed remorse and pledged to continue assisting investigations.

The Bank for International Settlements (BIS) revealed that institutional players dominate liquidity provision on decentralized exchanges (DEXs) like Uniswap. The report analyzed the behavior of sophisticated and retail participants in Uniswap v3’s liquidity pools, highlighting how institutional players replicate traditional finance strategies to gain a competitive edge. Retail participants struggle to compete due to their…