A common chant from many in this space these days in response to any discussion of changes to the Bitcoin protocol is “Don’t mess with Layer 1! You can just build it on Layer 2!” This seems like a very logical thing to do, right? Why risk the security and stability of L1 when you […]

A wallet that received 5.44 million uniswap {{UNI}} tokens in 2020 sold 90,000 UNI worth $1.03 million during Friday’s price surge to $12.80.

The funds will be used to build out its three core products, “Avail DA,” “Nexus,” and “Fusion Security.”

MicroStrategy has purchased an additional 3,000 bitcoin {{BTC}} for $155 milllion, bringing the company’s total BTC holdings up to $6.09 billion.

Crypto-focused investment products saw the fourth consecutive week of inflows, data shows.

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Users of cryptocurrency exchange BitForex have been blocked from accessing the website. Blockchain sleuth ZachXBT reported that $57 million has been drained out of the exchange’s hot wallets.

“We are going to follow Uniswap’s lead in proposing it. It will be up to the community to pass it,” Frax’s CEO Sam Kazemian told CoinDesk.

The phishing attempt has already led to $440,000 worth of crypto being stolen.

“Without a bounce from here, we could see a deeper correction begin, potentially as low as $47,000-$49,000,” one trader said.