On February 26, Lighter, a decentralized crypto exchange, announced that its upgraded liquidity pool system successfully resisted a $50 million ARC perpetual long squeeze attempt. This occurred after approximately 600 traders reversed a whale’s position, resulting in an $8.2 million loss, and the episode tested Lighter’s newly launched LLP Strategies, capping the downside risk for […]
World Liberty Financial has proposed a new staking-focused governance system for WLFI holders – the WLFI Governance Staking System. It makes WLFI tokens the primary tool for community governance, and allows holders to influence the ecosystem while promoting long-term participation. The proposal’s main goals are to encourage active governance, require staking for voting with unlocked […]
Although they have ended the underwhelming zero-inflow-day streak, the spot XRP ETFs are still far away from their initial glory in terms of net inflows. At the same time, the underlying asset continues to fight with BNB for the fourth spot in the cryptocurrency market cap ranking, but it sits inches below a crucial resistance. […]
US federal agents have seized more than $61 million worth of USDT. Investigators traced the seized funds to cryptocurrency addresses allegedly linked to the laundering of criminal proceeds obtained through “pig butchering” schemes. According to the official press release, the funds were connected to scams in which victims were recruited and manipulated into transferring money […]
Solana-based DeFi aggregator, Step Finance, along with two other affiliate projects, SolanaFloor and Remora Markets, announced plans to shut down all operations with immediate effect. The decision follows the aftermath of a major security incident earlier this year. Hack, Halt, Shutdown In a statement shared on X, the teams said the decision came after exploring […]
Ethereum co-founder Vitalik Buterin has shared a quantum resistance roadmap for the ecosystem. This follows the identification of post-quantum readiness as a critical consideration across several areas of development. Quantum Security Upgrades In a post shared on social media, Buterin outlined specific parts of the network that could face vulnerabilities from advances in quantum computing, […]
The intense volatility in the cryptocurrency markets continues as bitcoin just shot up to $67,000 after plunging to $63,000 this morning. The most likely reason for all the Saturday fluctuations is the quickly escalating situation in the Middle East, and the latest reports hinting at a regime change in Iran. It all started this morning […]
Jack Dorsey announced that Block is reducing its workforce by nearly half, cutting more than 4,000 employees and bringing total headcount from over 10,000 to just under 6,000. In a note shared publicly on X, Dorsey described the move as “one of the hardest decisions in the history” of the company and said all employees […]
The enhanced price volatility this week continues, as bitcoin has started to lose value rapidly once again, dropping to a multi-day low of well under $63,600. The latest leg down was likely prompted by the quickly escalating global tension, especially between the two old enemies – Iran and Israel. The breaking story started to develop […]
Reid Hoffman, the prominent venture capitalist and co-founder of the world’s leading professional networking service, LinkedIn, is heavily invested in Ethereum, according to Arkham Intelligence. Data cited by the firm shows Hoffman holds $6.1 million worth of ETH in a publicly known address. He also owns a CryptoPunk NFT, which was purchased for 150 ETH […]