Orbit Chain Hacker Moves $48M to Tornado Cash
The exploiter behind the $82 million Orbit Chain hack over New Year’s Eve has resurfaced, moving $47.7 million to the cryptocurrency privacy mixer Tornado Cash after months of inactivity. Details of the…
South Korea’s Bitcoin Premium Rebounds After Recent Low
Bitcoin (BTC) is once again trading at a premium in South Korea after experiencing a recent dip. This phenomenon, often referred to as the “Kimchi Premium,” highlights the distinct market dynamics in…
Binance Reaches 200 Million Users and $100 Billion in Assets Under Custody
Binance, the world’s largest cryptocurrency exchange by daily volume, announced on June 8 that it has reached 200 million global users, marking a significant milestone in its growth trajectory. Celebrating a Milestone…
Trump Declares Himself “Crypto President” at San Francisco
Former President and 2024 Republican nominee Donald Trump has declared himself a “crypto president” at a tech fundraiser in San Francisco, raising $12 million from tech venture capitalists David Sacks and Chamath…
Potential Impact of U.S. Elections on Solana ETF Approval
The approval of spot Ether ETFs has set the stage for other altcoin ETFs, with Solana, XRP, Chainlink, and Dogecoin being potential candidates. However, the approval of these ETFs might hinge on…
New U.S. Law Grants President Power to Block Digital Asset Access
A recently enacted U.S. law has granted the president unprecedented authority to block access to digital assets, sparking widespread concern about its broad implications and potential impact on users. Effective June 6,…
FTX Reaches $200M Settlement with IRS on Tax Bill
Bankrupt crypto exchange FTX has reached a tentative agreement with its largest creditor, the United States Internal Revenue Service (IRS), to settle a $24 billion tax dispute. This agreement, which hinges on…
Regulatory Changes Could Unlock $20 Trillion for Crypto: Bitwise
The head of investments at Bitwise, Matt Hougan, believes that regulatory clarity in the United States could unlock the $20 trillion financial advisory industry for the crypto market. Current Regulatory Barriers According…
Dapper Labs Settles NFT Securities Lawsuit for $4 Million
Dapper Labs has reached a tentative settlement with investors who accused the non-fungible token (NFT) company and its co-founder and CEO, Roham Gharegozlou, of violating federal securities laws. This settlement, pending approval…
Frax Finance CEO Suspects Insider Involvement in X Account Hack
Frax Finance’s X account was hacked on June 1, despite no passwords being breached or tampered with. The incident has led CEO Sam Kazemian to suspect insider involvement at X, possibly pointing…
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