BlackRock Bitcoin ETF outflows hit $2B over nine sessions NewUS spot Bitcoin ETF outflows rose to nearly $300 million on Wednesday, up from $95 million a day earlier, as five-session withdrawals reached $1.44 billion.
Here’s what happened in crypto today NewNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
South Korea to permit crypto withdrawal freezes during hacking threats NewThe move follows recent security incidents involving South Korean crypto exchanges, including GOPAX’s precautionary suspension of services and a $70,000 hot-wallet breach at Prabang.
Binance CSO unwittingly foreshadowed $6.3B hack tactic months before attack NewIn a July interview, Binance chief security officer Jimmy Su explained how fake coding assessments could compromise employee devices, a tactic later used in the exchange’s record-breaking hack.
MSCI confirms Strategy’s removal from indexes at end of November NewStrategy, Metaplanet and Upexi are marked for deletion in MSCI’s final list, with changes taking effect after the Nov. 30 close.
Suiet wallet to shut down in latest exit from Sui ecosystem NewThe self-custodial wallet will keep its API services running through Nov. 14. Sui’s DeFi total value locked has fallen more than 22% over the past month.
Nvidia preparing to oust CEO Jensen Huang after affairs: WSJ NewThe report about Huang’s possible departure came after the New York Times reported that he had a second extramarital affair.
BRICS to Promote National Currencies Before Issuing Common OneThe BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of…
‘Evil Crypto’ Can Be Used in Foreign Trade, Russia’s Deputy Finance Minister SaysCryptocurrency may be bad for investors but it can be useful in international settlements, according to a top government official in Moscow. Russian authorities intend to set up a special committee that would issue permits to operators employing crypto in foreign trade transactions, he indicated. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions…
Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With ChinaBRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade. Economic Clash With West Requires Discarding Dollar, BRICS…
Robert Kiyosaki Says Regional Banks Are Being Wiped Out — Calls Fed ‘Criminal’Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase. Stating that the Fed “is criminal,” he warned that its actions “will bring down” the United States. Robert Kiyosaki Says the Fed Is Criminal The author of Rich Dad Poor Dad, Robert…
Russian Official Expects Agreement on BRICS Currency This YearThe chairman of the State Duma Committee on the Financial Market says that an agreement on the BRICS currency can be reached in 2023 as BRICS nations ramp up their de-dollarization efforts to shift away from U.S. dollar reliance. “By linking its economy and currency to politics, the U.S. is practically undermining the foundations of…
Meme Coin PEPE Surges by 152% This Week, Now the Fifth-Largest Meme Token by Market CapPepe (PEPE), the meme coin featuring the popular character Pepe the Frog, has experienced a significant surge in value in the past week, rising by 152.9% against the U.S. dollar. Recent statistics indicate that PEPE’s market capitalization has surged from $141 million on April 22 to a current valuation of $303 million. PEPE Jumps 99%…
NFT Sales Drop for Second Consecutive Month After Record-Breaking Start to 2023Sales of non-fungible tokens (NFTs) have declined by 5.76% over the past 30 days, according to the latest NFT sales statistics. The data reveals that the sales figure stood at $732.13 million in April, which is $44.75 million lower than the $776.88 million recorded in March. NFT Sales Decline by 5.76% in April, Ethereum Dominates,…
Bitcoin Mining Difficulty Set To Hit An All-Time HighIt’s gotten even harder to mine Bitcoin. Bitcoin’s mining difficulty is set to exceed the 40 trillion mark for the first time this weekend. According to on-chain data, the mining difficulty will increase by an estimated 10% from 39.16 trillion to 43.2 trillion. Bitcoin Mining Difficulty Set For Record Levels The mining difficulty expresses the…
Bitcoin Mining Difficulty Set To Hit An All-Time HighIt’s gotten even harder to mine Bitcoin. Bitcoin’s mining difficulty is set to exceed the 40 trillion mark for the first time this weekend. According to on-chain data, the mining difficulty will increase by an estimated 10% from 39.16 trillion to 43.2 trillion. Bitcoin Mining Difficulty Set For Record Levels The mining difficulty expresses the…
Top 5 Cryptos Seen To Explode In Price In The Final Days Of FebruaryAt the time of writing, the market for cryptos was shaken by major coins plummeting to weekly support ranges. However, although it seems that sentiment is still negative with major digital currency assets losing a good percentage in their values, some are glowing in green in almost all time frames, according to Coingecko. These five…
Top 5 Cryptos Seen To Explode In Price In The Final Days Of FebruaryAt the time of writing, the market for cryptos was shaken by major coins plummeting to weekly support ranges. However, although it seems that sentiment is still negative with major digital currency assets losing a good percentage in their values, some are glowing in green in almost all time frames, according to Coingecko. These five…
Polygon (MATIC) Tops List Among ETH Whales Ahead Of zkEVM LaunchThe Polygon network will launch its Zero Knowledge Ethereum Virtual Machine Beta by March. The community has been anticipating this launch as part of the significant upcoming development of Polygon. Also, its hype has helped push MATIC with an impressive performance over the past 30 days. Related Reading: Bitcoin Attracting Banks: Study Shows Over 130…
Polygon (MATIC) Tops List Among ETH Whales Ahead Of zkEVM LaunchThe Polygon network will launch its Zero Knowledge Ethereum Virtual Machine Beta by March. The community has been anticipating this launch as part of the significant upcoming development of Polygon. Also, its hype has helped push MATIC with an impressive performance over the past 30 days. Related Reading: Bitcoin Attracting Banks: Study Shows Over 130…
How These Whitehat Hackers Helped Oasis Network Get Back $140 Million In Stolen CryptoAccording to a recent announcement by Oasis Network on February 24th, the decentralized finance (DeFi) platform had collaborated with whitehat hackers to recover funds that had been stolen from Solana’s Wormhole bridge. On February 2nd, Wormhole had been hacked, and it was estimated that around $326 million worth of cryptocurrency had been stolen, with the…
Arkham Tracks 66 CoinJoin Transactions Linked to Bitget Exchange Hacker Since Nov. 6 NewTLDR Arkham says the Bitget hacker sent 847.26 BTC, worth $63.43 million, into CoinJoin since Nov. 6. That amount made up about 80.5% of the 1,052.34 BTC that left the hacker’s wallets over six days. About 959.29 BTC, worth $71.44 million, still sits in wallets Arkham links to the attacker. Bitget’s own tracking tool shows…
BitGo Extends Custody Approval Rules to Binance, Bybit and Deribit Transfers NewTLDR BitGo added Binance, Bybit, Bitstamp and Deribit to its institutional service, BitGo Link. BitGo Link now connects to 10 exchange brands, up from six. Transfers through Link follow the same approval rules as BitGo custody wallets. Only eligible institutional clients can use the service, not retail users. BitGo has not shared commercial terms or…
Fake Job Interview Helped Open the Door to $6.3 Billion Binance Hack NewTLDR Binance says a fake job interview was one entry point in its $6.3 billion October hack. A Binance engineer downloaded a malicious coding test onto his work computer in September. Security chief Jimmy Su described this exact risk to Cointelegraph in July. Crypto recruiters say clients now ask if candidates were met in person.…
Tether (USDT) Price Shadowed by Record $6.6B Supply Drop, Twice the FTX Decline NewTLDR Tether (USDT) market cap fell $6.6 billion in the 60 days ending November 7, according to CryptoQuant. This is the largest drop since CryptoQuant began tracking the metric in 2022, more than double the $3.2 billion FTX-era decline. Total stablecoin value now stands at about $290 billion. Bitcoin (BTC) demand fell by roughly 284,000…
Binance Warns iPhone Users as Sandbox Bug Exposes Seed Phrases and Private Keys NewTLDR Binance warned iPhone users about an iOS flaw called worse_query. The bug can let harmful apps read files stored by other apps. Researchers say iOS 27.2.1 and the iOS 27.3 beta do not fix it. Developers have already built a file manager using the flaw, no jailbreak needed. No attacks or crypto thefts tied…
Bitcoin ETFs Head for First Losing Year as Outflows Top $1 Billion NewTLDR US spot Bitcoin ETFs have about $1.1 billion in year-to-date net outflows, the first negative year since their January 2024 launch. The funds lost $299.87 million on Nov. 11, the fifth straight day of withdrawals. Outflows over the five days reached $1.44 billion, the longest streak since July. BlackRock’s fund lost $269.7 million in…
Zcash (ZEC) Price Slips Below $1,000 Ahead of Vote on 50,000 ZEC Treasury Cut NewTLDR ZEC traded near $979, down 3.7% in 24 hours and over 25% in a week. A draft proposal would remove 50,000 ZEC, about 53.4% of the grants treasury’s ZEC. Community polling on the plan runs from November 16 to November 30. Grayscale’s ZCSH fund saw nearly $30 million in November outflows. About $18 million…
Tether stops fighting freedom of information request, allows disclosure of reserve dataStablecoin firm Tether said on June 15 that it has released reserve data after ending a legal fight to keep that information private. Tether drops fight against CoinDesk Tether said that it previously reported certain data to the New York Attorney General’s Office (NYAG) as part of its settlement obligations in 2021. The stablecoin firm…
BlackRock files for spot Bitcoin ETF; Coinbase to serve as custodian for BTC holdingsBlackRock, one of the world’s largest asset managers, has filed plans with the U.S. Securities and Exchange Commission to create a spot Bitcoin ETF through its iShares subsidiary. The news comes after reports earlier in the day that the investment giant, which has more than $9 trillion in assets under management, was close to filing…
Texas regulator says Abra secretly moved funds to Binance, has been insolvent for monthsThe Texas State Securities Board filed an emergency cease and desist order on June 15 against the cryptocurrency lending firm Abra. In its order, the regulator said, based on its investigations, it found that Abra and related parties committed fraud and made misleading statements. The regulator said Abra made misleading statements by suggesting it was…
Binance.US reportedly cuts 50 staff following SEC chargesBinance.US, the American counterpart of Binance, has laid off about 50 staff members across its legal, compliance, and risk departments., Reuters reported June 15. Two Binance.US employees, who have not been identified, disclosed a “round of layoffs” on LinkedIn and said that they were leaving the company. Binance.US has not officially announced the staff cuts.…
Do Kwon’s detention extended six months by Montenegrin courtA Montenegro court has extended Do Kwon’s detention by six months as he awaits trial for potential extradition, Agence France Presse reported Thursday. The former Terraform Labs CEO has been in custody in Montenegro since late March following his arrest at Podgorica Airport in the nation’s capital for allegedly carrying forged travel documents. He faces…
Prosecutors withdraw 5 charges against Sam Bankman-Fried to ensure trial proceeds on scheduleDisgraced FTX founder Sam Bankman-Fried’s attempt to strike some of the accusations from his charge sheet may have backfired after prosecutors requested the court “sever” five of the newer charges from the case. New York federal prosecutors made the request in a letter addressed to presiding Judge Lewis Kaplan filed on June 15. The withdrawn…
Marathon Digital issues fraudulent activity alert over fake Russian stock certificates and other related scamsMarathon Digital Holdings has issued a public warning about fraudulent activities conducted under its brand name, disclosing in a June 15 press release that it had detected a series of fraudulent websites, apps, and communications falsely claiming to be associated with Marathon. According to Marathon, such fraudulent activities include deceptive communications by individuals pretending to be…
Nigeria SEC declares Binance operations in country illegalThe Securities and Exchange Commission (SEC) of Nigeria has officially deemed the operations of Binance Nigeria, a subsidiary of the world's largest crypto trading platform Binance, illegal
OECD introduces tax reporting framework for crypto industryOECD unveiled its Crypto-Asset Reporting Framework (CARF) at the end of a two-day ministerial-level meeting of its council held between June 7 and 8
Crypto trading firm moves $9.8m of polygon tokens to Coinbase, Binance, MATIC price tankingChicago-based crypto trading firm, Cumberland, is moving millions worth of Polygon’s native cryptocurrency, MATIC, to Binance and Coinbase
Ethereum futures liquidations soar to 1-month high on OKXThe number of ethereum (ETH) futures contracts liquidated by OKX, a crypto trading platform, is at a 1-month high
DappRadar report: blockchain gaming revenue rose in May as investment soar to $476 millionBlockchain gaming revenue rose 6% in May 2022 despite a contraction in crypto prices. Investment also reached $476 million, data from DappRadar shows
Binance CEO comments on rumors behind crypto market volatilityChangpeng Zhao, the Binance CEO, has commented on recent comments attempting to explain rapid crypto price movements following SEC's lawsuit
AI pioneers, SingularityNET and InQubeta, can be game-changersInQubeta and SingularityNET are AI pioneers and crypto analysts are confident they can be game-changers. The QUBE presale is ongoing and has raised over $340,000
India's Financial Crimes Agency Searches CoinDCX, Delta Exchange Over Offshore Trades NewThe Enforcement Directorate alleges the exchanges routed Indian users' trades to Binance, Bybit and others via a Costa Rican shell entity.
Bitcoin ETFs Bleed $1.4B in Five Days as Investors Cut Risk NewU.S. spot Bitcoin exchange-traded funds have recorded five consecutive days of net outflows, as investors retreat from risk assets after a turbulent week for markets. The funds lost some $1.44 billion between November 5 and November 11, including $299.9 million on Wednesday, according to SoSoValue data. That brings net outflows for November so far to…
Pressure Mounts on Nvidia's Jensen Huang Amid Reports of Second Affair NewNvidia's board is reportedly preparing to oust its CEO, sending the chipmaker's shares down more than 5% in premarket trading.
Nvidia-Backed CoreWeave Is Surging: Here’s What It Means for the AI Boom NewCoreWeave's 168% revenue jump sent its shares soaring and lifted Nvidia and other AI stocks. Strong demand is reassuring investors, but the cost of building it remains enormous.
Stablecoin Drain, ETF Outflows Leave Bitcoin 'Running on Empty' NewStablecoin supply fell $14.2 billion in 30 days, the fastest contraction since June 2022, amid weak ETF demand.
Bitcoin Short-Term Holders Send $3.6 Billion in BTC to Exchanges at a Loss NewRecent buyers are moving billions in Bitcoin to exchanges below their purchase prices, while Binance sees sharp inflows from recently moved coins.
This New AI Music Model Is Already Better Than Suno—We Put ACE to the Test NewACE Music v1 tops the AI music rankings with more natural vocals and stronger song structure. Our tests found impressive results, though niche genres remain a challenge.
Dexalot Launches First Central Limit Order Book Subnet on Avalanche with $1M+ in IncentivesDexalot’s novel infrastructure enables users to access a decentralized trading protocol with a centralized exchange experience.Dexalot, a decentralized cryptocurrency exchange has launched on an Avalanche Subnet, marking a new milestone in the evolution of decentralized trading protocols.The Dexalot Subnet aims to replicate the user experience of a centralized exchange (CEX) without compromising on decentralization and…
Intain Launches Avalanche Subnet to Usher in New Era for Multi-Trillion Dollar Securitized…Intain Launches Avalanche Subnet to Usher in New Era for Multi-Trillion Dollar Securitized Finance MarketIntainMARKETS’ Subnet Facilitates Efficient, Cost Effective, and Transparent End-to-End Asset Issuance, Investment, and Administration.Intain Inc., a leading structured finance platform, has launched IntainMARKETS, a marketplace for tokenized asset-backed securities built as an Avalanche Subnet. By launching as a Subnet, IntainMARKETS aims to…
Avalanche Explorer Gets a Brand New Upgrade for All P-Chain DataThe new tool pulls up-to-the-second data on validators, rewards, Subnets, and more.Ava Labs has launched a brand new explorer for Avalanche’s P-Chain, providing deeper visibility into all P-Chain activities from staking to granular transaction details. As one of three main chains in Avalanche’s Primary Network, the P-Chain maintains validators and empowers builders to launch Subnets. The…
Avalanche Park X Ed Balloon Concert Series to Launch in DTLA in February with Emerging NFT ArtistsThe inaugural event offers a new way to experience music through Web3, giving fans NFT-gated access benefits and digitally stamping music on Avalanche.On February 23 in Downtown Los Angeles, the Avalanche Park x Ed Balloon concert series will open with a show at WisdomeLA, an immersive art and entertainment park that has geodesic domes with…
Developer Spotlight: Usman Asim has Big Plans for Rust and ZKs on AvalancheThe Chainstack Dev plans to run his own dApp on the VM once production-ready, ideally on an Avalanche Subnet.The tech Usman Asim needed for his dApp didn’t quite exist. He had a big idea, but also a problem set without a clear solution.He needed a blockchain with leading speed, decentralization, and flexibility. He needed the…
India's Financial Crimes Agency Searches CoinDCX, Delta Exchange Over Offshore TradesThe Enforcement Directorate alleges the exchanges routed Indian users' trades to Binance, Bybit and others via a Costa Rican shell entity.
Arkham Tracks 66 CoinJoin Transactions Linked to Bitget Exchange Hacker Since Nov. 6TLDR Arkham says the Bitget hacker sent 847.26 BTC, worth $63.43 million, into CoinJoin since Nov. 6. That amount made up about 80.5% of the 1,052.34 BTC that left the hacker’s wallets over six days. About 959.29 BTC, worth $71.44 million, still sits in wallets Arkham links to the attacker. Bitget’s own tracking tool shows…
Bitcoin ETFs Bleed $1.4B in Five Days as Investors Cut RiskU.S. spot Bitcoin exchange-traded funds have recorded five consecutive days of net outflows, as investors retreat from risk assets after a turbulent week for markets. The funds lost some $1.44 billion between November 5 and November 11, including $299.9 million on Wednesday, according to SoSoValue data. That brings net outflows for November so far to…
BitGo Extends Custody Approval Rules to Binance, Bybit and Deribit TransfersTLDR BitGo added Binance, Bybit, Bitstamp and Deribit to its institutional service, BitGo Link. BitGo Link now connects to 10 exchange brands, up from six. Transfers through Link follow the same approval rules as BitGo custody wallets. Only eligible institutional clients can use the service, not retail users. BitGo has not shared commercial terms or…
Fake Job Interview Helped Open the Door to $6.3 Billion Binance HackTLDR Binance says a fake job interview was one entry point in its $6.3 billion October hack. A Binance engineer downloaded a malicious coding test onto his work computer in September. Security chief Jimmy Su described this exact risk to Cointelegraph in July. Crypto recruiters say clients now ask if candidates were met in person.…
Tether (USDT) Price Shadowed by Record $6.6B Supply Drop, Twice the FTX DeclineTLDR Tether (USDT) market cap fell $6.6 billion in the 60 days ending November 7, according to CryptoQuant. This is the largest drop since CryptoQuant began tracking the metric in 2022, more than double the $3.2 billion FTX-era decline. Total stablecoin value now stands at about $290 billion. Bitcoin (BTC) demand fell by roughly 284,000…
Binance Warns iPhone Users as Sandbox Bug Exposes Seed Phrases and Private KeysTLDR Binance warned iPhone users about an iOS flaw called worse_query. The bug can let harmful apps read files stored by other apps. Researchers say iOS 27.2.1 and the iOS 27.3 beta do not fix it. Developers have already built a file manager using the flaw, no jailbreak needed. No attacks or crypto thefts tied…