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WBT$74.40+0.47%Fear & Greed30FearExplore the latest in blockchain news, covering groundbreaking innovations, adoption trends, and Web3 developments. From DeFi protocols and NFT ecosystems to enterprise blockchain use cases, stay informed on how distributed ledger technology is transforming industries and global finance.
Backpack, a crypto exchange and wallet initiative by former FTX employees, is in discussions to secure $50 million at a $1 billion valuation. This move positions the company among a select group of crypto trading platforms achieving unicorn status amid a cautious funding environment.
Binance has bolstered its Secure Asset Fund for Users (SAFU) with an additional $300 million in Bitcoin. This move increases the fund’s Bitcoin holdings to over $720 million, reflecting Binance’s strategy to enhance liquidity and user protection amidst volatile market conditions.
Tether has announced plans to increase its workforce by 150 employees over the next 18 months, reflecting the company’s strategic growth fueled by rising USDT adoption.
Bitcoin experienced a dramatic rebound, recovering 17% to approach $70,000 after dipping below $60,000. This shift was driven by substantial accumulation from large holders, marking a pivotal moment in the crypto markets.
Ripple Prime has integrated Hyperliquid, a decentralized derivatives protocol, into its institutional prime brokerage platform. This move aims to enhance onchain liquidity access for institutions, reflecting the growing demand for efficient capital deployment in decentralized markets.
Two high school students from California are accused of a violent home invasion in Scottsdale, Arizona, aimed at stealing $66 million in cryptocurrency. This case highlights the increasing physical risks associated with digital asset ownership. What Happened in Scottsdale?
The US Commodity Futures Trading Commission (CFTC) has clarified its stance on stablecoin issuance, allowing national trust banks to participate. This move, aligned with the GENIUS Act, could significantly impact the digital asset landscape by expanding the pool of stablecoin issuers.
ARK Invest, led by Cathie Wood, has significantly altered its investment strategy by reducing its stake in Coinbase and increasing its investment in Bullish. This shift is crucial for investors as it highlights ARK’s evolving approach to crypto-linked equities amidst market volatility.
South Korean exchange Bithumb addressed a significant system error that led to an overcrediting of Bitcoin to user accounts. This incident, happening during a promotional event, raised concerns over operational vulnerabilities in the crypto trading environment. What Happened on Bithumb?
The Federal Reserve’s proposal for a “skinny” master account is stirring debate in the financial sector. This proposal aims to provide limited access to Fed payment services for certain institutions, raising concerns and support from different financial entities.
Bitwise has filed for a Uniswap-focused ETF with the SEC, aiming to become the first to launch an ETF directly tied to the UNI token. This move could significantly expand regulated crypto investment options.
South Korean crypto exchange Bithumb mistakenly sent a large amount of Bitcoin to some users during a promotional event, causing brief market disruptions. This incident highlights the risks of operational errors in crypto platforms. What Happened on Bithumb?
