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DeFi

Wintermute Hack Shows a Foundational Risk

Wintermute, a crypto native market maker, was recently hacked for $160M. Many are concerned of the consequences of a market maker going under.

Bitcoin (BTC)

Nasdaq Enters Crypto Market as an Institutional Custodian

Nasdaq enters the crypto market as an institutional custodian, starting with Bitcoin (BTC) and Ether (ETH).

DeFi

Where Lambo? Canada Seizes $2M in Assets from Crypto King

Canada's self-described "Crypto King," 23 year old Aiden Pleterski, is facing more legal trouble as his investors seek to recover their losses.

NFT

Zilliqa (ZIL) Plans to Launch a Web3 Game Console & Miner

Singapore-based Layer-1 blockchain Zilliqa (ZIL) announced it will launch a dual-purpose video game console and mining rig in early 2023.

Bitcoin (BTC)

All Crypto Mining is Currently a Net Loss

Following the Ethereum merge and price crash, there is no cryptocurrency that is still profitable to mine.

Bitcoin (BTC)

Russia Is Creating International Trade Systems Using Crypto

Russia is planning to use digital currencies for international trade, likely due to the restrictions of foreign sanctions.

DeFi

Why Is ETH Down After a Successful Merge?

Ethereum transitioned from "proof of work" (PoW) consensus to "proof of stake" (PoS), completing the long-awaited Merge. So why's it down?

DeFi

South Korea Issues Arrest Warrant for Terra's Do Kwon

The South Korean Supreme Prosecutors Office issued an arrest warrant for Terra co-founder Do Kwon and five others associated with Terraform Labs.

DeFi

The SEC is Making Dedicated Offices to Regulate Crypto

The SEC is building a dedicated office to handle crypto disclosure and regulation.

DeFi

Algorand Loses $35M in Hodlnaut Withdrawal Freeze

Algorand disclosed this week that it has $35M frozen on Hodlnaut after the centralized exchange/lender halted all trading.

DeFi

Reddit MOON Crypto Trading Goes Live on Gate.io & MEXC

Two major exchanges now offer trading pairs for r/CryptoCurrency Moons (MOON), the crypto earned by posting on the CryptoCurrency subreddit.

DeFi

Six Americans Sue US Treasury to Lift Tornado Cash Sanctions

Six Americans are suing the US Treasury Department for sanctioning crypto mixing service Tornado Cash.

DeFi

CEO Rug Pulls Exchange for $2.5B; Faces 40k Years Jail Time

CEO of centralized exchange Thodex faces 40,000 years in jail after reportedly stealing $125M, following $2.5B of missing customer funds.

DeFi

LG Announces Crypto Wallet and NFT Platform for Its Smart TVs

South Korean tech conglomerate LG announced it plans to release a crypto wallet and NFT platform later this year.

DeFi

Helium Devs Admit Network Won't Scale, Propose Move to Solana

Helium devs proposed moving the Helium hotspot network, Helium's blockchain, and the HNT token to the Solana blockchain.

DeFi

Samsung Is Launching a Crypto Exchange

Samsung, the South Korean electronics giant, announced it will be launching a cryptocurrency exchange in South Korea in the first half of 2023.

NFT

BAYC Fueled Bank Run Nearly Breaks BendDAO

A large amount of the collateralized loans on BendDAO backed by Bored Ape Yacht Club (BAYC) NFTs risked liquidation and caused a bank run.

Mining

The GPU Crunch is Over, Largely Due to a Profit Glut

After years of a severely limited GPU supply chain, we appear to have a surplus and prices are dropping.

NFT

DeFi Kingdoms Dumps Harmony for Korean Metaverse Blockchain Klaytn

NFT game DeFi Kingdoms, the most popular dApp on Harmony, announced it will move to Korean metaverse blockchain Klaytn.

DeFi

Coinbase Launches cbETH, Its ETH Liquid Staking Token

Coinbase released cbETH, its Ethereum liquid staking token. Essentially, Coinbase is allowing investors to withdraw staked ETH before the Merge.

DeFi

Shocker: Finance Criminal Martin Shkreli’s Crypto Project Has Rug Pulled

Martin Shkreli’s crypto project has been rug pulled. Shkreli’s wallet drained the funds, but he’s blaming a hacker.

Bitcoin (BTC)

Ongoing BTC ATM Hack, How They Work

There is an ongoing Bitcoin ATM hack, which is redirecting BTC that people are buying to the hackers wallet.

DeFi

Chainlink, Circle, and Ethermine Won't Support PoW ETH Forks

Today, Ethereum is operated by miners using computer graphics cards. Following the Merge, ETH mining operations will be obsolete.

DeFi

Aptos: The Solana Killer from Facebook's Libra Devs

Aptos is a fast, low-fee Layer 1 blockchain that is expected to compete with Solana.

DeFi

Acala’s Stablecoin Contract Hacked, aUSD Depegs Following $1.2B Mint

Acala's stablecoin aUSD suffered a contract hack which resulted in $1.2B of aUSD being minted, and a serious depegging.