Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract
The protocol’s contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds.
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Crypto Exchange Mango’s Legal Bills Swell, a Year After Alleged $116M Heist
First the blockchain-based exchange was allegedly victimized by a market manipulator, and now it's having to spend big on lawyers to pursue suits and other remedies.
PayPal’s Regulated Stablecoin Is a ‘Watershed Moment’ in Crypto Space, Says Partner Paxos
“The difference is significant because we have a prudential regulator,” said Paxos head of strategy Walter Hessert.
Two Months in El Salvador: The Ground Game for Bitcoin Adoption
A graduate student on leave from the Wharton School checks in on the first country to adopt Bitcoin as legal tender. Are locals buying it?
Crypto News Today: PayPal's Stablecoin Debut, Worldcoin's Kenyan Hurdles, and More
From PayPal's entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.
Aptos’ APT Token Slides Ahead of $30M Unlock
APT has decreased by over 3.2% in the past 24 hours performing worse than bitcoin (BTC) and ether (ETH), per CoinDesk market data.
It's ChatGPT, but for Bitcoin: New AI Tool Avoids 'Hallucinations'
An experimental version of the Bitcoin-focused AI chatbot was released on Thursday by Chaincode Labs, which says its new "ChatBTC" is less likely to give incorrect answers about the original cryptocurrency, or to “hallucinate” like the more popular…
Mantle Introduces New Governing Body for Treasury Management
The new layer 2 network passed a governance vote that establishes the Mantle Economics Committee as well as introduces more liquid staking into the ecosystem by authorizing liquid staking protocol Mantle LSD and the allocation of 40,000 ETH from…
CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst
Markets are already expecting the Fed to refrain from more rate hikes this year and have begun pricing in rate cuts in 2024.
A Long-Awaited Crypto Tax Rule Was Written Months Ago. Why Isn’t it Proposed?
Crypto investors and their brokerages are waiting for a U.S. tax rule that will completely overhaul how they report their cryptocurrency taxes, but the government isn’t offering any straight answers about its holdup even as prominent lawmakers…
Binance's VC Arm Dominated Funding Rounds Last Week Even as Regulators Scrutinized the Crypto Exchange
Binance Labs announced investments in four incubator projects and participated in a round for privacy infrastructure startup zkPass.
Sino Global Files $67M Claim Against FTX-Alameda
Sino Global invested in tokens heavily affected by the decline of Sam Bankman-Fried's FTX crypto empire and partnered with FTX on a fund raised with outside investors' capital.
Lido Attracted 10K Ether Stakers to Protocol in July
The largest staking service provider also crossed $15 billion in total value locked, a level not seen since May 2022.
Bitcoin Remains King While Crypto Hedge Funds Get Rekt
Even though crypto hedge funds managed positive returns during the first half of 2023, bitcoin trounced them, according to a 21e6 Capital report.
Michael Saylor’s Bitcoin Billions Have Rebounded Since He Exited CEO Job a Year Ago
Saylor stepped down as CEO of MicroStrategy one year ago in order to focus solely on Bitcoin.
PayPal to Issue Dollar-Pegged Crypto Stablecoin Based on Ethereum
The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust.
First Mover Americas: Michael Saylor's Wager on Bitcoin Looking Better
The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Fed's Rate Hike Cycle Has Peaked, Investment Banks Say
The end of the tightening cycle does not necessarily imply a quick pivot toward zero interest rate policy, meaning animal spirits may not return to the crypto market anytime soon.
Worldcoin's Nairobi Warehouse Raided by Kenyan Police: Local Reports
Kenyan police raided Worldcoin's Nairobi warehouse and confiscated documents and machines on Saturday.
Cardano Blockchain Transactions Jumped 49% Last Quarter as ADA Sentiment Grew
Blockchain load – a measure of how much data is contained in blocks over a certain period – rose to 50% in the second quarter from under 40% in the first. It peaked at 81% in May.
Crypto Options Traders Are Still Shorting Bitcoin Volatility
"Given the absence of big news in August, selling volatility and taking a vacation for solid theta gains is the only thing I can do right now," one trader said. Crypto traders typically short volatility by selling or writing call/put options.
Huobi's Stablecoin Reserves Down 30% Amid Reports of Executive Arrests
Data from Nansen.ai shows that users have withdrawn $44.8 million in stablecoins during the last week.
Curve Recoups 73% of Hacked Funds, Bolstering CRV Sentiment
A public bounty is now open for finding the remaining funds with a $1.8 million reward.
First Mover Asia: Bitcoin Teases $30K While the Long Wait for an ETF Continues
Trading volume is down, but all signs point to a break-out around the corner.
NFT Trading Is Ice Cold But Developers Are Still Hot for Web3
This week, new reports were released that point to a major slowdown in NFT trading. Plus, Etihad Airways will soon let its community of frequent fliers stake NFTs for miles.