After the Curve Attack: What's Next for DeFi?
The $70 million weekend exploit of major platforms, including Curve, come at a time when developers are discussing changes to the prevailing AMM liquidity model.
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DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon
Digital Currency Group comments on the restructuring in an investor letter.
Pass the Stablecoin Bill Now
The choice isn’t stablecoins vs no stablecoins. It’s between regulated products with low fees that protect consumers, and offshore assets with low transparency and no oversight, says Austin Campbell.
DYdX Proposal to Slash Token Issuance Wins Early Support
In theory, this could boost the price of DYDX, based on the basics of supply and demand.
Coinbase’s New Base Blockchain Gobbled Up $68M in Ether, and It’s Not Even Officially Live Yet
Meme coin BALD’s 4,000,000% surge seemed to spark the huge inflows to the nascent crypto bridge.
NFT Now Cuts Jobs in Restructuring Move
Alejandro Navia, President of NFT Now, tweeted that the Web3 publication had “over-hired.” Meanwhile, another founder of NFT Now’s Twitter was hacked over the weekend.
Tether Reports $3.3B in Excess Reserves in Q2, Up $850M for the Quarter
The company said its operational profits exceeded $1 billion in Q2 this year.
Barbie's Margot Robbie Has a Take on Bitcoin, Says It's a Ken Thing
MicroStrategy's Michael Saylor took the connection a bit further, tweeting that "Bitcoin is Big Ken Energy."
Larry Fink Got 'Orange-Pilled', Says Galaxy Digital's Mike Novogratz: Bloomberg
Galaxy Digital CEO Mike Novogratz said Fink is "the most important thing that happened this year in bitcoin."
Ribbon Finance Settles First On-Chain Ether 'Autocallable' With Marex and MEV Capital
The onchain execution of structured products promises transparency to investors and eliminates counterparty risks.
U.S. SEC Sues Richard Heart, Hex, PulseChain on Unregistered Securities, Fraud Allegations
The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities…
Bank of Korea to Exclude Seoul From CBDC Pilot Study Next Year: Report
Jeju, Busan and Incheon are in the running to be considered.
Crypto Hacks and Exploits Cost Traders $303M in July; Worst Month of 2023
Some $52 million of assets were siphoned from Curve Finance just this weekend.
Celo Proposal to Migrate to Ethereum Layer 2 Passes
The change seeks to simplify liquidity sharing between Celo and Ethereum while boosting security.
BALD Token Plunges 90% as Developer Pulls Liquidity
BALD launched a little over 24 hours ago and has attracted massive hype - and millions in capital - to Base blockchain.
First Mover Americas: Curve Finance Exploit Puts More Than $100M of Crypto at Risk
The latest price moves in bitcoin (BTC) and crypto markets in context for July 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Firms Raised $129M Last Week, Led by Flashbots
The startup, focused on maximal extractable value (MEV) in blockchain transactions, raised $60 million in funding.
Bullish MicroStrategy Analysts Raise Price Targets Ahead of Q2 Earnings
Analysts are bullish on software company MicroStrategy (MSTR), which reports earnings for the second quarter after the market close on Tuesday, and it’s all thanks to the many bitcoin (BTC) it holds.
Crypto Catalysts: Jobs Data to Highlight the Week’s Macro Releases
Among other reports, investors will be eyeing ADP’s private sector jobs total, which last month, soared beyond expectations, a concern for central bankers and other inflation watchers.
Fantasy-Sports Firm Sorare Looks to Increase Appeal by Diluting Crypto Association
While Sorare has over 5 million registered users, it is looking to fuel further growth by adding support for the U.S. dollar, euro and British pound.
HSBC-Owned Hang Seng Bank Limits Crypto Companies to ‘Simple’ Accounts: Report
The report comes as Hong Kong’s Monetary Authority (HKMA) reminds banks that there is no ban on offering crypto companies accounts.
Curve Finance's Token Surges 500% on Bithumb After Major Exploit
The CRV/KRW pair listed on South Korea's Bithumb exchange has decoupled from the CRV/USD pairs listed on Western exchanges that exhibit price weakness.
Trader Turns $500 to Million-Dollar Fortune With BALD Meme Coin on Coinbase’s Blockchain
A meme coin frenzy has ensued on Coinbase’s layer 2 blockchain even as the network is not officially live yet.
Binance's Activities Are Illegal in Nigeria, Securities Regulator Says
The regulator also ordered all crypto platform providers to stop reaching out to Nigerian investors.
Upbit Halts CRV Withdrawal and Deposit After Curve Finance Exploit
Other exchanges say they are monitoring the situation closely but have not taken any action.
Binance Wins Operational License in Dubai
Binance, the world's largest cryptocurrency exchange, has won a licence to operate in Dubai after meeting pre-conditions set since receiving a preparatory licence in September 2022.
Bitcoin Teases $29.5K, Ether Drops as 'Accumulator Season' Begins
BTC hovered comfortably over $29,300 for much of the weekend but dropped in the hours after Curve Finance tweeted that it had suffered an exploit.
Crypto Futures Show Bias for Uniswap's UNI Token After Curve Finance Exploit
UNI perpetual futures trade at 20% premium as traders expect Uniswap to gain even more market share after the CRV exploit, one research head said.
SEC Told Coinbase to Stop Trading in all Cryptos Except Bitcoin Before Suing: FT
The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN) to stop trading in all cryptocurrencies other than bitcoin (BTC) prior to suing the crypto exchange, according to a Financial Times report.