Category Archive: Cryptocurrency, No picture
US Bitcoin spot ETFs end 19-day inflow streak ahead of CPI report and FOMC meeting
US spot Bitcoin exchange-traded funds (ETFs) have seen their first outflows after a 19-day streak of inflows, according to data from HODL15Capital.On Monday, the ETFs experienced approximately $65 million in outflows, with Grayscale Bitcoin Trust (GBTC) reporting nearly $40 million in withdrawals.Fidelity Wise Origin Bitcoin Fund (FBTC) faced outflows of $3 million. Invesco Galaxy Bitcoin […]
Bitcoin flat despite high ETF inflows as hedge funds short BTC at record levels
Bitcoin’s spot price remains stable despite substantial inflows into Bitcoin ETFs over the past 19 days, as large hedge funds simultaneously buy ETFs and sell futures contracts, offsetting the potential impact of the inflows on the spot price.Crypto investment firm CMS Holdings recently tweeted about this phenomenon, stating: I love a good conspiracy to blow […]
Zyfi secures $2 million to enable gasless transactions on zkSync
Zyfi, a gas abstraction layer on zkSync, announced a successful $2 million private funding round. The company, which offers a Paymaster-As-A-Service that allows any tokens to be used as gas, claims it is poised to transform the on-chain experience with native account abstraction. Among the investors are firms such as Everstake Capital, Tenzor Capital, Apvc.capital, […]
Meme coin MICHI skyrockets following Ariana Grande’s Instagram post
An Instagram story from singer Ariana Grande ended up in an 18% leap performed by Solana-based meme coin Michi (MICHI) in less than one hour. The price growth happened after known Solana bull Ansem shared Grande’s post showing the cat that illustrates MICHI using a costume worn by the singer. gmichi pic.twitter.com/FBN5jJ0upK — Ansem 🧸💵 […]
MiCA could propel euro-backed stablecoins in the Eurozone: Kaiko report
Impending Markets in Crypto Assets (MiCA) regulations are poised to transform the stablecoin landscape favorably to euro-backed stablecoins, as reported by Kaiko Research. Binance has announced restrictions on stablecoins that fall short of the new MiCA standards, while Kraken is assessing its stablecoin offerings to ensure compliance with the European Union’s criteria, which may result […]
DeFi protocol UwU Lend falls victim to $19.3M exploit
UwU Lend, a DeFi protocol founded by Quadriga CX co-founder Michael “Sifu” Patryn, has fallen victim to an exploit resulting in the loss of $19.3 million, according to reports from blockchain security firms, with address confirmations disclosed by Arkham Intelligence.The incident comes amidst a turbulent period for Patryn, who previously faced controversy when Quadriga CX […]
ZKSync introduces ZK Nation, a ‘community-driven’ governance system
Ethereum Layer 2 network ZKSync has unveiled a new “community-driven” governance system called ZK Nation. The introduction of ZK Nation coincides with the project’s plans to conduct its token generation event and an airdrop this month, which is expected to further decentralize the network.According to the new system’s blog post, the community is “driven by […]
Solana Foundation restricts validators involved in sandwich attacks
The Solana Foundation has announced the removal of a group of validator operators from its delegation program due to their involvement in sandwich attacks on Solana users. The decision aims to ensure that the foundation does not delegate to validators who carry out malicious sandwich attacks on retail users.Solana Validator Relations Lead Tim Garcia made […]
Singaporean authorities issue warning on Akira ransomware demanding crypto
Local authorities from Singapore have issued a joint advisory warning businesses of the threats posed by Akira, a ransomware variant that has stolen $42 million—most of which is demanded in crypto—from over 250 organizations across North America, Europe, and Australia, all within a year.According to the advisory, the ransomware group behind Akira is now actively […]
South Korea issues guidelines for classifying NFTs as virtual assets
The Financial Services Commission (FSC), South Korea’s financial watchdog, has issued guidelines detailing when non-fungible tokens (NFTs) should be considered virtual assets. The country is preparing to implement the ‘Virtual Asset User Protection Act’ by July 19 this year.Under the new guidelines, NFTs that are mass-produced, divisible, and can be used as a means of […]
