Radiant Capital Hacker Transfers $52M of Stolen Crypto
Reading Time: < 1 minuteThe individual responsible for the recent theft from decentralized finance protocol Radiant Capital has transferred almost all of the stolen funds from layer-2 protocols to Ethereum.
SEC Includes Crypto in its Examination Priorities for 2025
Reading Time: < 1 minuteThe US Securities and Exchange Commission (SEC) has once again included cryptocurrency assets as part of its 2025 examination priorities.
Komainu to Acquire Custody Firm Propine
Reading Time: < 1 minuteKomainu, a company providing digital asset custody services, has set its sights on acquiring Propine Holdings, the parent company of local custody provider Propine Technologies, based in Singapore.
Tesla Did Not Get Rid of its Bitcoins
Reading Time: < 1 minuteAccording to blockchain analytics firm Arkham Intelligence, Tesla currently still holds its entire Bitcoin stash, valued at $780 million, despite recently transferring the funds to unidentified wallets on Oct. 15.
Bitcoin Hashrate Reaches a New Record High
Reading Time: < 1 minuteThe latest data from Glassnode reveals that the seven day moving average for Bitcoin’s hashrate has reached a record high of 703 exahashes per second (EH/s).
Weekly Inflows into Crypto Products Reach $2.2B
Reading Time: < 1 minuteAsset management firms such as BlackRock, Bitwise, Grayscale, ProShares, and 21Shares experienced significant net inflows of $2.2 billion last week, the highest since July.
CME Bitcoin Futures Open Interest Reaches an All-time High
Reading Time: < 1 minuteSince Oct. 18, the Open Interest (OI) for Bitcoin futures on the Chicago Mercantile Exchange (CME) has reached a new record high of over $12.26 billion.
Pump.fun Announces Plans to Launch a Token
Reading Time: < 1 minuteThe team behind Pump.fun has revealed plans for a future token release and an upgraded trading terminal called “Pump Advance.”
SEC Approves NYSE and Cboe Spot Bitcoin ETFs Listing
Reading Time: < 1 minuteThe Securities and Exchange Commission (SEC) has approved NYSE American LLC and Cboe Exchange, Inc. to list and trade options on various Bitcoin exchange-traded funds.
Stripe Purchases Stablecoin Platform Bridge
Reading Time: < 1 minuteIn a new deal, Stripe has purchased stablecoin platform Bridge for $1.1 billion, making it their largest acquisition to date.
Polimec Announces Integration with Banxa, Simplifying Web3 Fundraising on Polkadot with Fiat Payments
Reading Time: 2 minutesZug, Switzerland, 19th October 2024, Chainwire
Market Update October 18
Reading Time: < 1 minuteThe cryptocurrency market has seen a week of mixed movements, with some major coins experiencing significant gains while others have remained relatively stable.
Worldcoin Rebrands to World
Reading Time: < 1 minuteWorldcoin is undergoing a rebranding process and will now be known as World Network, or simply World.
SEC to Appeal Previous Judgment in Ripple Lawsuit
Reading Time: < 1 minuteThe US Securities and Exchange Commission has taken the next steps in its ongoing legal battle with Ripple Labs, filing a “Civil Appeal Pre-Argument Statement” or Form C on Thursday.
Stripe Plans to Purchase Stablecoin Platform Bridge
Reading Time: < 1 minuteStripe, a prominent payment processor, is reportedly in advanced negotiations to acquire the stablecoin money transfer company Bridge, backed by Sequoia.
Italy Plans to Raise Capital Gain Tax on Bitcoin
Reading Time: < 1 minuteItaly is set to significantly increase the capital gains tax on Bitcoin, jumping from 26% to 42%.
DoJ: Bitfinex Hacker Should Spend Five Years in Prison
Reading Time: < 1 minuteIlya “Dutch” Lichtenstein, who admitted to his involvement in the 2016 Bitfinex hack, is facing a five-year prison sentence as recommended by prosecutors.
Thailand Bank Launches a Stablecoin Service for International Payments
Reading Time: < 1 minuteThe Siam Commercial Bank (SCB), a leading Thai financial institution, has introduced stablecoin-based cross-border payment services for its clients.
Hackers Steal $50M from Radiant Capital
Reading Time: < 1 minuteRadiant Capital, a platform enabling borrowing and lending of cryptocurrency across blockchains, suffered a major cyberattack on Wednesday, losing over $50 million.
Paxos Rolls Out a New Stablecoin Payment Platform
Reading Time: < 1 minutePaxos, the company behind the Pax Dollar stablecoin, is striving to advance the use of stablecoins in the payments industry by introducing a high-quality infrastructure.
Canary Capital Plans to Launch a Litecoin ETF
Reading Time: < 1 minuteCanary Capital has announced its intention to launch a product focused on Litecoin, just a week after filing for an ETF that would directly hold Ripple’s XRP token.
Grayscale Files Application to Convert its Crypto Fund into an ETF
Reading Time: < 1 minuteGrayscale has submitted a request to the SEC to transform its Digital Large Cap Fund into an ETF.
Spot Bitcoin ETFs See Net Inflows of $555.86M
Reading Time: < 1 minuteOn October 14, net inflows for 12 Bitcoin exchange-traded funds (ETFs) reached $555.86 million, which was more than double the $253.54 million recorded on the previous trading day.
DefiEdge Stops Retail Deposits
Reading Time: < 1 minuteDefiEdge, a liquidity management protocol, yesterday announced that it has temporarily blocked all deposits to its strategy contracts made through its user interface.
Tether May Lend to Commodities Trading Firms
Reading Time: < 1 minuteTether Holdings Ltd is planning to lend to commodities trading companies to utilize their billions of dollars in profits.
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