crypto
* UwU Lend hack not a Curve exploit, hacker cashed out CRVs on Curve Finance. * Egorov clarifies fake CRV burn announcement, no 10% token burn. * Egorov repays $10M bad debt from UwU exploit, no impact on users. * Curve Finance to manage liquidation risks with borrow caps and liquidation bots. * Egorov suggests
bitcoin
* Wall Street's "greed" will drive more crypto ETFs, predicts Tether and WAX co-founder. * SEC's approval of Bitcoin ETFs in the U.S. signals mainstream crypto market integration. * Ethereum ETFs approval expected by end of summer, says SEC Chairman Gary Gensler. * Traditional finance's
cryptocurrencies
* Crypto policy impacts 2024 Presidential race. * Biden officials to attend policy roundtable. * Former Speaker Paul Ryan urges stablecoin regulation. * Ryan advocates for stablecoins to make US debt attractive. * Ryan calls for bipartisan effort in Congress. * Ryan emphasizes stablecoins on public blockchains uphold American values. Summary : Former Speaker of the House
bitcoin
* Modularity in Ethereum leads to fragmentation and inefficiency in the ecosystem. * Bitcoin's Lightning Network fosters interoperability and local interactions for financial services. * Nostr protocol on Bitcoin enables social abstraction and open innovation for seamless connectivity. * Projects like Mutiny showcase Bitcoin's modular vision with diverse service integrations.
bot
* MEV sandwich bot "arsc" exploits Solana users, making $30 million in 2 months. * Attacks involve manipulating prices by sandwiching victim transactions for profit. * Bot's wallet "9973h...zyWp6" holds $19 million, mainly in SOL and USDC. * Active wallet "Ai4zq...VXKKT" converts SOL to
bank
* Itaú Unibanco opens Bitcoin trading to 60 million customers via Ion app. * Initial crypto trading was limited but strong demand led to wider access. * Ion app surpasses 3.5 million downloads, indicating significant interest in Brazil. * Itaú built its own custody solution for user wallets, ensuring asset segregation. * Bitcoin'
banking
* Bitcoin price stable after Fed keeps interest rates unchanged * Fed aims for 2% inflation target, considers rate cut later in the year * Equities rally post-Fed decision, S&P 500 up 1%, Nasdaq up 1.7% * Gold price rises 0.5% to $2,327.42 per ounce * Bitcoin price at
crypto
* Terraform Labs and Do Kwon to pay $4.5B to SEC in settlement agreement. * SEC seeks approval from Judge Rakoff for the proposed judgment. * Kwon to pay $204M personally, banned from public company roles. * Terraform's algorithmic stablecoin collapse led to $40B in losses. * SEC charges Terraform and Kwon
ethereum
* Optimism's Layer 2 blockchain now has fault proofs, advancing to Stage 1 decentralization. * Users can withdraw Ether and ERC-20 tokens without third-party involvement. * Fault proofs allow users to challenge and remove invalid withdrawals. * Collaborative effort from OP Labs, Base, and Sunnyside Labs to implement fault proofs. * Security Council
crypto
* Teeka Tiwari was a powerful promoter of digital assets, known for market-moving effects on crypto. * His picks caused immediate rallies in coins like AION and POWR, attracting traders' attention. * Copycat newsletters emerged to replicate Tiwari's success in the crypto market. * Tiwari's picks from 2017-2018 have
competition
* Consensys launched pooled staking on MetaMask for any amount of Ether. * Utilizes StakeWise protocol for increased accessibility to staking rewards. * Rolling out in stages, not yet available to U.S. or U.K. users. * Regulatory uncertainty hinders availability in certain jurisdictions. * MetaMask aims to bridge the gap for users with
bitcoin
* Bitcoin miners selling off reserves due to revenue strain post-halving event. * Miners sent 3,000 BTC ($207M) to exchanges, causing 3% price correction. * Large miners resort to selling BTC to offset revenue loss from halving. * Despite revenue challenges, some mining stocks have seen positive performance. * Bitcoin hash rate remains stable