crypto
* David Hirsch, head of SEC's Crypto Asset Unit, leaves after nearly 9 years. * Hirsch led significant investigations and regulatory actions in the crypto space. * No details on Hirsch's next role, but he denies joining pump.fun. * SEC faces political scrutiny over crypto regulation amid U.S.
bitcoin
* $600 million outflows from digital asset ETPs and funds last week. * Bitcoin investment vehicles saw $621 million in outflows. * Altcoins like Ether and XRP saw inflows despite overall outflows. * Total digital assets under management declined from $100 billion to $94 billion. * Experts believe institutional adoption of digital assets is still
coinbase
* Coinbase International launches pre-launch markets for crypto projects.Allows trading of perpetual futures contracts on tokens before launch. * Available to institutional investors and retail traders via Coinbase platforms.Assets capped at 50% initial margin and $50,000 notional position limit. * Pre-launch markets use a different index price mechanism
bankman-fried
* Competing claims over assets in case against former FTX CEO Sam Bankman-Fried. * FTX debtors argue for superior right to assets to benefit victims. * Debtors petition for return of specific property to benefit all creditors. * Group of claimants want forfeited assets to go to FTX users. * Judge has not made
ethereum
* Ethereum's Dencun upgrade cut L2 transaction costs; Pectra upgrade set for Q4 2024/Q1 2025. * Pectra combines Prague and Electra upgrades for flexibility and optimization. * Pectra includes 9 Standard EIPs and 11 constituent EIPs for network enhancements. * Notable additions in Pectra include BLS curve operations, block hash storage,
airdrops
* ZKsync's ZK airdrop claims live, token trading at $0.22 * Market cap at $835M, FDV $4.7B * ZK trading volume ~$855M, available on Binance, Bybit, Gate.io, KuCoin * Positive Twitter sentiment, potential undervaluation compared to Starknet * Binance ZK listing, withdrawals start June 18, 2024 * Concerns over ZK token
bitcoin
* Bitcoin, Ethereum, and Dogecoin prices stable despite $290 million in liquidations triggered by price spikes. * Ethereum led liquidations with $58.9 million, followed by Dogecoin with $44 million in long positions liquidated. * Fed's hawkish stance led to $600 million outflows in crypto ETPs, worst since March. * Bitcoin down
crypto
* Twitter CEO plans to introduce payments feature, transforming user engagement. * Yaccarino leads Twitter's expansion into AI, audio calls, and video streaming. * Celebrities like Ariana Grande influence meme coin trends on social media. * Musk hired Yaccarino to accelerate Twitter's evolution into an "everything app." * Twitter
ai
* Tether introduces Alloy, a gold-backed stablecoin pegged to USD on the new Alloy platform. * Alloy (aUSDT) is overcollateralized by Tether Gold (XAUt) and is a synthetic dollar. * Users can mint aUSDT by depositing XAUT through smart contracts and price oracles. * Alloy by Tether offers long-term exposure to gold
crypto
* Yield-bearing stablecoins gaining popularity with sUSDe, USDM, and USDL leading the trend. * sUSDe uses delta-neutral trading strategy, USDM raised $8M, USDL offers 5% annual yield. * Regulated stablecoins backed by U.S. dollar, provide daily yield through auto-rebasing. * Optimism for sustained appeal even if interest rates decline, demand
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'