ethereum
* The token for crypto social media platform friend.tech has plummeted after transferring ownership of its smart contracts to Ethereum's null address. * The transfer was made to prevent future changes to fees or functionality. * The platform's token, FRIEND, dropped by nearly 26% in the last 24
backed
* World Liberty Financial raises concerns with plans to allocate 70% of tokens to insiders. * Uniswap settles with CFTC, pays $175K fine, while a16z and Union Square Ventures receive subpoenas. * Summary : World Liberty Financial, a crypto project backed by Trump, is causing concern due to its allocation of tokens. The project
app
* Telegram mini-app Catizen reaches 34 million users in first six months. * Claims to be highest earning app on Telegram with 800,000 paid users. * Received investment from The Open Platform, largest developer's group on TON network. * Supported by Hashkey and Binance Labs, with Hashkey entering TON ecosystem. * Hashkey&
agriculture
1. Tether, the issuer of the world's largest stablecoin, has invested $100 million in Latin American agricultural giant Adecoagro. 2. Tether now owns a 9.8% stake in Adecoagro, making it the company's third-largest shareholder. 3. Adecoagro is Argentina's largest producer of milk and
adviser
* Steven Nerayoff, early Ethereum adviser, sues law firm Covington & Burling for $100 million. * Nerayoff claims the firm mishandled his defense in a 2019 extortion case. * He alleges Covington lawyer advised him not to turn over evidence to US prosecutors. * Nerayoff gave evidence in June 2022, and charges were dismissed
bitcoin
* US Federal Reserve research shows that the rate of cryptocurrency ownership has not increased despite the recent growth in the crypto market. * The Consumer Finance Institute found that crypto ownership decreased during the 2022 bear market and did not increase significantly during the market recovery. * Interest in future crypto purchases
crypto
* The CEO of Revelo Intel, a crypto research and education platform, resigns after being forced at gunpoint to drain his crypto accounts and hand over investor funds. * Nick Drakon claims a group of crypto-savvy thieves, possibly including a spy within his syndicate, tracked his movements and identified his business wallets.
ethereum
* Asset manager WisdomTree has requested to withdraw its Ethereum Trust S-1 filing with the SEC, more than three years after initially submitting it. * VanEck is closing its futures-based Ether ETF due to factors including performance, liquidity, assets under management, and investor interest. * The Ethereum Foundation plans to release a financial
bitcoin
* The Ethereum Foundation plans to release a financial report soon, addressing community concerns about its spending. * The foundation spends around $100 million per year and currently holds about $650 million in its main Ethereum wallet. * The budget strategy is to spend 15% of remaining money each year, providing a financial
bitcoin
* U.S. spot Bitcoin ETFs saw $211.1 million in net outflows on Thursday, marking the seventh consecutive day of negative flows totaling over $1 billion. * Spot Ethereum ETFs saw relatively minor movements on Thursday, with Grayscale's ETHE showing the only net outflows of $7.4 million. * Japan&
cftc
* The US regulator, the Commodity Futures Trading Commission (CFTC), has urgently filed an emergency motion to block Kalshi, a US prediction market, from offering election betting contracts. * The CFTC argues that without the court's reasoning, it is unable to make an informed decision on whether to appeal. * Kalshi
agriculture
* Tether invests $100 million to acquire 9.8% stake in Adecoagro, its first investment in agriculture sector. * Tether used its own working capital funds for the investment. * Adecoagro is a major milk producer in Argentina and entered sugar, ethanol, and energy businesses in Brazil. * Tether's USDT is the