While Chainalysis suspected the involvement of North Korea in the Euler Finance hack, they highlighted the possibility of misdirection by other hackers.

Bitcoin’s dominance continues to increase as most of the alts have slumped today, while BTC maintains above $27,000. ATOM, LDO, and APT are among the most substantial losers today, dropping by up to 7%. Bitcoin Dominance Spikes to New Peaks The US banking crisis, in which three banks were closed within days, and the subsequent […]

VeChain and Micromation Inc, a Canadian firm has partnered to advance asset traceability. VeChain has continued to advance its reach as an enterprise-grade smart contract protocol. VeChain (VET) is expanding its global influence as an enterprise-grade blockchain protocol following its latest integration by Micromation Inc, a Canadian IT service management company. The news was publicized […]

Adam Cochran believes Srinivasan’s prediction is not accurate

Former a16z partner and Coinbase CTO Balaji Srinivasan has caused controversy by publicly claiming he would bet $1 million that bitcoin will reach $1 million within 90 days, prompting criticism from experts such as Nassim Nicholas Taleb

Cryptocurrency exchange Binance has replaced its Binance USD (BUSD) holdings in its Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT) in response to Paxos’ move to stop minting new BUSD. SAFU is an emergency insurance fund established by Binance to protect users’ funds in case of security breaches or other unforeseen […]

Moody’s Investors Service has warned that the recent turmoil in the traditional banking sector and USDC losing its peg could negatively impact stablecoin adoption and increase calls for regulation. The credit rating agency believes that fiat-backed stablecoins like USDC could face new resistance, limiting their stability and potentially causing a run on banks holding Circle’s […]

FTX debtors have reported over $4 billion in scheduled assets among various company silos as of November 2022 in a filing with the United States Bankruptcy Court. The report revealed that Alameda Research held the majority of scheduled assets but had “potentially material claims that have been filed as undetermined,” while the data surrounding cryptocurrency […]

Representatives from the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve will testify before the United States House Financial Services Commission in a hearing investigating the collapse of Silicon Valley Bank and Signature Bank. Lawmakers are seeking to understand why and how these banks failed. The hearing is expected to take place on March 29, […]

Institutional investors are seeking solutions for easy implementation of tokenization to improve liquidity for global assets expected to reach $145.4 trillion by 2025. Polygon has been working with global players such as Hamilton Lane, which has already tokenized part of its $824 billion assets under management, and JPMorgan, which executed its first cross-border DeFi transaction […]