Crypto exchange Binance has converted the entire balance of a pool of assets held in an emergency fund for users into Circle’s USDC stablecoin. In an announcement on Wednesday, the firm said that the decision to convert the Secure Asset Fund for Users (SAFU) into USDC would further enhance the …

Sam Altman’s Worldcoin Foundation has unveiled a new Ethereum layer 2 network that will be integrated with the Worldcoin protocol, with the ultimate goal of increasing the layer 2 block gas limit and address network costs. In a Wednesday blog post, the company said that its new layer 2 World …

Though cumulative inflows into spot US bitcoin ETFs have started to slow, trading volumes in the nascent instruments have begun to rival — or eclipse — spot bitcoin transactions on centralized exchanges.  For instance, iShare’s Bitcoin Trust, toward the end of Wednesday’s trading session in New York had booked a …

From a beleaguered digital assets lender with a heavy retail book to an institutional crypto asset manager catering to hedge funds and venture capitalists, Abra’s reinvention has taken hold. The company on Wednesday disclosed the launch of its new institutional umbrella, Abra Capital, recently recognized by the U.S. Securities and …

Ethereum Improvement Proposal (EIP) 3074 will go live during Ethereum’s next hard fork, dubbed ‘Pectra,’ and many in the Ethereum community are very excited that it’s finally coming to fruition.  Initially proposed by Ethereum researchers Sam Wilson, Ansgar Dietrichs, Matt Garnett, and Micah Zoltu in October 2020, EIP-3074 will be …

Pac Finance, a crypto lending protocol built on the Blast network, unexpectedly changed the loan-to-value (LTV) ratio and liquidation parameters, leading to cascading liquidations in a matter of six seconds. The incident was flagged on X by Will Sheehan, founder of blockchain data firm Parsec, who shared data on the …

It has turned into a foreboding week for decentralized finance — the quest to build complex financial services on decentralized blockchains. When I decided to write this column, the trouble was slightly abstract, sparked by the criminal trial of Mango Markets exploiter Avi Eisenberg. Eisenberg is essentially arguing that he …

The U.S. Securities and Exchange Commission hitting Uniswap with a Wells notice, disclosed Wednesday, marked a departure from the regulator’s tried-and-true practice of clamping down on centralized crypto entities, attorneys said.  A Wells notice typically precedes an SEC lawsuit — if Uniswap Labs, the creators of the decentralized Uniswap exchange, …

Ethereum blockchain underwent the Dencun upgrade in March 2024, introducing a concept called Blobs. Blobs are a novel data storage concept intended to lower transaction costs on layer 2 scaling solutions. While the concept was intended primarily to lower costs, some creators used blobs to develop “BlobScriptions.” Read on to learn …

Since 2021, Ethereum has typically led layer 1 blockchain networks in terms of daily fees generated, but Bitcoin has recently been giving Ethereum a run for its money.  On Monday, crypto users paid $9.8 million in total fees on Bitcoin and $6.4 million on Ethereum, while on Tuesday, Bitcoin generated …

Several spot ether (ETH) exchange traded fund (ETF) applications will likely be rejected by the U.S. Securities and Exchanges Commission (SEC) at the end of May, according to most analysts familiar with the process. One such expert, Bloomberg ETF analyst Eric Balchunas, has consecutively lowered his estimates of the chances …

It’s been a volatile week for the crypto market and the second largest cryptocurrency by market capitalization ether was one of the hardest hit digital assets, losing more than 11% over the last seven days. In a note on Tuesday, crypto hedge fund QCP Capital noted that crypto markets are getting …

The second season of Crypto: The Game, completed its public mint today within 15 minutes of it going live, with 800 players signing up to play in the next installment of the popular onchain game. NFT’s required to play the game sold for 0.1 ETH each, contributing to a winning …

As the 2024 bull market gets underway, the NFT market is cooling as the burgeoning, and yet already massive, world of memecoins takes off.  NFT sales have plateaued at around $1.3 billion monthly—a significant comedown from their peak in January 2022, when sales hit $6 billion with the Ethereum price …

Krishna Okhandiar, the founder of Remilia and the Milady non-fungible token (NFT) collection, more commonly known by the pseudonym “Charlotte Fang” has claimed that his wallet was drained by hackers after several popular NFTs and assets were transferred out and liquidated over the weekend. Dumpster DAO flagged the suspicious transactions …

The largest ever bitcoin block, measured by byte size, has been mined — and it consists entirely of a Bitcoin Ordinals inscription.  The block was mined by bitcoin mining firm Marathon Digital’s Slipstream, a direct transaction submission service on bitcoin made possible by the company’s proprietary mining pool MARA, and …

Putting to rest a trial that had pitted the DeFi maxim that “code is law” against accusations of market manipulation, former Mango Markets trader Avraham “Avi” Eisenberg was convicted on Thursday.  As the dust settled on the week-long New York trial, crypto attorneys and traders began to parse potential implications, …

A new stablecoin bill proposed in the U.S. Senate embodies the duality of regulation: though its immediate purpose is to put up guardrails around one segment of the blockchain-based financial system, the bill’s ultimate effect would be to legitimize and even “supercharge” the crypto world as a whole.  The new …

A Securities and Exchange Commission (SEC) attorney walks into a courtroom in the Southern District of New York (SDNY) and asks her colleagues at the Commodity Futures Trading Commission (CFTC) and Department of Justice (DOJ): what’s MNGO?  The Assistant U.S. Attorney says: “a commodity – just look at our indictment …

Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. On Wednesday, the U.S. Securities and Exchange Commission (SEC) issued a Wells notice to Uniswap Labs, the team behind the prominent decentralized exchange (DEX) Uniswap, …

Picasso Network announced Monday a new extension of the Inter-Blockchain Communication Protocol (IBC), bridging together Solana and Cosmos. The move is aimed at enabling data and asset transfers between the two blockchain networks. IBC, originally implemented for a Cosmos SDK chain, acts as a cross-chain infrastructure protocol “to facilitate the …

Cybercriminals keep coming up with ways to steal your crypto assets. Address poisoning attacks are one of them. Read on as we discuss address poisoning attacks, how they work, the various types, and how to protect yourself against them.  What Are Address Poisoning Attacks? Address poisoning attacks are a type …

Points systems have become a popular, offchain mechanism for crypto protocols to track and measure the engagement of early adopters. A wide variety of crypto projects have been using points to determine how much of an airdrop allocation crypto users should receive.  For example, non-fungible tokens marketplace Blur, restaking platform …

Oracle network Chainlink announced Thursday the rollout of Transporter, a bridging application that is built on its cross-chain interoperability protocol (CCIP). With an interface for submitting and monitoring cross-chain transactions on CCIP, Transporter aims to enable users to move tokens and messages in a secure manner across several blockchains—namely Arbitrum, …