Business
BlackRock’s tokenized treasury fund is the first of its kind to reach the $500 million market cap milestone.
Ethereum
The crowd-sourced security audit competition will reward security researchers for identifying vulnerabilities in Ethereum’s code.
According to blockchain analytics firm Nansen, Crypto.com has a total onchain portfolio of nearly $6 billion, with memecoins including SHIB, PEPE, FLOKI, LADYS, and MOG making up more than 15% of the exchange’s token reserves held for customers.
Bitcoin
While the German government has been transferring large sums of bitcoin to exchanges and market makers, exchanges are holding a multi-year record low of BTC, suggesting that people are self-custodying their assets or using custodial entities.
DeFi
After a sharp sell-off, LayerZero’s ZRO token has climbed significantly, outperforming other recently airdropped tokens. Here’s a potential reason.
Regulation
Senate Agriculture Committee Chairwoman Debbie Stabenow is working closely with Ranking Member John Boozman on a new piece of crypto legislation that is “tightly guarded.” A committee hearing regarding digital commodities on Wednesday could be her first chance to preview it.
Solana
Jump Crypto will pay developers up to a million dollars for disclosing critical bugs in Firedancer, its independent validator client for Solana.
Short-term holders are feeling the punch of Bitcoin’s recent downtrend, with data from Glassnode showing that they are “disproportionately underwater” on their positions.
The lawsuit comes after Celsius already reached settlements with 1,500 account holders to recover $100 million worth of funds.
Tech
The Open Network, associated with messaging giant Telegram, saw $299 million in USDT transfer volume, the highest single-day figure since Tether rolled out its US dollar-pegged stablecoin on the network in April, according to blockchain analytics firm Artemis.
