Bitcoin
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.
Business
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.
A wallet tied to Mt. Gox moved $2.71 billion in BTC from cold storage to a new wallet as the exchange announced it had started making repayments in bitcoin and bitcoin Cash.
Ethereum
Lookonchain found that Ethereum earns over $2.7 billion in fees per year — more than twice the amount of fees generated by Bitcoin.
Bitcoin Core developers have set up a new security policy, noting that the project has “historically done a poor job at disclosing security-critical bugs.”
Symbiotic has attracted 318,227 ETH since its inception less than a month ago, gaining some ground against restaking first mover EigenLayer, which has 5.09 million ETH in its smart contracts.
WLD’s recent price movement comes as Tools for Humanity, a software firm developing Worldcoin, hired executives from top traditional technology firms such as X, Google, Apple, Meta, and Tesla.
Blast has allocated 10 billion tokens for its phase 2 rewards program to incentivize the use and development of mobile Dapps.
Alameda Research-backed Genesis Digital Assets is reportedly exploring the possibility of going public.
