Unchained
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Bitcoin
Analysts believe Riot, TeraWulf and Cleanspark will be the Bitcoin miners best positioned for the upcoming halving event, which will likely make breaking even a more difficult task.
DeFi
Rainbow Drainer and Node Drainer were the two most profitable wallet drainers behind the phishing campaigns that stole millions of crypto from over 3,000 users.
Not since Jan. 2022 have the most adept on-chain traders held such a low percentage of their holdings in stablecoins, says the blockchain research firm.
The first day of trading also included outflows for the Grayscale Bitcoin Trust (GBTC), but these were largely expected.
Grayscale’s GBTC and iShares IBIT accounted for more than 70% of the $4.6 billion in volume recorded on the first day of trading.
Business
The NEAR Foundation has trimmed its headcount as it seeks to consolidate the team into focusing on a “higher-impact set of activities.”
The global investment manager said the newly SEC approved exchange-traded funds “don’t align” with its broader investment offerings.
Long-term investors have been selling BTC in the last week, after more than a year of buying, according to blockchain analytics firm Glassnode.
Regulation
Hacks and communication failures were the only appropriate ending to the regulators’ many years of wrongheaded misbehavior.
