Bitcoin
Traders are gambling on outcomes related to Bitcoin’s price, stablecoin provider Tether’s solvency, the bridge for unfinished layer-2 Blast, and airdrops on Solana.
DeFi
The number of DeFi hacks and DeFi losses fell, too — the latter down for the first time ever — indicating stronger DeFi security, according to a new Chainalysis report.
Bitcoin has lost 18% of its value since spot ETFs for the digital asset were approved, meaning the market timed the event to near perfection, say analysts at Glassnode. They zoom out to assess what’s next for the crypto market.
Business
Crypto exchange OKX said it would compensate users for abnormal liquidation losses after the OKB token crashed 50% in three minutes on Tuesday.
Following an announcement late last year that it would invest in meme coins, the foundation disclosed the eligibility criteria for evaluating tokens its $100 million Culture Catalyst program may purchase.
Olaf Carlson-Wee said the VC firm’s tight risk controls proved invaluable.
The SEC said its X account was compromised in a “SIM swap” attack, which led to the false spot Bitcoin ETF approval post earlier this month.
Alameda Research has voluntarily dismissed its lawsuit against Grayscale Investments, as its sister company FTX pulled $1 billion from GBTC.
A court in Washington, DC heard arguments in the SEC’s case against beleaguered crypto exchange Binance on Monday.
If almost half of the outflows from Grayscale Bitcoin Trust ETF is from the beleaguered crypto exchange’s estate, the market may calm its fears that investors are fleeing Bitcoin.
