A breach has occurred in the Polygon community Discord channel. The chief information security officer at Polygon, Mudit Gupta, acknowledged the intrusion and warned users not to click on any links published in the Discord channel until the issue is fixed. Even though Gupta claimed that all privileged accounts had
August 24, 2024 1 min read
U.S. spot bitcoin ETFs have now had six consecutive days of positive inflows, with Thursday’s data showing net inflows of $64.91 million. SoSoValue data shows that on Thursday, the biggest inflow among the funds was $75.49 million into BlackRock’s IBIT, the biggest spot bitcoin ETF by net assets. A total
August 23, 2024 1 min read
In preparation for an impending network upgrade, the cryptocurrency exchange Upbit will temporarily disable the Near Protocol’s (NEAR) deposit and withdrawal services. An official announcement states that the suspension will start on August 26 at 3 am UTC. And continue on until the network upgrade is determined to be stable.
August 23, 2024 1 min read
Some have taken the release of the US Federal Reserve’s meeting minutes from July as more confirmation of a rate decrease in September. However in the hours after the release, Bitcoin futures traders added over a billion dollars to Bitcoin Open Interest (OI). With a gain of $1.26 billion in
August 22, 2024 2 mins read
Spot Ethereum exchange-traded funds (ETFs) in the US have seen withdrawals for five days in a row. This is the longest run of withdrawals since their inception on July 23. Withdrawals from the Grayscale Ethereum Trust (ETHE) having surpassed $2.5 billion as of August 21 have outpaced the majority of
August 22, 2024 1 min read
YeagerAI has announced the successful completion of a $7.5 million seed round for its GenLayer, an AI-powered Intelligent Blockchain, which was headed by North Island Ventures. World-class web3 venture capital firms, such as Arrington Capital, Node Capital, Samara AG, DCF Capital, WAGMI Ventures, Magnus Capital, MH Ventures, BlockBuilders, TykheBlock, ZK Ventures,
August 21, 2024 3 mins read
As part of its most recent Bitcoin investment strategy, the publicly traded Japanese company Metaplanet has acquired bitcoins valued at 500 million Japanese yen. In the wake of chief executive officer Simon Gerovich’s announcement of Metaplanet’s second Bitcoin acquisition, the stock price surged more than 13% and finished Tuesday at
August 20, 2024 1 min read
Layer 3 Orbs has announced that its dLIMIT and DCA protocols have been integrated into the market-leading multi-chain DEX Sushi. With the advent of these twin technologies, Sushi users will have access to robust tools that improve their trading encounter. Users may now access sophisticated order types, such as the option to
August 20, 2024 2 mins read
A small but steady $30 million poured into digital asset investment products during the last week. This small number, however, masks a large variation between assets and geographies. Looking at the flows by geography reveals a lot of variation; the United States, Canada, and Brazil all had inflows of $62
August 19, 2024 2 mins read
Prominent Bitcoin miner in North America, Hut 8 Corp. (HUT), released its Q2 financial results for the period ending June 30, 2024. A net loss of $71.9 million was recorded by the corporation, even though revenue increased by 72% year-over-year to $35.2 million. Revenue during the quarter ending June 30,
August 19, 2024 1 min read
