The class action complaint against Circle Internet Group was initiated by an investor in the Drift Protocol. The investor claims that Circle failed to seize the $280 million in funds that were taken in the April 1 hack of the protocol. In a US district court in Massachusetts on Wednesday, Drift
This month, Bitcoin’s price has increased by about 10%; nevertheless, the surge is encountering resistance close to $75,000. The halt is noteworthy because US equities are trying to reach new highs. Holders are selling into strength, according to on-chain data, which helps to explain the slowdown. Along with record highs in
Despite only being available for trading for a little over a week, Morgan Stanley’s new spot Bitcoin ETF has already received more capital than WisdomTree Bitcoin Fund (WBTC) in net inflows. Wednesday saw a net inflow of $19.3 million to the Morgan Stanley Bitcoin Trust (MSBT), raising the total to
With the formal launch of its decentralized autonomous organization (DAO), Orbs has introduced a governance architecture that allows its worldwide community to make protocol decisions. A major step toward completely decentralized governance, the implementation will start in the next weeks. After years of infrastructure development, product deployment, and regulatory preparation,
What will it take to create a financial system that billions of people can depend on and hardly notice? At Paris Blockchain Week 2026, Ben Zhou, the CEO and co-founder of Bybit, spoke at a fireside chat titled “Trust, Technology, and Transformation: Building the New Financial Platform for a Tokenized
In order to address the severe lack of stablecoin connectivity across Asia, Stables, an API-first infrastructure platform, today announced a strategic agreement with settlement infrastructure provider Mansa. Only 1% of local banks now support the technology, despite Asia accounting for 60% of worldwide stablecoin movements. This creates a significant infrastructure deficit for
At the time of writing on Wednesday, Bitcoin’s (BTC) price was hovering around $74,000, a crucial breakthrough level that, if maintained, would indicate a positive trend moving forward. Spot Exchange Traded Funds (ETFs) saw inflows of more than $410 million on Tuesday, bolstering the Bitcoin price. This comes as reports suggest
It was revealed today by Binance that the Binance App would soon include a new feature called Binance Chat. This tool will combine chat, community engagement, and cryptocurrency transfers into a unified experience. Without ever having to leave the app, users are now able to connect with contacts, participate in
The crucial $1.4 resistance level has been challenged twice by XRP throughout the last two weeks. Time and again, sellers were able to halt market rallies by holding the price down. Still, it seems like price action is eager to give it another go. An further effort to transform $1.4
Kraken, a cryptocurrency exchange, has dropped hints that its initial public offering (IPO) is still moving forward, despite rumors that it was shelved last month owing to market circumstances. In November, Kraken submitted an application to the US Securities and Exchange Commission (SEC) for a confidential initial public offering (IPO), but
