Radiant Capital Begins Debt Repayment Following Hack
Cross-chain lending platform Radiant Capital has begun debt repayment of debt following the depletion of the protocol’s funds by $4.5 million earlier this month due to a flash loan exploit. As of the announcement on January 23, Radiant has effectively completed an initial payment totaling 1,190 Ether ($2.6 million), leaving behind an estimated 720 ETH […]
Grayscale’s GBTC Net Outflows Rise While Others Stall
On Monday, January 22, Grayscale’s GBTC outflows surpassed $640 million, while other Bitcoin ETFs experienced significant NAV declines. Grayscale briefly dominated the market on the first day due to the excitement surrounding the SEC approval of the Bitcoin ETF. However, outflows from Grayscale’s GBTC surpassed $640 million on Monday, January 22. Other ETFs experienced substantial […]
Terra Luna Classic Community Votes on Proposal Before Upgrades
The Terra Luna Classic community votes to “enable” the ICA Controller module of the blockchain’s parameters, resulting in a decrease in the LUNC price. The Terra Luna Classic community casts a vote on an additional significant proposal that would affect the chain’s internal storage before the developers commence critical chain enhancements. However, it prevents developers […]
Hackers Amass Over $580K through Email Phishing Campaigns
Hackers have amassed over $580,000 from unsuspecting victims through an ongoing phishing and malware campaign using email addresses that imitate those of prominent Web3 companies, such as Cointelegraph, WalletConnect, and Token Terminal. As of the delivery of the phishing emails, cryptocurrency investigator ZachXBT has identified a multichain address that has accrued more than $580,000 worth […]
Invesco, WisdomTree Reduce Fees on European ETPs by Over 60%
Following the United States Securities and Exchange Commission (SEC) approval of ETFs, the spot Bitcoin exchange-traded fund (ETF) fee war has now spread to Europe, and assets managers Invesco and WisdomTree have reduced the expenses of their ETP for institutional investors. Before their approval on January 10, all eleven applicants made multiple revisions to their […]