Tether (USDT) Whale Wallets Hit 3-Year Low
There is a dwindling whale interest in Tether as the uncertainty over USDT’s reserve grows. According to new data, ongoing aversion to Tether (USDT), the largest stablecoin, appears to have crept into its largest wallets. According to data from blockchain analytics startup Santiment, addresses holding $100,000 to $10 million USDT are nearing three-year lows in […]
Crema Hacker Returns $8 Million, Keeps $1.6 Million In Bounty
As a “white hat bounty,” the Crema Finance team gave the hacker who stole almost $10 million from the protocol 16.7 percent of the stolen money. The hacker who hacked the Solana-based liquidity protocol Crema Finance on July 2 was allowed to keep $1.6 million as a white hat prize. The reward, 45,455 Solana (SOL), […]
ETH Rises 5% After Ethereum’s Sepolia Testnet Merge Success
Following the success of the Sepolia testnet merge, Ethereum had a price increase in the last 24 hours, as it moves closer to the mainnet merge. On July 6, Ethereum developers completed The Merge on the Sepolia testnet, bringing the Ethereum network one step closer to becoming a Proof-of-Stake (PoS) network. The news cheered Ether […]
United States Bans Crypto Owners From Working On Government Cryptocurrency Policies
In a new legal notice, the US Office of Government Ethics says that any employee who owns cryptocurrency can’t work on Federal rules about crypto. Cryptocurrency owners working with the US government are now barred from working on rules and policies that could affect the value of cryptocurrency. According to a new advisory notice issued […]
South Korea’s Uprise Loses $20 Million Shorting LUNA
By shorting LUNA, the Terra Classic native token, Uprise, a crypto custodial service, and AI trading platform lost almost all of its customers’ assets. Uprise, South Korean crypto investing startup platform, reportedly lost 99 percent of its assets worth approximately $20 million when it was liquidated shorting the LUNA token. The trading desk of Uprise […]