April 19, 2024
Bitcoin Briefly Falls Under $60,000 As Middle East Conflict Escalates
Bitcoin slipped under the crucial $60,000 price level late on Thursday, as risk assets sold off on news of Israel launching an attack on Iran.
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Previous halvings have occurred in very different macro environments, meaning the latest occurence’s effect on bitcoin prices—and subsequent demand—could vary as well.
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Inflows into spot bitcoin ETFs have recently been declining and even turned negative at times, with $165 million collectively being pulled out of them on Thursday. This comes after investors bought into ETFs heavily in mid-March, with the sector notching multiple daily inflows north of $1 billion. But some are …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Not only will April 20 (or 19, depending on which part of the world you are) mark the fourth Bitcoin halving, but also the …
Bitcoin briefly plunged to a low of $59,698 late on Thursday night as US officials confirmed that Israel had carried out military operations in Iran. The price of the leading digital asset quickly recovered, and was trading around $62,100 at the time of writing. According to an Al Jazeera report, …
Inflows into spot bitcoin ETFs have recently been declining and even turned negative at times, with $165 million collectively being pulled out of them on Thursday. This comes after investors bought into ETFs heavily in mid-March, with the sector notching multiple daily inflows north of $1 billion. But some are …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
Tether, the company behind the USDT stablecoin, is venturing into other areas of the digital asset industry. In a blog post on Thursday, the firm unveiled a framework to reorganize into four different divisions: Tether Power, Tether Data, Tether Edu and Tether Finance. Introducing the new era of Tether! Beyond …
Crypto exchange Binance has converted the entire balance of a pool of assets held in an emergency fund for users into Circle’s USDC stablecoin. In an announcement on Wednesday, the firm said that the decision to convert the Secure Asset Fund for Users (SAFU) into USDC would further enhance the …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
Ethereum Improvement Proposal (EIP) 3074 will go live during Ethereum’s next hard fork, dubbed ‘Pectra,’ and many in the Ethereum community are very excited that it’s finally coming to fruition. Initially proposed by Ethereum researchers Sam Wilson, Ansgar Dietrichs, Matt Garnett, and Micah Zoltu in October 2020, EIP-3074 will be …
In this weekly recap, we cover: Marginfi CEO Steps Down Amid Fund Exodus: Over $130 million is withdrawn from Marginfi following CEO Edgar Pavlovsky’s resignation due to internal and external disagreements, with rival Solend offering airdrops to entice users to switch platforms. Terraform Labs and Do Kwon’s Legal Troubles: A …
Pac Finance, a crypto lending protocol built on the Blast network, unexpectedly changed the loan-to-value (LTV) ratio and liquidation parameters, leading to cascading liquidations in a matter of six seconds. The incident was flagged on X by Will Sheehan, founder of blockchain data firm Parsec, who shared data on the …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
Ethereum blockchain underwent the Dencun upgrade in March 2024, introducing a concept called Blobs. Blobs are a novel data storage concept intended to lower transaction costs on layer 2 scaling solutions. While the concept was intended primarily to lower costs, some creators used blobs to develop “BlobScriptions.” Read on to learn …
Since 2021, Ethereum has typically led layer 1 blockchain networks in terms of daily fees generated, but Bitcoin has recently been giving Ethereum a run for its money. On Monday, crypto users paid $9.8 million in total fees on Bitcoin and $6.4 million on Ethereum, while on Tuesday, Bitcoin generated …
Several spot ether (ETH) exchange traded fund (ETF) applications will likely be rejected by the U.S. Securities and Exchanges Commission (SEC) at the end of May, according to most analysts familiar with the process. One such expert, Bloomberg ETF analyst Eric Balchunas, has consecutively lowered his estimates of the chances …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
The second season of Crypto: The Game, completed its public mint today within 15 minutes of it going live, with 800 players signing up to play in the next installment of the popular onchain game. NFT’s required to play the game sold for 0.1 ETH each, contributing to a winning …
As the 2024 bull market gets underway, the NFT market is cooling as the burgeoning, and yet already massive, world of memecoins takes off. NFT sales have plateaued at around $1.3 billion monthly—a significant comedown from their peak in January 2022, when sales hit $6 billion with the Ethereum price …
Krishna Okhandiar, the founder of Remilia and the Milady non-fungible token (NFT) collection, more commonly known by the pseudonym “Charlotte Fang” has claimed that his wallet was drained by hackers after several popular NFTs and assets were transferred out and liquidated over the weekend. Dumpster DAO flagged the suspicious transactions …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
Putting to rest a trial that had pitted the DeFi maxim that “code is law” against accusations of market manipulation, former Mango Markets trader Avraham “Avi” Eisenberg was convicted on Thursday. As the dust settled on the week-long New York trial, crypto attorneys and traders began to parse potential implications, …
A new stablecoin bill proposed in the U.S. Senate embodies the duality of regulation: though its immediate purpose is to put up guardrails around one segment of the blockchain-based financial system, the bill’s ultimate effect would be to legitimize and even “supercharge” the crypto world as a whole. The new …
A Securities and Exchange Commission (SEC) attorney walks into a courtroom in the Southern District of New York (SDNY) and asks her colleagues at the Commodity Futures Trading Commission (CFTC) and Department of Justice (DOJ): what’s MNGO? The Assistant U.S. Attorney says: “a commodity – just look at our indictment …
In this weekly recap, we cover: Mango Markets Fraud Conviction: Avi Eisenberg faces up to 40 years after being found guilty of commodities fraud and other charges in a landmark DeFi case, setting a critical precedent for crypto market regulations. Hong Kong Approves Bitcoin and Ethereum ETFs: The Hong …
Picasso Network announced Monday a new extension of the Inter-Blockchain Communication Protocol (IBC), bridging together Solana and Cosmos. The move is aimed at enabling data and asset transfers between the two blockchain networks. IBC, originally implemented for a Cosmos SDK chain, acts as a cross-chain infrastructure protocol “to facilitate the …
Cybercriminals keep coming up with ways to steal your crypto assets. Address poisoning attacks are one of them. Read on as we discuss address poisoning attacks, how they work, the various types, and how to protect yourself against them. What Are Address Poisoning Attacks? Address poisoning attacks are a type …
Points systems have become a popular, offchain mechanism for crypto protocols to track and measure the engagement of early adopters. A wide variety of crypto projects have been using points to determine how much of an airdrop allocation crypto users should receive. For example, non-fungible tokens marketplace Blur, restaking platform …
The Chopping Block: Dissecting Monad’s Monumental Raise, The EVM Parallelization Puzzle, Solana’s Congestion Crisis, and Avi Eisenberg’s Courtroom Clash!
The Chopping Block: Debating Ethena’s DeFi Dominance, MakerDAO vs. AAVE, SBF’s Sentencing, and Blast’s Hack Response Dilemma!
BlobScriptions made waves in the Ethereum community as a new type of inscription, similar to Ordinal inscriptions on Bitcoin.
The Runes protocol brings a new fungible token standard to Bitcoin that improves on its predecessor BRC-20.
