Three Arrow Capital and Celsius fall brings a tsunami of sell-off in DeFi
This past week, the decentralized finance (DeFi) ecosystem faced the brunt of the bears fueled by liquidation rumors of Three Arrow Capital (3AC) and Celsius liquidations. MakerDAO decided to cut off Aave (AAVE) from its direct deposit…
A Crypto Paradise off the Coast of Vanuatu
Bitcoin Island could soon be a real place. A British property investor plans to turn a South Pacific idyll into a real-world paradise for bitcoin investors.
For the past decade, retired property developer Anthony Welch and his partner,…
NFT.NYC Producer Says Trading Most Boring Part of the Ecosystem
A fourth annual NFT (non-fungible token) event featuring 1,500 speakers will take place next week across seven venues in New York City
“We don’t allow people to come and talk about…
Luna Foundation Acquires An Additional 37.8k Bitcoin Worth $1.5B, Bringing its Total Holdings to…
Summary:
The Luna Foundation Guard has bought an additional 37,863 Bitcoin worth $1.5 billionThe purchase is in line with Do Kwon’s goal of backing UST with digital asset reserves worth $10 billion The Luna Foundation Guard now holds…
Bitcoin On-Chain Analysis: Following Long-Term Holders
Blockware Solutions Lead Insights Analyst Will Clemente ( walks us through long term and short ...
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Congress Sends Letter to EPA Extolling Proof of Work Mining Benefits
U.S. Congress issued another letter to the Environmental Protection Agency (EPA) on Thursday with more educational material on proof of work. This time, however, it came with a positive spin – and was co-signed by a handful…
SEC Chairman Warns of Crypto Lending Platforms With Unrealistic Returns
Gary Gensler – Chairman of the Securities and Exchange Commission (SEC) – spoke about crypto during the RFK Human Rights Compass Summer Investors Conference on Tuesday. He cautioned the public about the returns that some companies…
DeFi Lender Inverse Finance Drained for $1.6M
Ethereum-based DeFi lending protocol Inverse Finance suffered yet another hack. Peckshield was the first to observe the flash loan attack following which it revealed that the attacker carried out an exploit via price oracle…
Web3 Watch: Is Web5 Better Than Web3?
BAYC had the largest increase in floor price in the past 24 hours, peaking at 86.85 ETH, and led the way yesterday in terms of most volume at 2,763 ETH
Gmoney’s Admit One collection…
Elon Musk, Tesla, SpaceX Sued for $258 Billion Dogecoin ‘Pyramid Scheme’
Is Elon Musk’s promotion of Dogecoin coming back to bite him? The billionaire and his companies are now being sued for $258 billion for engaging in a so-called “crypto pyramid scheme” by way of the meme coin.
Sued for…