February 2024
BitForex exchange halts, US$56 mln outflow sparks exit scam fears
Crypto exchange BitForex suspends operations without explanation, following a US$56 million withdrawal, raising concerns of a potential exit scam.
Polygon-founded Avail secures $27M in seed funding
Avail, a Web3 infrastructure project, has raised US$27 million to develop its core products aimed at enhancing blockchain interoperability and scalability.
Stolen DeGods NFT funds recovered by blockchain sleuth ZachXBT
A chunk of funds lost in the theft of a rare NFT has been returned to the owner, thanks to investigator ZachXBT.
Axie Infinity co-founder suffers US$9.7 mln theft
Jeff Zirlin, Axie Infinity co-founder, loses nearly $10 million in Ethereum due to a security breach.
Wright submits 164,000 pages in an attempt to prove he’s Satoshi
Craig Wright’s claim as Bitcoin creator faces scrutiny in court with new evidence and testimonies.
UK moves to classify cryptocurrencies as property
The UK Law Commission proposes a new legal framework to recognize cryptocurrencies as property, aiming to provide clarity and protection for digital assets.
Andreessen Horowitz backs EigenLayer with US$100 mln investment
Venture capital firm Andreessen Horowitz invests $100 million in Ethereum restaking protocol EigenLayer, signaling strong support for blockchain innovation.
Reddit invests in Bitcoin and Ethereum ahead of IPO
Social media platform Reddit has diversified its assets by investing in cryptocurrencies Bitcoin and Ethereum, as revealed in its IPO filing.
StarkWare revises STRK token unlock plan after community backlash
Following criticism, StarkWare adjusts its STRK token release schedule to ensure a more gradual release over the coming years.
Yuga Labs sees leadership shift and NFT sales surge
Greg Solano’s return as Yuga Labs CEO spurs a significant increase in Bored Ape Yacht Club NFT prices.
SEC sued over crypto regulation authority
Crypto group and digital asset firm challenge SEC’s authority in Texas lawsuit.
Do Kwon to face US extradition for Terra collapse charges
Montenegro court approves extradition of Terraform Labs’ Do Kwon to the US, where he faces fraud charges.
SEC’s crypto enforcement lawyer joins private law firm
Former SEC attorney Ladan Stewart transitions to White & Case, a firm known for defending crypto companies.
Circle ends USDC support on TRON network
USDC halts TRON support, aligning with Circle’s IPO plans.
MetaMask boosts security with Blockaid’s privacy module
MetaMask partners with Blockaid to enhance security for over 30 million users.
Ether hits US$3,000, investors eyes on possible ETF approval
Ethereum’s native token, Ether, briefly surged to US$3,000 for the first time in 22 months before retracing.
STRK trading begins amidst massive airdrop event
Starknet distributes 728 million STRK tokens, with initial trading volatility.
Bored Ape creator Yuga Labs buys Moonbirds’ Proof
Yuga Labs is expected to feature the Moonbirds collection in its Otherside metaverse.
Worldcoin’s WLD token hits record high as users surpass 1 mln
Worldcoin’s record surge comes on the back of OpenAI’s new text-to-video tool, Sora.
Animoca brings 3 crypto wallets onto its Mocaverse network
Animoca Brands announces partnerships with OKX Wallet, Crypto.com DeFi Wallet, and Halo Wallet, elevating the user experience in the Mocaverse network.
Aptos joins the Web3 phone business after Solana’s success
New cryptophone by Aptos and Jambo priced at US$99 targets customers in Africa, Southeast Asia and Latin America.
US Treasury: crypto’s role in Hamas funding minor
“Terrorists” still prefer to use traditional finance products, according to U.S. Treasury’s Brian Nelson.
Web3 in Asia grows as Klaytn and Finschia announce merger
Both layer-1 chains are backed by major Asian internet companies.
Revolut to list Bonk alongside US$1.2 mln learning campaign: report
Bonk will join Ethereum-based memecoins such as Dogecoin and Shiba Inu on the platform.
STRK token launch targets 1.3 mln users, US$1 billion valuation
StarkNet’s upcoming token airdrop could become the largest in history.
Bitcoin returns to the US$1 trillion club
Bitcoin’s current market value is greater than the world’s eighth largest company.
DN404, a new hybrid NFT standard challenges ERC-404
The NFT landscape evolves with DN404, a fresh rival to the ERC-404 standard.
US inflation snaps Bitcoin’s winning streak
Bitcoin’s value dips following a hotter-than-expected U.S. CPI report but weekly momentum stays in green.
Binance founder’s court date pushed back to April 30
Zhao has pleaded guilty to money laundering charges in November.
Solana’s second smartphone hits 100,000 pre-orders
The blockchain company’s latest mobile venture for a US$450 pre-order price per phone brings in US$45 million for Solana.
ERC-404 frenzy drives Ethereum gas to eight-month peak
The rise of ERC-404 tokens brings a new dimension to the Ethereum blockchain, blending the characteristics of ERC-20 and ERC-721 tokens.
OSL and UBS pioneer first tokenized warrant transaction in Hong Kong
Fusing traditional banking and blockchain, OSL collaborates with UBS to execute Hong Kong’s first transaction of a tokenized warrant on the Ethereum.
Sara Stratoberdha named new CEO of CoinDesk
Bullish, the cryptocurrency exchange, announces Sara Stratoberdha as CoinDesk’s new leader, emphasizing the platform’s commitment to unbiased and independent journalism under new ownership.
First ERC-404 passes US$32,000
ERC-404 is a new Ethereum token standard for semi-fungible tokens.
Ethereum sets March 13 for Dencun upgrade
The Ethereum network is poised for a significant upgrade this March, with the Dencun update focusing on proto-danksharding.
Ethereum staking hits milestone: over 25% of supply now locked
Despite the Shapella upgrade allowing withdrawals, Ethereum’s proof-of-stake transition continues to attract validators, with over 30 million Ether staked.
Montenegro court overturns extradition of Terra founder Do Kwon
International tug of war over Kwon’s fate takes a new turn with Montenegro court’s reversal on extradition.
Jack Dorsey’s BlueSky now open for all
BlueSky, the decentralized social media platform by Jack Dorsey, opens its doors to the public.
SocialFi’s next big hit? Friendzone set to launch on Polygon
Friendzone is poised to challenge traditional social media models with its blockchain-powered SocialFi application on the Polygon network.
South Korean crypto criminals to face life sentence
Crypto criminals with more than US$3.76 billion in profits may face life in South Korea.
Unlicensed crypto exchanges face shutdown in Hong Kong
Only two exchanges are licensed to provide crypto trading services to Hong Kong’s retail sector so far.
Solana logs back in after a five-hour outage, SOL rebounds
Solana, a blockchain that has been plagued with outages in the past, had its first network interruption in almost a year.
Monero sinks as Binance announces delisting
Privacy coins face a setback as Binance removes Monero, impacting its market price.
Tether, Solana’s Yakovenko back Oobit with US$25 mln funding
Industry giants Tether and Yakovenko invest in Oobit’s $25M funding round.
Yuga Labs’ payout from Ripps and Cahen raised to nearly US$9 mln
Ryder Ripps and Jeremy Cahen must pay almost US$7 million in Yuga Labs’ attorneys’ fees, court documents show.
Genesis proposes US$1.6 bln asset sale amid bankruptcy
Genesis, in bankruptcy, seeks court approval to sell Bitcoin and Ether trust assets worth US$1.6 billion.
OPNX exchange to cease operations
OPNX, founded by Su Zhu, ceases operations due to FTX estate’s recovery claims.
US charges trio in FTX crypto exchange hack
The mystery of the FTX hack unfolds as the DOJ charges three unnamed suspects for the US$400 million theft in November 2022.
Bybit eyes Hong Kong license: crypto expansion plans
Crypto derivatives exchange Bybit seeks to enter Hong Kong’s market with a new license application.
Celsius Network’s US$3 bln repayment begins
Celsius Network starts repaying $3 billion to creditors, marking a step towards resolving its bankruptcy.
USDT issuer Tether pockets US$2.85 bln in profits in Q4 2023
Tether reports a record US$2.85 billion profit last quarter as its USDT soars towards US$100 billion market cap
US$112 mln XRP theft hits Ripple’s Larsen
Ripple’s Chris Larsen loses $112M in XRP to hackers in a recent security breach.
FTX expects to repay customers, no exchange relaunch
FTX plans to repay customers amid bankruptcy proceedings, rules out exchange relaunch.
BNB Chain highlights DeFi, gaming and AI in 2024 roadmap
The “One BNB Paradigm” aims to streamline BNB Chain’s ecosystem, focusing on DeFi, gaming, and AI.
January 2024
OpenSea open for acquisition amid NFT market shifts: report
Non-fungible tokens (NFT) marketplace OpenSea is reportedly considering acquisition proposals. According to DL News, OpenSea Chief Executive Officer Devin Finzer said the firm has not ruled out the possibility of selling the company, and indicated a willingness to engage with interested parties. ”We think that if the right partnership comes along, then that’s something we […]
Transak streamlines crypto conversions with Visa Direct integration
Transak integrates with Visa Direct to simplify crypto-to-fiat transactions globally.
Solana-based GameStop meme coin gains traction after retailer pulls plug on crypto
A GME-themed meme coin, not affiliated with the video game retailer GameStop, is replicating the company’s meme stock frenzy on the Solana blockchain.
Floki Inu staking halted in Hong Kong after SFC warning
Floki Inu suspends its staking program in Hong Kong following regulatory warnings.
Solana’s Jupiter trading volume skyrockets ahead of JUP airdrop
Jupiter Exchange experiences a trading boom as the Solana community awaits the upcoming JUP airdrop.
Hong Kong sees first spot Bitcoin ETF application
Hong Kong could welcome its first spot Bitcoin ETF, courtesy of Harvest Global’s recent filing.
Classic Doom revived on Dogecoin network
Gamers can now play Doom directly on the Dogecoin blockchain, merging nostalgia with modern tech.
Algorand CEO’s social media account hit by hackers
Algorand community warned as CEO’s social media falls prey to hackers.
Swan Bitcoin debuts mining operations ahead of IPO
Swan Bitcoin steps into mining ahead of halving as it prepares for a stock market debut.
Investors lost 54.3% less crypto in 2023, Chainalysis says
The total value of stolen crypto decreased last year but the number of individual hacking incidents grew.
SEC postpones verdict on Grayscale’s spot Ether ETF
Ether ETF hopefuls on hold as SEC postpones decision.
JPMorgan downgrades Coinbase to underweight
Analysts at JPMorgan slash Coinbase rating to underweight, questioning ETF impact.
Mt. Gox confirms addresses for BTC repayment plan
Long-awaited Bitcoin repayments closer as Mt. Gox confirms creditor addresses.
Dogecoin soars to weekly peak amid X Payments buzz
Speculative X Payments chatter triggers Dogecoin’s sharp rise.
Terraform Labs Seeks U.S. bankruptcy shield
Do Kwon-founded Terraform Labs files for Chapter 11 bankruptcy in the U.S.
US, UK, Australia target Hamas-linked crypto networks
Allied nations impose sanctions on entities allegedly aiding Hamas’ crypto transactions.
SEC delays Fidelity’s Ethereum ETF decision
Fidelity’s bid for a spot Ethereum ETF hits a snag as SEC delays decision.
Polygon’s MATIC stirs as US$26 mln moved to exchanges
Celsius Network’s move of US$26 million in MATIC to exchanges raises eyebrows amid market volatility.