CryptoPunk NFTs smash records as VISA purchases a CryptoPunk for US$150K
CryptoPunks sales volume increased by over 1,100% in the last 24 hours
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Poly Network hackers return remaining stolen assets
The Poly Network hacking saga has finally reached a happy ending with the crypto thieves releasing the last key to the remaining funds of 28,953 Ether and 1,032 Wrapped Bitcoin tokens, worth approximately US$141 million, on Monday. According to Poly Network, the company is in the process of returning full asset control to users, although…
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USDC to be 100% backed by cash, US Treasuries
Circle, issuer of the world’s second-largest stablecoin USDC, has announced plans to be 100% backed by cash and short-term U.S. Treasuries by September. The company’s most recent attestation showed USDC’s US$22.2 billion supply was backed by only 61% “cash and cash equivalents.” Fast facts Circle had indicated earlier in the month that it wishes to…
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Calling Poly Network incompetent, upset hackers refuse to give back remaining $141M
The Poly Network hackers have returned assets worth around US$427 million, the company announced on Thursday. But hackers accused the company of “incompetency” and are refusing to give back the rest of the loot. Fast facts The hackers had transferred the stolen assets worth over US$600 million in total to mutli-signature wallets controlled by the…
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Antinalysis hung out to dry. Solana eclipses Uniswap. Alibaba’s auction action.
Top blockchain and crypto news: A darkweb stain is scrubbed away. Solana’s moment in the sun. Alibaba huddles with Tencent.
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How stablecoins can help investors weather crypto storms
Notwithstanding Iron Finance’s collapse, stablecoins can play important roles for consumers and the economy, writes Julian Hosp of Cake DeFi.
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Alibaba launches new auction service as it doubles down on NFTs
Accessibility of Alibaba Auction through Tencent’s WeChat service hints at closer relationship between two longtime rivals.
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Poly Network hackers delay handover of stolen assets
The hackers claim that trust issues with the Poly Network team are slowing down the complete handover of stolen assets.
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Report: Ethereum is most popular cryptocurrency in Singapore
As cryptocurrencies gain increasing adoption, the profile of crypto investors in Singapore — one of Asia’s biggest hubs for traditional finance as well as the emerging crypto industry — is broadening from younger investors to mature investors who see crypto as a viable long-term investment, according to the State of Crypto in Singapore report published today.…
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Poly Network hacker returns remaining assets, offered US$500K white hat bounty
Poly Network has confirmed that all its remaining stolen assets on Ethereum, worth around US$269 million, barring US$33 million worth of Tether that was frozen post-attack, have been returned to a multi-signature wallet controlled by itself and the hacker. Fast facts The hacker had returned more than 50% of the assets stolen on the Polygon…