SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World

Crypto & Web3

LatestTopDiscussed
0
Crypto & Web3CoinDesk ·

BONK DAO Hit by $20M Treasury Drain After Attacker Exploits Governance Vote

A malicious actor targeted the BONK memecoin community by purchasing enough tokens to gain majority control in a governance vote. The attacker spent approximately $4 million acquiring these tokens to push through a fraudulent proposal. The proposal, once passed, authorized the transfer of the group's treasury holdings to a wallet under the attacker's control. The attacker then began liquidating the stolen funds, putting roughly $20 million in treasury assets at risk.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

XRP Struggles to Break Above $1.14 Amid Weak Trading Volume

XRP has been facing difficulty sustaining a breakout attempt as trading volume remains notably subdued. Buyers managed to hold the session lows and nudge the price back toward a key resistance zone. However, the lack of strong volume has prevented a convincing move above the $1.13–$1.14 range. Traders are currently waiting for clearer confirmation before committing to a directional move.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitcoin retreats from $64,400 peak despite remaining 6% higher on the week

Bitcoin briefly touched $64,400 overnight before pulling back, though it remains approximately 6% higher over the past week. The retreat came despite Strategy completing a $213 million Bitcoin purchase. Geopolitical tensions rose after a missile strike hit a Qatari gas vessel in the Strait of Hormuz, pushing oil prices higher. The incident raised doubts about the durability of a late-June peace agreement in the region. Asian technology stocks also sold off amid the broader market uncertainty.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

White House Still Deciding Structure of U.S. Bitcoin Reserve Fund

The White House has confirmed that plans for a U.S. federal bitcoin reserve remain under active development. Officials say they are still assessing the most appropriate structure for the fund, which is intended to hold bitcoin as a long-term strategic asset. A separate stockpile for other cryptocurrency assets is also being considered alongside the bitcoin reserve. Federal agencies are reportedly working together to hash out the details of both initiatives.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

USDC Overtakes Tether in Stablecoin Volume as Visa Data Shows 63% Monthly Surge

New data from Visa reveals that Circle's USDC stablecoin is pulling ahead of Tether in overall trading volume. The figures show a sharp 63% spike in stablecoin transaction volume within a single month. This growth is being driven in part by increasing adoption of digital currencies among Wall Street banks seeking faster settlement processes. The trend signals a notable shift in the competitive dynamics of the stablecoin market, with USDC gaining significant ground on the long-dominant Tether.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Ethereum Researchers Back Buterin's Lean Vision, Press for Faster Delivery

Ethereum developers have broadly endorsed the 'Lean Ethereum' roadmap, a long-term vision associated with co-founder Vitalik Buterin. The strawmap, which outlines the network's future direction, was updated earlier this week. While researchers largely agree on what needs to be built, many have raised concerns about the pace of execution. Several contributors argue that the primary challenge facing Ethereum is not the strategic direction itself, but how quickly the outlined changes can be implemented.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Securitize Plans Strategic Acquisitions After NYSE Debut With $400M in Reserve

Securitize, a blockchain-based asset tokenization firm, has gone public on the New York Stock Exchange. CEO Carlos Domingo revealed the company has a $400 million war chest earmarked for growth. Rather than acquiring direct competitors, Domingo said the focus will be on expanding its institutional tokenization platform. The firm aims to use the capital to strengthen its position in the growing digital asset infrastructure space.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

TeraWulf signs 20-year, $19B AI data-center lease with Anthropic in Kentucky

Bitcoin miner TeraWulf has secured a 20-year lease agreement with AI company Anthropic valued at $19 billion. The deal will see Anthropic hosted at TeraWulf's Kentucky campus. The agreement marks a significant strategic pivot for TeraWulf, which was previously focused solely on bitcoin mining. The company joins a growing list of crypto-adjacent firms shifting toward artificial intelligence infrastructure, drawn by its more stable and predictable revenue streams.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Summer.fi suspends Lazy Summer vaults after $6 million DeFi exploit

Decentralized finance protocol Summer.fi has halted its Lazy Summer vaults following a security exploit that resulted in approximately $6 million in losses. The incident prompted the team to suspend the affected vaults as a precautionary measure while the situation is investigated. Following news of the breach, the protocol's native SUMR token dropped by more than 18% in value. The exploit has raised fresh concerns about security vulnerabilities within DeFi platforms and their automated vault products.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Cantor: Strategy's revival depends on restoring preferred shares to $100

Cantor has identified the recovery of Strategy's preferred shares to their $100 par value as critical to reviving the company's capital-raising operations. The bank noted that restoring the STRC preferred shares to par is essential for restarting Strategy's broader financial engine. Cantor expects repeated management interventions to play a key role in supporting this recovery. Both preferred and common shareholders are anticipated to benefit from these management actions going forward.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitmine Expands Ether Treasury by $74M as Clarity Act Optimism Grows

Bitmine has added $74 million worth of ether to its holdings, reinforcing its position as the second-largest digital asset treasury. The purchase signals an accelerated buying pace for the company. Investor Tom Lee has expressed optimism that the Clarity Act could provide a regulatory boost to the crypto sector. Meanwhile, Strategy moved in the opposite direction, selling a portion of its bitcoin holdings.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Sberbank to launch crypto wallet after Russia's digital currency law takes effect

Russia's largest bank, Sberbank, is planning to introduce cryptocurrency wallet services for its customers. The wallets will be integrated into its existing platforms, Sberbank Online and SberInvestments. The move is contingent on the enactment of Russia's 'On Digital Currency and Digital Rights' bill, which is expected to take effect in September. The development signals a broader regulatory clearing of the path for crypto services in the Russian market.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

SpaceX Joins Nasdaq 100 Amid Warnings of Post-Inclusion Volatility

SpaceX is set to join the Nasdaq 100 in what marks the largest IPO-related index inclusion in history. The milestone is being met with cautious sentiment from market observers who point to patterns seen with recent additions. Companies like Palantir and Strategy both experienced notable price volatility after being added to the index, rather than sustained upward momentum. Analysts warn that index inclusion does not necessarily signal the beginning of a new rally for a stock. The historical precedent suggests investors should temper expectations following SpaceX's entry into the benchmark index.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitcoin stabilizes at $62,800 as altcoin optimism hits three-month high

Bitcoin has recovered to around $62,800 after briefly falling close to $58,000 last week. The broader crypto market is showing renewed confidence, with the Altcoin Season indicator reaching its highest level in three months. Token LIT stood out among altcoins, surging approximately 50% amid the positive sentiment. While some areas of the market remain weak, the overall trend signals a cautious return of investor appetite for riskier digital assets.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Bitcoin's Sharpe Ratio Hits Lowest Level Since 2022

Bitcoin's Sharpe Ratio has dropped to its lowest point since 2022, signaling weakening risk-adjusted returns for investors. The Sharpe Ratio measures how much return an asset generates relative to the risk taken. When the reading turns negative, it indicates that investors would have fared better holding risk-free assets such as 10-year U.S. Treasury bonds. This decline reflects growing concerns about Bitcoin's recent performance compared to safer investment alternatives.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Ripple Achieves Full MiCA Compliance After Luxembourg License Upgrade

Ripple has received a full crypto asset provider license in Luxembourg, upgrading its preliminary status to complete regulatory compliance. The approval was granted under the European Union's Markets in Crypto-Assets (MiCA) framework. With this license, Ripple is now authorized to operate across all 30 European Economic Area countries. The upgrade enables Ripple to offer payment services to financial institutions, corporates, and businesses throughout the EEA.

0 comments Read more at CoinDesk
0
Crypto & Web3CoinDesk ·

Coinbase AI posts World Cup result before match kicks off, sparks backlash

Coinbase faced public criticism after its AI tool published the result of a World Cup match before the game had even begun. The premature and inaccurate post raised concerns about the reliability of AI-generated content on the platform. CEO Brian Armstrong personally looked into the incident following the backlash. The company has since made updates to its AI systems aimed at preventing similar errors from occurring in the future.

0 comments Read more at CoinDesk
← NewerPage 82 of 91Older →