Bitcoin briefly crashed below $74,000 on Sunday as Iran threatened retaliation for a US military seizure of an Iranian cargo ship. Read More at https://cointelegraph.com/news/bitcoin-erases-weekend-gains-us-iran-ceasefire-falls-under-pressure?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Category Archives: Uncategorized
Aave’s TVL tanks $8B a day after $293M Kelp DAO hack
The Aave token fell nearly 20% to $89.5 in just over 24 hours as users withdrew billions of dollars from the lending protocol. Read More at https://cointelegraph.com/news/aave-tvl-falls-8-billion-after-kelp-dao-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Stablecoins not a threat to banks in the near-term: Moody’s analyst
A prohibition on yield-bearing stablecoins and robust payments infrastructure in the US means stablecoins will not eat into banks’ market share. Read More at https://cointelegraph.com/news/stablecoins-not-a-threat-to-banking-sector-in-the-near-term-moody-s?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
2024 BTC cycle ‘dramatically’ underperforming previous halvings: Analyst
Volatility and upside have been declining with each Bitcoin halving cycle, but the new dynamics may not be permanent, according to Galaxy’s Alex Thorn. Read More at https://cointelegraph.com/news/bitcoin-cycle-dramatically-underperform-halving?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Kelp exploit highlights problem with non-isolated DeFi lending: Crypto execs
The contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the founder of Curve Finance. Read More at https://cointelegraph.com/news/kelp-exploit-non-isolated-defi-lending?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin price drops to $75K as new Hormuz closure puts focus on oil
Bitcoin foreshadows fresh market mayhem as it appears that the US-Iran war has returned, including the closure of the Strait of Hormuz oil route. Read More at https://cointelegraph.com/news/bitcoin-price-drops-75k-new-hormuz-closure-focus-oil?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Aluminum giant Alcoa to sell dormant smelter to Bitcoin miner NYDIG: Report
Alcoa is nearing a deal to sell its idle Massena East smelter to NYDIG as US industrial sites increasingly shift toward Bitcoin mining and AI data centers. Read More at https://cointelegraph.com/news/alcoa-sells-massena-smelter-nydig-bitcoin-mining-ai-data-centers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
RaveDAO denies manipulation as Binance, Bitget probe RAVE trading activity
RaveDAO denies involvement in RAVE token price surge and crash as Binance and Bitget launch investigations into suspected market manipulation. Read More at https://cointelegraph.com/news/ravedao-denies-manipulation-binance-bitget-probe-rave-trading?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Charles Schwab, Citadel Securities weigh entering prediction markets
Charles Schwab and Citadel Securities executives have separately aired interest in prediction markets, but each is looking to steer clear of sports offerings. Read More at https://cointelegraph.com/news/charles-schwab-citadel-securities-weighing-prediction-markets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Caitlyn Jenner escapes memecoin lawsuit as judge says token not a security
A federal judge has tossed a class lawsuit over Caitlyn Jenner’s memecoin, saying it did not plausibly allege that the token was an unregistered security. Read More at https://cointelegraph.com/news/caitlyn-jenner-escapes-memecoin-lawsuit-judge-says-token-not-security?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound