Industry
Do Kwon's $176m assets frozen: report
On May 10, local news outlet Hankyung reported that more than 233.3 billion won ($176 million) of personal assets had been frozen by Terraform Labs co-founder and former CEO Do Kwon as part of an ongoing criminal proceeding.Herman HayesArbitrum's DAO will earn over 3,350 ETH from transaction fees
Ethereum Layer 2 Blockchain Arbitrum Will Distribute Ether, The project, announced on Twitter on May 9, is worth nearly $6.2 million for its decentralized autonomous organization (DAO). ARB holders must claim rewards.Seth RowdenDBS sees Bitcoin trade up 80% due to 2022 crypto crash, exec says
Singaporean megabank DBS is one of the few companies in the world to benefit from a massive cryptocurrency industry collapse in 2022.Herman HayesAI and chips: Wendy's trials chatbot drive-thru operator
An artificial intelligence chatbot called "Wendy's FreshAI" will take orders from Wendy's drive-thru customers after the fast food chain partnered with Google Cloud to create the bot.Herman HayesOKX Takes Subtle Assault on Coinbase in New Ad Campaign
Cryptocurrency exchange OKX appears to have called out rival exchange Coinbase in a new global ad campaign, arguing that “the system doesn't need to be updated; it needs to be rewritten.”Herman HayesMarathon Digital Announces Immersive Cryptocurrency Mining Operation in Abu Dhabi
Marathon Digital Announces Immersive Cryptocurrency Mining Operation in Abu DhabiHerman HayesBRC-20 Token Market Cap Surpasses $1 Billion as Wallet Providers Prepare to Consolidate
On May 9, the BRC-20 bitcoin token total market capitalization exceeded $1 billion, with a total trading volume of $207.7 million over the past 24 hours.Herman HayesOKX just sent $60 million worth of USDT and MASK tokens to Alameda Research
On May 9, crypto exchange OKX sent roughly $60 million worth of digital assets to wallets linked to failed hedge fund Alameda Research, according to data from crypto analytics platform Arkham Intelligence.Seth RowdenPayPal's crypto holdings up 56% to nearly $1 billion in Q1 2023
Fintech firm PayPal recently disclosed its cryptocurrency holdings in its quarterly report to the US Securities and Exchange Commission.Herman HayesBitcoin Priced at $700 Premium on Binance .US Cryptocurrency Exchange
Global cryptocurrency exchange Binance recovers from several pauses for Bitcoin, Its US arm, Binance.US, sells BTC at a premium.Herman HayesSpotify reportedly removed thousands of AI-generated songs
The battle between the music industry and AI continues, with reports that Spotify is outlawing AI-generated music.Herman HayesUnjust enrichment' - Core Scientific dismisses Celsius' $4.7 million claim
Bankrupt Bitcoin, Mining firm Core Scientific has objected to paying a $4.7 million administrative claim brought by crypto lender Celsius Network, leading to a dispute between the companies over contractual obligations.Seth RowdenRFK Jr. lays out stance on CBDCs and cryptocurrencies: 'It's not just criminals who want privacy'
Robert F. Kennedy Jr., challenging US President Joe Biden for the Democratic nomination in the 2024 presidential election, has once again shared more of his thoughts on cryptocurrencies on Twitter.Seth RowdenAave v3 Launches on Ethereum Layer 2 Network Metis
Decentralized liquidity protocol Aave has been deployed on Metis, an Ethereum layer 2 scaling platform, bringing a host of decentralized finance (DeFi) features and products to its ecosystem.Herman HayesYou can now create a shitcoin in less than 23 seconds
As memecoins have captured the attention of the broader cryptocurrency industry in recent weeks, a viral video has emerged detailing how easy it is for anyone with an internet connection to create an entirely new cryptocurrency from scratch.Seth RowdenDEUS Finance Loses $6M After Stablecoin Hack
Decentralized finance (DeFi) protocol Deus Finance has lost more than $6 million due to a security breach in its stablecoin DEI. According to blockchain security firm PeckShield, hackers exploited a vulnerability in the BNB Smart Chain (BSC) on May 5.Herman HayesBinance listing pushes PEPE memecoin past $1 billion
Three weeks after its launch on April 14, 2023, the frog-themed memecoin Pepe (PEPE) has soared more than 85% in the past 24 hours, taking its market cap above $1 billion. Ironically, PEPE's core value proposition is no.Seth RowdenBlockchain security firm freezes $160K stolen in Merlin DEX 'rug pull'
Smart contract auditor CertiK claims to have blocked $160,000 from Merlin, a zkSync-based decentralized exchange that has been at the center of a rogue insider “rugpull” that cost users $1.8 million last week.Seth RowdenFears of banking crisis hit highest level since 2008
Public opinion of banks appears to be weakening, according to an April survey, as the industry struggles to contain the failure of several high-profile financial institutions in recent months.Seth RowdenMakerDAO Launches Spark Protocol, a New DeFi Lending Solution for DAI Users
MakerDao, A Decentralized Autonomous Organization that runs on the ethereum blockchain and aboutcoin dai, Announded the launch of the space propoc OL, a lending solution for daiinsSeth Rowden
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- 5CZ: compared with the record high nine months ago, the current situation of the industry is much better
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