- Former FTX CEO Sam Bankman-Fried sentenced to 25 years in jail. SBF was mandated to pay $11 billion in reparations. Customers will receive up to $8 billion of that, investors $1.7 billion, and lenders $1.3 billion.
- Google allows ssers to look up wallet balances on Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom blockchains. When entering wallet addresses, the search results show the amount of tokens left in each network’s wallet and date and time the balance was last updated.
- Amid growing ambiguity around the regulator’s potential approval timeline for the novel financial instrument, Bitwise submitted an application for a spot ether ETF to the Securities and Exchange Commission.
- Prior to the release of its token, Glif established its points program. 75 million program points will be distributed via the Filecoin liquid leasing technology. Glif intends to convert points to its native token at a 1:1 ratio.
- Immunefi claims that fraud and cyberattacks cost the cryptocurrency industry $336 million in Q1 of this year. The two most popular exploits, Orbit Bridge and Munchables, accounted for 43% of the total losses, however Munchables’ money was eventually recovered.
- Prisma Finance, a liquid staking protocol has been exploited for $9 million. Wrapped stETH and Prisma mkUSD are among the pilfered funds.
- Circle adds zkSync ecosystem support for its USDC stablecoin. The present liquidity from the bridged USDC, which was originated from Ethereum and moved to zkSync via the zkSync Era Bridge, will eventually shift to the new native format once native support is implemented.
- Hut 8 Corp, a cryptocurrency miner, has released a report detailing its performance during the previous half-year. Hut 8’s revenue for the six months ended December 31, 2023, climbed to $60.6 million.
- Analysts from Nansen discovered that Kucoin had outflows of $109 million from several EVM-compatible chains and withdrawals of $99 million in Ethereum-based assets following the Department of Justice’s (DOJ) legal action against the company and its founders.
- Reaching one million validators is a major accomplishment for the Ethereum network, which now has 32 million ETH staked, or almost $114 billion at current market values.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
