Stablecoins
NEAR Protocol: Simple, scalable, secure
The tech first, marketing second L1 blockchain is looking to create an environment that will give developers the confidence to build useful products for users.
Investments
Almost a quarter of US investors used loans to buy crypto
A recent survey from DebtHammer showed that a significant portion of retail investors in the U.S. have been borrowing money and defaulting on their bills in order to buy cryptocurrencies.
Hacks
Crypto hacks are declining in numbers but increasing in damage
Research showed that the average dollar amount stolen in crypto hacks this years is more than double what it was in 2021.
Investments
Top 10 VC firms have ownership in 38% of all unicorns
Venture capital firms that have ownership in a large number of unicorns are pouring money into two sectors — internet services and fintech.
Regulation
Three Arrows Capital gets a slap on the wrist from Singapore financial watchdog
The Monetary Authority of Singapore (MAS) reprimanded Three Arrows Capital for providing false information and exceeding their AuM threshold.
Hacks
OpenSea experiences email data breach, warns users of phishing scams
OpenSea suffered a massive data breach after an employee of its email vendor downloaded and shared email addresses of its users.
Owen “Hasheur” Simonin: Big crypto players will shape regulation
One of the biggest crypto influencers in France talked about the crypto ecosystem in the country and why useful products and big players like Binance will shape regulation.
Mining
Compass Mining denies allegations of $1.2M unpaid electricity bill, CEO, CFO resign
Following accusations of losing a mining facility for failing to pay a $1.2 million electricity bill, Compass announced that both its CEO and CFO resigned.
Investments
Traditional hedge funds consider regulatory uncertainty biggest barrier to entry in crypto
PwC's research showed that clearer regulation and tax laws would push dozens of large, traditional hedge funds to invest in cryptocurrencies.
Technology
Cardano commences long-awaited Vasil hard fork
IO announced that the changes to the Cardano testnet will take effect on July 3, while the mainnet will go through the Vasil hard fork four weeks after that.
Adoption
SEC Chairman Gary Gensler calls Bitcoin a commodity
The Chairman of the SEC said that Bitcoin is the only cryptocurrency he was ready to call a commodity.
Analysis
Crypto hedge funds are bullish on Bitcoin and knee-deep in DeFi
PwC's research shows the number of crypto-focused hedge funds has risen to 300 despite the volatility in the market.