DeFi
Legal
Elon Musk facing $258B lawsuit for promoting Dogecoin ‘pyramid scheme’
The lawsuit alleges that Elon Musk and his companies were involved in a "crypto pyramid scheme" related to the popular dog-themed cryptocurrency Dogecoin.
Stablecoins
USDC Issuer Circle is launching Euro Coin (EUROC), a new Euro-backed stablecoin
USDC Issuer Circle has introduced Euro Coin, a new stablecoin that will be pegged to the euro and backed by euro-denominated reserves held by U.S.-regulated financial institutions.
Rumors
Terra Founder Do Kwon allegedly voted on his own proposal using one of his secret wallets
Another investigation has been launched into allegations that the CEO of Terraform Labs manipulated the voting on some proposals by using a secret wallet.
Exchanges
Binance has resumed Bitcoin withdrawals after a temporary halt due to a “stuck transaction”
After being halted for three hours due to a stuck transaction that caused a backlog in the withdrawal system, users can once again withdraw bitcoin from the Binance exchange.
Stablecoins
Tether has announced that it will launch USDT on the Tezos network
The popular stablecoin Tether has announced that they will be launching on the Tezos blockchain.
Investments
Terra confirms that some users received less LUNA than expected from the airdrop and is working on a solution
Terra has confirmed that some holders have received a lower amount of LUNA from the Luna 2.0 airdrop than intended, and the company is working on a solution.
Adoption
The Bitcoin Lightning Network capacity has set an all-time high of 3,915 BTC
The Lightning Network reached a capacity of 3,915 BTC ($113 Million), a new all-time high for the Bitcoin Layer 2 network.
Analysis
Nansen Report shows that UST lost its peg due to the work of multiple large entities
An analytical report by Nansen showed that multiple wallets exploited vulnerabilities in the Terra ecosystem which lead to the collapse of the UST stablecoin and its collateral token LUNA.
Scams
$1.5 Million worth of Moonbirds NFTs are stolen by hackers in a phishing attack
29 Moonbirds NFTs worth $1.5 million were stolen by hackers who used phishing links to trick a user into signing a malicious transaction.
Adoption
Meta trademarks for “Meta Pay” hint at plans for a crypto payments platform
Meta (Facebook) has filed trademark applications for 'Meta Pay', indicating plans to launch a payment platform with crypto support
Adoption
President Nayib Bukele announces that 44 countries will meet in El Salvador to discuss Bitcoin
The President of El Salvador announced that he would be meeting with representatatives from 44 different countries to discuss Bitcoin, financial inclusion, digital economy and banking the unbanked.
Adoption
El Salvador buys the dip – picks up 500 BTC worth roughly $15.5M for reserves
El Salvador's President announced that the country has bought over $15.5 million worth of BTC during the recent downturn