NFTs
Banking
Russia-based Sberbank to launch DeFi platform on Ethereum
Sberbank executive Konstantin Klimenko said that the bank's DeFi platform will be open for commerical operations at the end of April.
Hacks
Orion protocol suffers $3M hack due to third-party vulnerabilities
CEO Alexey Koloskov claimed that the stolen funds were from Orion's Treasury, adding that all users' funds are safe.
Stablecoins
Terra USTC surges 66% following approval to re-peg to $1
The Terra Classic community has passed a proposal to relink LUNA Classic and the de-pegged USTC stablecoin.
Exchanges
Binance acquires S. Korea-based GOPAX exchange
The funding for the GOPAX acquisition was made from the $1 billion Industry Recover Initiative — a co-investment project led by Binance.
Technology
Damus mobile app banned in China
The Cyberspace Administration of China (CAC) claimed that the Damus app includes content that is illegal in China.
Opinion
Charlie Munger calls on US to join China in banning crypto
The Berkshire Hathaway vice president compared cryptocurrencies to gambling contracts with a nearly 100% edge for the house.
Price Watch
Render token up 17% after DAO approves burn & mint mechanism
RNDR has experienced a sustained uptrend, recording over 82% increase in the last 7 days and a whopping 302% over 30 days.
Exchanges
South Korean authority arrests Bithumb owner on $50M embezzlement charges
Investigations revealed that Kang Jong-hyun is the brother of Kang Ji-yeon who is the head of Inbiogen-an affiliate that holds about 34.2% stake in Bithumb.
DEX
OracleSwap suspends FTSO operation after private keys compromised
Flaremetrics has urged delegates on OracleSwap to revoke access and change to other FTSO providers after the validator's private keys were compromised.
DeFi
Solana-based Friktion urges users to withdraw funds as it halts front-end operations
Friktion said it has disabled its frontend interface to prevent users from initiating new deposits.
Exchanges
Binance, Bank to the Future among secret bidders of Celsius assets – Tiffany Fong
Bank to the Future CEO Simon Dixon has confirmed that his company submitted a bidding proposal for Celsius assets.
Legal
Argo Blockchain hit with class action lawsuit over IPO misinformation
Argo Blockchain is accused of failing to disclose that its business was highly susceptible to electricity costs and network difficulties.