Trading
DeFi
Munchables recovers $62.5 million in user funds after exploit linked to North Korean hacker
The gaming platform had unknowingly hired a North Korean hacker as one of its core developers.
Featured
US Senate candidate John Deaton demands SEC Gary Gensler’s resignation over political bias
John Deaton argued that the Ripple case and investor losses spotlight SEC’s missteps under Gensler.
Exchanges
Ethereum tokens lead KuCoin’s $500 million withdrawal spike post US charges
KuCoin CEO Johnny Lyu reassures the exchange users that the platform continues to operate normally.
Crypto
Bitcoin ETFs could see significant growth in Hong Kong due to in-kind creation model – analysts
Analysts believe the in-kind creation model will give Hong Kong-based Bitcoin ETFs a significant edge for their US counterparts.
Technology
OrdinalsBot secures $3 million seed funding to turbocharge Bitcoin inscriptions ecosystem
The funding would be used to expand Bitcoin's capabilities with inscriptions and BRC-20 tokens.
Legal
SEC reveals why Ripple should be fined for $2 billion
Ripple executives had previously criticized the SEC's proposed fine for being excessive.
Crypto
Grayscale executive sees path to Ethereum ETF approval despite SEC silence
Grayscale's CLO noted that issues resolved during Bitcoin ETF approval process is applicable to Ethereum ETFs.
Legal
DeFi Education Fund files lawsuit to exempt airdrops from SEC’s securities classification
The lawsuit also argued that the SEC was in violation of the Administrative Procedure Act (APA) with its regulation-by-enforcement approach.
Technology
Canary network testing proposed after AMM launch issues on Ripple’s XRP Ledger
RippleX addresses technical glitches in the newly launched XRP Ledger automated market maker pools.
Crypto
Last week’s market correction spurred $942 million outflow from investment products
The broader crypto market dip also resulted in a substantial $10 billion drop in crypto investments AUM .
Exchanges
Binance ends Tron USDC support as it faces blockade in the Philippines
Regulatory pressures mount as Binance phases out Tron network's USDC for users.
DAOs
Arbitrum community argues for memecoins over DeFi in $3.3 million DAO fund proposal
Arbitrum DAO is weighing a proposal that could see the network make a huge investment in the memecoin sector.
