Market
Layer-2
Layer-2 network Blast becomes third-largest holder of staked Ethereum amid pyramid scheme allegations
The total value of assets locked on the layer 2 network has surpassed $335 million.
Regulation
Singapore further tightens crypto regulations to protect retail investors from speculative risks
The regulator, however, noted that these new measures cannot insulate customers from losses associated with crypto.
Crypto
Bitcoin to fly past $40,000 in December despite Binance scandal, Matrixport predicts
Crypto platform Matrixport argued for a 90% chance that the current macro-environment continues to support crypto.
Exchanges
Kraken’s Powell criticizes SEC’s ‘convenience-based’ enforcement actions in crypto industry
Jesse Powell argued that the enforcement action against Binance made the industry fairer.
Hacks
KyberSwap hacker opens door for negotiations after $45 million exploit
Kyber Network was exploited earlier today but hopes of resolution appear as attacker messages developers.
Crypto
Imminent Bittrex Global closure triggers $10k Bitcoin premium on platform
Data from the exchange shows that its BTC/USD pair is trading for more than $44,000.
Exchanges
Coinbase champions regulatory compliance amid Binance woes – calls for clearer U.S. regulations
Coinbase CEO Brian Armstrong said Binance's regulatory woes vindicates his firm's approach.
Hacks
Justin Sun-linked Heco bridge and HTX exchange targeted in $100+ million crypto attack
This incident represents the third major compromise of a Justin Sun-linked platform recently.
Legal
Bankrupt Genesis alleges Gemini contributed to ‘run on the bank’ with $689M withdrawals
The two firms have been involved in an extensive legal battle during the past year.
Bankruptcy
Bankrupt Mt. Gox repayment plan seemingly set in motion nearly a decade after hack
Emails show claimants to begin receiving payments following postponed repayments plan due to legal issues and other reasons previously.
Analysis
Binance-induced market rout wipes more than $200M from crypto traders
Binance agreed to a $4 billion settlement with the U.S. authorities.
AI
Sam Altman to return as OpenAI CEO after dramatic board overhaul
OpenAI had been enmeshed in a leadership crisis over the past week.