Market
Stablecoins
Tron DAO pulls 2.1B TRX from Binance to ‘safeguard crypto market’ as USDD depeg continues
Justin Sun and Tron DAO have made several efforts to help USDD regain its peg.
Hacks
Hackers can steal crypto keys on Intel, AMD CPUs via ‘Hertzbleed’ vulnerability
The researchers noted that the result of the research could be applied to all modern CPUs as the majority possess the Dynamic Voltage Frequency Scaling (DVFS).
Rumors
SEC writes crypto exchanges over insider trading
In a May interview, SEC chairman, Gary Gensler, had said that some crypto exchanges were providing services that could be against their customer’s interest.
Analysis
BitMEX founder Arthur Hayes highlights danger of further decline in Bitcoin, Ethereum prices
Hayes says only prayers can save the crypto market if the value of Bitcoin and Ethereum were to crash below a certain threshold.
Adoption
Cardano launches EVM side chain alpha
Developers will now be able to build Solidity-based applications on Cardano using the Ethereum Virtual Machine (EVM) sidechain.
Merge
Lido staking dominance could put Ethereum at risk
A researcher at Ethereum Foundation argued that Lido passing one-third of Ethereum staking is a centralization attack on PoS.
NFTs
Floor price of blue-chip NFTs tank as sales volume decline
Despite the falling prices of these NFTs, DappRadar believes the “NFT market is far from dead.”
Exchanges
Binance CEO says firm is ‘expanding hiring’ despite market crash
Several companies like Coinbase, Robinhood, and Gemini have been forced to cut staff and hiring due to the current bear market.
Regulation
South Korea’s top exchanges seek to prevent another Terra-like crash
The exchanges are proposing to create three different committees that will be saddled with compliance monitoring, market monitoring, and transaction support.
NFTs
Survey reveals most people buy NFTs ‘to make money’
Around 58% of NFT investors are yet to make a profit from the space despite the fact that most investors are in it for the money.
Investments
Grayscale CEO says pension funds are looking to add Bitcoin
Sonnenshein‘s statement is coming at a time when some 401(k) managers have announced their willingness to offer crypto investment options.
Hacks
Optimism hacker confirms they are whitehat, returns most of stolen funds
Optimism hacker started returning the stolen tokens in a batch of 1 million per transaction.