The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Huobi founder looking to sell shares amid company downsizing
Huobi's founder Leon Li is reportedly looking to sell his stakes at Huobi as the exchange faces difficulties from banning China users.
FTX gives BlockFi $400M credit facility; has option to buy company for up to $240 million
BlockFi has confirmed it has given FTX the option to purchase the business for up to $240 million
Tether reducing commercial paper holdings down to $3.5 billion by end-July
The stablecoin issuer is making good on its promise to reduce its commercial paper holdings and have more of its reserves held in US Treasuries.
Stablecoins put on notice as EU lawmakers agree on landmark MiCA framework
Although MiCA will bring much needed regulatory clarity, crypto firms will face stricter rules under the new framework.
Bitcoin experiences worst month in history as over $400B is wiped off crypto market in June
Crypto stakeholders are blaming the Fed's increase in interest rates for the crash of the crypto market.
President Bukele says ‘thank you for selling cheap,’ as El Salvador buys more Bitcoin
El Salvador buys another 80 Bitcoin, but total losses still come in at the tens of millions of dollars.
Following the acquisition of Gem and Genie, NFTGo.io, a prominent NFT data aggregator, rises to the top
NFTGo.io is an NFT data analytics and trading aggregator platform that provides users with a variety of powerful analytics tools and utilities.
US DOJ indicts 6 individuals over crypto fraud schemes that generated over $135 million
The accused and his conspirators allegedly decided to rug pull the project and disappear with the money by laundering the crypto assets.
Optimism NFT marketplace Quixotic suffers exploit following contract update
The Quixotic attacker was able to hack the offer feature to drain more than $100,000 in Optimism and USDC.
BnkToTheFuture proposes 3 methods to solve Celsius Network’s liquidity issues
Simon Dixon had earlier mentioned that a traditional solution might not be the solution for Celsius, advising the firm to explore other options.
DeFi insurance is coming to Solana to protect users against exploits
CryptoSlate caught up with Rupert from Amulet Protocol, the first DeFi Insurance platform on Solana. He shared some of the ways Amulet will protect users in this video interview
What’s next for Bitcoin as market sentiment sours?
Recent market volatility pushed Bitcoin below $20,000, marking the first time in its history it had sunk lower than the previous cycle peak.
Biden administration official hints at stablecoin legislation that could come into force this year
According to the official, the President's Working Group on Financial Markets are actively exploring the space and looking to have the law come into force by the end of this year
How Celsius, 3AC misjudged risk and is DeFi’s future in interest rate swaps?
Risk management is a core component of financial services businesses. However, both 3AC and Celsius appear to have misjudged market risks by a wide margin. Voltz CEO Simon Jones speaks to how this came about
CFTC charges Mirror Trading International with alleged fraud of $1.7 billion worth of Bitcoin
The Commodity Futures Trading Commission filed fraud charges against Mirror Trading International for allegedly defrauding users of $1.7 billion worth of Bitcoin.