Crypto wallet loses $27 million in stablecoins in apparent hack: ZachXBT
A crypto wallet tied to Binance has lost $27 million in an apparent attack, according to crypto sleuth ZachXBT. The alleged attack occurred yesterday, draining the wallet of $27 million in Tether stablecoins (USDT).
Andreessen Horowitz Plans to Launch a $3.4B Fund, Axios Says
Fundraising will launch near year-end, with the aim to hold final closes in the first half of 2024, the report said, citing sources familiar with the plans. The Silicon Valley giant will ask, but not require, “limited partners to invest via a new master vehicle that would feed into sub-funds (including some of its sector-specific […]
Bitcoin Facts: Analyzing the United Nations’ Report
The United Nations (UN) recently released a new report about Bitcoin in which they claim their research reveals a “staggering carbon, water and land footprints of the global Bitcoin mining network”. The full report and key findings can be found here. While most provided findings were negative, there were some positive points. Let’s go over the […]
Polygon L2 Proposal Roils ApeCoin Community
Polygon offers to build ApeCoin Layer 2 for $200,000 per year
IMF says UK faces five more years of high interest rates
The International Monetary Fund expects the UK to have the highest inflation and slowest growth next year of any G7 economy including the US, France, Germany, Canada, Italy and Japan.
Stablecoin Market Cap Hits 18 Months of Decline–But All Is Not Lost
Stymied by stronger treasury yields and U.S. regulatory pressure, stablecoins are down but not dead.
Nansen CEO Shares Six Narratives for Next Crypto Run
Fintech/crypto, betting, gambling, RWAs: Trends you should not miss
Are Developers Leaving Crypto? Here’s What’s Going On
If you look at open source crypto projects, active developers are at a 3-year low. But that’s not necessarily bad, says a16z.
Cardano (ADA) Remains in Consolidation Phase: Is a Price Breakout Imminent?
Like many other Layer-1 tokens, Cardano (ADA) price scored sizable gains on Monday as bullish sentiment returned to the crypto markets. On-chain data analysis examines if the ADA bulls have enough in the tank to propel ADA out of its month-long consolidation phase below the $0.30 territory.
Tellor (TRB) Bounces Back With 50% Gains in 2 Days – Can Price Reclaim $50 Next?
Tellor (TRB) price bounced back to reclaim the $40 territory on Wednesday, September 20, after a major retracement at the weekend. An intricate combination of on-chain and derivatives market indicators provides insights into the possibility of TRB price reclaiming the $50.