Big Three credit rating agency Moody’s has downgraded numerous regional banks in the United States due to weak earnings last quarter and sizable unrealized losses, according to the firm’s Monday note. Meanwhile, banking giants including Bank of New York Mellon (BK.N), US Bancorp (USB.N), State Street (STT.N) and Truist Financial (TFC.N) have been placed on...Read More
Stablecoin issuer Circle is a US-based company, and 70% of its USDC adoption originates from non-US regions. According to the estimations of Circle CEO Jeremy Allaire, some of the fastest growing areas are emerging and developing markets, which are not in the country that has been facing severe regulatory uncertainty. Not Fixated on US Allaire...Read More
Cypher Protocol, a Solana-based futures DEX, has been forced to pause its smart contract in the wake of an exploit that resulted in a loss of more than $1 million. The Why Late last night, Cypher’s devs announced that they had suffered a “security incident”, resulting in the need to pause their smart contract until...Read More
Litecoin’s much-anticipated halving event on Aug 2 has resulted in a 15% price correction from $94 toward the $80 territory. Such a sharp movement has raised eyebrows and sparked intense discussions among crypto traders. However, there’s a hope of bullish momentum as the LTC price ceased its downward trajectory and pivoted upwards from its low....Read More
[Press Release – Hong Kong, Hong Kong, August 8th, 2023] Mahjong Meta, the web3 Riichi Mahjong esports platform, is excited to announce the official launch of its highly anticipated game on August 7th. After a successful two-month Open Beta test that captured the hearts of mahjong enthusiasts, the platform is set to revolutionize the mahjong...Read More
Pro-XRP lawyer John Deaton has said he’s willing to wager on the outcome of the U.S. Securities and Exchange Commission’s appeal against a recent ruling that determined Ripple’s XRP token is not a security under certain circumstances. Deaton, the founder, and host of CryptoLaw, remarked in a post on X (formerly Twitter) while supporting the...Read More
[Press Release – SEATTLE, WASHINGTON, August 8th, 2023] Peer Inc. today announced the launch of a breakthrough social app which the company describes as the ultimate global launchpad for next-generation digital experiences. The Peer app, now available for iOS, is built on a proprietary ecosystem that promises to offer new ways to create, interact and...Read More
Bitcoin derivatives are all about predicting future prices, and this generally needs prices to actually move in one direction or the other. The recent market lethargy and weeks of stagnation have led to decreased activity on derivatives markers, according to Glassnode. “Bitcoin prices are infamously volatile, however the market is currently experiencing an extreme volatility...Read More
South Korean prosecutors investigating the collapse of Terra-Luna are looking to submit the recent U.S. ruling on Ripple cryptocurrency to a Seoul court to prove Luna is financial security, according to a spokesperson for the prosecutor’s office. The prosecutors plan to use the ruling to demonstrate that Terraform Labs’ Luna cryptocurrency constitutes an unregistered offering...Read More
Cyber Connect (CYBER), one of Web3’s biggest decentralized social networks, is coming to BitMEX, via our new Tether-margined linear futures listing – CYBERUSDTQ23. From 10 August 2023 08:00 UTC, traders on BitMEX can get exposure to CYBER via our new futures contract, and with up to 20x leverage.CYBERUSDTQ23 will be available here for trading, or...Read More
The hackers behind the recent exploit of several pools on the decentralized exchange Curve Finance have returned approximately 73% of the stolen crypto assets, accounting for about $52.3 million. Blockchain security firm PeckShield revealed Monday that Curve Finance lost $73.5 million in the hack. With the amount recovered so far, the exchange is looking to...Read More
