Neat rows of Chinese banknotes sit behind glass in the center of the National Security Gallery inside the Hong Kong History Museum, alongside model fighter jets, attack helicopters and vials of rare earth metals. Featuring instruments of war and commerce, the exhibition highlights a central idea: the internationalization of its currency, the renminbi, is considered […]
War and sanctions accelerate China’s monetary surge Read More »
The US Department of Justice has arrested an Army master sergeant, accused of betting on Nicolas Maduro’s raid before participating in the operation to arrest the former Venezuelan leader. The DOJ on Thursday unsealed an indictment charging Gannon Ken Van Dyke with illegal use of confidential government information for personal gain, theft of nonpublic government
Digital asset investment firm Pantera Capital is urging London-listed Satsuma Technology (SATS) to liquidate its remaining bitcoin. BTC$78,034.12 assets and return cash to shareholders, marking a watershed moment for a strategy that once sparked strong investor enthusiasm, Bloomberg reported Thursday. Pantera’s DAT Opportunity Fund, which owns about 6.7% of the company, is among those pushing
Pantera wants Satsuma (SATS) to ditch its bitcoin as shares collapse 99% Read More »
Aave and several major crypto companies are coordinating a turnaround effort to stabilize decentralized finance (DeFi) markets after a $292 million exploit left the industry’s largest lender struggling with a large hole in collateral. The initiative, dubbed “DeFi United” and led by service providers Aave, aims to restore support for rsETH, a yield-bearing ether (ETH)
Aave leads DeFi bailout after $292M crypto exploit Read More »
A coalition of U.S. crypto companies and trade groups has called on the Senate Banking Committee to conduct a review of the Clarity Act, a bill that would create a federal framework for crypto markets. In a letter to Chairman Tim Scott, Subcommittee Chairwoman Elizabeth Warren, Cynthia Lummis, and Ranking Member Ruben Gallego, the group
More than 100 crypto companies urge Senate to act on markup of market structure bill Read More »
Web3 games spent up to $15 billion chasing a token-driven future that players never bought into. Data from Caladan, a market-making and trading firm, shows that around 93% of so-called GameFi projects are now effectively dead, with token values down around 95% from their 2022 highs and studio funding collapsing by 93% by 2025. Investors
The Arbitrum Security Council moved quickly this week to contain the fallout from the KelpDAO exploit, touting the emergency “freeze” of more than 30,000 ETH tied to the attacker as a victory for user protection. But under the language of containment, the intervention reopened one of crypto’s oldest and most uncomfortable debates: what decentralization actually
XRP briefly rose on Wednesday, but that trend did not hold as bitcoin fell on profit-taking after hitting nearly $80,000 on Thursday morning in Asia. Sellers entered near-resistance and pushed prices lower, suggesting the market still lacks the conviction to break out, especially as broader crypto sees profit-taking led by Bitcoin. News context • GraniteShares
Ripple-Linked Token Slips Amid Bitcoin Profit-taking, ETF Lag Read More »
Cryptocurrency exchanges are increasingly offering bank-like services, such as loans and yield products, but without the protection that traditional financial institutions offer, according to a report released Thursday by the Bank for International Settlements (BIS). “What looks like a high-yield savings product is actually an unsecured loan to a lightly regulated shadow bank,” said the
Until last Friday, April 17, stablecoin lending to Aave, widely considered the gold standard of DeFi, yielded 2.32% APY. The Federal Reserve’s overnight rate was 3.64%. Taken at face value, the market valued an unregulated open source smart contract as having a lower credit risk than the U.S. Treasury. In 48 hours, it’s over. The
The market revalued DeFi in just 48 hours Read More »
