November 13, 2023

Aave V3 Markets Resume Operations Following Security Vulnerabilities

Aave V3 markets have been unpaused by the Community Guardian, signaling the resolution of the issues that prompted the temporary measures. The move follows the execution of a governance proposal voted on earlier. Additionally, Aave V2 Ethereum is anticipated to be unpaused tomorrow, a decision accelerated due to block times on voting and operational considerations....
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Former FTX Executives Are Teaming Up to Build a New Crypto Exchange: Report

One year after crypto exchange FTX collapsed, a group of ex-executives at the firm has teamed up to launch a new but similar platform, aiming to fix the issues that led to the company’s implosion. According to a report from the Wall Street Journal, former FTX general counsel Can Sun and ex-employees Armani Ferrante and...
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Core Scientific Plans To Exit Bankruptcy By Early January, New Filing Shows

Bitcoin mining firm Core Scientific filed a disclosure statement for its third-amended bankruptcy recovery plan on Monday, which incorporates key terms from its Restructuring Term Sheet filed in late October. The new filing features a concrete timeline for how the firm will gain support for the plan from key stakeholders and emerge from bankruptcy before...
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How This Bitcoin Veteran Lost Nearly $1 Million in BTC After A Decade Of HODLing

A longtime Bitcoin investor and his father discovered last week that they were robbed of ~25 BTC ($919,000) in September that the family had held in a personal wallet since 2012. The online Bitcoin community is now coming to their aid, with the victim proposing a 23 BTC bounty to anyone who can recover the...
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Digital Asset Investments Hit $1.14 Billion YTD: CoinShares

Digital asset investment products saw inflows amounting to $293 million over the past week. This extended a seven-week streak of inflows surpassing the $1 billion milestone. Year-to-date inflows now stand at $1.14 billion, marking the third-highest annual inflows on record. Ethereum witnessed a massive turnaround in sentiment, welcoming its largest inflow since August 2022 of...
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MATIC Soars Past $0.9, Triggering Massive $1.4M Short Squeeze: Can The Bull Run Continue?

Polygon’s MATIC has exhibited significant growth over the past week. Initially off to a slow start, the altcoin has since picked up speed, successfully surpassing key resistance points. The recent uptick in MATIC’s value trapped bearish traders by pushing past the vital resistance mark of $0.9. Nonetheless, with the increase in investors looking to exit...
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Tether Plans to Obliterate Some Web2 Services Next Year With 5 New Projects

Tether, the issuer of the world’s largest stablecoin USDT, is planning to launch five new projects in 2024, further expanding its reach beyond stablecoin issuance. Tether CEO Paolo Ardoino hinted at the new projects in a recent tweet, saying the company is “quite close” to adding “another extremely powerful piece of the puzzle” to its...
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RUNE Soars 40% Weekly as THORChain Claims 2nd Place in DEX Daily Trading Volumes

THORChain, a native asset settlement protocol, is now the second-largest decentralized exchange (DEX). Its native token, RUNE, has experienced a significant increase over the last week amid the aforementioned development. THORChain Surges in Trading Volume Over the past week, THORChain has experienced a significant surge in trading volume, surpassing $1.325 billion. Data from DeFi Llama...
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SlowMist Exposes Crypto Fund Theft Linked to Fake Skype App

A sophisticated phishing scam involving a counterfeit Skype application has resulted in the theft of a substantial amount of cryptocurrency, according to SlowMist, a prominent blockchain security firm. The investigation has also revealed a connection to a past phishing incident that involved the same domain previously posing as Binance. Phishing App Mimics Skype in Security...
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Here’s When Bithum Plans to Take a Leap Toward IPO: Report

Bithumb is gearing up for its initial public offering (IPO). This comes weeks after the South Korean crypto exchange picked Samsung Securities as its underwriter, which is tasked with creating the prospectus, a legal document that furnishes comprehensive details about the initial public offering (IPO). Bithumb Eyes for IPO in 2025 According to a report...
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Meme Moguls (MGLS) and Shiba Inu (SHIB): The Path to Crypto Millionaires, Say Experts

In the last decade, the cryptocurrency market has minted a great number of millionaires. Now we have entered another bull market, and several more millionaires are set to be born.  However, only the right investments can make you a millionaire via cryptocurrency. A crypto expert has eased your search, picking Shiba Inu and Meme Moguls...
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$27 Million Worth of Stablecoins Reportedly Stolen in Crypto Wallet Hack

A wallet linked to the well-known exchange Binance has been breached, leading to a significant loss of $27 million. The incident primarily involved the theft of Tether (USDT) and was brought to light by the reputable on-chain investigator ZachXBT. ZachXBT Reveals $27M Crypto Heist on Binance-Linked Wallet According to on-chain detective ZachXBT, a cryptocurrency wallet...
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OneCoin’s Legal Chief Pleads Guilty to Wire Fraud and Money Laundering Charges

OneCoin’s head of legal and compliance Irina Dilkinska has pleaded guilty this week to wire fraud and money laundering charges in connection to the crypto scam that deceived and resulted in a $4 billion fraud. The DOJ said that the US District Judge Edgardo Ramos accepted Dilkinska’s guilty plea. According to the official press release,...
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Coming Soon: MBLUSDT Perpetual Swap Listing with Up to 10x Leverage 

If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users- you can register here. MBLUSDT Contract Specs MBLUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the MovieBloc token and trade it with...
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