June 12, 2024

Terraform Labs Agrees To Pay $4.47 Billion Fine With SEC

Terraform Labs has reached a settlement in its lawsuit with the Securities and Exchange Commission (SEC), with the defunct crypto firm agreeing to pay a $4.47 billion fine for its fraudulent activity related to the defunct Terra blockchain. In a Wednesday letter to US District Judge Jed Rakoff, the SEC asked for approval of its...
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Largest Ethena (ENA) Staker Sells $14.1M in Tokens, Suffers $13M Loss

ENA – the native token of Ethena – has been facing significant selling pressure in recent weeks. After an extended period of price declines, ENA plunged to $0.73, representing its weakest price level since May 20th. This, in turn, has translated to huge losses for ENA stakers. Lookonchain revealed that the largest ENA staker, who...
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Turkish Lira’s Crypto Volume Market Share Hits All-time High

The crypto volume market share of the Turkish lira (TRY) has hit an all-time high amid the currency’s depreciation and foreign exchange volatility in the country. According to a report by crypto research platform Kaiko, the uptick in TRY’s crypto volume market share caused the currency to rally past the euro (EUR), becoming the third...
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VGX Foundation and Honeyland Partner to Offer VGX Rewards for Players

[PRESS RELEASE – George Town, Cayman Islands, June 12th, 2024] The VGX Foundation has announced a partnership with popular web3 game Honeyland, offering rewards utilizing the VGX token for their players. VGX is a token that bridges multiple chains and is focused on bridging utility across GameFi and gaming ecosystems. Honeyland is a popular blockchain-based...
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Retail Investors Still Bullish on Bitcoin (BTC) Ahead of FOMC Meeting

Bitcoin and the rest of the cryptocurrency market experienced a notable surge following the release of the latest US Consumer Price Index (CPI) data, and now eyes are on tonight’s Federal Open Market Committee (FOMC) meeting. Bitcoin and Ethereum posted gains of 3.4% and 2.43% over the past 24 hours, respectively. The crypto market remains...
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Topper Expands Into Brazil, Offering Seamless Crypto Transactions to Latin American Users

[PRESS RELEASE – San Francisco, United States, June 12th, 2024] Topper integrates Brazil’s Central Bank-Managed Pix for Instant Payments on 200+ digital assets. Today Topper, a fiat-to-crypto on-ramp by the global web3 financial platform Uphold, announced their Latin American expansion plans to begin offering streamlined crypto payment solutions, beginning in Brazil. This milestone propels their...
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Asymmetry and Ampleforth Introduce afUSD: Taking Aim Against Centralization

[PRESS RELEASE – San Francisco, US, California, June 12th, 2024] DeFi Protocol, Asymmetry Finance, Announces Partnership with Ampleforth and Unveils afUSD, Redefining the Stablecoin Market Asymmetry Finance, a leading liquid staking tokens (LST) protocol, is set to launch its afUSD product in partnership with Ampleforth, marking a significant milestone in the DeFi landscape. Designed as...
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Azuro Steps Into AI Using Olas to Predict Sports Event Results

[PRESS RELEASE – Lisbon, Portugal, June 12th, 2024] Azuro, the leading liquidity layer for onchain predictions, is using Olas, the principal network for autonomous AI agents, to leverage their AI stack for the development of an autonomous agent capable of operating across the Azuro ecosystem. Azuro is the frontrunner infrastructure layer for sport and entertainment...
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Summer Trading Fest: BitDelta $50,000 Trade-a-Thon

[PRESS RELEASE – Bucharest, Romania, June 12th, 2024] As part of its continuous effort in growing a vibrant community of traders and crypto-savvy people, BitDelta is launching another trading competition, with an overall prize pool of $50,000. Campaign Period: June 10 – June 24, 2024 The competition is open to both existing and new users,...
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LIF3.com and DeFi.Gold Forge Groundbreaking Partnership to Integrate Native Bitcoin Assets into LIF3 Blockchain Ecosystem

[PRESS RELEASE – Roadtown, British Virgin Islands, June 12th, 2024] LIF3.com, the pioneering team behind the LIF3 omni-chain decentralized exchange (DEX) and blockchain, in conjunction with DG Labs Inc., creators of the innovative DeFi.Gold protocol, are thrilled to announce a strategic partnership. This collaboration marks a significant milestone as it aims to integrate Bitcoin digital...
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Epic Cash’s Fifth Year: A Testament to Secure and Decentralized Cryptocurrency and a small welcome gift

[PRESS RELEASE – Berlin, Germany, May 23rd, 2024] Epic Cash is celebrating its 5th anniversary with many improved features and is giving away 1 EPIC to the first 1000 participants. Information about the airdrop event can be found below. Epic Cash, is not just another cryptocurrency with a nice logo on the crypto market. Epic...
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GBM Auctions Hosts First Charity Bid-to-Earn Auction for Polkadot Ecosystem

[PRESS RELEASE – London, United Kingdom, June 12th, 2024] GBM Auctions has announced the completion of the first charity Bid-to-Earn auction for the Polkadot ecosystem. The event, which was hosted on the Moonbeam Network, raised over $92,000 for charity and showcased the GBM’s novel bidding mechanism. On May 16, GBM Auctions commenced the week-long auctions...
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Fee Changes on BitMEX Spot 

On 13 June 2024 at 04:00 UTC, we will update the base Taker and Maker fees on all BitMEX Spot markets to:  Taker fee: 10bps (0.10%) Maker fee: 10bps (0.10%) The fee change will apply to any new spot trades made on or after 13 June 2024 at 04:00 UTC, until further notice.  Please note...
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Metaplanet’s Stock Surges by 10% After Third BTC Purchase

Metaplanet, a Japanese company, announced on June 11 a purchase of 23.351 BTC worth about $1.59 million, elevating its BTC holdings to 141.07, worth $9.6 million. This pro-bitcoin move by Metaplanet triggered a remarkable 10.8% price surge in its publicly traded shares. Metaplanet Buys 23.351 BTC The Tokyo-based company, which has earned the nickname Asia’s...
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Bitfarms Outlines Defense Plan Against Rival Riot’s Ongoing Takeover Bid

Bitfarms announced on Monday that its Board of Directors has unanimously approved a shareholder rights plan, effective immediately, to preserve the integrity of its strategic alternatives review process in response to an unsolicited takeover offer from Riot Platforms Inc. The plan, commonly known as a “poison pill,” is intended to prevent any party from gaining...
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