March 18, 2024
Binance Cofounder Changpeng Zhao Teases New Educational Project Ahead of Sentencing
Changpeng Zhao took to X on Monday to tease the launch of a new project, but offered little detail beyond revealing that there would be no token.
A U.S. District Court has sanctioned the SEC for misleading the court in relation to its lawsuit against crypto firm Debt Box, with the judge concluding that the securities regulator’s actions constituted a “gross abuse of power entrusted to it by Congress.”
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Senators Jack Reed (D-RI) and Laphonza Butler (D-CA) penned a letter to SEC Chair Gary Gensler earlier this week urging the Commission to halt the approval of further crypto exchange-traded products (ETPs) in U.S. markets. The letter, which began circulating on social media late Thursday, highlights concerns regarding inadequate risk …
Earlier this week, a governance vote for Bitcoin decentralized finance (DeFi) protocol Sovryn resulted in the decision to deploy the app on new Bitcoin layer-two network Build on Bitcoin (BOB). Sovryn originally launched on the Ethereum Virtual Machine-compatible Rootstock sidechain in late 2020 and focuses on providing many of the …
It’s been a volatile 24 hours for bitcoin, with the asset losing nearly 8% after hitting a new all-time high above $73,800. Analysts at onchain analytics firm Glassnode say that’s something to be expected, given the current state of the market. Of the 10 risk framework metrics, nine are flashing …
Grayscale Investments submitted a new filing with the US Securities and Exchange Commission (SEC) on Monday to launch the Grayscale Bitcoin Mini Trust, a spin-off fund of its Grayscale Bitcoin Trust (GBTC). In its filing, Grayscale describes the Bitcoin Mini Trust as a spin-off from the company’s existing Grayscale Bitcoin …
The U.S. Securities and Exchange Commission (SEC) has been hit with sanctions for its lawsuit against Debt Box, for acting in bad faith and undermining the integrity of the judicial process. In an 80 page opinion, U.S. District Judge Robert J. Shelby imposed sanctions on the regulator, in addition to …
Almost a year-and-a-half ago, Solana was reeling from the collapse of FTX, with its token price plummeting nearly 70% to under $10. But as Solana reaches the fourth anniversary of its first block on March 16, it has ridden a wave of growth — and confidence — with 1.2 million …
Lazarus Group, the North Korean cybercrime group that is believed to be behind the HTX and HECO bridge hacks last year, has started laundering a portion of the funds stolen through crypto mixer Tornado Cash. Blockchain analytics firm Elliptic found that wallet addresses tagged to Lazarus had laundered $13 million …
The Avalanche Foundation, the nonprofit organization charged with supporting the Avalanche blockchain network, disclosed its holdings of five different memecoins early Thursday morning. According to a blog post, the Avalanche Foundation holds Coq Inu, Gecko, Kimbo, NoChill, and Tech. These five tokens, which “represent the fun, spirit, uniqueness, and interests …
The price of JUP, the native governance token for the Solana-based decentralized exchange aggregator, Jupiter, reached a record high Monday morning ET, jumping to as high as $1.59 before settling at $1.40 at press time. According to data from CoinGecko, JUP has increased 10% in the past 24 hours and …
Earlier this week, a governance vote for Bitcoin decentralized finance (DeFi) protocol Sovryn resulted in the decision to deploy the app on new Bitcoin layer-two network Build on Bitcoin (BOB). Sovryn originally launched on the Ethereum Virtual Machine-compatible Rootstock sidechain in late 2020 and focuses on providing many of the …
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. In this week’s episode the squad asks: Is MakerDAO setting a new precedent for DeFi protocols with its emergency rate hike? How significant is the …
The Arbitrum decentralized autonomous organization (DAO) appears to have revoked a proposal to fund the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev. The proposal, which was submitted to the governance forum on March 8, called for allocating ARB tokens worth close to $1.3 million from the …
Ether.Fi’s airdrop distribution of its ETHFI governance token went live Monday morning in a move aimed at decentralizing the liquid staking protocol. Trading in the $3 to $3.50 range for much of the day, the token already has a market cap surpassing $362 million. Factors that determined eligibility for the …
Base, an Ethereum layer 2 network developed by Coinbase, recorded a million dollar rise in daily transactions following the successful deployment of Dencun on the Ethereum mainnet. Blockchain data shows that daily transactions on Base surged to 2.1 million on March 16, roughly a day after Dencun went live. Meanwhile, …
Arbitrum on Saturday will unlock over $2 billion worth of ARB tokens to team members, advisors, and investors of Offchain Labs, the software firm tasked with developing the layer 2 blockchain network. The token unlock is the largest in Arbitrum’s history and will nearly double the circulating supply of ARB, …
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Ethereum’s long-awaited Dencun upgrade finally went live this week, and many L2s immediately saw their transaction fees fall dramatically, as was the intention. Among them …
Krishna Okhandiar, the founder of Remilia and the Milady non-fungible token (NFT) collection, more commonly known by the pseudonym “Charlotte Fang” has claimed that his wallet was drained by hackers after several popular NFTs and assets were transferred out and liquidated over the weekend. Dumpster DAO flagged the suspicious transactions …
The largest ever bitcoin block, measured by byte size, has been mined — and it consists entirely of a Bitcoin Ordinals inscription. The block was mined by bitcoin mining firm Marathon Digital’s Slipstream, a direct transaction submission service on bitcoin made possible by the company’s proprietary mining pool MARA, and …
Yuga Labs, the non-fungible token (NFT) heavyweight, announced on Monday afternoon that its collections with a royalty filter will only be available for trading on marketplaces that enforce royalty payments starting Tuesday. “We will be sunsetting our support for marketplaces who don’t support royalties for ALL creators. This means that …
Web3 digital identity provider Unstoppable Domains announced Friday morning that crypto denizens and specifically holders of the NFT collection Pudgy Penguins can acquire domains that end in “.pudgy.” According to a press release shared with Unchained, the partnership between Unstoppable Domains and Pudgy Penguins through the introduction of the new …
The U.S. Securities and Exchange Commission (SEC) has been hit with sanctions for its lawsuit against Debt Box, for acting in bad faith and undermining the integrity of the judicial process. In an 80 page opinion, U.S. District Judge Robert J. Shelby imposed sanctions on the regulator, in addition to …
Binance cofounder and former CEO Changpeng Zhao, who is currently awaiting sentencing for a series of anti-money laundering violations, announced Monday that he would be launching a new “education project,” promising details to follow. With just over a month remaining until his sentencing on April 30, Zhao took to X …
The Securities and Exchange Commission’s landmark case against Binance is homing in on a key question: Who has the keys to Binance.US’s assets? Binance remains by far the largest crypto exchange in the world, despite the SEC’s case, as well as criminal charges from the Justice Department in November against …
U.S. prosecutors have submitted sentencing recommendations for Sam Bankman-Fried, recommending to the court that the former FTX CEO be imprisoned for a minimum of 40 to 50 years. In writing their recommendation to Judge Lewis Kaplan, who has presided over Bankman-Fried’s trial, the government emphasized that the scale and callousness …
Almost a year-and-a-half ago, Solana was reeling from the collapse of FTX, with its token price plummeting nearly 70% to under $10. But as Solana reaches the fourth anniversary of its first block on March 16, it has ridden a wave of growth — and confidence — with 1.2 million …
Ethereum has completed a significant upgrade of its blockchain network, which is expected to pave the way for the next generation of crypto users to transact onchain without suffering significant spikes in gas fees. The upgrade, named “Dencun,” was completed early morning Wednesday ET after it was activated on Ethereum’s …
Some crypto protocols have upgraded their smart contracts ahead of Ethereum’s anticipated hard fork on March 13 in an effort to be compatible with EIP-4844, a critical element of the upcoming Dencun upgrade. Developers of zkSync performed a protocol upgrade yesterday to make the zero-knowledge-based rollup compatible with EIP-4844, said …
In less than a week’s time, fees on Ethereum layer 2 networks are set to be reduced dramatically, thanks to Ethereum’s Dencun upgrade. Scheduled for March 13, Dencun is the next major upgrade on Ethereum’s ambitious multi-year roadmap to reduce transaction fees, increase security, and future proof the network. At …