pSTAKE Finance, backed by Binance Labs and a prominent figure in the liquid staking sector, is set to introduce a novel liquid staking solution for Bitcoin, constructed on Babylon’s framework. This development marks a significant extension of pSTAKE’s offerings beyond its initial focus area within the Cosmos network, where it first introduced liquid staking in 2021. …

Babylon partners with pSTAKE to launch Bitcoin liquid staking Read More »

Quick Take According to data from Farside, Bitcoin (BTC) exchange-traded funds (ETFs) witnessed an inflow of $100.5 million. This marks the largest inflow into these ETFs since May 6 and represents a consecutive day of inflows. Out of the 11 ETFs analyzed, six experienced positive inflows. The day belonged to Ark ARKB, which saw an …

Ark ARKB’s $133.1 million surge leads Bitcoin ETFs to inflows Read More »

Building on the success of Lens Protocol, Lens Lab, an entity under Avara, has announced the Lens Network, a blockchain-based network aimed at transforming the future of social media interactions. Developed on the ZK Stack utilizing zkSync technology on Ethereum, the Lens Network is poised to address and overcome the prevalent scalability challenges faced by …

Avara to launch Lens Network on zkSync to expand on success of Lens Protocol Read More »

At least two DeFi projects were targeted by significant exploits in the early hours of today, resulting in millions of dollars in losses. Sonne Finance exploited Decentralized liquidity provider Sonne Finance fell victim to a $20 million exploit on its Optimism network-based USDC and Wrapped Ethereum (WETH) contracts, according to blockchain security firm Cyvers. In …

DeFi protocols Sonne Finance and ALEX Lab lose over $24 million in separate hacks Read More »

Quick Take Two transactions originating from Coinbase cold storage were detected around 3 am GMT on May 15. Each transaction involved 8,000 Bitcoin, totaling $493.96 million. Together, these transactions summed up to approximately 16,000 Bitcoins, valued at nearly $1 billion, approximately $988 million, according to Arkham Intelligence. Bitcoin Transaction from Coinbase: (Source: Arkham Intelligence) Verification …

Coinbase records third-largest Bitcoin outflow of 2024, totaling nearly $1 billion Read More »

Oklahoma has signed into law a bill protecting crypto-related rights. The Oklahoma State Legislature website indicates Governor Kevin Stitt approved HB 3594 on May 13. The bill comes into effect on Nov. 1. Under the new law, the Oklahoma state government cannot prohibit, restrict, or impair the use of crypto in purchases or the self-custody …

Oklahoma signs bill into law protecting crypto spending, mining, and self-custody Read More »

CoinShares reported $55.2 million in revenue, gains, and other income for the first quarter. The EU crypto investment firm’s May 14 earnings report described the total as a 216% year-over-year increase. CoinShares also reported a comprehensive income of $42.9 million for the first quarter, an elevenfold year-over-year increase. It reported earnings before interest, taxes, depreciation, …

CoinShares brought in $55 million in Q1 2024 in ‘strongest quarter ever’ Read More »

The Polkadot Governance Community has approved approximately $600,000 for Pop Network’s R0GUE team to develop smart contracts that integrates the blockchain network’s native DOT token. Smart contracts are digital agreements stored on a blockchain that execute automatically when predefined conditions are fulfilled. These contracts are widely used on networks like Ethereum, but they are not …

Polkadot funds $600k project to introduce smart contracts, boosting blockchain capabilities Read More »

The State of Wisconsin Investment Board (SWIB) and others reported investments in spot Bitcoin ETFs. In a May 14 filing, SWIB disclosed 2.5 million shares of BlackRock’s IBIT worth $99.1 million and 1.0 million shares of Grayscale’s GBTC worth $63.7 million. The investment makes SWIB the second-largest holder of IBIT after Bracebridge Capital. SWIB is …

State of Wisconsin Investment Board, Titan Global invest in spot Bitcoin ETFs Read More »

A newly published cyber threat report from Avast has revealed substantial dominance of social engineering in cyber threats during the first quarter of 2024. Per the report, nearly 90% of cyberattacks on mobile and 87% on desktop devices involved scams, phishing, and malvertising, exploiting human vulnerabilities more than technical weaknesses. A significant rise in scams …

AI-powered social engineering not technical exploits now dominating 90% of cyber attacks Read More »