Author: Kryptonews
A $200 million-plus exploit targeting Cetus, a decentralized exchange on the Sui network, has reignited debate over decentralization in blockchain protocols after Sui validators collectively froze $162 million of the stolen funds.Some decentralization advocates called foul, criticizing Sui validators’ ability to pause fund transfers on the blockchain as a sign of centralization. Other investors applauded the rapid response and coordination against the attackers.Industry watchers are now waiting for Cetus to initiate its recovery roadmap after the Sui governance vote for returning the frozen $162 million was passed on May 29.Sui community votes for frozen Cetus funds. Source: SuiSui community passes…
Cronos defied a sector-wide downtick on Friday after the crypto asset manager Canary Capital filed for a CRO-based exchange-traded fund (ETF). CRO is the native asset of the Cronos layer-1 blockchain, which was developed by the exchange Crypto.com. Canary filed an S-1 Form with the U.S. Securities and Exchange Commission (SEC), proposing an ETF that would offer investors exposure to CRO. If approved, the product would also stake a portion of its CRO holdings to earn rewards. The new S-1 statement represents the latest in a spree of recent ETF filings for Canary, which is also attempting to launch Solana (SOL),…
Key Takeaways Coinbase will offer 24/7 XRP and Solana futures trading starting June 13. The exchange’s continuous trading is a first for a CFTC-regulated derivatives platform in the US. Share this article Coinbase announced today it will extend its 24/7 futures trading to include XRP and Solana (SOL) contracts starting June 13, aiming to offer US traders compliant access to altcoin derivatives amid shifting regulatory dynamics. Starting June 13, we’re enabling 24×7 trading for $XRP and Solana ( $SOL ) futures, unlocking real-time access to U.S. traders, reflecting the always-on nature of crypto markets. — Coinbase Institutional 🛡️ (@CoinbaseInsto) May…
Choosing the right hardware wallet is crucial for securing your cryptocurrency holdings. These devices offer a layer of protection by keeping your private keys offline, shielding them from online threats like malware and phishing scams. While many options exist, Ledger, Trezor, and Coldcard consistently stand out as leading contenders. This article explores their strengths, weaknesses, and key differences to help you make an informed decision. Security Features and Design Ledger: Ledger wallets, particularly the Nano S Plus and Nano X, boast a sleek, user-friendly design. They utilize a secure element chip, similar to those found in security cards, offering a…
The Blockchain Ecosystem in 2024: Where Venture Capital is Flowing The blockchain industry continues to evolve rapidly, moving beyond cryptocurrency into areas like decentralized finance (DeFi), NFTs, gaming, and infrastructure. Venture capital firms remain bullish on its long-term potential, despite market volatility. This year, investors are focusing on startups that solve real-world problems, enhance scalability, and improve user experiences. Here’s where VCs are placing their bets in 2024. Key Investment Themes in Blockchain DeFi and Decentralized Lending Decentralized finance remains a top priority for investors, with a focus on scalability and regulatory compliance. Protocols offering lending, borrowing, and synthetic assets…
Key points:Bitcoin’s bullish momentum has weakened, raising the chance of a correction to $100,000.Altcoins are likely to follow Bitcoin price and consolidate near their most immediate support levels.Bitcoin’s (BTC) failure to rise above $109,588 may have tempted short-term buyers to book profits. That has pulled the price under $104,000 on May 30. US spot Bitcoin exchange-traded funds recorded a net outflow of $347 million on May 29, its first outflow since May 13, according to CoinGlass.Derive founder Nick Forster told Cointelegraph that Bitcoin is likely to enter a consolidation phase, which will be “a healthy pause” before another “significant upward…
Key takeaways:Bitcoin demand is driven by investors’ macroeconomic fears, not just spot BTC ETF netflows.Global bond market volatility is boosting Bitcoin’s safe-haven appeal, with interest rate cuts and rising inflation triggering a shift into risk assets.Crypto analysts say investors’ interest in Bitcoin (BTC) is increasingly tied to its role as a hedge against geopolitical and financial instability. In a recent X post, independent market analyst Adam noted that the primary driver for Bitcoin’s upside is not institutional investors purchasing of the spot BTC ETFs, but the broader macroeconomic shifts sparked by rising inflation, bond market volatility, and the uncertainty caused…
Key Takeaways:Tron founder Justin Sun is expected to fly to space soon with Blue Origin, after recent social media activity hinted at the trip moving forward.Sun won a seat on Blue Origin’s New Shepard rocket in a 2021 auction with a $28 million bid.The $28 million was donated to Blue Origin’s “Club for the Future” foundation, which supports STEM education and space-related charities.Sun plans to take five companions with him, chosen from various fields like crypto, tech, art, and science.The flight, originally planned for 2022, was delayed, but speculation points to a possible July 2025 launch.The journey will be a…
Introduction to DeFi and Yield Farming Decentralized finance (DeFi) and yield farming have revolutionized the way investors grow their crypto holdings. Unlike traditional finance, DeFi leverages blockchain technology to provide financial services without intermediaries. Yield farming, a key component of DeFi, allows users to maximize returns on their assets through lending, staking, and liquidity provision. What is DeFi? DeFi refers to financial services built on blockchain networks, such as Ethereum. It enables peer-to-peer (P2P) transactions, lending, borrowing, trading, and more without centralized authorities. Platforms like Ethereum, Solana, and Binance Smart Chain (BSC) host DeFi applications, providing an alternative to traditional…
On Thursday, ten artists accused London’s Arusha Gallery of failing to pay nearly $700,000 in long overdue payments in a joint statement to the Art Newspaper. A day later, several more artists reached out to ARTnews to complain about the gallery’s conduct and claim they’re also owed money. Thursday’s joint statement came from artists Pippa Young, Anna Rocke, Plum Cloutman, Ilona Szalay, Megan Rea, Kate Walters, Gail Harvey, Morwenna Morrison, Helen Flockhart, and Charlotte Keates. In the statement, they claimed that they have faced “extreme difficulty obtaining payment for sold work—often waiting months or even years to receive funds owed.”…
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