Crypto Industry Aids FBI in Bybit Hack
The FBI seeks assistance from the crypto industry to track and block laundering of funds from the Bybit hack, reportedly involving over $1M. #Breaking #Crypto $BTC (-8) ↘
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CoreWeave Pursues $4B IPO Filing Soon
@CoreWeave plans a $4 billion IPO in the U.S. within a week, aiming for a $35 billion valuation, per Bloomberg. #Update #Crypto (+3) ↗
Ethereum Pectra Testnet Launches Successfully
Ethereum’s Pectra upgrade went live on Holesky testnet but faced delays; Avalanche launched a Visa card for crypto payments; hackers use GitHub to steal $BTC. #Update #Crypto $ETH (0) →
Stablecoins Dominate Senate Digital Assets Hearing
Stablecoins and digital asset regulation were key topics at the Senate Banking Committee’s first hearing, chaired by Cynthia Lummis, focusing on a bipartisan framework. #Update #Legal (+3) ↗
Bybit Hack Blame Game Intensifies
@Bybit confirms its systems were not breached in the $1.5B hack, attributing the incident to compromised Safe wallet infrastructure and social engineering by Lazarus Group. #Breaking #Security (+9) ↘
Uniswap Class Action Dismissal Upheld
The U.S. Court of Appeals for the Second Circuit largely upheld a 2023 decision dismissing a class action against @Uniswap over scam tokens, remanding state claims. #Update #Legal (+2) →
IRS DeFi Tax Rule Repeal Advances
The U.S. House Ways and Means Committee voted to reverse the IRS’s DeFi tax rule, moving the resolution to the full House for approval. #Update #Legal $BTC (-4) ↘
Crypto Enforcement Evolution in US
The SEC’s new crypto task force aims for a balanced regulatory path, reducing the crypto unit size while focusing on fraud prevention. #Update #Legal (+3) →
Crypto Adoption Surges Avalanche Visa Launches
@AvalancheFDN launches the Avalanche Card, a Visa credit card enabling $AVAX, wrapped AVAX, $USDT, and $USDC spending globally. #Update #Crypto $AVAX (+4) ↗
Bitcoin Miner GDA Expands West Texas
@Genesis_Digital_Assets is expanding its bitcoin mining operations in West Texas with a 50 MW increase, enhancing its Pyote and Vernon sites’ capacities. #Update #Crypto (+3) ↗
Bitcoin Theft: Fake GitHub Code Alert
Hackers use fake @GitHub projects to steal $BTC via the GitVenom campaign, targeting users globally with malicious code, warns Kaspersky. #Breaking #Crypto $BTC (-9) ↘
Crypto Raises 70M Bolstering Bitwise Balance
@BitwiseInvest completes a $70M equity raise led by Electric Capital, with plans to expand services and staff across San Francisco, New York, and London. #Update #Crypto (+6) ↗
Ethereum Shakeup: Aya Miyaguchi Departs
Ethereum Foundation Executive Director Aya Miyaguchi will transition to president amid leadership changes, as Ethereum faces declining popularity among new builders. #Breaking #Crypto $ETH (-8) ↘
Galaxy Digital Hires Ex BlockFi CEO
@GalaxyDigital hires Zac Prince, former BlockFi CEO, as managing director to expand digital assets offerings amid a pivotal transformation era. #Update #Crypto (+7) ↗