Bybit Closes China Offices, Staff Relocates #Crypto
Bybit, the world’s second-largest crypto exchange, plans to close its Shanghai and Shenzhen offices, relocating staff to Malaysia and Dubai amidst China’s strict crypto bans. #CryptoNews #Bybit
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DeFi Hack: UwU Lend Loses $19.3M #DeFi
UwU Lend, created by Frog Nation’s ex-CFO 0xSifu, lost $19.3M in a 6-minute hack. Experts call for better DeFi security. #Crypto #DeFi
FHE Privacy Upgrade Boosts Ecosystem Projects #Security
Lucie, marketing lead for Shiba Inu, urges users to adopt fully homomorphic encryption (FHE) for enhanced privacy and security in the $SHIB ecosystem, partnering with @zama_fhe. #CryptoNews #Privacy
Terra Luna Classic Allocates 256M LUNC to Labs
The Terra Luna Classic community has unanimously approved a proposal from Genuine Labs, allocating over 256 million LUNC tokens for development, including security upgrades and preventing p2p storms. #Crypto #LUNC
Bitcoin ETFs Hold $70B, 5% of BTC Supply #Bitcoin
Global Spot Bitcoin ETF holdings exceed $70B, accounting for 5% of total BTC supply. Bitcoin hits all-time high above $73K, now trading at $69,414.92. #Bitcoin #CryptoNews
Bitcoin Surges: DeFi Technologies Treasury Boosts Stock #Bitcoin
DeFi Technologies ($DEFTF) adopts Bitcoin as its primary treasury reserve, purchasing 110 BTC worth $7.7M. Stock surged 11.11%, closing at $1.30. #DeFi #Bitcoin #Updates
Solana Penalizes Validators for Sandwich Attacks #Security
Solana Foundation has removed several validators for engaging in sandwich attacks, aiming to protect users from exploitative practices and maintain a fair network. #Solana $SOL #BlockchainUpdates
Dogwifhat Skyrockets After Musk’s Solana Shoutout #Crypto
Elon Musk’s mention of Solana-based meme coin Dogwifhat ($WIF) on X caused a 2.09% price surge to $2.79, boosting its market cap to $2.73B. #Crypto #ElonMusk
XRP Healthcare Appoints M&A Expert as Chairman #Startups
XRP Healthcare appoints M&A expert Whitney Lynn as chairman to lead ambitious expansion into Africa, starting with Uganda. $XRP price sees a 0.30% boost. #Healthcare #Blockchain #Updates
Polkadot Surges: DOT Undervalued Amid RWA Moves #Crypto
Polkadot leads the Real World Assets (RWA) sector with its new functionality and Polkadot 2.0 JAM Whitepaper, aiming for significant $DOT growth. Liquidity trends show key resistance at $8 and $10. #Blockchain #CryptoNews
Ethereum Surges Amid Bitcoin’s $2B Inflows #Crypto
Bitcoin ($BTC) led last week’s digital asset inflows with $1.97B, pushing total inflows to $4.3B. Ethereum ($ETH) also surged with $69M due to SEC’s approval. #Crypto #Updates
Bitcoin Surge: Analyst Predicts Major Price Rally #Bitcoin
Bitcoin’s price rally predicted by 10X Research follows a $6.75B withdrawal from @krakenfx and @coinbase. Analysts eye CPI, PPI, and FOMC decisions. $BTC hits 30-day high at $71,946.46. #CryptoNews
Solana Mainnet Upgrade: SOL Eyes $250 Rally #Crypto
Solana’s v1.18.15 mainnet upgrade on June 10, 2024, aims to fix congestion issues and improve scalability. $SOL currently trades at $159.62, with potential to reach $250. #Crypto #Updates
Bitcoin Surges from US-Saudi Petrodollar Deal End #Bitcoin
Saudi Arabia ends the petrodollar deal, now selling oil in multiple currencies. This shift, alongside rising inflation, boosts Bitcoin’s ($BTC) appeal as a hedge against fiat devaluation. #Crypto #Updates