Radiant Protocol Winds Down After 2024 Hack
@RadiantCapital will wind down operations after failing to recover $50M stolen by North Korea’s Lazarus Group. The RDNT token dropped 4.2% following the announcement. #Update #Crypto $RDNT
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Dogecoin Gains Institutional Support from Paxos
The Dogecoin Foundation partners with @Paxos to integrate $DOGE into its brokerage and custody platform, potentially enhancing institutional access to the memecoin. #Update #Crypto $DOGE
CLARITY Act Debate Heats Up in Senate
US Senate to resume consideration of the Digital Asset Clarity Act this week, facing pushback from banking leaders; vote expected by August amid ethics concerns. #Update #Crypto $BTC
Crypto Platform Launches to Cut Trading Risks
@Anchorage has launched a new CMS platform enabling institutions to trade on crypto venues while maintaining regulated custody of assets and minimizing pre-funded accounts. #Update #Crypto
Crypto Firm Bitwise Acquires $259M Superstate Fund
@Bitwise has completed its acquisition of Superstate’s $259M Crypto Carry Fund, managing market-neutral strategies for yield generation with a reported 4% yield. #Update #Crypto $USCC
Bitcoin Sale Triggers Market Stress Test
@MicroStrategy’s MSTR stock fell over 6.5% after selling 32 $BTC, challenging its accumulation narrative; the firm aims to enhance shareholder value through active treasury management. #Update #Crypto $BTC
Crypto ETFs Launch as Japan Embraces Stablecoins
Japan’s Liberal Democratic Party proposes reforms for cryptocurrency taxation, yen-denominated stablecoins, and crypto ETFs, aiming to keep pace with global developments. #Update #Crypto $USDT
Bitcoin Sale Triggers Market Stress Test
@MicroStrategy’s MSTR stock fell over 6.5% before recovering; the sale of 32 $BTC signals a shift in its treasury strategy, now viewed as a liquidity source for obligations. #Update #Crypto $BTC
Hyperliquid HYPE Breakout Targets $100 Price
@Hyperliquid’s native token, $HYPE, surged over 30% to nearly $74, breaking a bull pennant pattern with a target near $105; open interest reached a record $3.5 billion. #Update #Crypto $HYPE
Gnosis Pay Exploit Triggers Refund Pledge
@Gnosis is addressing an exploit in its Gnosis Pay product, with co-founder Martin Köppelmann stating user losses will be covered. Security firm PeckShield advised users to withdraw funds amid the incident. #Breaking #Crypto $GNO (-8) ↘
Bitcoin Sells 32 BTC in Major Sale
@MicroStrategy sold 32 BTC for $2.5M, its first Bitcoin sale since 2022, causing shares to drop over 6%. Bitcoin now trades at $71,939. #Update #Crypto $BTC
Crypto Launches 0-Fee RealStocks Trading
@MEXC launches ‘RealStocks’ for U.S. equity trading, allowing users to own shares with real dividends and zero fees, validated by 20,000 beta users. #Update #Crypto $USDT
Bitcoin ETPs Suffer $1.67B Outflow
Crypto investment products faced three consecutive weeks of losses, totaling $4.21B, with Bitcoin ETPs seeing a record outflow of $1.44B last week. #Update #Crypto $BTC
Stablecoins Risk Importing Old Market Flaws
European Central Bank’s Isabel Schnabel warns stablecoins may import financial vulnerabilities while urging modernization of public money through a digital euro to maintain stability. #Update #Crypto $EUR