Sky Joins Bidding War for Hyperliquid USDH
@Sky has proposed to support Hyperliquid’s USDH stablecoin, offering a 4.85% yield and $25M for DeFi growth, competing against four other projects. #Update #Crypto $USDS
Equities Rally on Rate-Cut Bets
$BTC remains steady above $111K, while $ETH trades around $4.3K amid cautious sentiment ahead of U.S. CPI data; institutional adoption continues despite speculative turmoil in protocols like WLFI. #Update #Crypto $BTC
Bitcoin Security: US Lawmakers Demand Treasury Report
The U.S. House bill requires the Treasury to assess a Strategic Bitcoin Reserve’s feasibility, including custody and cybersecurity, potentially setting industry benchmarks. #Update #Crypto $BTC
Ethereum Crashes as Support Threatens Collapse
Ethereum’s price recovery above $4,350 failed, trading below key levels. ETH risks a decline if it falls under $4,220 support. #Update #Crypto $ETH
SEC Launches Crypto Privacy Roundtable
The SEC’s Crypto Task Force will host a roundtable on financial privacy and surveillance, focusing on cutting-edge tools for regulatory clarity. #Update #Crypto
Ethereum Layer 2 Launches on Upbit
@Upbit plans to launch an Ethereum Layer 2 network using Optimism’s OP Stack, aiming to reduce transaction costs and increase speed. No launch timeline disclosed. #Update #Layer2 $ETH
Ethereum ETFs Face $1 Billion Pullback
U.S. spot $ETH ETFs face $1B in net outflows after a $1.4B inflow the previous week, highlighting volatility amid lack of staking rewards. #Update #Crypto $ETH
Bitcoin Acquires 1955 BTC with $217M Investment
@Strategy has acquired 1,955 BTC for $217.4M, raising total holdings to 638,460 BTC valued at over $71B. Year-to-date yield stands at 25.8%. #Update #Crypto $BTC
Crypto Exchange SwissBorg Hacked for $41M
@SwissBorg reported a hack via a third-party API, resulting in the theft of 193,000 $SOL worth approximately $41 million; affected users will be reimbursed. #Breaking #Crypto $SOL (-8) ↘
Pi Network Flags Scammer Wallet Linked to Thefts
A Pi Network moderator flagged a wallet used by a scammer to steal Pi tokens from users, highlighting ongoing security issues as the network prepares for a potential second migration. #Update #Crypto $PI
NPM Supply-Chain Attack Hits 1B Downloads
@Ledger’s CTO Charles Guillemet warns of a supply chain attack affecting over 1 billion NPM package downloads, enabling crypto wallet address swaps that could lead to user losses. #Breaking #Crypto
Bitcoin Scam: California Man Gets 37M Sentence
Shengsheng He sentenced to 51 months for laundering $37M in a crypto scam using Axis Digital Limited; part of DOJ’s crackdown on global fraud. #Breaking #Legal
Bitcoin Finds Key Support Will Momentum Hold
Bitcoin finds crucial support on the bull market band, maintaining momentum as analysts observe market trends. No significant price movements or events reported. #Update #Crypto $BTC
Ripple RLUSD Powers Vivopower’s Tembo Transactions
Vivopower’s Tembo e-LV adopts Ripple’s RLUSD for low-cost, instant cross-border payments in developing markets. #Update #Crypto