The U.S. government has filed a court document stating that over 94,000 bitcoin stolen in the 2016 Bitfinex hack should be returned to @Bitfinex as in-kind restitution, following plea agreements with Ilya Lichtenstein and Heather Morgan. #Breaking #Legal $BTC (+9) ↗
@BitMEX has been fined an additional $100 million for Bank Secrecy Act violations, following a previous $110 million penalty. This comes after the exchange’s guilty plea for anti-money laundering failures from 2015-2020. #Breaking #Legal (-9) ↘
Chainlink ($LINK) surged 9% to reclaim the $23 mark, driven by whale accumulation of 1.35 million tokens worth $31 million since January 14, signaling potential bullish momentum towards a $50 target. #Update #Crypto $LINK (+6) ↗
@PythNetwork has launched a new oracle service called Lazer, aimed at providing price feeds for latency-sensitive applications. This development is significant for projects requiring real-time data to enhance their operations. #Update #Crypto (+3) ↗
@Ripple’s $XRP has reached a new all-time high as futures open interest surges to $7.7 billion, indicating strong market activity and investor interest in the cryptocurrency. #Update #Crypto $XRP (+6) ↗
@HyveLabs, a web3 gaming firm, secured $2.75 million in pre-seed funding led by Framework Ventures to enhance its team and infrastructure, including launching its testnet chain and first game. #Update #Crypto (+4) ↗
@Coinbase now offers Bitcoin-backed onchain loans up to $100,000 in $USDC, powered by DeFi protocol Morpho. This service facilitates decentralized borrowing using Bitcoin as collateral on the Base network. #Update #Crypto $BTC (+4) ↗
Bloomberg analyst suggests that a Litecoin ETF is likely to be the next approved in the U.S., potentially impacting $LTC’s market presence. This development follows recent trends in cryptocurrency ETFs gaining traction. #Update #Crypto $LTC (+3) ↗
@MicroStrategy plans to raise $2 billion by issuing perpetual preferred stock, offering returns and volatility at 1.5x of $BTC, according to Executive Chairman Michael Saylor. Benchmark maintains a “buy” rating on MSTR stock. #Update #Crypto $BTC (+4) ↗
@Sony’s Soneium blockchain is under fire for allegedly blacklisting memecoins on its launch day, sparking backlash from the crypto community. The controversy highlights ongoing tensions between traditional tech firms and decentralized finance enthusiasts. #Update #Crypto (-4) ↘
SEC Chair Gary Gensler stated the agency has “never said” that $BTC and $ETH are securities, maintaining ambiguity over their classification ahead of his departure. This follows scrutiny and legal actions involving Ethereum-related entities. #Update #Legal $ETH (→ 0)
The top trending tokens are $XRP, with increased interest in its banking efficiency and potential ETF approvals, and $ETH following @Sony’s Soneium launch, sparking active trading. #Update #Crypto $XRP (+3) ↗
Elon Musk’s @xAI valued at $18B after securing $6B in funding. Partnering with Oracle for a “Gigafactory of Compute” to build a supercomputer, expanding GPU count to 100,000. #AI #CryptoNews
API3, revolutionizing DeFi by introducing Oracle Extractable Value (OEV), enhances data transaction efficiency and cost-effectiveness, making it a first in the space and pivotal in advancing blockchain utility.
