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Africa-Focused DeFi Platform Mara Releases Ethereum-Compatible Testnet
Africa-Focused DeFi Platform Mara Releases Ethereum-Compatible Testnet

Developers in Nigeria and across Africa can build and test their decentralized applications on the Optimism forked Mara Chain.

Coindesk·2023/07/21 11:35
Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil
Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil

“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.

Coindesk·2023/07/14 17:11
Circle Cuts Workforce, Ends Certain 'Non-Core' Activities; Will Continue Hiring Globally
Circle Cuts Workforce, Ends Certain 'Non-Core' Activities; Will Continue Hiring Globally

While some departments were subject to layoffs, the stablecoin issuer will continue to hire in other areas.

Coindesk·2023/07/12 18:01
Tim Draper-Backed Fund Joins $5M Series A for LunarCrush
Tim Draper-Backed Fund Joins $5M Series A for LunarCrush

The social media analytics platform is expanding from a digital asset trading focus to allow users to search for any topic.

Coindesk·2023/07/12 12:01
BlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level
BlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level

An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address.

Coindesk·2023/07/11 16:11
Index Coop Aims to Improve Limitations of Protocol, On-Chain Structured Products
Index Coop Aims to Improve Limitations of Protocol, On-Chain Structured Products

The infrastructure limitations of this sector include a lack of cross-chain asset support, expense in maintaining products due to high issuance costs and difficulty rebalancing on-chain products due to slippage.

Coindesk·2023/07/11 13:36
Distressed Crypto Specialist Thomas Braziel Sets Up Investment, Advisory Firm
Distressed Crypto Specialist Thomas Braziel Sets Up Investment, Advisory Firm

The company, 117 Partners, will be a hybrid between advisory and investment, said Braziel.

Coindesk·2023/07/10 10:10
Three Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi
Three Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi

A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims.

coindesk·2023/07/07 17:48
Ex-Genesis CEO Michael Moro to Head Crypto Derivatives Exchange Startup
Ex-Genesis CEO Michael Moro to Head Crypto Derivatives Exchange Startup

Ankex, a non-custodial exchange with a centralized order book, is being spun out of crypto custody firm Qredo, which Moro joined in January.

Coindesk·2023/07/05 15:16
Ethereum-Based Yield Powerhouse Pendle Finance Expands to BNB Chain
Ethereum-Based Yield Powerhouse Pendle Finance Expands to BNB Chain

Pendle offers users yields in the form of tradable digital tokens, with some strategies offering as much as 82% annualized yields on ether (ETH) and ether derivative tokens.

Coindesk·2023/07/05 12:39
Flash
  • 03:11
    Loan Protocol Loopscale Hit by Attack, Approximately 5.7 Million USDC and 1,200 SOL Stolen
    On April 27, it was reported that the Solana-based lending protocol Loopscale disclosed on platform X that at 11:30 AM EST (UTC+8, April 26, 11:30 PM), the RateX PT token pricing function of Loopscale was manipulated, leading to the theft of approximately 5.7 million USDC and 1,200 SOL from Loopscale's USDC and SOL vaults. Currently, all markets of Loopscale have been temporarily halted for the team to conduct further investigation. The funds involved in this security breach constitute about 12% of Loopscale's total funds and only affect depositors who have funds in Loopscale's USDC and SOL vaults. Borrowers and revolving loan users are unaffected. Efforts are underway to restore the repayment function as soon as possible to avoid unforeseen liquidation scenarios. The team is working closely with law enforcement officials, security experts, and investors to recover the funds. An update will be released immediately upon receiving more information and a complete technical analysis report.
  • 03:11
    Market News: IMF States El Salvador Has Stopped Using Public Funds to Invest in Bitcoin
    April 27 News, according to a post and screenshot by crypto KOL Crypto Rover, the International Monetary Fund (IMF) states that El Salvador has stopped using public funds to invest in Bitcoin.
  • 03:10
    U.S. Bond Funds See Record Inflows Last Week, Bond Market Stabilizing
    According to The Kobeissi Letter, U.S. bond funds experienced record inflows last week, reaching about $19 billion. This surpasses the previous record of approximately $14 billion set during the pandemic in 2020. Meanwhile, the 30-year U.S. Treasury yield is down nearly 30 basis points from its peak in April. The U.S. bond market is stabilizing.
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