Cyptocurrency

Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund

Hong Kong asset management company Metalpha has secured $5 million for its Grayscale-based fund from Bitmain, according to a source close to the company. Metalpha is looking to raise $100 million for the Next Generation Fund I, which it has formed…

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Sam Altman’s Crypto Project Worldcoin Raises $115M, Led By Blockchain Capital

Tools for Humanity, the team behind Worldcoin, has raised $115 million in a Series C funding round led by Blockchain Capital with participation from a16z, Bain Capital Crypto and Distributed Global. Worldcoin, a decentralized open source protocol, was co-founded by OpenAI…

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IoT Devices Can Now Connect to Both Helium Network and Amazon Sidewalk

The Helium Foundation has partnered with Oxit to create Oxtech Module, a product to connect Internet of Things (IoT) devices to both the decentralized wireless network, Helium, and Amazon Sidewalk. Amazon Sidewalk is a new low-power, nationwide network that uses Amazon…

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Bitcoin’s Hot Ordinals Economy is Getting a Dollar-Backed Stablecoin

Bitcoin’s burgeoning on-chain economy is getting its own dollar-backed stablecoin. The new token Stably USD aims to become a go-to currency for traders transacting in the wave of novel assets being built on bitcoin, according to issuing company Stably. The crypto…

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Bitcoin Options Market Signals Weakness over 6 Months Amid Debt Ceiling Drama

Bitcoin's (BTC) options market is showing bias for weakness over six months for the first time since early March as the U.S. debt ceiling drama continues. The six-month call-put skew, which measures the difference between what investors are willing to pay…

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Crypto Exchange Coincheck’s Nasdaq Listing Could Be Delayed Again

Japanese cryptocurrency exchange Coincheck's plans to list on Nasdaq via a merger with special purpose acquisition company (SPAC) Thunder Bridge Capital Partners IV faces a possible further delay. The Thunder Bridge board believes there will not sufficient time to complete the…

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BNB Chain Expected to Undergo ‘Luban’ Upgrade in June. Here’s all You Need to Know

Blockchain network BNB Chain is expected to undergo a network upgrade at block height 29,020,050, estimated to arrive on June 11 at 21:30 UTC, developers released on GitHub. Network improvements typically attract investors and users to blockchain ecosystems as they allow…

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Crypto Conglomerates, DeFi Targets of EU Financial Stability Watchdog Concerns

The European Union’s financial stability watchdog has said that new regulations may be needed to cover large crypto conglomerates and smart contracts, as it warns that a growing digital asset and decentralized finance (DeFi) sector may come to pose a systemic…

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Lawyers Challenging U.S. Tornado Cash Sanctions Say Free Speech Is at Stake

Are smart contracts property? Are holders of a protocol’s token members of an unincorporated association? Is banning open-source software an attack on free speech? Those are the questions before a U.S. court in Austin, Texas, as a lawsuit from a group…

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Do Kwon’s Detention in Montenegro Extended After High Court Decision to Revoke Bail

Terraform Labs co-founder Do Kwon will remain in detention while he faces charges of falsifying official documents in Montenegro after a request for bail was approved and later revoked, according to a court statement from Thursday. Although the Basic Court in…

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Crypto Trading Platform Bitget to Offer Off-Exchange Settlement With Copper’s ClearLoop

Crypto exchange Bitget will be partnering with custody firm Copper and joining the ClearLoop network, the company said in a statement Thursday. Bitget’s integration with ClearLoop will allow institutional clients of both companies to hold digital assets within Copper’s infrastructure while…

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Bitcoin-Based ‘Space Pepes’ Led Weekly Trading Volumes Among NFT Collections

Pixelated pictures of "Pepe the Frog" comics riding spaceships were the latest allure for digital art collectors in the Web3 world. The so-called Bitcoin-based “Space Pepes” collection became the most traded non-fungible tokens (NFTs) over a seven-day period, data from Cryptoslam…

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Bitcoin’s ‘Ichimoku Cloud’ Suggests Deeper Drop Toward $24K: Technical Analysis

Bitcoin's (BTC) recent price slide may have legs, according to technical analysis by alternative asset management firm Valkyrie Investments. The leading cryptocurrency by market value has declined by 10% to $26,200 this month, thanks to renewed hawkish Fed bets, the recovery…

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Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius

Crypto consortium Fahrenheit has won a bid to acquire insolvent lender Celsius Network, whose assets were previously valued at around $2 billion, according to court filings made early in the hours of Thursday morning. The group will acquire Celsius’s institutional loan…

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First Mover Asia: Bitcoin Holds Below $27K Amid Macro Uncertainties

Good morning. Here’s what’s happening: Prices: Bitcoin remains in the red as Asian markets open and investors consider U.S. debt ceiling woes and other uncertainties. Insights: In an interview with CoinDesk, Market maker Flowdesk's CEO sees opportunity in the U.S. A…

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Bitpanda Partners With Coinbase to Help Europe’s Banks Offer Crypto to Customers

Austrian-based crypto exchange and trading platform Bitpanda is teaming with Coinbase (COIN) to connect the U.S.-listed exchange giant with banks in Europe who are looking to offer digital assets to their customers. The just-announced partnership allows Coinbase to use Bitpanda Technology…

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Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices

The stablecoin market is on track to shrink for the 14th consecutive month, a sign of capital draining from the digital asset space, and a troubling trend for the recovery of cryptocurrency prices. The total market capitalization of stablecoins dropped to…

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Bitcoin’s Doldrums Below $26.5K Endure as Investors Weigh Debt Ceiling Stalemate, Latest FOMC Minutes

After two weeks of flatlining, crypto markets finally endured a little change of pace as investors spooked by UK inflation and the latest Janet Yellen warning about the U.S. debt ceiling stalemate sent prices reeling on Wednesday. The release of the…

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Crypto Execs Give Washington Influence Another Go With FTX Anchor Around Necks

When Washington, D.C., lawmakers tune into their favorite Sunday morning political shows this week, they’ll also get a dose of crypto messaging, thanks to a Coinbase (COIN) campaign that’s part of the next stage in the industry’s attempt to influence U.S.…

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Tensions Rise Between SushiSwap, Lido Over Return of Exploited Funds

Tensions between two popular decentralized financial (DeFi) projects have reached a breaking point as crypto exchange Sushiswap and Ethereum staking protocol Lido await the result of a contentious vote to return stolen crypto to Sushiswap. It’s a situation involving a multi-million…

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Ledger Recover Fiasco Exposes Gap Between Blockchain Ideals and Technical Reality

Blockchain industry executives often say they idealize “decentralization,” “self-sovereignty” and “trustlessness” – espousing a vision for a future internet and financial ecosystem free of rent-seeking intermediaries and unreliable middlemen. But time and time again, major blockchain companies and projects come up…

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Ledger’s PR Struggle Reveals Uncomfortable Trade-Offs for Crypto Storage

After a week of controversy around its new seed-recovery service, French wallet-maker Ledger has been on a PR offensive, including a Twitter Spaces event with Ledger CEO Pascal Gauthier on Tuesday afternoon and appearance by the same executive on CoinDesk TV…

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Bitcoin’s Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research

A declining correlation between bitcoin (BTC) and equities is rejuvenating the case for investors to include the asset in a more diversified portfolio, crypto market research firm K33 noted in a report. BTC’s 30-day price correlation with the tech-heavy NASDAQ index…

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Montenegro High Court Says No Bail for Terra’s Do Kwon in Fake Passport Case: Bloomberg

A Montenegro high court has annulled a decision by a lower court to release Terraform Labs co-founder Do Kwon on bail as he faces charges of attempting to travel with falsified documents, Bloomberg reported on Wednesday. The Basic Court of the…

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Bitcoin Payments Firm Strike’s Headquarters to Stay in U.S., Despite New El Salvador Office

Digital payments firm Strike has established a new headquarters in El Salvador for its international entity that could serve as a beachhead as it expands to more than 65 countries. But Strike says its primary headquarters is still in Chicago, despite…

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Crypto’s Quirky Automated Market Makers and How They Differ From TradFi Exchanges

The conceptual simplicity of cryptocurrencies drives much of the excitement and adoption of the asset class. Cryptocurrencies are, by and large: digital units of account … that store value … and that can be exchanged for other items of value. Readers…

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Crypto Security Firm Unciphered Claims Ability to Physically Hack Trezor T Wallet

A company of cybersecurity professionals who specialize in recovering lost or stolen cryptocurrency say they have found a way to hack into the popular Trezor T hardware wallet once it’s in their physical possession. Unciphered told CoinDesk in an extensive series…

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Fantom Foundation Removes $2.4M MULTI from SushiSwap Liquidity Pool

The Fantom Foundation – the team developing the Fantom blockchain – removed millions of dollars in liquidity from a trading pool for the native token of Multichain on Wednesday, compounding concerns over the cross-chain bridging protocol’s stability. According to Etherscan, a…

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Bitfinex Invests in Chilean Crypto Exchange OrionX to Expand Presence in Latin America

Crypto exchange Bitfinex has made an undisclosed investment in Chilean crypto exchange OrionX with the aim of expanding its footprint in Latin America, the company said on Tuesday. Founded in 2017, OrionX offers crypto exchange and wallet services in Chile and…

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Ava Labs Launches ‘No-Code’ Web3 Launchpad AvaCloud

Ava Labs, the company behind layer 1 blockchain Avalanche, is launching AvaCloud, a Web3 launchpad that helps businesses build no-code, fully managed blockchain ecosystems. The AvaCloud product has four main components: an automated blockchain builder, managed validators, comprehensive data tools and…

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Dispersion Capital Opens $40M Fund for Web3 Infrastructure

New crypto-focused venture capital firm Dispersion Capital has launched a $40 million fund focused on pre-seed and seed investments in Web3 infrastructure projects. Limited partners backing the fund included the venture capital arm of USDC issuer Circle, enterprise-focused crypto firm Ripple…

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