Cetus Protocol Relaunches After $223M DeFi Exploit, Restores Up to 99% Liquidity
Cetus Protocol Relaunches After $223M DeFi Exploit, Restores Up to 99% Liquidity
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Cetus Protocol Relaunches After $223M DeFi Exploit, Restores Up to 99% Liquidity
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DeFi Dev Corp continues to execute its stated strategy, using remaining capital from its equity financing to methodically increase its SOL position irrespective of short-term price fluctuations. Summary DeFi Dev Corp acquired 86,307 SOL at $110.91 each, boosting its treasury to $426 million in Solana and SOL equivalents. The Nasdaq-listed firm continues deploying equity financing…
Early Riders, a Bitcoin-focused venture fund, has launched The Stables, an accelerator program in Texas Hill Country to support Bitcoin start-ups worldwide. The program offers 2-5 BTC in funding, a four-week residency and access to Bitcoin developers and operators, targeting start-ups with market-ready solutions in financial services and technology. Michael Tanguma, founder of Early Riders…
Louisiana now allows residents to use Bitcoin and USDC to pay state agencies, starting with the Department of Wildlife and Fisheries, facilitated by Bead Pay. Crypto payments will be converted to US dollars at the time of transaction, protecting the state from cryptocurrency volatility. The initiative follows a bill signed in June 2024, which supports…
Bitfinex, one of the largest cryptocurrency platforms in the world, has unveiled a new record of Ethereum ($ETH) of 2.88M as a settlement layer. The hidden purpose is to discuss the scalability and efficient handling capacity of Ethereum for 2.88M volume of daily transactions with a predicted low fee. The transaction-fee always matters a lot…
..aaaand, we’re back at it again — a misbehaving bitcoin price. Sunday evening bitcoin flash-crash dipped a red candle the size of Jupiter; and more eerily, it kept dropping down on Monday morning, touching below $111,000. Now, around here in the land of bitcoin price therapy, we say that nobody knows why prices move. But…
In brief Acting Chair Caroline Pham says CFTC can regulate spot crypto through current DCM authority, sidestepping new legislation. The proposal seeks public comment by Aug. 18 and is part of the agency’s broader digital asset push. Some caution the plan may clash with SEC rules and fail to resolve crypto’s security-versus-commodity status. The CFTC…