Finance
Investor appetite for crypto investment products hit a new gear last week, drawing in $3.3 billion in inflows, according to a new report from digital asset manager CoinShares. The surge pushes year-to-date (YTD) inflows to $10.5 billion—surpassing the previous annual record of $7.5 billion and signaling
DeFi
Alpaca Finance, a once-popular decentralized finance (DeFi) protocol known for offering leveraged yield farming, announced it will be shutting down all operations in the coming weeks. The decision follows the recent delisting of its native ALPACA token by major cryptocurrency exchange Binance. In a public statement shared Monday on X
Regulation
South Korea’s Democratic Party is urging the government to move quickly on launching a stablecoin backed by the Korean won (KRW), hoping to secure a leading role in the global digital asset race before U.S. regulations dominate the landscape. According to a report from local news outlet Edaily,
Regulation
As U.S. lawmakers inch closer to passing legislation on stablecoins, Tether—the world’s largest stablecoin issuer—says it’s not making the U.S. a top priority. Despite movement on Capitol Hill, the company is turning its attention elsewhere, citing regulatory uncertainty and a stronger demand for digital
DeFi
A post-mortem investigation into the massive $223 million hack of the Cetus Protocol has revealed a critical overflow bug at the heart of the exploit. According to blockchain security firm Dedaub, the flaw stemmed from a vulnerability in Cetus’s automated market maker (AMM) logic that allowed an attacker to
Cryptocurrency
High-profile memecoin trader James Wynn is once again making waves in the crypto space—this time with a bold 10x leveraged long position on PEPE. The move signals his confidence in a fresh bullish leg for the token, which is already up nearly 90% this month. Wynn, known for his
Markets
Investor interest in digital assets continues to surge in 2024, with year-to-date inflows hitting an all-time high of $10.8 billion, according to CoinShares’ latest report. The milestone comes as Bitcoin reached a new peak of $111,814 last week, reinforcing momentum across the crypto market. Digital asset investment products
Markets
Bitcoin rebounded to $109,000 on Monday after a turbulent week, gaining back some ground following President Donald Trump’s decision to delay a major tariff deadline with the European Union. The move, aimed at allowing more time for trade talks, has eased pressure across global markets, giving both cryptocurrencies
Security
Coinbase is facing a class action lawsuit from shareholders who allege the cryptocurrency exchange failed to promptly disclose key information, including a serious data breach and a regulatory violation involving its UK subsidiary. The suit, filed in the U.S. District Court for the Eastern District of Pennsylvania, claims the
DeFi
A proposed $27 million merger between decentralized finance (DeFi) platforms Synthetix and Derive has been officially called off. The decision comes after critical community feedback and internal reassessments led both parties to mutually withdraw the acquisition proposals. Initially announced in mid-May, the deal outlined a plan for Synthetix to acquire
Markets
In a rapid ascent rarely seen in the crypto space, Axiom—a trading platform built on the Solana ecosystem—has crossed $100 million in revenue less than four months after its public debut. Launched in early-access mode in late January and opening more broadly in mid-February, Axiom is now among
Cryptocurrency
Dogecoin’s signature Shiba Inu is back in the spotlight—this time on one of the world’s biggest racing stages. At this year’s Indianapolis 500, Devlin DeFrancesco’s IndyCar will sport a bold, Dogecoin-themed design, thanks to a unique collaboration aimed at both fan engagement and real-world impact.