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The exploiter who stole 20 million Optimism (OP) tokens from crypto market maker Wintermute has returned 17 million of those coins to the Optimism contract address.
More info: https://bit.ly/3xdhApW
According to U.S. Treasury Secretary Janet Yellen, cryptocurrency assets are "very risky" options to include in the retirement plans of regular savers, and Congress should act to address the risk.
Yellen made this remark in response to a question about Fidelity Investments' recent announcement that it would include a cryptocurrency option in the workplace retirement plans it oversees.
More info: https://bit.ly/3MIX0n0
New York’s financial services regulator has issued new guidance on stablecoins, laying out its expectations from issuers operating in the state.
Stablecoins are to be fully backed by a reserve of assets equal to the face value of each stablecoin unit while remaining ready for redemption for US dollars at all times.
More info: https://bit.ly/3xDC7W4
On June 9, Raj Dhamodharan, an executive vice president at the Mastercard, said it had partnered with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and MoonPay to enable NFT commerce.
More info: https://bit.ly/3QoRr0e
Achieva Credit Union launched on June 7 a new app offering crypto-related services, including selling and purchasing Bitcoin (BTC), according to a Tampa Bay Times report on June 8.
Introducing this app will make Achieva the first credit union in Florida to make such a move.
More info: https://bit.ly/3zsoASp
Tether, the issuer of the world’s largest stablecoin, has announced the launch of USDT on the Tezos blockchain, thus expanding the number of networks supporting the asset to 12.
More info: https://bit.ly/3NCBx0p
Three-quarters of United States retailers plan to accept crypto or stablecoin payments within the next two years, according to a new survey published by Deloitte.
More info: https://bit.ly/3zsCEvw
Mike Novogratz, the CEO of crypto investment firm Galaxy Digital and former hedge fund manager, believes that the majority of hedge funds that invest in digital currencies will fail due to the current market decline.
“Volume will go down, hedge funds will have to restructure. There are literally 1,900 crypto hedge funds. My guess is two thirds will go out of business.”
More info: https://bit.ly/3aNk32Y
Osmosis, a decentralized exchange (DEX) built on the Cosmos network, was halted just before 3:00 am EST on Wednesday after attackers exploited a liquidity provider (LP) bug to the tune of roughly $5 million.
After admitting to “stressing through the night” about the event, they decided to voluntarily return the funds and “set things straight.”
More info: https://bit.ly/3mP0lql
Developers merged Ropsten’s proof-of-work chain with its proof-of-stake beacon chain on Wednesday afternoon. The goal of the testnet merge was to prepare for Ethereum’s mainnet merge, set to take place sometime later this year.
More info: https://bit.ly/3Q9d2cR
Ethereum’s (ETH) total value locked in DeFi shrank by 35% in May to $73 billion amid the bearish market sentiment around Terra’s crash, according to data from a DappRadar report shared with Finbold on June 8.
More info: https://bit.ly/39hsa7p
Major cryptocurrency exchanges in South Korea have delisted Litecoin (LTC) weeks after flagging its privacy-focused MimbleWimble (MWEB) upgrade.
More info: https://bit.ly/3O311DO
Two weeks after Terra’s ecosystem restarted through LUNA 2.0 airdrop, the coin has seen its value plummet to new lows after its price dropped by 77%. According to Coingecko data, the coin is currently trading for $3.48.
More info: https://bit.ly/3Nyxv95
After a critical bug in its liquidity pools led to an estimated $5 million exploit, the core development team and the network validators stopped the chain at block #4713064.
More info: https://bit.ly/3NwfSad
Payments firm PayPal has rolled out new functionalities for users of its crypto app.
The changes, announced this morning, allow users to transfer crypto between PayPal and other wallets, and come in response to customer demand.
More info: https://bit.ly/3MnQZfj
The legal troubles around Terraform Labs, the company behind the collapsed Terra (LUNA) ecosystem, are deepening after South Korean authorities launched investigations into one of the firm’s employees over alleged Bitcoin embezzlement.
More info: https://bit.ly/3MpBWlw
The partnership focuses primarily on optimizing the exchange of cryptocurrencies for fiat money. To solve this task, Ripple's Liquidity Hub will be used. This platform was developed by the Ripple team to simplify cryptocurrency adoption.
More info: https://bit.ly/3NuHgVO
The 600-page copy of the leaked bill highlights some of the key areas of concern for regulators including decentralized finance (DeFi), stablecoins, decentralized autonomous organizations (DAOs) and crypto exchanges.
More info: https://bit.ly/3MuhlMK