Crypto market braces for $875M token unlocks in June

May 31, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Nearly $875 million in crypto tokens from projects like Aptos, Arbitrum, Starknet and Sui will be unlocked in June as vesting periods end.

There's a firm sense of "altseason" across crypto markets Thursday, with one analyst calling the next phase of a "super bull cycle." 778 Total views 28 Total shares Cardano’s ADA token surged to new all-time highs on Sep. 2 as an altcoin comeback gripped cryptocurrency markets.ADA/USD 1-day candle chart (Binance). Source: TradingViewCardano joins Ethereum in…

Central banks want to look under crypto’s hood — Is this a positive sign?

The Bank for International Settlements’ (BIS) Project Atlas report offers yet another indication that the worlds of crypto and traditional finance may be converging.On the surface, this proof-of-concept project backed by some of Europe’s biggest central banks — like German central bank Deutsche Bundesbank and Dutch central bank De Nederlandsche Bank — seems modest enough:

NFTPs hitting bottom? Charmin joins in on the latest crypto craze

Who knew we'd still be competing to buy toilet paper in 2021? 4399 Total views 14 Total shares The non-fungible token market isn’t limited to digital sports collectibles and art connoisseurs — big brand names are getting in on the action too.Toilet paper manufacturer Charmin listed five different versions of its non-fungible toilet paper, or…

Chip Manufacturer Cuts Revenue Forecast Due to Weak Demand for Crypto Miners, Again

Taiwan Semiconductor Manufacturing Co. (TSMC), a leading producer of microchips, has decreased its annual revenue and capital expenditure estimates following growth rate reduction in the smartphone and cryptocurrency mining fields, Business Times reported July 19. TSMC produces chips for tech giants like Nvidia Corp., Apple Inc., and Qualcomm Inc. TSMC cut its revenue growth forecast…

Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea

Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region. The “long waves” of TerraUSD’s May 7 collapse, which we noted two newsletters ago, are extending even further. Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region. A Chinese state-owned media outlet, the Economic Daily…

Judge will consider whether to try Sam Bankman-Fried separately for superseding charges: Report

Prosecutors said they were prepared to try SBF on his original eight-count indictment starting in October, with the remaining five charges to be decided by Judge Lewis Kaplan. 450 Total views 2 Total shares A United States federal judge is reportedly weighing a proposal to split former FTX CEO Sam Bankman-Fried’s (SBF) criminal charges into…

Hacker returns stolen funds to Tender.fi, gets $97K bounty reward

The bounty, which was offered via an on-chain message, was about $97,000, or 6% of the exploit amount. 265 Total views 13 Total shares Own this piece of history Collect this article as an NFTThe hacker behind the exploit of the decentralized finance lending platform Tender.fi has returned the stolen funds for a $97,000 bounty…

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Key takeaways from the Golden Boys’ attack on Compound DAO

A group of Compound DAO members called the "Golden Boys" won a narrow vote to manage 5 percent of the DAO treasury on members’ behalf. Here’s what we can learn.

JPM Coin handles over $1B in daily transactions — JPMorgan exec

The volume represents a massive surge since the latest update in June, with the company saying that $300 million was transacted in the three years since JPM Coin’s launch. 511 Total views 4 Total shares Takis Georgakopoulos, the global head of payments at JPMorgan, has revealed that the company processes over $1 billion in daily transactions

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