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New York City-headquartered blockchain startup Monad Labs is seeking $200 million to build the scalable smart contract distributed ledger.

Monad Labs reportedly in talks with Paradigm to raise $200m for ‘Ethereum killer’

Monad Labs, a blockchain startup founded by former Jump Trading staff, is reportedly aiming to secure $200 million in funding and is already in talks with crypto venture firm Para...

6 months ago

Crypto Firm Allegedly Transfers $4.2m To Sanctioned Russian Arms Dealer

Crypto Firm Copper Allegedly Sent $4.2M to Sanctioned Russian Arms Dealer’s Wallet

UK-based crypto firm Copper Technologies reportedly transferred digital assets totaling more than $4.2m to a wallet associated with a Russian arms dealer. Subsequently, the individual faced US s...

6 months ago

Institutions representing “trillions of dollars” in assets are expected to buy into spot Bitcoin ETFs by June this year, says Bitwise’s Matt Hougan.

Large corporations, major wirehouses gearing up to buy Bitcoin

Institutions representing “trillions of dollars in assets” are preparing to buy into spot Bitcoin exchange-traded funds (ETFs) by the end of June, said crypto-native ...

6 months ago

According to data from BitMEX, BlackRock’s IBIT now has nearly 198,000 BTC, outpacing MicroStrategy’s holdings.

BlackRock Bitcoin ETF now holds more BTC than MicroStrategy

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has outpaced MicroStrategy’s holdings of the cryptocurrency. According to data compiled by BitMEX Resear...

6 months ago

An Arbitrum spokesperson confirmed that the proposal to fund Tornado Cash developers’ legal defense had been deleted at the author’s request.

Arbitrum DAO removes proposal to fund Tornado Cash devs’ legal bills

The Arbitrum DAO has removed a proposal seeking to fund the legal defense costs of Tornado Cash’s developers. The proposal sought to allocate nearly $1.3 million worth...

6 months ago

Social media users wonder if the display marks “cycle top” behavior.

Dogwifhat Community Plan to Put the Meme on the Vegas Sphere

Dogwifhat community members are raising $650,000 to put the meme on the Vegas Sphere. Such behavior may mark a local top, some say, but the donation address...

6 months ago

Mudrex is a Y-Combinator-backed, California-headquartered entity with a subsidiary registered with the Intelligence Unit of India.

Indian Crypto Investment Platform Mudrex to Offer U.S. Bitcoin ETFs to Indian Investors

Indian cryptocurrency investment platform Mudrex is now offering U.S. spot-bitcoin exchange-traded funds (ETFs) to Indian investors. Mudrex will initially l...

6 months ago

Bitcoin Spot ETFs See Consistent Inflows

Hong Kong Financial Institutions Eye Ethereum ETFs to Bolster Global Crypto Market Position

In the wake of the successful launch of Bitcoin spot ETFs in the United States, financial institutions in Hong Kong are gearing up to tap into the growing demand for cryptocurrency investment pr...

6 months ago

Proposed MakerDAO Rate System Adjustment

MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns

Facing unprecedented market volatility and a significant reduction in reserves, BA Labs has proposed an emergency rate adjustment within the MakerDAO community forum. In an effort...

6 months ago

The United States and South Korea have been fighting for Kwon’s extradition since he was arrested in March 2023.

US prosecutors to continue tussle for Do Kwon’s extradition: Report

United States prosecutors will contest the latest Montenegrin high court ruling that has placed Terraform Labs’ Do Kwon headed for South Korea extradition. The U.S. Dep...

6 months ago