Year: 2023

Jupiter, a decentralized exchange (DEX) aggregator built on the Solana (SOL) blockchain, has initiated the process for claiming its JUP token airdrop. The airdrop is structured to distribute 40% of the total JUP token supply, equivalent to four billion tokens out of the total 10 billion. The distribution plan unfolds in four phases, as outlined…

HEADLINE SUMMARY: Platypus Finance Hack Suspects Acquitted by French Court Due to Smart Contract Technicality DETAILS: In February 2023, the individuals behind the $8.5 million hack of Platypus Finance on the Avalanche network were cleared of criminal charges by a French court. The court ruled that their use of a flawed smart contract did not…

Utah’s top judge threatens SEC lawyers with sanctions over ‘misrepresentations’ in crypto case The Securities and Exchange Commission (SEC) has been ordered by Utah’s top federal judge to explain statements made over the course of its efforts to implement and maintain a temporary restraining order (TRO) against crypto firm DEBT Box , a new court…

QUICK TAKEThe Arbitrum DAO has approved a $23.54 million one-time “backfund” to support 26 projects that missed out on its initial round of grant funding.The initiative, which passed with two-thirds voting in favor, aims to develop and incentivize the use of the projects’ applications on the Ethereum Layer 2 network. The Arbitrum DAO has voted…

Ark Invest sold another 37,377 Coinbase shares yesterday — worth $4.7 million — following the $5.3 million and $4.9 million COIN stock it sold on Monday and Wednesday, respectively.Ark’s latest Coinbase share sales come at a time when COIN is trading at its highest level in 18 months. Cathie Wood’s Ark Invest sold another $4.7…

QUICK TAKEThe Starknet Foundation addressed speculations about an upcoming airdrop after screenshots circulated on social media.The foundation emphasized that the screenshots showed draft plans still under development.It clarified that the eligibility cutoff date for the airdrop has been set, and no further user actions can affect this. The Starknet Foundation, the organization behind the Ethereum…

Crypto startup MoonPay has named former Coinbase and Andreessen Horowitz (a16z) executive Mike Lempres to its board of directors as regulatory scrutiny intensifies in the United States. Lempres has joined MoonPay USA LLC’s board, a wholly owned subsidiary of MoonPay’s parent company MoonPay Inc., the company said Thursday. Lempres was previously Coinbase’s chief policy officer…

The open interest in bitcoin long futures held by asset managers on the Chicago Mercantile Exchange (CME), has reached an all-time high. Open interest of CME bitcoin long futures by asset managers increased from $1.04 billion at the end of October, to a current value of $1.98 billion, according to The Block’s Data Dashboard. The…

Chipper Cash co-founder Ham Serunjogi topped the Forbes “30 Under 30” list of finance professionals for North America this year.Fourteen slots were occupied with people who have ties to crypto or blockchain.While down from the number of leaders and founders celebrated during the last crypto bull run, Forbes did not shy away from honoring crypto…

The Treasury Department sent recommendations to lawmakers, including one that calls for new sanctions tools to fight bad actors in crypto, according to prepared remarks from Deputy Treasury Secretary Wally Adeyemo ahead of the Blockchain Association’s Policy Summit. The U.S. Treasury Department is asking Congress to give it more authority to go after illicit actors…