Former BitMEX CEO Arthur Hayes amassed $995,000 value of Ethena (ENA) tokens over 48 hours forward of Hyperliquid’s essential USDH stablecoin validator vote scheduled for September 14. His aggressive shopping for spree included 578,956 ENA tokens value $473,000 within the closing buy, bringing whole holdings to five.02 million tokens valued at $3.91 million. Arthur Hayes…
LINEA, the native token of the Layer 2 community Linea, has seen its worth dip almost 30% since launching yesterday. Heavy promoting stress from the airdrop might be behind the sharp decline. Such preliminary turbulence is widespread after token launches, reflecting short-term speculative dynamics. Why is LINEA Token Price Dropping? For context, Linea is a…
The joint liquidators of defunct hedge fund Three Arrows Capital (3AC) have formally moved to subpoena former FTX CEO Sam Bankman-Fried, ex-Alameda CEO Caroline Ellison, and former FTX govt Ryne Miller Salame, over allegations involving over $1.5 billion in unlawful asset liquidations. Key Takeaways: 3AC’s liquidators have subpoenaed SBF, Ellison, and Salame over alleged $1.5B…
Avalanche Foundation is reportedly planning to elevate roughly $1 billion through two cryptocurrency-hoarding automobiles within the US. The Financial Times reported Thursday that the non-profit group is in talks with buyers to set up two AVAX reserve firms. Sources acquainted with the matter advised the publication that the funds raised can be used to buy…
Figure Technology Solutions Inc., a blockchain-focused lending platform, pulled off a significant win on Wall Street, elevating $787.5 million in its preliminary public providing. Key Takeaways: Figure raised $787.5 million in its IPO, pricing shares above the anticipated vary. The firm has facilitated over $16 billion in blockchain-based loans and turned worthwhile in 2025. Strong…
Polygon has restored full community stability after a software program bug briefly disrupted milestone finality and compelled some nodes offline, based on an official incident report printed on the challenge’s standing web page. The issue began early Wednesday when a bug affecting Bor, Polygon’s block producer, and Erigon, its information entry layer, induced disruptions throughout…
Key Takeaways: Eightco raised $270 million to purchase Worldcoin as its foremost treasury asset, with Ethereum and money as secondary holdings. Institutional backers embody Kraken, Pantera, GSR, and Brevan Howard, indicating rising curiosity in identity-linked digital property. Dan Ives joins as Chairman, calling Proof of Human a core element for belief in an AI-driven economic…
A Hamilton man already infamous for orchestrating one of many largest crypto thefts in Canadian historical past has been sentenced to a different yr behind bars in the US for a separate $1 million rip-off. Key Takeaways: The Canadian behind a report $48M crypto theft has been jailed once more in the US for a…
Matt Hougan, Chief Investment Officer at Bitwise Asset Management, is looking out US banks for complaining about stablecoin competitors as an alternative of providing higher returns to their prospects. Key Takeaways: Bitwise CIO Matt Hougan says banks ought to elevate deposit charges as an alternative of blaming stablecoins. He argues stablecoins gained’t kill lending, however…
Paxos Labs has launched a revamped proposal to issue Hyperliquid’s forthcoming USDH stablecoin, placing ahead a world technique that features a main integration with PayPal. Key Takeaways: Paxos plans to combine USDH with PayPal and Venmo, enabling seamless funds and zero-cost on/off-ramps. All income from USDH will probably be reinvested till $1B TVL, with Paxos…