The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 28-April 3.
Category: Ethereum
The Munchables Hack Is Way Worse Than It Seems
Apparently orchestrated from North Korea, the $63 million hack adds grist to the argument that crypto exploits pose a plausible national security risk.
Layer-2 Blockchain Mantle’s Token Hits All-Time High as Reward System Goes Live
The rally in the MNT token pushed the market cap of the blockchain to over $4 billion.
BOB, a ‘Hybrid’ Layer-2 Blockchain Mixing Bitcoin and Ethereum, Raises $10M
The round was led by Castle Island Ventures and included participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management.
Ethereum tokens lead KuCoin’s $500 million withdrawal spike post US charges
Embattled crypto exchange KuCoin endured a surge in withdrawal requests the past day after the US authorities levied criminal charges against the platform. Data from various on-chain analytics firms, including DefiLlama, Nansen , and SpotOnChain, showed a surge in withdrawals across multiple categories of traders, including whales, funds, smart money, and market makers. On March… Continue reading Ethereum tokens lead KuCoin’s $500 million withdrawal spike post US charges
House Republicans Demand SEC Explain What’s Up With Crypto Platform Prometheum
As Prometheum Inc. nears an unprecedented moment in U.S. crypto history by beginning a custody operation that intends to hold customers’ Ethereum tokens {{ETH}}, the industry’s friends in Congress are demanding the Securities and Exchange Commission (SEC) explain what it means to do about this first U.S. special purpose broker-dealer (SPBD) for digital assets.
Grayscale executive sees path to Ethereum ETF approval despite SEC silence
Craig Salm, the Chief Legal Officer at Grayscale , suggested that the US SEC’s “perceived lack of engagement” with spot Ethereum exchange-traded funds (ETFs) applicants wouldn’t be a decisive factor that would hinder the prospects of such products. In a March 25 post on X (formerly Twitter), Salm said the Ethereum ETFs would be approved… Continue reading Grayscale executive sees path to Ethereum ETF approval despite SEC silence
Last week’s market correction spurred $942 million outflow from investment products
Crypto-related investment products experienced a downturn after a streak of record inflows, with a total outflow of $942 million reported last week, according to CoinShares ‘ latest weekly report . This marks the first instance of outflows in the past eight weeks, signaling the conclusion of an impressive seven-week inflow totaling $12.3 billion . Market… Continue reading Last week’s market correction spurred $942 million outflow from investment products
BlackRock Seeing Only ‘A Little Bit’ Demand for Ethereum from Clients, Says Head of Digital Assets
Robert Mitchnick, the asset manager’s head of digital assets, said that there’s a misconception that BlackRock will have a “long tail” of other services within crypto.
North Korean Lazarus group funnels over $100 million in Ethereum through sanctioned mixer Tornado Cash in 8 days
North Korea-backed Lazarus group has stepped up their use of sanctioned crypto mixer Tornado Cash , moving over $100 million worth of Ethereum through the platform in the past week. According to blockchain security firm PeckShield , addresses linked to the exploiters of Justin Sun -linked HTX exchange and Heco Bridge have transferred 40,391 ETH, equivalent… Continue reading North Korean Lazarus group funnels over $100 million in Ethereum through sanctioned mixer Tornado Cash in 8 days