A flood of institutional capital into U.S. spot Bitcoin ETFs helped Bitcoin push past all-time highs multiple times, as net inflows surged 250% week-on-week. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $2.72 billion in net inflows last week, a 250% surge from the prior week’s inflows of nearly $770 million. The…
Italian luxury brand Dolce & Gabbana has secured a crucial win in a class-action lawsuit that alleges the brand failed to deliver promised benefits tied to its $25 million DGFamily NFT project. Court documents published on July 11 reveal that a New York federal judge has dismissed the case against Dolce & Gabbana USA Inc.,…
Bank of England governor and cryptocurrency skeptic Andrew Bailey has advised banks to avoid issuing stablecoins. According to Bailey, stablecoins pose systemic risks to financial stability and threaten the very nature of money if not properly regulated. He warned that stablecoins lack the protections and guarantees offered by traditional bank deposits and could remove money…
Andrew Leone and Joe Clark built some of DeFi’s most groundbreaking derivatives. Now, they’re taking that expertise to Coinbase, and the implications for onchain markets could be massive. On July 11, crypto exchange Coinbase announced it had poached Opyn’s core leadership team, including CEO Andrew Leone and Head of Research Joe Clark, in a talent-focused…
Europe’s securities watchdog ESMA has warned crypto companies not to falsely promote their MiCA-regulated status to avoid misleading investors. The European Securities and Markets Authority issued a warning to crypto companies on Friday, urging them not to use their regulated status under the EU’s MiCA framework, as a promotional tool, as initially reported by Reuters….
The cyber attacker who looted millions from GMX’s V1 GLP pool earlier this week has turned a new leaf, and the stolen funds are now making their way back. According to on-chain movements flagged by PeckShield Alert, the GMX hacker has returned a total $37.5 million worth of the stolen assets to the protocol. Made…
Grayscale expanded its list of digital assets under review for future investment products, adding 28 new tokens across multiple sectors in its Crypto Sectors framework. Crypto asset manager Grayscale has recently updated its list of digital assets under consideration for future investment products as part of its quarterly review, adding 28 new tokens organized by…
Caldera, a leading rollup-as-a-servive platform, is launching its native token, ERA, along with a community airdrop that opens a new chapter in the project’s mission. According to a July 10 announcement, the Caldera Foundation has begun the pre-claim phase for the airdrop, which will allocate 7% of the total ERA token supply to early supporters…
SEI is showing renewed strength after confirming a breakout from an inverse head and shoulders pattern. According to data from crypto.news, Sei (SEI) surged over 26% on July 11 to reach a six-month high of $0.33, before settling at $0.32. The token remains up approximately 113% from its lows last month. Its market capitalization now…
Researchers at cybersecurity company Darktrace have warned that threat actors are using increasingly sophisticated social engineering tactics to infect victims with crypto-stealing malware. In its latest blog, Darktrace researchers detailed an elaborate campaign in which scammers were found to be impersonating AI, gaming, and Web3 startups to trick users into downloading malicious software. The scheme…
