Latest news from the Web3 ecosystem
Financial giant Jane Street has vehemently refuted claims of insider trading that allegedly contributed to the rapid downfall of Terraform Labs in 2022. The firm calls the accusations 'baseless'.
Bitcoin's price has dropped below the $63,000 mark, extending recent downward momentum. Historical analysis indicates potential for further price decreases before a market bottom is established.
A recent analysis highlights the potential for AI agents to create 'Ghost GDP,' output that doesn't circulate in the real economy, raising concerns for software and payment sectors.
A Terraform Labs administrator has alleged that financial firm Jane Street engaged in insider trading, claiming this activity exacerbated the collapse of the now-defunct crypto company. The administrator pointed to specific communications and trading actions as evidence.
Tether-backed Bit2Me has obtained an EU MiCA license and is set to expand its operations across Portugal, Italy, France, and Germany, signaling a strategic pivot towards institutional clients.
Binance has experienced a significant decrease in its stablecoin reserves, dropping by over 18% since November. This decline reflects broader trends in crypto liquidity.
The US Federal Reserve is soliciting public feedback on a proposal that may signal an end to the practice of "Operation Chokepoint 2.0," which has led to financial institutions severing ties with crypto businesses.
Michael Selig, formerly Chief Counsel for the SEC's Crypto Task Force and a Chainlink executive, has returned to the agency in a new leadership role.
Following a significant $27 million exploit in January, three Solana-based decentralized finance platforms, including Step Finance, are ceasing operations due to the inability to recover.
Exolix's upcoming initial public offering includes a significant stakeholder reward program, earmarking 20% of the company's equity for its token holders.
Anticipation is building in the crypto community as onchain investigator ZachXBT hints at an exposé concerning insider trading in a highly profitable crypto venture. This has sparked movement among traders.
Spot Bitcoin ETFs have experienced four consecutive months of net outflows, resulting in a significant reduction in held Bitcoin. This trend raises questions about current institutional demand.