After a revolt, the Arbitrum Foundation plans to break up its controversial governance package into separate votes, including on its 750M ARB token allocation
Nothing here is intended to minimize that there was very clearly a shortfalling in communication. Danny Nelson / CoinDesk : Arbitrum's First Governance Proposal Turns Messy, With $...
After an uproar, the Arbitrum Foundation plans to break up a controversial governance package into separate votes, including on its 750M ARB token allocation
Arbitrum will hold a standalone vote on its 750 million token allocation. — Join the most important conversation in crypto …
Lending protocol Euler Finance lost $197M in a flash-loan attack, including $136M in stETH and $34M in USDC; Euler raised $32M in June 2022; EUL drops 45%+
- Euler Finance was hit by a flash-loan attack that resulted in a loss of $197 million, according to security analysts.
Changpeng Zhao seeks to reassure Binance users on USDC outflows, saying they can “withdraw any other stablecoin”; Nansen shows $1.6B in ETH outflows in 24 hours
- Binance CEO Changpeng Zhao has addressed major USD Coin outflows. — Some $1.6 billion has been withdrawn …
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement
Nikhilesh De / CoinDesk :
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement
Nikhilesh De / CoinDesk :
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement
FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request. — Crypto exchange FTX was not required …
FTX claims the company was hacked, telling users to delete FTX apps, not install app updates, and not to visit FTX.com, after $600M+ in crypto left its wallets
trustless, permissionless, uncensorable crypto—is the only path forward for the future. This week, we grieved. Next week, we build. @cz_binance : What a sh!t show... And it's going...
FTX claims the company was hacked, telling users to delete FTX apps, not install app updates, and not to visit FTX.com, after $600M+ in crypto left its wallets
trustless, permissionless, uncensorable crypto—is the only path forward for the future. This week, we grieved. Next week, we build. @cz_binance : What a sh!t show... And it's going...
The Securities Commission of The Bahamas says it didn't order FTX to reopen withdrawals for Bahamas-based customers, refuting FTX's statement
FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request. — Crypto exchange FTX was not required …
FTX claims it has been hacked, and instructs users not to install new upgrades or go to FTX.com and to delete FTX apps, after $600M+ in crypto left FTX wallets
FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.
[Thread] FTX CEO Sam Bankman-Fried apologizes, says he “fucked up” and his priority is “doing right by users”, plans to raise funds and close Alameda, and more
1) I'm sorry. That's the biggest thing. I fucked up, and should have done better.
Ethereum activates its long-awaited Merge upgrade, in development since 2020, and transactions are now being processed under proof of stake
- The Merge upgrade is transitioning Ethereum from proof of work to proof of stake. — The Merge is one of the largest technological events in the industry to date.
Sources: FTX is close to finalizing a term sheet to buy BlockFi for ~$25M and a deal could be signed by July 1; PitchBook: BlockFi was valued at $4.8B in 2021
- Crypto exchange FTX is close to finalizing a term sheet to buy BlockFi and a deal is expected to be signed by the end of this week …
After suspending withdrawals on Friday, Babel Finance says it has reached “preliminary agreements” on repayments of “some debts”, helping ease its liquidity
- Babel Finance says it has reached “preliminary agreements” with major counterparties “on the repayment period of some debts.”
Bitcoin fell to under $18K on Saturday, below its $19,511 high during its 2017 bull cycle, as ether dropped below $1K; both are down 70%+ since November 2021
what this means Robert Reich / The Guardian : The Crypto Crash: all Ponzi schemes topple eventually Hudson Lockett / Financial Times : Celsius warns it will ‘take time’ to stabilis...
Despite a cratering crypto market, many traders in Latin America still see crypto as a way to circumvent unstable or stagnant economies where they live
Caught between rocketing inflation and a cratering crypto market, many stick with Bitcoin. — • MEXICO CITY, MEXICO
Bitcoin fell to under $18K on Sat., below the high of $19,511 it hit during its last bull cycle in 2017, as ether dropped below $1K, both down 70%+ since Nov.
Bitcoin plunged through several closely watched price levels to the lowest since late 2020 as evidence of deepening stress within …
Bitcoin falls by 6%+ to below $20,000 for the first time since December 2020, the twelfth straight day of decline, as ether briefly dropped below $1,000
Bitcoin dropped below $20,000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling …
Do Kwon's proposal to relaunch the Terra blockchain passes with 65.5% of the governance vote; the network will go live on Friday without the UST stablecoin
Quick Take — Do Kwon's proposal to relaunch the Terra blockchain has passed. — In total, 65.5% of votes supported the proposal.