Australian watchdog files lawsuit against ASX over misrepresenting $165 million blockchain project

Australia’s Securities and Investments Commission (ASIC) has filed a lawsuit against the Australia Securities Exchange (ASX) Ltd., accusing it of misleading statements about its blockchain trade settlement project, according to an Aug.... Read more »

3AC liquidators file lawsuit against Terraform Labs seeking $1.3 billion in damages

Three Arrows Capital (3AC) liquidators have filed a lawsuit against Terraform Labs, seeking $1.3 billion in damages for TerraLUNA’s collapse. The legal action, filed on Aug. 12, claims that Terraform Labs manipulated... Read more »

BitGo moves $2 billion in Bitcoin, marking progress in Mt. Gox repayments

Blockchain analytical firm Arkham Intelligence reported that crypto custodial service provider BitGo moved $2 billion of Mt. Gox’s Bitcoin to a new wallet, “bc1qpn,” according to an Aug. 13 post on X.... Read more »

SunPump Beta Launches on TRON, Driving Innovation in Meme Coin Development

Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Singapore, August 13, 2024 – SUN.io, a leading DeFi platform on TRON, is... Read more »

Euler allocates $4 million for v2 protocol security, conducts 29 audits

DeFi lending protocol Euler has announced the completion of a comprehensive security process for its upcoming Euler v2 protocol, which involved a $4 million investment allocated by Euler DAO. This substantial budget... Read more »

PYUSD market cap rises 150% following Solana launch

PayPal USD (PYUSD) market cap leaped by 150% since its expansion to Solana on May 29, with the stablecoin’s total value now sitting at $684 million, based on DefiLlama data. Notably, the... Read more »

Tether calls Celsius’ lawsuit “baseless” in response to Bitcoin liquidation dispute

Tether Limited, the issuer of the largest stablecoin USDT, has strongly dismissed a lawsuit filed by Celsius Network Limited. In a press release on Saturday, Tether accused the defunct crypto lender of... Read more »

Tyler Winklevoss criticizes the Fed’s crackdown on Customers Bank

Crypto exchange Gemini co-founder Tyler Winklevoss called the “reset” of the crypto stance of Vice President Kamala Harris a “scam” in an X post on Friday, amid the Federal Reserve’s crackdown. Winklevoss’... Read more »

California’s Santa Monica city launches Bitcoin office to bolster adoption

The City of Santa Monica has officially launched a Bitcoin Office to enhance education and explore economic opportunities related to Bitcoin, further positioning itself as a leader in crypto innovation. The initiative,... Read more »

Bitcoin’s Spent Output Profit Ratio shows volatility amid post-halving corrections

Onchain Highlights DEFINITION: The Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price... Read more »