Do Kwon Is Wanted in 195 Countries. What Happens Next?

Key Takeaways Do Kwon has been added to Interpol’s red notice list, Korean prosecutors have said. Prosecutors want to speak to Kwon and five other associates for alleged violation of capital markets... Read more »

Terra Classic Soars as Binance Appeases Crypto’s Lunatics

Key Takeaways Terra Classic’s LUNC token is up 35% today. The surge follows an announcement from Binance, detailing a plan to burn LUNC trading fees. Terra Classic introduced a 1.2% burn tax... Read more »

CFTC Is Suing a DAO. Here’s Why DeFi Users Should Be Alarmed

Key Takeaways The CFTC has filed a lawsuit against the decentralized autonomous organization behind the Ooki Protocol, Ooki DAO, for allegedly running an illegal derivatives trading platform. The lawsuit marks the first... Read more »

The Dollar Is at a 20-Year High. That’s Bad News for Bitcoin

Key Takeaways The dollar index has jumped to 20-year highs above 112 thanks to the Federal Reserve’s economic tightening policy. While the dollar is soaring, Bitcoin and other cryptocurrencies are struggling due... Read more »

Wintermute Loses $160M in Latest DeFi Hack

Key Takeaways Wintermute has been hacked for $160 million. The hackers targeted the firm’s DeFi operations. Its centralized activity and over-the-counter services are unaffected. Wintermute founder and CEO Evgeny Gaevoy has said... Read more »

Algorand Is Outperforming After a 15% Jump. Here’s Why

Key Takeaways Algorand has rallied 15% after revealing its appointment of Michele Quintaglie as its new Chief Marketing Officer. Quintaglie boasts experience at some of the world’s top firms, including Visa, Fidelity,... Read more »

Fed Hikes Rates by Another 75 Basis Points

Key Takeaways The Federal Reserve has increased interest rates by another 75 basis points. The U.S. central bank’s funds rate is now 3% to 3.25%. As the Fed remains committed to curbing... Read more »

Could the New House Stablecoin Bill Kill FRAX and DAI?

Key Takeaways U.S. lawmakers are reportedly drafting a bill to place a two-year ban on certain stablecoins. The House Stablecoin Bill would target “endogenously collateralized stablecoins.” The new bill could impact decentralized... Read more »

Is Bitcoin’s Biggest Bull Getting Cold Feet?

Key Takeaways MicroStrategy has acquired an additional 301 Bitcoin at a purchase price of around $6 million, bringing its total holdings to roughly 130,000 Bitcoin. The latest purchase is significantly smaller than... Read more »

Which Ethereum Layer 2 Will Be Next to Airdrop a Token?

Key Takeaways Several Ethereum Layer 2 projects could soon launch their own native tokens. Arbitrum, StarkNet and zkSync have all hinted that launching their own token may be necessary to help them... Read more »