Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined
Uniswap’s founder burned $650 billion of HayCoin, amounting to 99% of the token’s supply. Go to Source
Cryptocurrencies
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SBF grilled in court on deleted messages during testimony
The disgraced crypto executive claimed that he merely acted on various lapses in the company’s data retention policy. Go to Source
Crypto reshapes the American dream for younger generations: Report
Young Americans are actively exploring fresh economic prospects independent of an obsolete financial system supported by sluggish institutions, according to a Coinbase report. Go to Source
Gary Gensler teases details of SEC’s $5 billion take from enforcement actions, shades crypto
Gensler revealed that the SEC took 780 enforcement actions, including 500 standalone cases, and distributed $930 million to harmed investors. Go to Source
Pro-Ripple lawyer predicts prolonged legal battle, hints at settlement factors
John Deaton says there has not been “a single serious conversation” about a potential settlement between Ripple, Brad Garlinghouse, Chris Larsen and the SEC. Go to Source
Bitcoin dominance hits 54% — Highest in 2.5 years as BTC halving approaches
BTC market dominance hovered around 80% during the 2017 bull market but slumped to the 50%–60% range during the 2021 bull market, at times even dipping below 50%. Go to Source
Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K
A surge in CME BTC volumes and open interest highlight institutional investors’ growing interest in Bitcoin. Will it be enough to keep the price in the current range? Go to Source
Bitcoin price surge sees significant asset outflow on crypto exchanges
The outflow of assets from the crypto exchanges is considered a bullish sign as it indicates traders are moving their assets away from exchanges in anticipation of a price surge. Go to Source
Bitcoin price trades near key $31.7K pivot point — Can BTC bulls keep up the volume?
Bitcoin started the week with a bang, but the real question is, what is driving the move and is it sustainable? Go to Source
Lower-middle income countries lead in crypto adoption, but not volume: Chainalysis
Usage is down, but the future of crypto looks bright thanks to adoption in up-and-coming economies, according to Chainalysis. Go to Source