Day: December 23, 2024

Binance, Kraken Lead Usual’s $10M Funding

Usual, a decentralized real-world asset (RWA)-backed stablecoin issuer, announced it has raised $10 million in a Series A funding round led by Binance Labs and Kraken Ventures. The funding, revealed via X on December 23, included contributions from prominent venture capital firms such as Galaxy Digital, OKX Ventures, Wintermute, and Amber Group. The funds will […]

MicroStrategy Adds $561M in Bitcoin

MicroStrategy, the largest corporate Bitcoin holder, announced Monday that it purchased an additional 5,200 BTC for $561 million. Funded by proceeds from selling 1.3 million shares, this marks the seventh consecutive week of Bitcoin acquisitions, solidifying the company’s aggressive crypto investment strategy. With this latest purchase, MicroStrategy’s Bitcoin treasury now totals 444,262 BTC, valued at […]

HyperLiquid Faces Hacker Threats Amid Success

HyperLiquid, a decentralized exchange (DEX) and layer-1 blockchain known for its high-leverage trading, is facing a critical moment. On Monday, a sudden outflow of $60 million in USDC raised alarms, sparking concerns over the platform’s security and stability. The loss, though a fraction of HyperLiquid’s $2 billion in USDC reserves, has drawn scrutiny. Analysts suggest […]

Ripple’s Legal Battle Reaches Crossroads

On the fourth anniversary of Ripple Labs’ legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple’s Chief Legal Officer Stuart Alderoty called for an end to what he termed a “lawless lawsuit.” Speaking on X, Alderoty urged the incoming Trump administration to address regulatory missteps and foster innovation in the crypto space. This […]

MicroStrategy Buys More Bitcoin

MicroStrategy, the publicly traded firm known for its aggressive Bitcoin acquisition strategy, has announced the purchase of an additional 5,262 BTC for approximately $561 million. Michael Saylor, the company’s co-founder and executive chairman, revealed the acquisition on X (formerly Twitter) on Monday, marking the seventh consecutive week of Bitcoin purchases. The company paid an average […]

North Korea’s Crypto Hacking Surge

In 2024, North Korean hackers have been implicated in 61% of cryptocurrency thefts, stealing an astonishing $1.34 billion across 47 incidents. This marks a 102.88% increase from 2023’s $660.5 million stolen, according to a recent report by Chainalysis. These figures make 2024 the most profitable year for North Korea-affiliated cybercriminals, posing significant challenges to global […]