CRYPTO ASSETS

One of the main focuses of the supposed investigation is the $1.1 billion promissory note, which, according to Silbert, resulted from DCG assuming liabilities from Genesis. The latter suffered significantly because of the implosion of Three Arrows Capital, a bankrupt crypto hedge fund business.

But Sun's recent tweet was slammed by fintech executive Adam Cochran who said that the crypto billionaire "wants you to have faith, but he doesn't."

"Last week's 2X growth in weekly World ID sign-ups demonstrates a sustained increase in global demand for World ID as a standalone product," Worldcoin said.

McHenry noted that stablecoins can only achieve their full potential if "clear regulations and robust consumer protections" are available, underlining the importance of Congress enacting legislation that would "provide comprehensive digital asset regulation, especially for stablecoins."

Following this major legal victory, Bitfinex and Tether reasserted that they are committed to protecting and upholding users' interests as well as those of the community.

Houbi's TVL is now down to 2.5 billion from its $3.09 value last month.

"I'm refunding you not because you can find me, it's because I don't want to ruin your project, maybe it's a lot of money for a lot of people, but not for me, I'm smarter than all of you," the hacker's on-chain message read.

"When you combine the low-cost nature of Shibarium, and the other amazing technologies the entire Shib community has developed for this new L2 solution with Shib SSI, the possibilities are near endless," Shytoshi Kusama said.

Critics dismissed the price pump, but it looks like the price rally will continue since data revealed that the trading volume largely supports the uptrend and SHIB holders chose to maintain their diamond hands, as they were not moving their SHIB to exchange platforms to sell.

Kusama reminded the Shib Army in their blog post this week that "as we push forward, please understand this isn't just about following the path of decentralization; this is about trailblazing a new destiny for the world."

The public conversation between the two tech and crypto leaders concluded with both acknowledging they are on the same team.

In the wake of Terra's implosion, the blockchain firm said it had exhausted nearly all of its reserves in an attempt to defend the UST stablecoin peg, but a new set of recently uncovered details about wallets linked to TFL and Kwon contradicted the company's previous public statements.

BONE is the native governance token of ShibaSwap, the decentralized exchange of the Shiba Ecosystem, and ever since the team revealed that it will be used as the gas fee token of the highly awaited layer-2 scalability solution Shibarium, its rise to prominence and its overall performance in terms of value have attracted the interest of many crypto investors.

Just over a week after its launch, Worldcoin and its activities are already suspended in Kenya.

Unlike the positive impact on the price of Bitcoin when BlackRock and other financial giants filed their spot BTC ETF applications, the price of Ether remains within its usual range.

The software maker said the $347 million worth of Bitcoin acquired last quarter, purchased at an average price of $28,136 per coin, only represents the latest addition to the company's BTC holdings and not the total amount of the crypto asset it purchased.

The surprising development surrounding the BALD token pushed on-chain sleuths to dig deeper to get to the bottom of the issue, and some of them uncovered interesting finds, one of which points to Bankman-Fried and his Alameda Research as the masterminds of the controversial project, which is presumably a rug pull.

Despite the dip in the price of Bitcoin, the "important news" is the continued surge in institutional interest in the world's largest crypto asset.

Worldcoin is an ambitious project that aims to offer a World ID, or a "digital passport," for a world in which it's harder to distinguish humans from AI robots.

The Binance CEO shared that at the time Buterin was "already working on and talking about ETH non-stop" and somehow regretted that he didn't buy Ether, saying it was "a miss of a lifetime."

Tether has established itself as the dominant player in the stablecoin industry as its circulating supply approaches the 84 billion threshold.

Data from a market analytics firm has revealed that crypto sharks (investors who have over 500 BTC or its equivalent in their accounts) and crypto dolphins (holders with holdings below the net worth of whales) have started purchasing Shiba Inu at a swift pace over the past couple of months.

CRV, the native cryptocurrency of the top decentralized finance Curve Finance exchange, saw a 17% loss on the day and was trading at $0.61.

The author of the hit book "Rich Dad Poor Dad" said the BRICS is leading a movement to develop a new currency backed by gold.

Armstrong's claim predates the lawsuit filed by the SEC against his crypto business.

Titled "State of Meme Coin," the study was conducted in May 2023 and involved 1,503 investors worldwide, 73% of whom said they think investing in meme coins is gambling.

The dog-themed altcoin has surged in popularity over the past months due to the series of projects and upcoming initiatives scheduled to launch this year, especially Shibarium.

Accounting firms gained the spotlight last year when the crypto empire FTX spectacularly imploded, and several crypto exchange platforms hired accounting firms to come up with their proof-of-reserves to assure crypto investors their funds are safe.

The bill was advanced after a 13-hour markup, making it the second major piece of crypto legislation to pass the Committee this week.