Cronos halted its blockchain on Sunday after an exploit hit Tectonic, which happens to be its largest lending protocol. Experts estimated that roughly $75 million in assets were affected. So far, no timeline has been provided for when the network will resume. The blockchain has also not said what will happen to the assets linked…
Odds of a rate hike in September remain below 60% despite Warsh’s hawkish speech on Friday. Observers downplay fears of tightening.
Leveraged funds more than doubled their CME XRP net short as open interest surged nearly 40% in one week. Last week, the Commodity Futures Trading Commission (CFTC) reported that XRP open interest increased by 2,206 from a week earlier, to 7,783 futures-equivalent contracts. At 50,000 XRP per standard contract, the increase represented about 110.3 million…
Bitcoin ends August and enters September under renewed pressure, but geopolitics won’t be the only factor traders need to watch this week. Several important US economic reports are due between Tuesday and Friday, culminating with the August jobs report, which could significantly shift expectations for the Fed’s September meeting. First Tests Arrive Tuesday Monday is…
Zakura says a new cryptography stack makes mobile proof generation more than 14 times faster, removing one of the biggest delays users face when sending private ZEC.
An attacker allegedly pushed Tectonic’s thinly traded TONIC token up 100-fold, used it as collateral to borrow real assets and left most funds stranded when Cronos validators paused the network.
After jumping past $79,000 on Sunday evening, bitcoin entered the new business week on the wrong foot, slipping below $77,000 in an hour or so as geopolitical tensions returned to financial markets. The decline came amid renewed fighting between the United States and Iran, following nearly a month of relative calm as the US reportedly…
BTC remains August’s best-performing asset after the latest escalation in geopolitical tensions.