Whitechain blockchain platform is relaunching as an distribution-first Ethereum Layer 2 designed to address one of the biggest challenges facing Web3 projects: reaching and acquiring users. Whitechain is part of W Group, a global fintech ecosystem reaching more than 40 million users worldwide, alongside WhiteBIT, a cryptocurrency exchange with more than 10 million users. By […]
A court-appointed trustee warns that the 6,300 customers of the bankrupt Dutch crypto platform Knaken face severe financial losses, as prosecutors have recovered only $2.55 million after selling seized cryptocurrency. Discrepancy Between Deposits and Assets Dutch prosecutors have liquidated all remaining cryptocurrency assets held by bankrupt trading platform Knaken, raising $2.55 million to pay […]
Sui’s Hashi bitcoin lending protocol has processed more than 1.1 million deposits and 165,000 withdrawals in the three weeks since its July 22 testnet launch, per onchain data. Deposit Volume Climbs in Testnet’s First Weeks Onchain analysts have reported that activity on Sui’s Hashi testnet has been brisk since the testnet went live on July […]
Strategy kept its bitcoin holdings unchanged at 840,447 BTC through Aug. 16 while lifting its U.S. dollar reserve to $4.8 billion. Common-stock sales funded the reserve increase, STRC repurchases and preferred-stock dividends. Strategy Leaves Bitcoin Holdings Unchanged Strategy Inc. (Nasdaq: MSTR) filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) on Aug. […]
The U.S. national debt is set to cross $40 trillion, a mark it was expected to surpass only after Labor Day. The milestone has come faster than any previous trillion-dollar jump in the United States’ history. The Fastest Trillion in US History The pace of America’s debt accumulation has become a story unto itself. The […]
Curve Finance founder Michael Egorov has called Pump.fun “a casino of scams called memecoins” while referring to Phantom’s hardware-wallet experience as worse than Metamask’s, prompting pushback from industry personnel. Blunt Critique at Its Finest Michael Egorov, the founder of Curve Finance, has taken direct aim at two of Solana’s most prominent consumer products, describing Pump.fun, […]
Consumer confidence is sitting near its weakest levels in a decade even as U.S. stocks notch record highs, and Glassnode says bitcoin is being left out of the rotation entirely. A Confidence Paradox Consumer confidence remains, in Glassnode’s words, “among the weakest readings of the past decade,” even after two consecutive months of improvement. That […]