Yagyesh Jaiswal

zKsync Defends Airdrop Eligibility as Binance Joins

zKsync explained its Sybil detection measures for its upcoming ZK token airdrop as Binance announced its own distribution to expand eligibility.

Yagyesh Jaiswal

Both zKsync and Binance aimed to get ZK tokens into as many hands as possible while balancing Sybil prevention, with zKsync focusing on organic users and Binance expanding to those not in the official airdrop.

Ripple Leverages Terraform Case to Slash SEC Fine

Ripple invokes a recent SEC case involving Terraform Labs to argue for more equitable penalties in its ongoing lawsuit with the regulator.

Yagyesh Jaiswal

By drawing parallels to Terraform's $4.47 billion settlement, Ripple aims to lower the SEC's disproportionately high $2 billion penalty demands and establish a fair civil fine between $10-20 million.

UwU Lend Suffers From Stealth Attack, Offers $5M Bounty

Decentralized lending protocol UWU Lend has suffered two flash loan exploits totalling $23.7 million. After the second attack, the project announced a $5 million bounty for identifying the hacker.

Yagyesh Jaiswal

UWU Lend continues to face challenges from the repeated attacks. With no identification of the hacker yet, only time will tell if the sizable bounty incentivizes someone to come forward with useful information.

MicroStrategy Issues $500M Convertible Notes for BTC Investment

MicroStrategy plans to issue $500 million in convertible notes to finance additional Bitcoin purchases, reinforcing its investment strategy in the volatile cryptocurrency market.

Yagyesh Jaiswal

MicroStrategy is set to issue $500 million in convertible notes aimed at financing further Bitcoin acquisitions, solidifying its investment in the cryptocurrency amidst market fluctuations.

Biden Admin May Accept Crypto Amid Voter Interest

Explore how the Biden administration's consideration to accept cryptocurrency donations reflects the growing influence of crypto as a key voter issue in the upcoming 2024 election.

Yagyesh Jaiswal

The Biden campaign is reportedly considering accepting cryptocurrency donations to attract tech-savvy voters and counter criticism from the crypto community, reflecting the growing significance of cryptocurrency in US electoral politics.

Do Kwon and Terraform Labs Agree $4.5B Settlement

Terraform Labs and its founder Do Kwon have agreed to pay $4.5 billion to settle civil fraud charges brought by the SEC over the collapse of TerraUSD and LUNA in 2022.

Yagyesh Jaiswal

The massive $4.5 billion settlement would see Kwon and Terraform permanently banned from dealing in crypto securities, sending a strong deterrent message in the industry, if approved by the judge.

Bitcoin Skyrockets to $69K Following US CPI Data

Bitcoin surges past $69,000 after the US CPI for May reveals a decline, indicating the lowest core inflation rate since April 2021, sparking optimism in the cryptocurrency market.

Yagyesh Jaiswal

The latest release of the US Consumer Price Index (CPI) for May indicated a decrease in inflation rates, prompting a notable surge in Bitcoin prices above $69,000. This development comes as a significant shift after months of economic uncertainties.

Australia Online Bettors Barred From Using Crypto

The Australian government has banned the use of cryptocurrencies and credit cards for online gambling in the country.

Yagyesh Jaiswal

In an effort to curb problem gambling, Australia has forbidden crypto and credit transactions for online betting. While aiming to protect citizens, the new rules may drive some gamblers to unregulated platforms.

Trump Wants the Rest of Bitcoin Mined on American Soil

Former President Donald Trump reiterated his pro-Bitcoin stance and called for more mining to be done in the US to combat foreign influence over the cryptocurrency.

Yagyesh Jaiswal

Explore Trump's recent meeting with Bitcoin mining executives and his view that increasing domestic mining can help the US dominate energy production and counter threats like a central bank digital currency.

BNB Rallies to New Heights, Elevating CZ's Net Worth

A recent rally in the price of Binance Coin (BNB) has seen the token reach an all-time high of $725, growing the net worth of Binance CEO Changpeng Zhao to $38.5 billion despite the crypto exchange facing regulatory issues.

Yagyesh Jaiswal

The surge in BNB's value highlights continued confidence in the token and associated Binance ecosystem, even as CZ serves a four-month prison sentence in the US and Binance pays historic fines relating to anti-money laundering lapses. At the time of writing, BNB has retraced slightly but remains significantly higher year-to-date.