Key takeaways A temporary 2.85% pricing discrepancy in wstETH collateral triggered about $27 million in liquidations on Aave, showing how even small technical issues can have major financial consequences in automated DeFi lending systems. The liquidation wave occurred because Aave’s system briefly valued wstETH at about 1.19 ETH instead of its market value near 1.23 …
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Market strategist Tom Lee believes the US stock market will enter bear territory this year, but not before ascending to a new record level. In a new CNBC interview, Lee predicts that the S&P 500 will continue to rally in the coming weeks after mostly trading in a narrow range so far this year. But …
Opinion by: Neil Staunton, CEO and co-founder of Superset Crypto is one of the most innovative corners of finance. New protocols launch every week. New market designs are constantly tested, and experimentation moves fast. But innovation alone can’t build financial systems that institutions can rely on. There’s a reason traditional finance is deliberately boring. It …
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued aggressively stacking Bitcoin last week, bringing the company’s total reserves to above 760,000 BTC. Strategy acquired 22,337 Bitcoin (BTC) for $1.57 billion last week, according to a US Securities and Exchange Commission filing on Monday. The purchase ranks among the five largest Bitcoin acquisitions …
Continue reading “Strategy buys $1.6B in Bitcoin as holdings surpass 761,000 BTC”
Hana Financial Group, one of South Korea’s largest financial conglomerates, has partnered with Standard Chartered on finance and digital assets. On Sunday, Hana Financial said it signed a business agreement with the United Kingdom’s Standard Chartered Group (SC Group) for cooperation in global financial business and digital asset fields, Yonhap News reported. The agreement covers …
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Crypto investment products continued their momentum last week, signaling resilience to geopolitical stress and strengthening the case for Bitcoin’s role as a relative safe-haven asset. Crypto exchange-traded products (ETPs) recorded $1.06 billion in inflows last week, led by $793 million into Bitcoin (BTC), CoinShares reported on Monday. The inflows mark three consecutive weeks of positive …
Continue reading “Crypto funds add $1B as three-week inflow streak continues”
The chief investment officer of Bitwise Asset Management says Bitcoin could reach $1 million under what he describes as “reasonably conservative assumptions.” In a new memo titled “How Bitcoin Gets to $1 Million”, Matt Hougan argues that many analysts underestimate Bitcoin’s long-term potential because they treat the global store-of-value market as static. Hougan says he …
A Texas construction firm has agreed to compensate individuals whose sensitive information was exposed in a data breach. According to the settlement administrator’s portal, Mason Construction will pay between $55 to $5,000 per individual to settle a class action lawsuit that accused the Beaumont, Texas-headquartered firm of exhibiting negligence and insufficient data security in handling …
Australia’s Senate Economics Legislation Committee has backed a bill that would require crypto exchanges and tokenization platforms to comply with the country’s existing financial services regime, recommending that the Corporations Amendment (Digital Assets Framework) Bill 2025 be passed. The move on March 16 brings Australia a step closer to a bespoke licensing framework for “digital …
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A new debate has emerged over whether a continued shift by Bitcoin miners toward artificial intelligence could impact the network’s security and its role as a store of value. While some argue that miners leaving the network would leave it more susceptible to a “51% attack,” others argue it will simply trigger the Bitcoin network …
Continue reading “AI data center gold rush sparks debate over impact on Bitcoin mining”
The US Securities and Exchange Commission (SEC) has dropped its two-year-long case against the founder of the blockchain-based social media platform BitClout, Nader Al-Naji. In the joint dismissal stipulation filed in the US District Court for the Southern District of New York last Thursday, the SEC cited the crypto task force, which was tasked with …
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Tech investor and former Coinbase chief technology officer Balaji Srinivasan has called on the crypto industry to develop more financial tools for refugees and stateless people. In a Saturday post on X, Srinivasan said the number of displaced individuals could grow as global conflicts intensify and economic migration increases. He pointed to examples ranging from …
Continue reading “Balaji calls for more ‘crypto tools’ for refugees amid Middle East tensions”
Australia’s financial regulator has urged young investors not to rely on social media influencers and artificial intelligence chatbots to make financial decisions, according to a study that also found that one in four “Gen Zs” invest in crypto. The Australian Securities and Investments Commission (ASIC) posted the results of a survey on Sunday, finding that …
Continue reading “Australia warns of AI, ‘finfluencers’ as Gen Z crypto ownership hits 23%”
World Liberty Financial (WLFI) holders who want a chance to steer the protocol’s future will now need to lock up their tokens for nearly six months under a newly passed proposal. The proposal from the Trump family-backed crypto venture closed on Friday with 99.12% of 1,800 votes cast in favor, according to the snapshot governance …
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BlockFills has filed for Chapter 11 bankruptcy in the US after suspending deposits and withdrawals last month, citing poor crypto market conditions. Crypto lending platform BlockFills has filed for bankruptcy in the US after the company halted customer deposits and withdrawals last month. Reliz LTD, BlockFills’ operating company, along with three other related companies, filed …
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