Crypto News

Silvergate Bank, headquartered in the United States, primarily serves cryptocurrency companies. One of its clients was FTX, for which it facilitated fiat currency exchanges and deposits. Users who utilized FTX’s over-the-counter (OTC) trading services revealed that when remitting funds to FTX, the payments were actually directed to Alameda. SBF had consistently emphasized that FTX and […]

Over the past 24 hours, I have been researching wBTC. My recommendation is to temporarily avoid any wrapped assets. (Translator’s note: Wrapped assets, also known as wrapped tokens, are tokenized versions of another cryptocurrency. They are pegged to the value of a specific asset and typically support redemption (unwrapping) of the underlying asset at any

The BNB Chain-based DeFi protocol Ankr confirmed today (2nd) that it was hacked, with approximately $5 million missing. The Ankr team stated, “Our aBNB tokens (BNB staking receipt tokens) have been stolen. We are currently working with exchanges to immediately suspend trading. All underlying assets on Ankr staking remain safe, and all infrastructure services are

Binance, the world’s largest cryptocurrency exchange, recently experienced a surge in outflows, with net outflows reaching as high as $3.6 billion over the past week. Yesterday (13th), USDC withdrawals were temporarily suspended, and although trading has now resumed, concerns remain. In response, Binance reiterated that user assets are fully backed by reserves and stated that

As Aave’s stablecoin GHO and Curve’s stablecoin crvUSD are about to launch, MakerDAO is preparing to expand its lending business through Phoenix Labs and Spark Protocol, and enter the liquid staking market. On February 9, the announcement of the establishment of Phoenix Labs and the development of Spark Protocol was made on the MakerDAO forum,

On February 9, the decentralized US dollar stablecoin GHO, issued by Aave, officially launched on the Ethereum Goerli testnet, allowing developers and community users to access its interface and detect potential issues in its workflow. Currently, the testnet supports four assets: DAI, USDC, AAVE, and LINK. New facilitators have been added to support FlashMinting mode,

Two months after the collapse of Silvergate Bank and Signature Bank, the crackdown on the U.S. crypto industry has intensified, and a new banking landscape is taking shape behind crypto companies. In the United States, crypto companies are turning to a small number of regional banks to open accounts. Pennsylvania-based Customers Bancorp has become one

Since the Arbitrum airdrop, its ecosystem projects have attracted significant market attention. Among them, Vela Exchange, an emerging decentralized perpetual trading platform on the Arbitrum chain, has delivered exceptionally impressive results during its two-month public beta. Therefore, this article will share what makes this platform, officially launching on June 26, particularly special. What is Vela

As the United States intensifies its regulatory crackdown, the global cryptocurrency industry has finally received rare good news. Blockchain payments company Ripple announced on Thursday that it has obtained in-principle approval from the Monetary Authority of Singapore (MAS), the country’s central bank, to operate in Singapore and offer digital payment token products and services. Editor’s

Whenever a major centralized exchange collapses, a common question is whether we can use cryptographic technology to solve the problem. Instead of relying solely on legal avenues such as government licenses, auditor reviews, and background checks on the individuals operating the exchange, exchanges can use cryptography to prove that the funds they hold on-chain are