Compound bets $52M on institutional pivot as COMP jumps 10%
Compound, one of the first protocols to make crypto lending work without a bank, has approved a record $52 million development budget and rebuilt its leadership around traditional-finance veterans. It is also wagering its next chapter on institutions, which is seen as a move away from retail yield-chasers who once drove DeFi. Its native token,...
US Government Moves More Seized FTX Crypto After $288M Transfer
The U.S. government has moved another batch of seized cryptocurrency, emptying a wallet linked to the collapsed FTX exchange and Alameda Research just one day after transferring nearly $288.33 million worth of Bitcoin and Ether to Coinbase Prime. According to on-chain monitoring platform Onchain Lens, a government-controlled wallet holding seized FTX and Alameda assets was […] Read The Full Article US Government Moves More Seized FTX Crypto After $288M Transfer On Coin Edition.
U.S. Government Moves $11.45M in Seized Crypto from Bitfinex Hack to Coinbase Prime
U.S. government-labeled addresses moved $11.45M from the Bitfinex hack to Coinbase Prime and $543K from FTX/Alameda to multiple addresses, signaling.
US Government Moves Another $349K in Seized FTX-Alameda Crypto
The US government has moved another batch of crypto tied to the FTX and Alameda Research collapse. Blockchain data flagged by Arkham and Onchain Lens showed roughly $349,000 worth of seized assets leaving government-controlled wallets on June 16. The funds originated from accounts confiscated around three years ago following the collapse of FTX. According to […] Read The Full Article US Government Moves Another $349K in Seized FTX-Alameda Crypto On Coin Edition.
US Government Transfers $349K in Crypto Seized From FTX and Alameda
BitcoinWorld US Government Transfers $349K in Crypto Seized From FTX and Alameda The United States government has moved approximately $349,000 worth of cryptocurrency that was previously seized from the now-defunct FTX exchange and its affiliated trading firm, Alameda Research. The transfer was flagged by blockchain analytics platform Onchain Lens, which reported that the assets were moved to a new wallet address. Details of the Seized Assets According […] This post US Government Transfers...
Trend Research Sells UNI and COMP at Estimated $40.3 Million Loss, On-Chain Data Shows
BitcoinWorld Trend Research Sells UNI and COMP at Estimated $40.3 Million Loss, On-Chain Data Shows A cryptocurrency address linked to the research firm Trend Research has liquidated its holdings of Uniswap (UNI) and Compound (COMP) tokens, incurring an estimated total loss of approximately $40.29 million, according to on-chain data shared by blockchain analyst EmberCN. Details of the Trade and Loss Calculation Blockchain tracking data reveals that the address deposited 2,705,000 […] This...
OpenZeppelin Co-Founder Issues Stark Warning: Withdraw Funds From All DeFi Protocols, Including Aave and Compound
BitcoinWorld OpenZeppelin Co-Founder Issues Stark Warning: Withdraw Funds From All DeFi Protocols, Including Aave and Compound In a stark and unprecedented warning that has sent ripples through the cryptocurrency industry, Manuel Aráoz, co-founder of the prominent blockchain security firm OpenZeppelin, has publicly advised users to withdraw their funds from all decentralized finance (DeFi) protocols. According to a report by The Block, Aráoz took to social media platform X to express his […]...
IOSG Ventures-Linked Wallet Deposits $11.5M in UNI and COMP to Binance, Signaling Potential Sell-Off
BitcoinWorld IOSG Ventures-Linked Wallet Deposits $11.5M in UNI and COMP to Binance, Signaling Potential Sell-Off A wallet linked to the research-focused Web3 investment firm IOSG Ventures has moved a significant amount of crypto assets to the Binance exchange, a move typically interpreted as a precursor to selling. According to data from blockchain analytics platform Onchain Lens, the address deposited 9.23 million dollars worth of Uniswap (UNI) and 2.30 million dollars […] This post IOSG...
Crisis of Confidence: 14 Protocols Exit or Suspend Bridging With LayerZero in 48 Hours
BitcoinWorld Crisis of Confidence: 14 Protocols Exit or Suspend Bridging With LayerZero in 48 Hours In a swift and significant vote of no-confidence, fourteen protocols have either terminated their bridging services or suspended operations with LayerZero (ZRO) within the past 48 hours, according to on-chain analyst Emperor Osmo. The mass exodus follows a security incident that prompted an apology from LayerZero and a subsequent announcement regarding changes to its validator […] This post...
Arrington Capital-Linked Wallet Moves $2.26M in COMP to Binance, Sparking Sell-Off
BitcoinWorld Arrington Capital-Linked Wallet Moves $2.26M in COMP to Binance, Sparking Sell-Off A crypto wallet associated with the prominent digital asset hedge fund Arrington Capital has deposited 100,000 COMP tokens, valued at approximately $2.26 million, to the Binance exchange. The transfer, which occurred over a four-hour period, was first reported by on-chain analytics platform EmberCN. On-Chain Activity Signals Potential Sale Deposits of tokens to centralized exchanges are […] This...
