Arthur Hayes, one of the founders of crypto exchange BitMEX, avoided jail time Friday during his sentencing hearing in New York. Hayes was handed a sentence of six months of home detention as part of a two-year probationary period. He had previously pleaded guilty to violating the US Bank Secrecy Ac...
Terra-based lending protocol Anchor saw more than $1 billion in liquidations last week, the largest liquidation event for a single protocol. This happened as both the crypto market collapsed and the Terra project — including its tokens luna (LUNA) and TerraUSD (UST) — largely collapsed. According to...
Terraform Labs CEO Do Kwon has amended his proposal to revive the Terra blockchain — in the middle of a vote on whether it should be implemented.  After the implosion of the TerraUSD (UST) stablecoin, Terraform Labs CEO Do Kwon suggested a “rebirth” plan in which he proposed creating Luna (LUNA) 2.0...
OpenSea has disabled trading for a Bored Ape Yacht Club (BAYC) non-fungible token on its platform amid an ongoing court case in Singapore. The item in question, BAYC #2162, is now marked with a “reported for suspicious activity” tag on OpenSea, the world's largest NFT marketplace. This tag prevents ...
After publicly announcing plans to slow hiring, tough market conditions have pushed crypto exchange Coinbase to look for ways to slash spending, according to emails obtained by The Information. Coinbase has felt the fallout of recent market conditions, incurring a net loss of $430 million in its fir...
Apple could be months away from launching a headset that combines VR and AR, after presenting a version of the device to its board last week, according to Bloomberg. Unnamed sources told the publication that the tech giant has also been developing an operating system (dubbed rOS) to go with the mixe...
Quick Take Layer 0s have typically been used to scale existing Layer 1 blockchains LayerZero, a cross-chain interoperability protocol, has an L0 architecture as well, hence its name Given the recent rise of L0s, a formal definition of them has yet to be established across the industry,...
Stablecoin issuer Tether said it reduced its commercial paper holdings in the first quarter of this year to improve the quality of its reserves. Tether reported today that it had reduced its commercial paper to $19.9 billion from $24.2 billion the previous quarter, a 17% decrease. It also added U.S...
A Terra validator voting against Do Kwon’s plan to revive the network has hit out at the way the vote has been managed, blasting a lack of decentralization. Allnodes CEO and founder Konstantin Boyko-Romanovsky told The Block, “We didn’t like the fact that the whole governance process of this proposa...
Revolut's planned native crypto token will aim to reward customers for their loyalty, CEO Nik Storonsky said in an interview, in which he also shared details on the neobank's forthcoming non-custodial wallet. Speaking to The Block at the Finance FWD conference in Hamburg, Storonsky said the long-rum...

3 coins to keep an eye on 👀

Subscribe to receive a weekly selection of 3 coins to watch closely, based on upcoming events and technical analysis.