Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds
Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8 billion of crypto trying to defend the peg of TerraUSD (UST) in May, according to a third-party audit by JS Held.
UAE regulator adopts blockchain to speed up commercial judgments
ADGM Courts aims to “massively transform the delivery of judicial services,” said CEO Linda Fitz-Alan while introducing blockchain technology for commercial courts.
Tim Draper still positive on $250K Bitcoin price prediction in 2023
The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because BTC is decentralized, and FTX was not, Tim Draper said.
But, aren’t you folks web2?
Comments
US national crypto laws should look like New York’s, says state regulator
The superintendent of the New York Department of Financial Services highlighted her state’s stringent standards as the blueprint for federal legislation.
Circle CEO Calls for Clear US Laws on Stablecoins to ‘Unleash’ Their Potential
Circle CEO and founder Jeremy Allaire wrote to prominent financial services lawmakers in the U.S., calling for workable, clear legislation on stablecoins and warning of the risks to the country of not doing so.
Elon Musk demands Twitter employees commit to ‘extremely hardcore’ culture or leave
Illustration by Alex Castro / The Verge Elon Musk gave Twitter employees an ultimatum in a midnight email: commit to a “hardcore” culture at Twitter or leave with severance. The Washington Post reports that Musk has asked Twitter employees to sign an online form by 5PM ET today committing to “long hours at high intensity.” … Read more
Institutions Take Bearish Stance on Bitcoin, Steep Discount in CME Futures Indicates
The record discount in the front-month bitcoin futures traded on the CME indicates institutions are biased bearish. The discount may attract arbitrageurs.
FTX’s Bahamas Arm Files for Bankruptcy Protection in US
The move on behalf of FTX.com, based in the Caribbean, is the latest legal move in the crypto exchange’s collapse.
Coinbase: FTX’s Collapse Will Likely Lead to an Extended Crypto Winter
Poor liquidity in cryptocurrency markets could last until at least the end of the year and the crypto winter until end-2023, the exchange said.
FDIC to prioritize crypto risk assessment as banks perform poorly in Q2
With banks reporting $470 billion in unrealized losses and FDIC foreseeing the continuation of this trend, acting chairman Gruenberg believed banks must cautiously engage in crypto-asset activities.
Solana entities sold 50M tokens to FTX — How long will SOL price suffer?
Most of FTX’s Solana exposure stands vested, meaning the defunct exchange will gradually gain access to millions of SOL up until January 2028.
Synaesthesia’s Colour Debut (1883)
Comments
KDE beats macOS
Comments
Supernova wants to make it easy to move design elements to code bases
As companies increasingly turn to tools like Figma to design their software, moving the design elements like color schemes from the design tool to your code base can be a time-consuming and manual process. Supernova is an early-stage startup that wants to make it easier by acting as a bridge between your design team and … Read more