Crypto News
Michael Saylor Presents Framework for Digital Assets to Strengthen U.S. Leadership
.Michael Saylor, co-founder and executive chairman of Microstrategy, has presented a framework that aims to position the U.S. and the dollar as leaders of the global digital economy. Defining what digital assets are, establishing a simplified responsibility model, and specifying standards for their issuance, are Saylor’s ideas to achieve this goal. Michael Saylor Introduces GuidelinesSource link
HyperLiquid Sees Record $60M in USDC Flee as North Korea Said to Be Probing Perpetuals Exchange
HyperLiquid, a layer-1 blockchain and decentralized exchange for perpetual futures (perps), has experienced a notable outflow of the USDC stablecoin amid speculation North Korean hackers are interacting with the platform, according to a post on X by pseudonymous observer Tay, known for tracking threats posed by to crypto protocols by the country. A record $60 million of USDC fled the exchange by 10:00 UTC Monday, according to Hashed Official's Dune-based tracker. USDC, the world's second-largest dollar-pegged stablecoin, is used as collateral on HyperLiquid. The deposit bridge still holds $2.2 billion in USDC. Addresses associated with hackers from the Democratic People's Republic of Korea (DPRK) have accrued losses exceeding $700,000 while trading on HyperLiquid, Tay said. The transactions indicate the hackers...
The Metaverse We’ve All Been Waiting For: Wilder World Unveils Revolutionary Gameplay Trailer
PRESS RELEASE. Wiami, Wilder World – December 23, 2024 – The wait is over! Wilder World, currently ranked as the 9th most wishlisted game on the Epic Games Store, has unveiled its much-anticipated gameplay trailer, which shows us the future of the metaverse. The visuals are stunning, and the gameplay is immersive with a cinematicSource link
Crypto Hedge Funds Are Quietly Getting Debanked, Survey Shows
Coinbase’s Chief Legal Officer issued a rallying cry to the industry, demanding answers after the survey results were published. Operation Chokepoint 2.0 Targets Crypto Hedge Funds Three quarters of 160 crypto hedge funds polled, reported difficulty accessing banking services according to a recent survey – and Coinbase is not very happy about it. The surveySource link
More Pain Likely, Market Expert Says After Bitcoin’s Biggest Loss Since August
Bitwise's Europe head of research, who has been accurately bullish on bitcoin (BTC) for months, has turned cautious after last week's 8% dip, warning of deeper losses in the coming weeks.Bitcoin, the leading cryptocurrency by market value, fell 8.8% to nearly $95,000 last week, the biggest percentage drop since August, according to data source TradingView and CoinDesk Indices. The losses came as the Federal Reserve signaled fewer rate cuts for next year while stressing that it prohibited from holding BTC and doesn't seek a change in the law to do so.The so-called hawkish rate projections also roiled sentiment in traditional markets, leading to a 2% drop in the S&P 500 and a 0.8% gain in the dollar index, lifting it...