Crypto exchange Bitget lost $351.6 million dollars to a system breach on Thursday, CEO Gracy Chen announced in a social media post. In a post on X, Chen said that Bitget’s cold wallets and user funds were safe, and that there were “unauthorized transfers from… Read More
Qivalis, the independent euro-pegged stablecoin builder with a growing number of banks as shareholders in the project, has also been undergoing a transformation. Sell notes that one year ago he was the only employee; now Qivalis has grown to about 40 staffers and is close… Read More
Investor confidence in stablecoins is tied to the issuer’s ability to redeem them for fiat currency at any time. To ensure that, stablecoin companies keep backup funds to secure their value. They hold actual U.S. dollars at a 1:1 ratio, alongside safe investments like U.S.… Read More
The activity had already drawn attention from Beni, a co-founder of research firm Stealth Neolab, who said Kalshi’s ether perpetual recorded about $539 million in 24-hour volume against just $3.1 million in open interest. He later found that trades of exactly $5,500 made up 48%… Read More
Although the symposium is not secret, it has received little media attention. Its public footprint consists largely of occasional posts from attendees rather than prominent FBI announcements or the publicity campaigns typical of commercial crypto conferences. A LinkedIn post published by Token Recovery executive Roman… Read More
Bitcoin is consolidating on Wednesday after an explosive breakout on Monday, trading at $86,379 in the European morning, up 0.24% since midnight UTC and 1.3% over 24 hours as daily trading volume dips by 36% to $38 billion. Beneath the surface the rally has narrowed… Read More
