$300B plunge: Largest 3-day wipeout for crypto in a year

WIF staged a double-digit rally over the past week as memecoin traders piled into fresh positions. 

Bitcoin holders are celebrating one year since the 2024 Bitcoin halving by praising BTC’s resilience amid a global trade war and suggesting an accelerated market cycle due to a growing institutional presence. The 2024 Bitcoin halving reduced block rewards from 6.25 Bitcoin (BTC) to 3.125 BTC, slashing new BTC issuance in half. Despite rising concerns

A partnership announced on June 16 between the Gitcoin project and Polkadot will help the interoperable blockchain platform’s developers find community support and funding.Gitcoin’s current function can be considered as an experiment in a new way of funding public goods, based on the concept of Capital-constrained Liberal Radicalism, or CLR,  championed by Ethereum’s (ETH) co-founder…

The controversial Uniswap-funded DeFi Education Fund has liquidated half of its donated funding into stablecoins, attracting condemnation from many in the crypto community.On June 12, the fund tweeted that it was selling 500,000 UNI to Genesis Trading for 10.2 million USDC in an over-the-counter (OTC) trade, despite the Uniswap proposal for the fund indicating it…

Alexander Vinnik, the Russian national accused of laundering 300K Bitcoin through crypto exchange BTC-e, may now face trial in France. Also awaiting charges in the United States and Russia, suspected Bitcoin money launderer Alexander Vinnik could be facing a trial in France first.According to news agency Agence France-Presse (AFP), a Paris judge has ordered the…

Fresh off the launch of its $25 million venture fund, OP Crypto Capital Management Ltd. seeks to play a more active role in the lifecycle of blockchain startups ranging from gaming to Web 3.0. Former Huobi executive turned founder David Gan spoke with Cointelegraph about the transition from his former company, the growth potential of…

Investors in China launched a crypto scam after being deceived themselves — and got busted by the police. Chinese police have reportedly arrested a group of scammers who launched a faux crypto scheme to recoup their losses after being defrauded by a number of different crypto-related cons themselves.According to an article from the Public Information…

Prices for crypto ads on Telegram have outstripped those for other topics like investment and trading, according to one study. 348 Total views 37 Total shares Cryptocurrency-themed advertising has been growing extremely popular on Telegram, with some ad firms reporting that crypto became the most expensive ad type on the platform in 2021.The average cost…

The Monuverse is taking some of the world’s most precious monuments and preserving them forever as NFTs in the digital universe. The use cases of nonfungible tokens (NFTs) have evolved from pixelated punks and apes to real-world applications like real estate contracts and music royalties. Another use case is surfacing as the Monuverse uses NFTs…