Crypto products record 10th consecutive week of inflows at $3.2B
Crypto ETPs recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.
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Why decentralization isn’t the ultimate goal of Web3
The transition from Web2 to Web3 is inevitable. Yet, as the demand for decentralization gains momentum, several important questions are being raised about the current state of blockchain technology and its promised “decentralization.”Vitalik Buterin responded with a confession that “a lot of it comes down to limited technical resources and funding. It’s easier to build…

MiCA is already stifling stablecoin adoption in the EU
The digital asset landscape in the European Union is evolving ahead of the passage of the Markets in Crypto-Assets (MiCA) regulation framework that aims to instill regulatory clarity around crypto assets. While well-intentioned, the current structure of MiCA may throttle innovation. But if a revised version of this policy passes, it could see the European Union…

Binance Hires Former NBA, Dell Exec to Head Global Strategy Initiatives
Major cryptocurrency exchange and blockchain platform Binance has hired a former strategic executive at Dell and the National Basketball Association as Binance’s global strategy officer, according to a press release shared with Cointelegraph on June 5.Binance’s new official Strategy Officer, Gin Chao, will reportedly advance the organization’s global strategy, heading initiatives in corporate development, venture…

Hong Kong watchdog warns stablecoins could undermine HKD in CBDC paper
Hong Kong’s financial watchdog says it is concerned over the rising popularity of stablecoins, as it invites the public to give their say on the merits and challenges of e-HKD. 157 Total views 17 Total shares The Hong Kong Monetary Authority (HKMA) has warned that stablecoins could undermine the Hong Kong dollar in a just…

NFTs are ‘Stayin’ Alive’ as new minting trends, AI and music-based projects thrive
In 2020, newly launched NFTs projects experienced costly gas wars that are gas priority auctions where buyers battle to secure their spot on the next block, potentially losing ETH to failed transactions. In 2021 digital scarcity and utility drove the NFT hype in the constantly surging markets and toward the end of the year, how…

Infinex NFTs top $40M sales in first four days, despite NFT bear market
The Framework Ventures-backed platform has surpassed $150 million in TVL, despite a wider downtrend in the NFT market.

United States National Debt Hits 23 Trillion — Over $1M Per Bitcoin
The United States national debt is now over $23 trillion, according to website U.S Debt Clock.It is also worth noting that the debt per United States citizen is $69,724 and that the debt to gross domestic product ratio is 106.65%.The milestone has been pointed out on Nov. 1 by Bitcoin advocate Twitter personality Rhythm, who…

Yearn.finance pleads arb traders to return funds after $1.4M multisig mishap
A Yearn contributor said the value lost came from “strictly protocol owned liquidity” in the protocol’s treasury and that customer funds weren’t impacted. Decentralized finance protocol Yearn.finance is hoping arbitrage traders will return $1.4 million in funds after a multisignature scripting error, resulting in a large amount of the protocol’s treasury being drained.“A faulty multisig