Shiba Inu Price Tanks 10% After WazirX Hack Implicates $100M in SHIB According to blockchain analyst Lookchain, 5.43 trillion SHIB tokens worth $102 million were stolen in the hack. News of the WazirX hack spread rapidly, causing Shiba Inu (SHIB), a well-known memecoin, to drop by 10% within a few hours, from $0.00001886 to $0.0000174.
The bitcoin play Here we go again. Right now, one of the biggest narratives in crypto is political chatter. I touched on this yesterday, when I unpacked Republican vice president hopeful JD Vance’s crypto stance. But it warrants a deeper dive. Over the past couple of days, I’ve talked to a variety of folks about
Bitcoin currently lacks true layer-2 networks (as the term is used on Ethereum) primarily because existing scaling solutions do not inherit Bitcoin’s security model. Not really.* Ethereum rollups that post transaction data to Ethereum mainnet directly leverage its security, ensuring that correct execution of transactions on these layers are secured by the same mechanisms protecting
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2237.59, down 0.0% (-0.45) since yesterday’s close. Six of 20 assets are trading higher. Leaders: SOL (+2.5%) and ETH (+1.3%). Laggards: RNDR (-6.5%) and XRP (-5.9%). The CoinDesk 20
Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter . Welcome to the On the Margin Newsletter, brought to you by Casey Wagner and Ben Strack. Here’s what we cover in today’s edition: Risk-on, risk-off, who knows! We break
July 18: Bitrue Ventures, the research and investment section of crypto exchange Bitrue, has launched a $40 million investment fund and “is putting out the call to aspiring developers,” according to the team. A blog post reads: “Individual recipients of funding can receive up to $200,000 of investment funds that can be allocated however they
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter . Howdy! Last night, I attended my first ever New York Liberty game, and goodness me, were we ever up in the nosebleeds. But even from my perch in the rafters, it was clear
The Hong Kong Monetary Authority has revealed the names of five entities who have won participation in its stablecoin issuer sandbox. Standard Chartered Bank (Hong Kong), Animoca Brands Ltd., JINGDONG Coinlink Technology Hong Kong Limited, RD InnoTech Limited and Hong Kong Telecommunications (HKT) Limited are the other five entities. A day after the Hong Kong
Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter . T-minus: 84 days Crypto moves fast. The pace at which narratives evolve, explode and fade away is reflected in the conference circuit. So, as we’re now less than 90 days away from the
This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices (CoinDesk) Top Stories Bitcoin (BTC) struggled to stay above $65,000, after falling below $64,000 during Wednesday’s American trading hours . After briefly retaking