News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
Developer Recovers $2 Million in ETH Frozen Since 2016 ICO
A developer has successfully retrieved $2 million in ETH from a 2016 ICO project, which had been frozen due to a smart contract bug, benefiting 48 investors.
Mercation Admin3 min - Crypto
Sui Attributes Recent Network Outages to Gas and Validator Issues
Sui's network faced three outages last week, lasting over 15 hours, attributed to gas and validator bugs, while SUI's price dropped 18%.
Mercation Admin1 min - Crypto
$14 Million Betting Dispute Arises from Strategy's Bitcoin Sale on Polymarket
Strategy's bitcoin sale has triggered a $15 million betting dispute on Polymarket, focusing on whether trades from late May count towards a May 31 deadline.
Mercation Admin4 min - Crypto
Aave Tightens Listing Standards After $293 Million rsETH Incident
Aave has revised its asset listing standards following a significant incident involving rsETH that risked creating substantial bad debt.
Mercation Admin1 min - Crypto
Bitcoin Hits Two-Month Low Amid ETF Outflows and Strategy Sale
Bitcoin has dropped to a two-month low of around $71,479 due to ETF outflows and a significant sale by treasury firm Strategy.
Mercation Admin2 min - Crypto
CFTC Approval Boosts HYPE to New Heights
The CFTC's approval of Bitcoin perpetual contracts has sent HYPE soaring to a new all-time high, while major cryptocurrencies experience significant losses.
Mercation Admin5 min - Crypto
Japan's Ruling Party Advocates for Crypto ETF Framework and Yen Stablecoins
Japan's ruling party is advocating for a legal framework to facilitate cryptocurrency ETF trading and promote yen-based stablecoins.
Mercation Admin2 min - Crypto
Stellar (XLM) Rises 14.1% Over the Weekend, CoinDesk 20 Update
Stellar (XLM) saw a notable increase of 14.1% over the weekend, while Binance Coin (BNB) also performed well with a 7.9% rise, according to the latest CoinDesk 20 update.
Mercation Admin1 min - Crypto
$1.67 Billion Withdrawn from Crypto Funds in a Week
Investment products based on digital assets experienced a significant outflow of $1.67 billion from May 25 to 29, marking a continued trend of withdrawal.
Mercation Admin2 min - Crypto
Bitmine Reduces Ether Acquisition, Purchasing $53 Million Last Week
Bitmine has significantly reduced its ether purchases, acquiring $53 million worth last week after a record purchase the previous week.
Mercation Admin3 min - Crypto
Gnosis Promises to Cover Losses After Gnosis Pay Exploit
Gnosis will reimburse users for losses incurred from the Gnosis Pay exploit, as confirmed by co-founder Martin Köppelmann.
Mercation Admin1 min - Crypto
Bitcoin Dips Below $72,000 Amid Liquidations and Strategy's First BTC Sale
Bitcoin has fallen below $72,000, with significant liquidations occurring as Strategy sells BTC for the first time in four years.
Mercation Admin1 min