News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
Crypto Funds Attract $1.4 Billion in a Week
Cryptocurrency investment products attracted $1.4 billion from April 13 to 17, marking the best performance since January, driven primarily by Bitcoin's surge.
Daniel Kim1 min - Crypto
Are There Any Safe Havens Left in DeFi? Lessons from Aave and Kelp
The recent hack of Kelp DAO has raised questions about the safety of DeFi protocols like Aave, revealing systemic risks and potential lessons for users.
Elena Volkov6 min - Crypto
Investors Withdraw Over $8.6 Billion from Aave Following Kelp Hack
Investors withdrew over $8.6 billion from Aave following a significant hack of the Kelp protocol, leading to a dramatic drop in the platform's total value locked.
James Park3 min - Crypto
Survey: 65% of Japanese Institutions Use Bitcoin for Portfolio Diversification
A recent survey reveals that 65% of Japanese institutional investors are using Bitcoin for portfolio diversification, reflecting a growing acceptance of digital assets.
Marcus Reid1 min - Crypto
Kelp Protocol Loses $293 Million in Cross-Chain Bridge Attack
The Kelp protocol lost approximately $293 million in a recent cross-chain bridge attack, marking its second cybersecurity incident.
Daniel Kim2 min - Crypto
Weekly Recap: Testing $78,000 and Crypto Exchange Penalties in Russia
Bitcoin tested the $78,000 mark while facing a new wave of hacks and proposed penalties for illegal exchanges in Russia during the past week.
Daniel Kim6 min - Crypto
NYDIG Plans to Acquire Idle Smelter in New York
NYDIG is negotiating to purchase an idle aluminum smelter in New York from Alcoa, enhancing its cryptocurrency mining capabilities amid rising energy infrastructure interest.
Aisha Patel1 min - Crypto
Bitcoin Mining Difficulty Decreases by 2.4%
Bitcoin's mining difficulty has decreased by 2.4%, impacting miners' profitability amid low network activity and price stagnation.
Aisha Patel1 min - News
Will Bitcoin Holders Face Jail Time in Russia?
This article discusses the potential criminalization of cryptocurrency in Russia, the impact of the Iran conflict on chip production, and issues surrounding World Liberty Financial.
Marcus Reid2 min - News
Kraken Extortion, Signal Message Recovery, and Cybersecurity News
This week in cybersecurity: Kraken faces extortion, Ukrainian authorities seize $8.3M in crypto from hackers, and the FBI recovers deleted Signal messages.
Marcus Reid4 min - Crypto
Circle Launches USDC Bridge for Cross-Chain Transfers
Circle has launched the USDC Bridge to facilitate seamless cross-chain transfers of the USDC stablecoin, enhancing accessibility and security.
Sarah Chen1 min - News
Drift Protocol Investors File Class Action Against Circle
Investors of Drift Protocol have filed a class action lawsuit against Circle, alleging negligence and complicity in a hack that resulted in a loss of $230 million.
Aisha Patel2 min