Abracadabra has started emergency measures after Magic Internet Money, its dollar-pegged MIM stablecoin, slid sharply below its $1 target. Summary MIM’s 50% slide pushed Abracadabra into emergency rate hikes across active and deprecated Cauldron markets. Borrowers now have a cheaper repayment window as Abracadabra tries to shrink outstanding MIM supply. Paused Curve bribes and incentives
Blockchain infrastructure firm BYC Ventures announced a formal partnership with Taipei-headquartered cybersecurity company CeQureX to integrate post-quantum cryptographic infrastructure into its systems. The collaboration focuses on strengthening the technical framework of Lumen, an operating system developed by BYC Ventures to anchor and maintain verifiable records for institutions. CeQureX specializes in quantum-safe architecture and cryptographic modernization
In crypto news today (June 24), Bitcoin is struggling to reclaim $63,000, and this weakness has sparked fears that a drop to $60,000 is coming next. Although BTC/USD is stuck in a tight range, Michael Saylor’s Strategy has begun buying Bitcoin again. Liquidations have cooled off from yesterday, with just $346M picked up, down from
Key Takeaways Regulators require unauthorized crypto platforms to stop serving EEA customers from July 1, with no grace period or interim status. Only a limited share of previously registered firms secured approval, leaving many platforms facing service suspensions or exits. The cutoff has increased pressure as firms seek authorization while users assess which platforms will
ZachXBT has identified a Donald Trump Polymarket whale as key Nigel Farage adviser and convicted fraudster, George Cottrell. Source link
Pump.fun’s low entry barriers have created millions of tokens, but most projects fail almost immediately after launch. Nearly seven out of every 10 tokens launched on the Solana-based meme coin launchpad, Pump.fun, since January 2024, stopped trading on the same day they were created, according to a new analysis by CoinGecko. The study examined
Dutch Trade Minister Sjoerd Sjoerdsma visited Washington this week to meet with Commerce Secretary Howard Lutnick and members of Congress to oppose the MATCH Act, a bill that would bar Chinese chipmakers from accessing Western semiconductor equipment, and one that would hit ASML especially hard. ASML, based in the Netherlands, is Europe’s most valuable company
Binance executive said enforcement actions and regulatory engagement ultimately led the company to pursue a locally compliant reentry strategy through the SEC’s sandbox framework. The following text presents the transcript from the panel discussion “The New Gateway: Building Trust, Access and Innovation in Regulated Digital Asset Markets,” featuring representatives from the Philippine Securities and Exchange
Cathie Wood has dismissed mounting inflation fears despite U.S. headline CPI rising to 4.2% in May, arguing that underlying price pressures are close to disappearing. Summary Cathie Wood says underlying inflation is near 0.5% despite headline U.S. CPI rising to 4.2% in May. The ARK Invest CEO cites productivity gains and Truflation data to argue
Key Takeaways Ripple’s regional leader likened digital asset payments to early online commerce. Infrastructure advances are reducing barriers around settlement, compliance, and usability. Future growth could follow a familiar path as consumer confidence expands. Ripple Executive Compares Crypto Payments to Early E-Commerce Growth Ripple executive Reece Merrick drew a direct comparison between crypto payments today