Cryptocurrency of the Week: Ripple’s move towards USD stablecoin, $24 million SOL withdrawal halted due to technical glitch, venture capitalists raise big sums suggesting bull market, and more!
Posted on April 5, 2024 at 7:30 AM EST.
In this weekly roundup, we'll cover:
- Wormhole Billion Dollar Airdrop: Cross-chain protocol distributes 1.1 billion W tokens.
- Splitting the Ethereum community: Controversial proposal to adjust Ethereum's monetary policy leads to heated debate over the future of staking.
- Binance defends detained compliance officer: Binance says Tigran Gambarian should not be held accountable for his role amid accusations of financial crimes in Nigeria.
- Ripple’s USD Stablecoin Venture: In anticipation of competition from USDT and USDC, Ripple announces upcoming USD-pegged stablecoin.
- Lido staking protocol glitch: $24 million in SOL is locked up due to a smart contract issue, making the withdrawal process difficult for users.
- Bullish signals from venture capital: New crypto funds from Paradigm and Galaxy Digital signal growing optimism in the crypto market.
- Jupiter token hits all-time high: JUP reaches new peak amid controversy over governance vote.
- Department of Justice's mysterious Bitcoin transactions: $2 billion in wallets associated with the Department of Justice move significantly to Coinbase Prime, hinting at possible liquidation.
- Record profits for Bitcoin miners: Just before the halving, miners reached a historic revenue milestone.
- FTX repayment strategy: Embattled exchanges outline plans to start repaying creditors.
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