Crypto broker FalconX aquires majority stake in Monarq Asset Management
FalconX has taken a majority stake in the parent company of Monarq Asset Management, a multistrategy crypto hedge fund, marking a significant move into asset management for the digital asset prime broker. The deal, whose terms were not disclosed, is…...
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Binance celebrates SEC’s lawsuit dismissal as ‘big win for crypto’
Binance says that the conclusion of the SEC’s lawsuit will benefit everyone that wants to innovate in the U.S....
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Dow, S&P 500, Nasdaq slip as U.S.-China trade tensions linger
Stocks opened lower on Monday, June 2 as investors began the new month on fresh jitters amid the ongoing trade tensions between the United States and China. Global stocks saw some downside action as Asian and European markets closed lower…...
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We Can’t Regulate Our Way to Crypto Leadership. We Still Need Science
The following open letter was written by Dan Boneh (Stanford), Joseph Bonneau (NYU), Giulia Fanti (Carnegie Mellon), Ben Fisch (Yale), Ari Juels (Cornell), Farinaz Koushanfar (U.C. San Diego), Andrew Miller (University of Illinois at Urbana Champaign), Ciamac Moallemi (Columbia), David Tse (Stanford), Pramod Viswanath (Princeton). Here’s a multiple choice...
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Tokenized Securities Trading Venue 21X Adds Circle’s USDC Stablecoin
Frankfurt-based 21X, a venue for trading tokenized stocks, bonds and funds regulated by Germany’s financial watchdog BaFin, has integrated Circle’s USDC stablecoin as a key settlement currency on the platform. The USDC integration is part of 21X’s mission to build a multi-currency, MiCA-aligned, open market environment for institutional trading...
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Stablecoin Protocol USDT0 Aims to Bring Tokenized Gold Closer to DeFi
Stablecoin protocol USDT0 is giving tokenized gold a crypto native spin, aiming to make the world’s oldest stores of value compatible with decentralized finance (DeFi) applications. The platform is introducing the XAUT0 token, which builds on Tether Gold (XAUT) but integrates an omnichain architecture to expand its utility for...
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$302 Million Lost to Crypto Scams, Hacks, and Exploits in May: CertiK
Cryptocurrency investors lost more than $300 million to scams, hacks and exploits in May, according to blockchain security firm CertiK. The majority of those losses were related to code vulnerability exploits, which accounted for $229 million — a 4,483% rise on April. Phishing, which involves an attacker stealing a...
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ETH Rebounds Sharply From Intraday Lows, Signals Bullish Shift as $2,500 Holds
Ethereum continues to demonstrate notable resilience amid growing economic headwinds, maintaining its footing above the $2,500 support level despite intensified market volatility. The asset rebounded sharply from $2,472.84 to a session high of $2,547.92, with price currently holding near $2,514. Technical momentum remains intact as higher lows persist, supported...
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How James Wynn’s $100M Implosion Is Familiar Leverage Tale
Derivatives trader James Wynn emerged out of the woodworks a few weeks ago, flaunting 9-figure bitcoin positions on HyperLiquid as he went on a seemingly undefeatable run that culminated in around $100 million worth of profit. But that run, as is often the case with highly-leveraged crypto derivative trading,...
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SharpLink Shares Sink 30% After Last Week’s 2,000% Surge
Shares of SharpLink Gaming (SBET) slipped 30% in early trading Monday, giving back a small bit of last week’s 2,000% surge. The historic move higher — the stock moving from less than $3 to above $100 at one point — came following news that Sharplink was raising $450 million...
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