U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler requested an additional $72 million in the agency's budget at a U.S. Senate Appropriations Committee hearing on Wednesday, saying the SEC must expand to protect investors from a world "ridden with irregularities." Impact on the crypto market. In his speech, Gensler stated: "We have seen the wild west of the crypto market, rife with irregularities and investors placing hard-earned assets in highly speculative asset classe...

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler requested an additional $72 million in the agency's budget at a U.S. Senate Appropriations Committee hearing on Wednesday, saying the SEC must expand to protect investors from a world "ridden with irregularities." Impact on the crypto market. In his speech, Gensler stated: "We have seen the wild west of the crypto market, rife with irregularities and investors placing hard-earned assets in highly speculative asset classe...

Cryptocurrency institutional liquidity platform (non-VC firm) Paradigm has incubated a decentralized perpetual derivatives application chain called "Paradex". It is designed based on Starknet's recently launched developer stack. Described as a hybrid derivatives exchange, the project will combine Paradigm’s liquidity with DeFi’s typical transparency and self-custody.

Cryptocurrency institutional liquidity platform (non-VC firm) Paradigm has incubated a decentralized perpetual derivatives application chain called "Paradex". It is designed based on Starknet's recently launched developer stack. Described as a hybrid derivatives exchange, the project will combine Paradigm’s liquidity with DeFi’s typical transparency and self-custody.

RISC Zero, an infrastructure company designed to help developers develop zero-proof software, completed a $40 million Series A round led by Blockchain Capital, with participation from Galaxy Digital, IOSG, RockawayX, Maven 11, Fenbushi Capital, Delphi Digital, Algaé Ventures , IOBC, Tribute Labs' Zero Dao, and Alchemy. The funding will help RISC Zero bring its Bonsai computing platform to market. RISC Zero will launch the Bonsai computing platform, a decentralized proof engine that allow...

RISC Zero, an infrastructure company designed to help developers develop zero-proof software, completed a $40 million Series A round led by Blockchain Capital, with participation from Galaxy Digital, IOSG, RockawayX, Maven 11, Fenbushi Capital, Delphi Digital, Algaé Ventures , IOBC, Tribute Labs' Zero Dao, and Alchemy. The funding will help RISC Zero bring its Bonsai computing platform to market. RISC Zero will launch the Bonsai computing platform, a decentralized proof engine that allow...

Terraform Labs filed a motion Wednesday in the FTX bankruptcy case to subpoena nonpublic information from FTX’s international and U.S. exchanges about digital wallets used by short sellers between March and May of last year. It also requested information about the wallet used by Jump Trading, saying the SEC accused the company of working with Terraform to help prop up the prices of TerraUSD and Luna during the decoupling. The data, it said, will help Terraform Labs defend against fraud charge...

Terraform Labs filed a motion Wednesday in the FTX bankruptcy case to subpoena nonpublic information from FTX’s international and U.S. exchanges about digital wallets used by short sellers between March and May of last year. It also requested information about the wallet used by Jump Trading, saying the SEC accused the company of working with Terraform to help prop up the prices of TerraUSD and Luna during the decoupling. The data, it said, will help Terraform Labs defend against fraud charge...

Telegram this week raised $210 million in a bond offering from investors including founder and CEO Pavel Durov. Among them, Pavel Durov bought about a quarter of the bonds, investing tens of millions of dollars in Telegram's growth. Pavel Durov said he spent hundreds of millions of dollars on the app over the past 10 years to keep it running.

Telegram this week raised $210 million in a bond offering from investors including founder and CEO Pavel Durov. Among them, Pavel Durov bought about a quarter of the bonds, investing tens of millions of dollars in Telegram's growth. Pavel Durov said he spent hundreds of millions of dollars on the app over the past 10 years to keep it running.

Cosmic Wire, a Web3 and blockchain solution technology company, completed a $30 million seed round of financing led by the Solana Foundation and Polygon. This round of financing will be used to promote Cosmic Wire's development of decentralized applications and expand the cross-chain technology of the Web3 ecosystem

Cosmic Wire, a Web3 and blockchain solution technology company, completed a $30 million seed round of financing led by the Solana Foundation and Polygon. This round of financing will be used to promote Cosmic Wire's development of decentralized applications and expand the cross-chain technology of the Web3 ecosystem

Superblock, the developer of the lightweight node protocol Over Protocol, raised a total of US$8 million through two rounds of financing. SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp, and NaverZ participated in the investment. According to previous news, in February this year, Superblock announced the completion of the 9 billion won (approximately US$7.22 million) Series A financing, with the participation of SK, Netmarble (Netmarble), DSC Investment, E & INVESTMENT, Schmidt and othe...

Superblock, the developer of the lightweight node protocol Over Protocol, raised a total of US$8 million through two rounds of financing. SK, Netmarble, DSC, E&Investment, Schmidt, SpringCamp, and NaverZ participated in the investment. According to previous news, in February this year, Superblock announced the completion of the 9 billion won (approximately US$7.22 million) Series A financing, with the participation of SK, Netmarble (Netmarble), DSC Investment, E & INVESTMENT, Schmidt and othe...

The encrypted data platform Arkham tweeted that after the announcement this week, some spam accounts posing as Arkham appeared, claiming to offer a second airdrop. The airdrop claim has ended, and there will be no second airdrop. We are contacting Twitter to shut down these spam accounts. The official team reminds users to be more vigilant and only pay attention to verified account announcements.

The encrypted data platform Arkham tweeted that after the announcement this week, some spam accounts posing as Arkham appeared, claiming to offer a second airdrop. The airdrop claim has ended, and there will be no second airdrop. We are contacting Twitter to shut down these spam accounts. The official team reminds users to be more vigilant and only pay attention to verified account announcements.

Bitcoin (BTC) spot exchange-traded funds (ETFs) could generate $30 billion in new demand for the world's largest digital asset, according to a recent research note from cryptocurrency trading firm NYDIG. NYDIG wrote in the report: “With the brand recognition of the BlackRock and iShares franchises, familiarity with securities broker buying and selling methods, and the simplicity of position reporting, risk measurement, and tax reporting, spot ETFs may offer some significant benefits over...

Bitcoin (BTC) spot exchange-traded funds (ETFs) could generate $30 billion in new demand for the world's largest digital asset, according to a recent research note from cryptocurrency trading firm NYDIG. NYDIG wrote in the report: “With the brand recognition of the BlackRock and iShares franchises, familiarity with securities broker buying and selling methods, and the simplicity of position reporting, risk measurement, and tax reporting, spot ETFs may offer some significant benefits over...

The latest data from K33 Research shows that the BTC-equivalent exposure of globally listed ETPs increased by 25,202 BTC ($757 million) to 196,824 BTC in the four weeks to July 16, the second highest monthly net exposure. Inflows, second only to inflows following ProShares' launch of futures-based ETFs in October 2021 and other futures-based ETFs, ETP bitcoin equivalent exposure is now at its highest level since June 2022. Additionally, ProShares’ Bitcoin Strategy ETF (BITO) has hit a ne...

The latest data from K33 Research shows that the BTC-equivalent exposure of globally listed ETPs increased by 25,202 BTC ($757 million) to 196,824 BTC in the four weeks to July 16, the second highest monthly net exposure. Inflows, second only to inflows following ProShares' launch of futures-based ETFs in October 2021 and other futures-based ETFs, ETP bitcoin equivalent exposure is now at its highest level since June 2022. Additionally, ProShares’ Bitcoin Strategy ETF (BITO) has hit a ne...

Alphapo hot wallet stolen, $23 million lost. Alphapo client HypeDrop has disabled withdrawals. The stolen funds were first exchanged for ETH on Ethereum and then cross-chained to the Avalanche and BTC networks. Alphapo handles payments for many gaming services, such as HypeDrop, Bovada and Ignition. It is unclear how many bitcoins were stolen from Alphapo.

Alphapo hot wallet stolen, $23 million lost. Alphapo client HypeDrop has disabled withdrawals. The stolen funds were first exchanged for ETH on Ethereum and then cross-chained to the Avalanche and BTC networks. Alphapo handles payments for many gaming services, such as HypeDrop, Bovada and Ignition. It is unclear how many bitcoins were stolen from Alphapo.

OpenAI CEO Sam Altman's encryption project Worldcoin announced that key parts of World ID and TFH's World App technology stack have completed the OP mainnet migration, and user migration has also begun. For World ID and World App users, migration completion means that the Worldcoin protocol has been migrated to Ethereum to support World ID and bridge Optimism and Polygon PoS; most Safe wallets have been deployed to OP mainnet, and the rest will be deployed on user-initiated migratio...

OpenAI CEO Sam Altman's encryption project Worldcoin announced that key parts of World ID and TFH's World App technology stack have completed the OP mainnet migration, and user migration has also begun. For World ID and World App users, migration completion means that the Worldcoin protocol has been migrated to Ethereum to support World ID and bridge Optimism and Polygon PoS; most Safe wallets have been deployed to OP mainnet, and the rest will be deployed on user-initiated migratio...