According to BlockBeats, the Federal Reserve’s balance sheet decreased by $17 billion last month, reaching $6.7 trillion, the lowest level since April 2020. Since April 2022, the Federal Reserve has reduced its balance sheet by $2.3 trillion, marking a 25% decrease. This reduction accounts for approximately 48% of the $4.8 trillion purchased during the pandemic … Read more
According to BlockBeats, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins is scheduled to deliver a keynote speech on asset tokenization on May 12. The event will be part of a roundtable discussion titled “Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet.” The roundtable will explore the intersection of traditional finance and decentralized … Read more
According to Odaily, Onchain Lens has reported that a significant investor, referred to as a ‘whale,’ has purchased 148.12 million PENGU tokens at a price of $0.015 per token, totaling an investment of $2.25 million. This acquisition brings the whale’s total holdings to 509.12 million PENGU tokens, with an estimated market value of approximately $7.46 … Read more
According to Odaily, a Forbes column highlights that despite the controversies surrounding meme coins due to their high volatility and speculative nature, these issues may contribute to a healthier and more sustainable direction for the crypto market. The article notes that the popularity of meme coins has sparked widespread discussions about the value and regulation … Read more
According to Foresight News, a cryptocurrency user suffered a loss exceeding $20,000 after falling victim to a phishing scam while using the Chrome browser to access the ChangeNOW exchange. The fraudulent website, which employed Punycode technology to mimic the legitimate domain with a deceptive letter ‘e’, misled the user into believing it was authentic, resulting … Read more
According to Foresight News, the Ether.fi Foundation announced that it has repurchased 437,000 ETHFI tokens this week, spending approximately 137 ETH. The foundation further stated that future weekly withdrawal fee revenues and monthly protocol income will be allocated for token buybacks. These repurchased tokens will be distributed back to ETHFI stakers. Credit: Binance News
According to BlockBeats, data from DefiLlama indicates that the Sui Network’s total value locked (TVL) has reached a new all-time high of $2.09 billion. This surpasses the previous peak of $2.083 billion recorded in January of this year. Over the past week, the network’s TVL has increased by 22.4%. The top three protocols contributing to … Read more
According to PANews, CitizenX CEO Alex Recouso announced on the X platform that Europe is enforcing capital controls. Spain will impose a fine of 3,000 euros for failing to report cash withdrawals exceeding 150 euros within 24 hours. In response, Tether CEO Paolo Ardoino commented that the atmosphere surrounding the digital euro is intensifying. Credit: … Read more
According to PANews, the TRUMP team has clarified the recent transfer of 3.5 million TRUMP tokens to a centralized exchange (CEX). The official statement explained that the move aims to enhance liquidity, ensuring that both parties in transactions can access TRUMP tokens. The liquidity for this transfer was provided by the liquidity wallet established during … Read more
According to PANews, Anthony Scaramucci, founder of SkyBridge Capital, shared insights in a recent podcast interview about the future of Bitcoin investments by sovereign wealth funds. He noted that while some funds have marginally allocated Bitcoin, significant capital inflows are unlikely until the United States establishes clear digital asset regulations. Scaramucci emphasized that the passage … Read more