News Editor
Poly Network temporarily halts services after another hack
TL;DR Breakdown
The exploit involved manipulating a smart contract function on the platform's cross-chain bridge protocol, leading Poly Network to temporarily suspend its services.
Although the...
Cristiano Ronaldo Expands NFT Portfolio with Exclusive Collection on Binance
TL;DR Breakdown
Cristiano Ronaldo introduces his second NFT collection, "ForeverCR7: The GOAT," on Binance, showcasing significant goals from his illustrious career.
The collection includes super rare...
Gemini CEO Criticizes Grayscale Bitcoin Trust as a “Toxic Product,”
TL;DR Breakdown
Gemini CEO, Cameron Winklevoss, criticizes the Grayscale Bitcoin Trust, labeling it a "toxic product" due to trading discounts and high fees.
Winklevoss urges the...
Binance Implements Token Burn Initiative, Significantly Reducing LUNC Supply
TL;DR Breakdown
Binance has conducted its 11th token burn, resulting in the destruction of 2.65 billion Terra Classic (LUNC) tokens.
The burn initiative aims to decrease...
Cryptocurrency Approval Boosts Canadian Market, LTC Price Sees Significant Rise
TL;DR Breakdown
Canada has granted approval for unlimited trading of Litecoin (LTC) and three other cryptocurrencies, signaling support for the blockchain industry.
Litecoin's price has surged...
Chinese yuan hits new low: BRICS brace for impact
TL;DR Breakdown
The Chinese yuan is nearing a 15-year low, which may impact the BRICS alliance and its developing currency.
The upcoming BRICS summit will focus...
Argentina banks bet on yuan, flipping the USD
TL;DR Breakdown
Argentina's central bank has officially included the Chinese yuan as a recognized currency for banking deposits, a major shift in its banking policy.
This...
BRICS’ currency launch threatens financial sectors
TL;DR Breakdown
The potential launch of a new currency by BRICS (Brazil, Russia, India, China, South Africa) could destabilize the U.S. dollar's dominance and threaten...
Venture Capital funding hits its lowest point in 2 years
TL;DR Breakdown
Venture Capital (VC) funding in the crypto industry has dropped to a two-year low, with June 2023 recording only 83 public investments.
The total...
Nasdaq’s phenomenal start to year surpasses all expectations
TL;DR Breakdown
Nasdaq Composite has seen a robust gain of 32% in the first half of 2023, its best since 1983.
The surge is largely attributed...
