News Editor
Crypto market braces for weekend volatility with $5B BTC options set...
TL;DR Breakdown
Crypto markets head into the weekend on negative sentiment, with Bitcoin struggling to maintain the price above $30K.
Almost $5 billion worth of Bitcoin...
American central bank’s secret $103B bailout exposed
TL;DR Breakdown
Data from the Federal Reserve Bank of St. Louis reveals that the Bank Term Funding Program (BTFP), an emergency lending program initiated by...
Maple Finance Introduces New Lending Program
TL;DR Breakdown
Maple Finance launches a direct lending program to replace services previously provided by bankrupt Web3 lenders like Celsius and BlockFi.
Traditional lenders lack the...
US top 23 banks pass severe recession test: Report
TL;DR Breakdown
The American central bank has announced that all 23 of the country's largest banks have passed the "stress tests" and would be able...
NFT Adoption Accelerated: Flare Networks Collaborates with AI Startup Atriv
TL;DR Breakdown
Flare Networks and Atriv have formed a strategic partnership to promote the widespread adoption of NFTs. By leveraging Atriv's AI-powered digital platform.
The integration...
Crypto exchange FTX epic comeback plan unveiled
TL;DR Breakdown
The company's restructuring chief, John Ray, has initiated the process of seeking interested parties for the reboot of FTX.com.
Reports suggest that FTX's existing...
RBI Highlights Risks of Stablecoins for Developing Economies
TL;DR Breakdown
The RBI warns that stablecoins can harm emerging markets and developing economies through currency substitution, disrupting the financial system and impeding credit risk...
Judge’s Decision on Sam Bankman-Fried’s Motion to Dismiss Charges in FTX...
TL;DR Breakdown
Judge Lewis Kaplan from the District Court for the Southern District of New York has rejected Sam Bankman-Fried's motion to dismiss most charges...
Cryptocurrency Mystery Unveiled: Worldcoin’s App Migration Sheds Light on Optimism’s Safe...
TL;DR Breakdown
Worldcoin, the developer behind the Tools for Humanity project, has confirmed that the recent surge of Safe deployments on the Optimism network was...
Sony Network fueling web3 adoption in Japan
TL;DR Breakdown
Sony Network Communications, a Sony subsidiary, has collaborated with Japanese Web3 tech company Startale Labs, investing $3.5 million to support global Web3 adoption.
This...
