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Someone abused FTX’s withdrawal fee subsidy to mint $70,000 of XEN

Someone abused FTX’s withdrawal fee subsidy to mint $70,000 of XEN

The exchange may have failed to recognize that it was minting XEN tokens on behalf of the attacker, per analysts. 

The post Someone abused FTX’s withdrawal fee subsidy to mint $70,000 of XEN appeared first on The Block.

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Zipmex review appears to clear CEO over Babel Finance investments gone sour

Zipmex commissioned an independent legal review of its capital deployment procedures, and that review has found that no single individual had an “overriding influence” over the company’s deployments.

The post Zipmex review appears to clear CEO over Babel Finance investments gone sour appeared first on The Block.

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Hidden Road launches OTC prime brokerage for digital assets

Castle Island Venture, Citadel Securities, FTX Ventures-backed Hidden Road has launched over-the-counter prime brokerage for digital assets. 

The post Hidden Road launches OTC prime brokerage for digital assets appeared first on The Block.

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Digital asset regulation ‘needed now’ Senate Democrat tells SEC’s Gensler

Sen. John Hickenlooper, D-Colo., urged the Securities and Exchange Commission to set new rules for digital assets.

The post Digital asset regulation ‘needed now’ Senate Democrat tells SEC’s Gensler appeared first on The Block.

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Bitcoin back below $19,000 as crypto market falls following U.S. inflation data

Crypto markets were highly volatile following Thursday’s hot U.S. inflation data, with further rate hikes now expected.

The post Bitcoin back below $19,000 as crypto market falls following U.S. inflation data appeared first on The Block.

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Fancy a Zoom call with Hannibal Lecter? There’s an NFT for that

Sir Anthony Hopkins is launching an NFT collection on Thursday that promises some randomly selected holders Zoom meetings with the two-time Oscar winning actor.

The post Fancy a Zoom call with Hannibal Lecter? There’s an NFT for that appeared first on The Block.

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Uniswap Labs valued at $1.66 billion after $165 million Series B

Uniswap announced it succeeded in raising $165 million in the second round of its funding campaign.

The post Uniswap Labs valued at $1.66 billion after $165 million Series B appeared first on The Block.

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U.S. inflation comes in hot, up 0.4% month-on-month and 8.2% year-on-year

U.S. inflation came in hotter than expected at 8.2% year-on-year, which typically places downward pressure on bitcoin and cryptocurrencies.

The post U.S. inflation comes in hot, up 0.4% month-on-month and 8.2% year-on-year appeared first on The Block.

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BitMEX adds 14 tokens as it moves beyond derivatives trading

The rebrand of derivatives exchange BitMEX continues with the addition of 14 new coins to its platform over the last four weeks.

The post BitMEX adds 14 tokens as it moves beyond derivatives trading appeared first on The Block.

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NFT startup Otterspace raises $3.7 million to ‘definancialize web3’: Exclusive

It aims to use NFTs that are earned, rather than bought, to reward certain behavior and recognize DAO participation.

The post NFT startup Otterspace raises $3.7 million to ‘definancialize web3’: Exclusive appeared first on The Block.

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