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Shocking Collapse: Penpie’s $27M Loss Leads to Pendle Halting All Operations
In the rapidly evolving landscape of cryptocurrency and decentralized finance (DeFi), the underlying mechanisms and protocols are under constant scrutiny and attack from malevolent actors. Recently, a significant incident occurred where SubDAO Penpie, a protocol operating on the Pendle system, was compromised, resulting in a loss of approximately $27 million. This breach highlights the evolving…
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RFK Jr, Bitcoin Enthusiast, Shocks by Halting Campaign to Team Up with Trump
In the swiftly evolving political landscape, the intertwining of cryptocurrency advocacy with political endeavors has marked a significant milestone. The recent announcement that a pro-crypto politician, once a political opponent, has been appointed to a crucial position in the potential transition team of a leading political figure highlights the growing significance of digital currency in…
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$81 Million Vanishes from Bitcoin ETFs Halting Winning Streak
The world of exchange-traded funds, particularly those tracking cryptocurrencies like bitcoin and ethereum, has shown significant movements that offer insights into the broader market sentiment and institutional strategies. This week saw a notable $81+ million outflow from bitcoin ETFs, with BlackRock’s IBIT and Franklin’s EZBC being the sole recipients of inflows, highlighting a nuanced ripple…
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Exits Nigeria, Halting Operations by August
Major Shifts in the Cryptocurrency World: Legal Battles, Regulatory Changes, and Strides Forward The landscape of cryptocurrency is perpetually shifting, marked by dynamic changes that often highlight the delicate balance between innovation and regulation. Recent developments have brought to light significant actions including a notable sentence reduction for a cryptocurrency developer, an exchange’s withdrawal from…