Short News
522 articles
Short News$29M SUI Hack: Funds Moved to Ethereum and Tornado Cash
On December 12, 2024, hackers stole $29 million worth of SUI tokens from a victim’s wallet, as reported by blockchain investigator ZachXBT. The stolen tokens were quickly moved to Ethereum using a bridge and then sent to Tornado Cash, a platform often used to hide transaction details. This made it very hard to trace the …
Mustafa Mulla·27 Jan 20251 min
Crypto Industry Rules Will Take Years: TD Cowen
The Trump administration has taken initial steps to support the crypto industry by establishing the Working Group on Digital Asset Markets. Notably, Trump has directed the working group to explore the creation of a national digital asset stockpile, instead of setting up a Bitcoin reserve as expected. TD Cowen’s Washington Research Group, led by Jaret …
Nidhi Kolhapur·24 Jan 20251 min
BlackRock Now Holds $60 Billion In Bitcoin!
BlackRock now holds $60 billion in Bitcoin (BTC) through its iShares Bitcoin Trust (IBIT), with 574,118.84380 BTC on the ETF’s balance sheet. Recent data reveals that Bitcoin ETFs received $188.7 million in inflows, with BlackRock capturing $154.6 million, accounting for 81% of the total net inflows. BlackRock’s strong Bitcoin accumulation has positioned it as one …
Nidhi Kolhapur·24 Jan 20251 min
Morgan Stanley CEO Ted Pick To Explore Crypto with U.S. Regulators
Morgan Stanley CEO Ted Pick recently stated that the bank will collaborate with U.S. regulators to explore its potential involvement in cryptocurrency markets. Pick emphasized that the focus is on determining if the bank, as a highly regulated institution, can safely engage in digital currency transactions. He highlighted the bank’s intention to work with the …
Nidhi Kolhapur·23 Jan 20251 min
Short NewsCircle Launches Paymaster for USDC Gas Fee Payments on Arbitrum and Base
Circle recently launched Circle Paymaster, a stablecoin payments solution that allows gas fee payments in USDC on Ethereum-based Arbitrum and Base. Paymaster simplifies transactions by removing the need for native tokens like Ethereum (ETH). The use of USD Coin (USDC) for gas fee payments demonstrates the growing use of stablecoins as a stable alternative to …
Nidhi Kolhapur·23 Jan 20251 min
OKX Becomes First Crypto Exchange to Secure MiCA Pre-Authorization
In a latest development, OKX has become the first crypto exchange to get pre-authorization under the Markets in Crypto-Assets Regulation (MiCA), allowing it to expand into Europe. Once it gets the full license, OKX will offer crypto services to over 400 million people in Europe through its Malta hub. The MiCA license will allow OKX …
Nidhi Kolhapur·23 Jan 20251 min
Justin Sun’s TRON to Introduce Zero-Fee Stablecoin Transactions
Justin Sun, the founder of TRON, has shared exciting news for TRON users. The development teams are working on a new feature that will allow stablecoin transactions without any fees. This plan aims to make stablecoin transfers faster and more affordable, offering a better experience for users. By removing transaction fees, TRON hopes to attract …
Mustafa Mulla·23 Jan 20251 min
Ethereum Leads Blockchain Fee Earnings Despite Cost-Cutting Upgrade
Ethereum remained the top-earning blockchain in 2024, collecting $2.48 billion in fees, a 3% increase from 2023, despite the cost-reducing Dencun upgrade in March. The upgrade lowered Layer 2 transaction fees, yet Ethereum’s mainnet revenue remained resilient. Tron followed with $2.15 billion, while Bitcoin earned $922 million. Ethereum’s highest-earning quarter was Q1 2024, driven by …
Elena R·23 Jan 20251 min
Taiwan to Introduce Virtual Asset Law by June 2025
Taiwan’s FSC plans to propose a virtual asset law by June 2025, allowing banks to issue stablecoins for the first time. Stablecoins will serve as a bridge between legal tender and cryptocurrency, offering a secure trading portal for investors. Current tokens like USDT and USDC remain unapproved, but future issuances will require FSC approval. Stricter …
Qadir AK·23 Jan 20251 min