This week in crypto: Ripple’s move with a USD stablecoin, a technical snag halts $24 million in SOL withdrawals, VCs hint at a bullish market with significant fundraisings, and more!
Posted April 5, 2024 at 7:30 am EST.
In this weekly recap, we cover:
- Wormhole’s Billion-Dollar Airdrop: The cross-chain protocol distributes 1.1 billion W tokens.
- Ethereum Community Split: A controversial proposal to adjust Ethereum’s monetary policy leads to heated debates over staking’s future.
- Binance Defends Detained Compliance Chief: Amidst financial crime accusations in Nigeria, Binance insists Tigran Gambaryan should not be held accountable due to his role.
- Ripple’s USD Stablecoin Venture: Eyeing competition with USDT and USDC, Ripple announces a forthcoming USD-pegged stablecoin.
- Lido’s Staking Protocol Glitch: $24 million in SOL is locked due to a smart contract issue, challenging the withdrawal process for users.
- Bullish Signals from Venture Capitals: Paradigm and Galaxy Digital’s new crypto funds suggest a growing optimism in the crypto market.
- Jupiter Token Hits All-Time High: Amid governance vote controversy, JUP reaches a new peak.
- DOJ’s Cryptic Bitcoin Transaction: A $2 billion wallet associated with the DOJ makes a significant move to Coinbase Prime, hinting at potential liquidations.
- Bitcoin Miners’ Record Revenue: Just before the halving, miners hit a historic revenue milestone.
- FTX’s Repayment Strategy: The embattled exchange outlines a plan to begin creditor repayments.
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