- Tether announced that starting this month, it will regularly allocate up to 15% of its realized net profits to purchase Bitcoin.
- Bitcoin mining difficulty underwent a mining difficulty adjustment at block height 790,272, resulting in a 3.22% increase to 49.55 T.
- West Pacific Bank has banned its customers from trading with Binance and plans to introduce new measures for secure crypto payments.
- USDC issuer Circle is adjusting the reserve assets supporting USDC to mitigate the risk of US government debt default.
- Singapore’s Whampoa Group plans to establish a digital bank in Bahrain, offering banking services as well as token trading, custody, and management services.
- The South Korean Virtual Asset User Protection Bill is expected to pass this month, granting supervisory powers to the Financial Services Commission (FSC).
- Ripple has acquired cryptocurrency custody company Metaco for a price of $250 million.
- LayerZero has launched a bug bounty program with a maximum reward of $15 million.
- Qiming Venture Partners has completed the fundraising for its seventh RMB fund, reaching a scale of 6.5 billion RMB. Qiming Venture Partners has previously invested in various Web3 projects, including NFT data analysis platform NFTGo, Mask Network’s venture capital division Bonfire Union, and Ethereum Layer 2 network Scroll, among others.
- Radiant Capital has passed an ARB distribution proposal, allocating approximately 2.33 million ARB tokens to dLP staking users.
- FTX has filed a lawsuit against former management, including SBF, seeking the recovery of FTX’s stocks.
- Curve’s native stablecoin, crvUSD, has deployed its user interface and officially launched.
- An Ethereum ICO participant, dormant for 2.4 years, has staked 4,032 ETH.
- Lido’s new proposal aims to introduce an LDO staking module and a buyback plan.