Mask Network is addressing a sudden price drop in its MASK token, according to a tweet by founder Suji Yan. The team is currently gathering information and plans to release a solution within 1-2 days. Yan emphasized Mask Network's commitment to long-term development and continued operation.
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Treasure DAO, a blockchain gaming ecosystem, faces financial challenges. With $8.3M/year expenses and only $2.4M in treasury, a proposal suggests withdrawing $785K to extend operations until Feb 2026. A MAGIC token price drop remains a risk. #TreasureDAO #Web3 #DAO
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Ethena's USDtb supply surged $1.3B in a month, second only to USDC! USDtb now bigger than PayPal's PYUSD and nearing FDUSD. BlackRock's BUIDL fund backs 90% of USDtb reserves, per Artemis data.
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HK legislator urges review of regulations after $500M trust fraud. Duncan Chiu cites foreign investor misunderstandings & lack of asset custody framework. Web3 firms using trusts OK, but loopholes hurt HK's financial hub reputation. Expects international attention. #HongKong #Web3 #Finance
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CICC: Trump's proposed tariffs on 60+ economies are bigger than expected. Could hike US tariffs to 25.1% (higher than post-1930 levels!), boosting inflation by 1.9%, cutting GDP by 1.3%. While generating revenue, it risks stagflation, hindering Fed rate cuts & hurting the economy.
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EY releases Nightfall_4, a blockchain update with ZK-Rollups for faster transactions! This enterprise-grade solution focuses on user identity verification to prevent misuse. The update reflects growing enterprise adoption of privacy tech. #blockchain #privacy #EY #Nightfall
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Whale alert! 🐳 5M USDC deposited to HyperLiquid 7 hrs ago to boost HYPE holdings. Currently holding 700k+ HYPE ($8.43M) with a $1.3M floating loss. Also has a sell order for 170k+ HYPE at $16. Data via @OnchainLens.
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According to Bitcoin Laws, the Arizona House of Representatives has passed the Bitcoin Reserve Bill (SB 1025 and SB 1373) in its entirety. The next steps involve a third reading followed by a final House vote. If passed, the bill will be submitted to the governor for signature.
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Ripple CEO Brad Garlinghouse cites an NCA study claiming 21% of Americans own crypto. He says the "largest study of its kind in the U.S." also found 76% of crypto holders believe it's positively impacted their lives. #crypto #ripple
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Arthur Hayes says "Liberation Day" (April 2nd) hit markets hard. If Bitcoin holds above $76,500 until U.S. tax day (April 15th), volatility should ease.
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Binance reviewed FDUSD's February reserve audit. 🔍 Auditor Prescient Assurance confirmed $2.051B in reserves (US Treasury bonds & deposits) as of March 1, 2024, exceeding circulating supply. This confirms FDUSD's 1:1 redemption. March audit review coming soon! #FDUSD #Binance #Stablecoin
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US Treasury sanctions 8 Tron wallets linked to Houthi rebels' financial network, used for transactions up to $1M, including weapons procurement, says OFAC. US citizens are prohibited from transacting with these addresses. #sanctions #crypto #Houthi
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Report: Ex-NY Gov. Cuomo consulted for crypto exchange OKX after leaving office. Bloomberg says he advised them on handling investigations and suggested his ally Linda Lacewell for their board. Lacewell was just appointed Chief Legal Officer. OKX cites her regulatory experience. #crypto #politics
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SARS Commissioner Edward Kieswetter: Crypto asset players in South Africa must register with the agency or face legal consequences. SARS aims to track activity, regulate transactions, and boost tax revenue. Roughly 6 million South Africans hold crypto, making the region a global Bitcoin hub.
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Coinbase has announced the addition of Reserve Rights (RSR) to its listing roadmap, according to Wu Blockchain.
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According to Wu Blockchain, the United States will set a baseline tariff rate of 10% for all countries, with reciprocal tariffs set at half of that rate.
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Coinbase lists Definitive (EDGE) on Base! 🚀 Verify you're using the Base network when transferring EDGE to avoid losing funds. Transfers are live! Trading starts when liquidity is met. EDGE-USD pair rolling out, availability may vary by region. #Coinbase #EDGE #Base
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DTCC launches a digital collateral management platform on AppChain for institutional DeFi, per Wu Shuo. Built on Besu blockchain with DTCC ComposerX, it emphasizes privacy & security. Smart contracts automate the process, enabling real-time collateral operations 24/7.
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Galaxy Digital UK gets FCA approval for derivatives trading! 🎉 They've been on the FCA's Crypto Asset Register since 2021 and can now expand UK operations. Joins Coinbase, Bitpanda, and BlackRock in the UK market (via CoinDesk).
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OnlyFans founder's new startup, Zoop, wants to buy TikTok! 🤯 They've submitted a bid to the White House. Zoop promises to share revenue with creators. Amazon is also reportedly bidding. ByteDance has until April 5th to sell TikTok or face a US ban. #TikTok #Zoop #OnlyFans #ByteDance
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