The crypto asset manager will take over Superstate’s $267 million USCC fund as tokenized investment products gain traction with institutions. www.coindesk.com
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Million
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Mining
Core Scientific sold $208 million of bitcoin in Q1 as AI pivot continues
by shayaanby shayaanCore Scientific (CORZ) reported a $347.2 million first-quarter loss even as revenue rose to $115.2 million, as the former bitcoin mining heavyweight …
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Finance
OpenTrade raises $17 million to connect stablecoins to real-world assets
by shayaanby shayaanStablecoin infrastructure platform OpenTrade closed a $17 million funding round Wednesday led by Mercury Fund and Notion Capital, with participation from a16z …
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Scams
Bittrex Wants Its $24 Million Settlement Back, Now That the SEC Is Pro-Crypto
by shayaanby shayaanIn brief Defunct exchange Bittrex is asking a federal judge to undo its 2023 settlement with the SEC. The company argues the …
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Web3
Capgemini SE: Capgemini successfully places an €800 million bond issuance
by shayaanby shayaanTHIS PRESS RELEASE MAY NOT BE PUBLISHED, COMMUNICATED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. Media …
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Scams
Apple Agrees to $250 Million Settlement Over AI Claims—Here’s Who Can Get Paid
by shayaanby shayaanIn brief Apple has agreed to a $250 million settlement over allegedly misleading claims regarding AI services on iPhone devices. U.S. buyers …
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Markets
North Korea terror victims escalate fight to seize $71 million from Aave hack
by shayaanby shayaanIn a 30-page response filed Tuesday, attorneys for victims of three North Korea terrorism cases reframed the April 18 Aave hack as …
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Smart Contracts
Kelp Blames LayerZero for $292 Million Hack, Plans Switch to Chainlink
by shayaanby shayaanIn short Kelp says LayerZero approved the scheme related to a $292 million exploit, which LayerZero disputes. The protocol is redesigning its …
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Markets
Kelp claims that LayerZero approved the setup it blamed for $292 million bridge hack
by shayaanby shayaanThe $292M exploit, linked to North Korean hackers, led Kelp to migrate its rsETH off LayerZero’s “OFT” standard to Chainlink’s “CCIP.” www.coindesk.com
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Mining
K Wave Media scraps massive bitcoin treasury plan to redirect $485 million to AI
by shayaanby shayaanBitcoin miners are turning to AI infrastructure to ramp up revenues, and some treasury firms are joining in on the rotation too. …