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A huge chunk of Ethereum (ETH) is permanently lost, and it’s costing billions. Let’s dive into the details. Millions of ETH Lost to Errors and Bugs Coinbase’s head of product, Conor Grogan, revealed that a staggering 913,111 ETH – that’s over $3.4 billion! – is unrecoverable due to user mistakes and software glitches. This represents…
Tyler Winklevoss, Gemini co-founder, is accusing JPMorgan Chase of trying to kill the fintech and crypto industries. He claims JPMorgan wants to charge hefty fees for accessing banking data, currently free via apps like Plaid. This, he says, would bankrupt fintech companies that help users connect their bank accounts to crypto exchanges like Gemini, Coinbase,…
Ethereum recently celebrated its 10th anniversary with a fun event! The Ethereum Torch Relay To mark the occasion, they launched a special NFT called “The Ethereum Torch.” This NFT will be passed from wallet to wallet for 10 days, highlighting the global Ethereum community. The journey started with co-founder Joseph Lubin and will end on…
A developer, Vincent Van Code, has made a super-optimistic prediction: XRP could skyrocket to $59.40! He’s laid out exactly how Ripple’s takeover of the financial world could make this happen. The Math Behind the $59.40 Prediction Van Code’s prediction, shared on X, hinges on several factors: Ripple grabbing 15% of SWIFT’s daily transactions, the rise…
VanEck CEO Jan Van Eck believes that “super apps” like Robinhood, Kraken, and X (formerly Twitter) are poised to shake up the traditional financial system’s payment methods. Cheaper Payments with Stablecoins Van Eck’s prediction centers on the use of stablecoins within these apps. Stablecoins, unlike traditional payment systems, bypass intermediaries like Visa and Mastercard, eliminating…
Several major hedge funds are celebrating a massive payout following Chevron’s $53 billion acquisition of Hess Corporation. After a lengthy 20-month court battle, the deal finally closed, resulting in billions of dollars in profits for these firms. Merger Arbitrage Pays Off These funds used a strategy called merger arbitrage, which involves betting on the success…
Coinbase CEO Brian Armstrong is calling the recent passage of a stablecoin bill a game-changer for the US financial system. He believes it heralds a new era of faster, cheaper, and more global payments. A Faster, Cheaper, Global Payment System President Trump recently signed the GENIUS Act into law. This law creates a regulatory framework…
Peter Schiff, a well-known gold bug, isn’t impressed with Bitcoin. He thinks President Trump’s support for crypto is a bad idea, calling Bitcoin a “decentralized Ponzi scheme” disguised as something legitimate. The Dollar’s Downfall? Schiff argues that pushing Bitcoin in the US weakens the dollar. He believes that while some might celebrate a weaker dollar,…
US Bitcoin ETFs are having a fantastic run, attracting massive investments lately. This isn’t surprising, given the super positive vibes around crypto in the US right now. President Trump even signed the GENIUS Act, the first-ever crypto bill, into law! A Week of Big Numbers The week ending July 18th was particularly impressive. Daily inflows…
Hackers Take Control The official Stellar Blade X account was hijacked, and used to promote a fake cryptocurrency airdrop. The scammers posted links to a suspicious website (stellarcoin.com) promising massive token giveaways. These posts featured familiar game art and characters, making them appear legitimate at first glance. Crucially, the comment sections were disabled on all…
