Midl, a native dApp infrastructure for Bitcoin, raised $2.4M in seed funding led by Draper Associates & Draper Dragon! 🚀 Midl aims to grow BTCFi by providing a native execution environment & supporting Bitcoin token standards. Testnet live, mainnet soon! #Bitcoin #DeFi #BTCFi #crypto #blockchain #news
Qubic, a Monero (XMR) mining pool, now controls >30% of the network’s hashrate (1.97 GH/s). To address centralization concerns (potentially >51%), Qubic will stop reporting stats to MiningPoolStats. They're also currently under a DDoS attack, possibly from within the Monero network. #crypto #blockchain #news
Investor Duan Yongping skeptical of cryptos without cash flow, saying he “doesn’t understand” them & won’t comment on Bitcoin. Sees stablecoin potential (bond yields & speculation) but has “no interest” in investing. (via Xueqiu) #crypto #blockchain #news #BTC #Bitcoin
Counterfeit imToken cold wallet sold on JD.com led to a loss of 4.35 BTC (millions of RMB) for a user who failed to change the pre-set seed phrase. Highlights risks of buying crypto wallets from unverified sources. – SlowMist researcher Yu Xian #crypto #blockchain #news #BTC #Bitcoin
Galaxy Digital transferred 3,782 BTC, valued at approximately $447 million, over the past 12 hours, with a significant portion of the funds moving to cryptocurrency exchanges, according to on-chain data from Lookonchain as reported by Wu Blockchain. #crypto #blockchain #news #BTC #Bitcoin
Ark Invest made a big move yesterday: +572K $BITM shares (~$20.1M) while trimming Coinbase (~$6.9M) & Robinhood (~$12.7M) holdings. Data via @ArkInvestDaily. #crypto #blockchain #news
Hong Kong’s stablecoin rules start Aug 1st! 🇭🇰 RoundCoin Tech plans to launch HKDR, a Hong Kong dollar stablecoin on Ethereum, focusing on trading, cross-border payments & tokenization. CEO Liu Yu predicts widespread adoption in 3-5 years. #stablecoins #HKMA #crypto #blockchain #news
Ethereum is shifting from misunderstood asset to a potentially crucial “scarce, programmable reserve asset.” Growth in staking, institutional adoption (JPMorgan, BlackRock), & regulatory progress (ETH ETFs) are driving this change. ETH is now seen as foundational on-chain infrastructure. #crypto #blockchain #news
🐳 Big move for BONK! A wallet (5Ybhcg…A3HLNJ) just deposited 112.476B BONK ($3.7M) to Coinbase. They withdrew the same amount 3 weeks ago when it was worth $2.45M – a ~$1.25M profit! 🚀 #BONK #crypto #blockchain #news
Onchain Lens data reveals a newly created wallet received 12,749 ETH from FalconX, valued at approximately $49.25 million. The wallet now holds a total of 80,174 ETH, worth around $303 million as of today’s valuation. #crypto #blockchain #news