TL;DR Breakdown Israel recovered $1.7 million in cryptos from the Iranian military and Hezbollah with the assistance of Chainalysis, demonstrating their involvement in illegal  funding and terrorist activities. Israeli authorities have previously seized cryptos belonging to the Hamas paramilitary wing in Gaza as part of its counter-terrorism efforts. The successful operation shows the necessity of law enforcement and blockchain analysis firms working together to combat crypto misuse, highlighting the need for worldwide coordination to combat new digital financial dangers. Description According to the Defense Minister and the crypto investigative organization, Israel has successfully seized $1.7 million worth of crypto from the Iranian military and Hezbollah, dealing a significant blow to illicit financing networks. The cutting-edge blockchain analysis tools that Chainalysis provided made this possible.  According to Chainalysis, the seizure of cryptos from Hezbollah and the … Read more According to the Defense Minister and the crypto investigative organization, Israel has successfully seized $1.7 million worth of crypto from the Iranian military and Hezbollah, dealing a significant blow to illicit financing networks. The cutting-edge blockchain analysis tools that Chainalysis provided made…

TL;DR Breakdown On-chain analytics platform Glassnode reported an all-time high, with Bitcoin miners sending a record $128 million to exchanges in the past week alone.  Typically, miners transfer their Bitcoin profits to exchanges in preparation for cashing out and covering expenses while securing their gains. The combination of near-record hash rates at 377 EH/s, peak difficulty levels, and higher energy costs has placed significant downward pressure on mining profitability. Description In a recent tweet, on-chain analytics platform Glassnode highlighted a significant surge in Bitcoin miner revenue being sent to centralized cryptocurrency exchanges. The platform reported an all-time high, with Bitcoin miners sending a record $128 million to exchanges in the past week alone. This amount equates to approximately 315% of their daily revenue, indicating an … Read more In a recent tweet, on-chain analytics platform Glassnode highlighted a significant surge in Bitcoin miner revenue being sent to centralized cryptocurrency exchanges. The platform reported an all-time high, with Bitcoin miners sending a record $128 million to exchanges in the past week alone. This amount equates to approximately 315% of their daily…

TL;DR Breakdown Bloomberg senior ETF analyst Eric Balchunas gives BlackRock a 50-50 chance of getting its BTC ETF approved by American financial regulators. Balchunas’ prediction follows Bloomberg Intelligence senior litigation analyst Elliott Stein’s assessment that Grayscale has a 70% chance of winning its case against the SEC. Balchunas says that the SEC might view BlackRock’s ETF filing positively as a chance to “save face” following the recent crypto crackdown. Description According to Bloomberg senior ETF analyst Eric Balchunas, investment management giant BlackRock has a 50% probability of getting its spot Bitcoin Exchange Traded Fund (ETF) approved. The approval of BlackRock’s Bitcoin ETF could mark a groundbreaking moment for the cryptocurrency industry.  As the world’s largest asset management firm, BlackRock’s foray into the realm of digital … Read more According to Bloomberg senior ETF analyst Eric Balchunas, investment management giant BlackRock has a 50% probability of getting its spot Bitcoin Exchange Traded Fund (ETF) approved. The approval of BlackRock’s Bitcoin ETF could mark a groundbreaking moment for the cryptocurrency industry.  As the world’s largest asset management firm, BlackRock’s foray into the…

TL;DR Breakdown Circle introduces CCTP, a protocol enabling seamless movement of USDC stablecoin across different blockchains. CCTP enhances capital efficiency and accessibility for traders, addressing the challenge of capital fragmentation. Description Circle, the blockchain startup and stablecoin issuer, has unveiled its Cross Chain Transfer Protocol (CCTP) on the Arbitrum network. The launch of CCTP aims to enhance the accessibility and movement of the USDC stablecoin on the Ethereum Layer-2 scaling network. With the CCTP, Circle seeks to overcome the challenges of capital fragmentation and provide a … Read more Circle, the blockchain startup and stablecoin issuer, has unveiled its Cross Chain Transfer Protocol (CCTP) on the Arbitrum network. The launch of CCTP aims to enhance the accessibility and movement of the USDC stablecoin on the Ethereum Layer-2 scaling network. With the CCTP, Circle seeks to overcome the challenges of capital fragmentation and provide a highly capital-efficient solution for traders across various blockchains. This article explores the advantages of CCTP on Arbitrum and its potential impact on both the stablecoin ecosystem and the price of the Arbitrum protocol. Contents hide 1…

TL;DR Breakdown EDX Markets, a newly launched crypto exchange, is in final talks with Anchorage Digital to replace Paxos as its custodial partner. The shift to Anchorage Digital aligns with EDX’s non-custodial model and aims to avoid conflicts of interest. Paxos faced regulatory challenges and the expiration of its preliminary conditional approval for a US bank charter, prompting EDX’s search for a new custodial partner. Description New York-based cryptocurrency exchange, EDX Markets, has reportedly made a significant shift in custody arrangements, dropping its previous partnership with Paxos and entering final negotiations with Anchorage Digital for a new collaboration. The earlier pact with Paxos, announced in October, would have directed EDX’s clients to Paxos for the custody of their digital assets while … Read more New York-based cryptocurrency exchange, EDX Markets, has reportedly made a significant shift in custody arrangements, dropping its previous partnership with Paxos and entering final negotiations with Anchorage Digital for a new collaboration. The earlier pact with Paxos, announced in October, would have directed EDX’s clients to Paxos for the custody of their digital assets while allowing…

TL;DR Breakdown Judge Lewis Kaplan from the District Court for the Southern District of New York has rejected Sam Bankman-Fried’s motion to dismiss most charges in the FTX case. The judge cited the U.S. Court of Appeals for the Second Circuit and emphasized that dismissal of charges is an extraordinary remedy reserved. Description In a significant development in the ongoing legal battle involving FTX Derivatives Exchange founder Sam Bankman-Fried, United States Judge Lewis Kaplan from the District Court for the Southern District of New York has rejected motions to dismiss most charges levied against him. Bankman-Fried and his legal team had filed a motion last month seeking the … Read more In a significant development in the ongoing legal battle involving FTX Derivatives Exchange founder Sam Bankman-Fried, United States Judge Lewis Kaplan from the District Court for the Southern District of New York has rejected motions to dismiss most charges levied against him. Bankman-Fried and his legal team had filed a motion last month seeking the dismissal of all charges, except three, arguing that the court had acted hastily in…

TL;DR Breakdown Worldcoin, the developer behind the Tools for Humanity project, has confirmed that the recent surge of Safe deployments on the Optimism network was caused by their app migration. Initially shrouded in mystery, the unusual transactions sparked speculations of a potential Sybil attack or address farming. Description In a recent social media post, Tiago Sada, head of product for Worldcoin developer Tools for Humanity, confirmed that the surge in Safe deployments to the Optimism network was not an attack but rather a result of the app migration. The mysterious transactions had caused a stir on Twitter, with speculations ranging from a potential … Read more In a recent social media post, Tiago Sada, head of product for Worldcoin developer Tools for Humanity, confirmed that the surge in Safe deployments to the Optimism network was not an attack but rather a result of the app migration. The mysterious transactions had caused a stir on Twitter, with speculations ranging from a potential Sybil attack to address farming. However, Worldcoin’s clarification has put these concerns to rest, providing a sigh of relief…

TL;DR Breakdown Yield Protocol, a key player in the DeFi space, has successfully recovered from the Euler flash loan attack along with 10 other affected DeFi platforms. The restoration process involved deploying new contracts and executing numerous permissioned calls to reset fixed-yield token maturities and restore functionality. Description  Yield Protocol, a key player in the decentralized finance (DeFi) space, has announced its full recovery following the costly Euler flash loan attack.  The protocol, along with 10 other DeFi platforms, suffered significant losses in the wake of the attack on noncustodial lending protocol Euler Finance in March​. Following the incident, Yield Protocol was forced … Read more  Yield Protocol, a key player in the decentralized finance (DeFi) space, has announced its full recovery following the costly Euler flash loan attack.  The protocol, along with 10 other DeFi platforms, suffered significant losses in the wake of the attack on noncustodial lending protocol Euler Finance in March​. Following the incident, Yield Protocol was forced to suspend mainnet borrowing, reporting losses from its liquidity pools of under $1.5 million. Euler Finance, the primary victim,…

TL;DR Breakdown Ankr has launched AppChains on Ethereum to overcome the network’s scalability challenges. AppChains are powered by WebAssembly (WASM) and Zero-Knowledge (ZK) proofs, which provide high performance and scalability for enterprise-level applications. The new solution outperforms existing Ethereum scaling solutions, allowing developers to code in any language and creating Web3 applications with enhanced interoperability. Description Amid the relentless acceleration of technological advancement, the world bears witness to a novel turning point as Ankr, a forerunner in blockchain solutions, inaugurates its trailblazing initiative – AppChains on Ethereum. This game-changing development addresses the pressing need for blockchain scalability, particularly on the Ethereum network, which is renowned for its unrivaled security and decentralization … Read more Amid the relentless acceleration of technological advancement, the world bears witness to a novel turning point as Ankr, a forerunner in blockchain solutions, inaugurates its trailblazing initiative – AppChains on Ethereum. This game-changing development addresses the pressing need for blockchain scalability, particularly on the Ethereum network, which is renowned for its unrivaled security and decentralization but often criticized for its scalability limitations. Breaking Through the Ethereum…

TL;DR Breakdown Ratan Tata, an Indian business tycoon and philanthropist, has debunked reports that he has any association with cryptocurrencies. India’s crypto market remains highly unregulated. Description Ratan Tata, an Indian business tycoon and philanthropist, has debunked reports that he has any association with cryptocurrencies. The chairman emeritus of the Tata Group warned that people stay vigilant to avoid being scammed by those making false reports in an attempt to lure unsuspecting citizens and crypto investors. Tata shuts down crypto investment rumours … Read more Ratan Tata, an Indian business tycoon and philanthropist, has debunked reports that he has any association with cryptocurrencies. The chairman emeritus of the Tata Group warned that people stay vigilant to avoid being scammed by those making false reports in an attempt to lure unsuspecting citizens and crypto investors. Tata shuts down crypto investment rumours Ratan Tata took to Twitter to clarify that any reports or ads on his association with crypto were untrue and were a move to scam those who would fall for it. The 85-year-old industrialist shared a screenshot of one of…