SOL Soars 36% as Bonk Memecoin Becomes First Hit of 2023
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- SOL Soars 36% As Bonk Memecoin Becomes First Hit of 2023
- SEC Fires Warning Shot at Binance By Opposing Voyager Deal
- Court Rules $4B Of Client Assets to Stay With Celsius
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SOL Soars 36% As Bonk Memecoin Becomes First Hit of 2023
NFT Marketplace Magic Eden Generated Record Volume In December
By Owen Fernau
Days after dipping below $10 for the first time in almost two years, the Solana blockchain’s SOL token jumped over 18% on Jan. 3. The move came after the token underperformed competing Layer 1s like ETH, BNB, and others earlier in the week — SOL is now up 36.5% on the week, according to The Defiant Terminal.
Read the full story in The Defiant
Crypto Bankruptices
SEC Fires Warning Shot at Binance By Opposing Voyager Deal
SEC Says Binance.US Offers Scant Details on Acquisition of Failed Crypto Lender
By Samuel Haig
In a move that suggests regulators are increasingly wary of Binance, the U.S. Securities and Exchange Commission said Wednesday that the exchange’s American affiliate should not be allowed to make its $1B purchase of Voyager Digital, the failed crypto lender.
Read the full story in The Defiant
Crypto Bankruptcies
Court Rules $4B Of Client Assets to Stay With Celsius
Celsius Earn Customers Deemed Unsecured Creditors
More than $4B in cryptocurrencies that were deposited in so-called “Earn Accounts” of bankrupt crypto lender Celsius do not belong to the customers that made those deposits, Chief US Bankruptcy Judge Martin Glenn ruled Wednesday.
Read the full story in The Defiant
Opinion
Machine Learning Best Way to Defend Web3 From Exploits
Bedeviled by Hacks and Exploits ML Web3 Should Tap ML to Protect Its Turf — Here’s How
It’s no secret that crypto-centric data breaches have been soaring recently, with this trend likely to increase in the foreseeable future, especially as cybercriminals continue to employ more sophisticated techniques to facilitate their attacks.
To this point, losses emanating from various cryptocurrency hacks surged by approx. 60% over the first seven months of the year, propelled, in large part, by funds being stolen from various decentralized finance (DeFi) protocols.
Read the full op-ed in The Defiant
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Daily Defiant
2023’s First Crypto Villain
Trends to Watch 2023
DAOs Make Peace With ‘Legacy Legal’ Requirements
Registering Like Companies Brings a Slew of Opportunities, and Challenges, for Digital Co-ops
By: Samuel Haig
With the anarchic days of DeFi Summer long past, many DAOs have finally succumbed to the inevitable — they’re establishing formal legal structures.
Yet the process may pose as many challenges as it does opportunities.
Read the full story in The Defiant
