Author: Cointelegraph by Ezra Reguerra
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Vitalik Buterin proposes minimalism as key to layer-2 blockchain success
Vitalik Buterin advocates for minimalism in layer-2 blockchain development, emphasizing reliance on Ethereum’s strengths like security and data availability to streamline efficiency and trust.
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OpenSea CTO outlines token trading vision for moving beyond NFTs
OpenSea is expanding beyond NFTs by acquiring Rally to enhance token trading and mobile capabilities, aiming to create an all-in-one crypto app with NFTs, DeFi, and AI integrations.
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South Korean court clears Wemade ex-CEO in Wemix manipulation case
South Korean court acquits ex-Wemade CEO Jang Hyun-guk of WEMIX token manipulation charges, citing lack of intent to deceive. WEMIX token value has dropped 97% since its peak amid ongoing controversies.
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Biotech firm Sonnet to form $888M HYPE treasury
Sonnet BioTherapeutics shifts to crypto, forming an $888M entity to hold Hyperliquid (HYPE) tokens, creating indirect exposure for investors via equity markets.
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Bhutan gov’t moves $74M in BTC to Binance as price hits new highs
Bhutan’s government transferred 650 BTC worth $74M to Binance as Bitcoin prices surged, possibly cashing in on investments. The country holds over 11,000 BTC and has embraced crypto initiatives.
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Binance CEO on how Bhutan’s happiness philosophy aligns with crypto
Binance CEO Richard Teng discusses how cryptocurrency aligns with Bhutan’s Gross National Happiness philosophy, emphasizing financial freedom and inclusion to enhance well-being.
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Bitcoin Treasury Corporation to relist on Toronto exchange, buys 292 BTC
Bitcoin Treasury Corporation (BTCT) will relist on Toronto’s TSX Venture Exchange, raising $92M and purchasing 292.8 BTC for institutional lending and liquidity solutions.
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Bit Digital plunges 15% after $150M public offering, Ethereum pivot
Bit Digital’s stock dropped 15% after announcing a $150M public offering and shifting focus from Bitcoin mining to Ethereum staking, planning to convert BTC holdings to ETH.
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Indian politician calls for Bitcoin reserve pilot as US embraces BTC
Indian BJP spokesperson Pradeep Bhandari advocates for a Bitcoin reserve pilot, citing global trends and India’s renewable energy potential, while highlighting current crypto tax policies.
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Stablecoin protocol Resupply loses $9.6M to price manipulation exploit
DeFi protocol Resupply lost $9.6M due to a price manipulation exploit in its wstUSR market, involving synthetic stablecoin cvcrvUSD. The attacker used minimal collateral to borrow funds, swapped to ETH, and split across addresses.
