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Crypto Market Maker Wintermute Hacked for $160M; MicroStrategy Buys 301 More Bitcoins
Cryptocurrency market maker Wintermute has lost $160 million in a hack relating to its decentralized finance (DeFi) operation, according to a tweet from the company’s founder and CEO Evgeny Gaevoy. Plus, a new SEC filing reveals MicroStrategy bought 301 bitcoins (BTC) between Aug. 2 and Sept. 19 for about $6 million.
Ethereum Already Showing Signs of Increased Centralization; El Salvador’s Debt Rating Downgraded
In the hours following long-awaited Ethereum Merge on Thursday, over 40% of the network’s blocks were added by just two entities: Coinbase and Lido. Plus, seven months after lowering El Salvador’s long-term foreign currency issuer default rating (IDR), Fitch Ratings has downgraded it again.
The Merge Opens a New Era for the Ethereum Blockchain; Crypto Regulation Turf War
“The Hash” hosts discuss today’s top stories, including the Ethereum Merge that transitioned the world’s second largest blockchain from proof-of-work to proof-of-stake, and the CFTC chairman’s testimony in front of the Senate Agriculture Committee, in which Rostin Behnam said the agency is the “right regulator” to oversee digital assets trading.
Terraform Labs Co-Founder Do Kwon Faces Arrest Warrant; Ethereum Merge Looms
A South Korean court has issued an arrest warrant against Do Kwon, the co-founder of the now defunct stablecoin issuer Terraform Labs, according to the financial crimes unit of the Supreme Prosecutors’ Office. Plus, a closer look at what may happen in the crypto markets ahead of the Ethereum Merge.
Bitcoin Tumbles After Hot Inflation Report; Wall Street Giants Start Crypto Exchange EDX Markets
Bitcoin and other cryptocurrencies are slumping after a hotter-than-expected U.S. inflation report. Plus, financial heavyweights including Charles Schwab and Fidelity Investments announce the start of EDX Markets, the latest sign that Wall Street is forging ahead in digital assets despite the crypto winter.
