News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Solana's fifth anniversary highlights the platform's booming interest, with extreme USDT volatility driven by meme coin activity and surging trade volumes.
Quick Take The venture capital fund’s former policy lead, Brian Quintenz, will be leaving as he faces Senate confirmation to become the next U.S. Commodity Futures Trading Commission chair. Miles Jennings has been general counsel at the fund for over three years and was previously a partner at law firm Latham & Watkins
Quick Take AIXBT, an AI agent that provides market commentary, lost approximately $100,000 worth of ETH in an exploit on Tuesday. The maintainer of the account said the attack gained access to the bot’s “simulation wallet” through malicious prompting.
Quick Take Ethereum continues to be the blockchain of choice for stablecoin activity, hosting $35 billion in USDC and $67 billion in USDT. The following is an excerpt from The Block’s Data and Insights newsletter.
Quick Take Raydium reportedly plans to spin out a rival memecoin launch-pad to compete with Pump.fun. The move comes about a month after Pump.fun was found to be testing a custom-built automated market maker, possibly to replace Raydium.
Quick Take EOS, the public blockchain launched in 2018 to take on Ethereum, is to be rebranded to Vaulta as it pivots to “web3 banking.” The EOS token, up 2% to around $0.52, will be swapped 1:1 for the new vaulta token beginning in May. Launched in 2018, EOS development company Block.one has had a storied legacy, including an SEC penalty related to its $4.1 billion ICO and the launch of a crypto exchange.
- 19:04$2.7 Billion Added to the Stablecoin Market in the Past WeekStablecoins increased by $2.7 billion within a week, driving the market size to $257.7 billion. USDT remains the dominant leader, but USDC saw the largest growth. • USDC supply increased by $1.31 billion. • USDT reached $160.15 billion. • Tron’s USDD rose by 19.28%.
- 19:02Analyst: The EU Will Have to Accept a 10% TariffBlockBeats News, July 13 — BCA RESEARCH’s Chief European Strategist Mathieu Savary stated that Trump’s strategy is to make outrageous demands, then let those demands fall through, and subsequently make a renewed effort to secure some last-minute concessions before reaching a trade agreement. “We recall a framework from Trump’s first presidential term, and that’s exactly what is happening now. What is being said at this moment doesn’t matter; what matters is where we ultimately land. It is expected that the EU will eventually ‘have to accept a 10% tariff, but that is something the EU can actually handle.’” Previously, U.S. President Trump announced a 30% tariff on EU goods starting August 1. Three EU officials have stated that Trump’s threat to impose a 30% tariff on EU goods from August 1 is a negotiation tactic.
- 19:02The pump.fun team has transferred funds to the Squads Vault "Token Admin" addressBlockBeats News, July 12 — According to on-chain analyst Ai Yi (@ai_9684xtpa), monitoring shows that the pump.fun project team has transferred funds to the Squads Vault "Token Admin" address. In addition, there are 185 addresses that have contributed a full $1 million; There are 121 addresses that have contributed $500,000 or more; In terms of payment methods, USDC accounts for 97%, while USDT makes up only about 3%.