OPNX Exchange, Founded by Three Arrows Co-founders, Announces Shutdown
The closure of OPNX adds further complications to the ongoing legal troubles faced by Zhu and Davies.
Puffer Finance Surges with $135 Million Deposits in 24 Hours, Dominating Liquid Restaking Sector
Now, the latest trend is restaking, involving the locking up of staked Ether tokens to secure more than just the Ethereum network.
Celsius Network Initiates $3 Billion Payout as it Emerges from Chapter 11 Bankruptcy
The distribution of assets and the establishment of Ionic Digital are seen as significant steps in Celsius' efforts to address its financial challenges and regulatory issues.
Binance in Early Talks Over Gopax Stake Sale Amid South Korean Regulatory Challenges
The evolving regulatory landscape poses challenges for crypto exchanges, prompting strategic considerations such as stake sales and market exits.
Terraform Labs Pursues Bankruptcy for SEC Suit Appeal
The SEC charged Terraform Labs and its co-founder, Kwon Do-hyeong, with securities fraud in February 2023, accusing them of orchestrating a multibillion-dollar crypto asset securities fraud.
Block Inc. Initiates Layoffs as Part of Planned Workforce Reduction
The specifics of the recent layoffs were not disclosed, but Block affirmed that the overall targets remained unchanged and would be achieved gradually through a combination of performance adjustments and other organizational measures.
Coinbase Introduces Fees for Large USDC to USD Conversions Above $75 Million Monthly Volume
The move reflects Coinbase's commitment to refining its product offerings and responding to user feedback while ensuring a premium experience for customers.