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Crypto Funds Witness $346,000,000 Inflows, Here’s Why
Crypto investment products saw record inflows of $346 million last week, marking the largest weekly inflows during the current 9-week run, according to the latest report from CoinShares. The combination of rising cryptocurrency prices and growing investor inflows has now pushed total assets under management (AuM) in these funds up to $45.3 billion, the highest......
🥛 The crypto project EVERYONE is talking about… 👀
Today’s edition is brought to you by AE Studio - a best-in-class team building custom blockchain, AI, and software solutions for the brightest minds in the space. Register Now for a Free Consultation – Limited Spots AvailableGM. This is Milk Road, the newsletter that hits stronger than your Monday morning espresso, with a double shot of......
Investors Caught in $15 Million Hong Kong Crypto Scam Say Warning Came Too Late
Several Hong Kong residents lost a total of nearly HK$120 million (US$15.4 million) in an alleged cryptocurrency investment scam, according to police reports. Many affected say warnings about the suspicious trading platform came too late, according to the South Morning China Post. The Securities and Futures Commission (SFC) added Hounax to its list of suspicious......
Justin Sun Announces Airdrop For HTX and Poloniex Users Following Exploit
Cryptocurrency exchange Poloniex and its native token HTX were the targets of hacker attacks earlier this month, prompting the platform to temporarily suspend deposits and withdrawals. Now, Poloniex's owner, Justin Sun, has announced plans to compensate affected users as services resume. https://twitter.com/justinsuntron/status/1728064872632795480 In a recent tweet, Justin Sun said Poloniex and HTX "approach opening deposit......
Terra Founder Do Kwon Faces Extradition to South Korea or U.S.
A Montenegro court has approved the extradition of Do Kwon, founder of the failed cryptocurrency Terra, to either South Korea or the United States once he finishes serving a four-month prison sentence in Montenegro. The final extradition decision will be made by Montenegro's Justice Minister. Kwon was arrested in March at Podgorica Airport in the......
🥛 A Thankgiving special! 🦃
Today’s edition is brought to you by Ryze - a non-custodial binary options platform leveling the playing field for all traders.Score a bonus trade when you open your first position!GM. This is Milk Road. We serve plates of crypto news so good it’ll leave you asking for seconds. To all our Americans: Happy Thanksgiving! Don’t forget the......
South Korea to Launch CBDC Test With 100,000 Citizens
The Bank of Korea (BOK) has announced plans to launch a pilot program. The program will allow 100,000 Korean citizens to utilize a central bank digital currency (CBDC) by late 2024. The program comes on the heels of a visit from Agustin Carstens, general manager of the Bank for International Settlements. The current plans are......
Kraken Co-founder Jesse Powell Calls for Self-Policing Amidst Binance Turmoil
In the aftermath of Binance's $4.6 billion settlement and CZ's resignation, Jesse Powell, co-founder of crypto exchange Kraken, takes to X (formerly Twitter) to reflect on the challenges faced by the cryptocurrency industry. Powell discusses the ongoing struggles, the need for self-policing, and Kraken's commitment to the long game. Additionally, his remarks come on the......
🥛 Down goes CZ! 👀
Today’s edition is brought to you by Bakkt - an institutional-grade solution to custody your digital assets, backed by multi-layered security.Learn how Bakkt implements advanced processes to secure client assets!GM. This is Milk Road, the crypto newsletter that spices up your crypto diet more than Sriracha.Here’s what we got for you today:CZ steps down and......
Heco Bridge Exploited in Apparent $86.6 Million Crypto Heist
In one of the most recent updates, PeckShield spotted abnormal withdrawals from the Heco bridge, including over $19 million worth of Ethereum. Additional funds in Tether, Chainlink, and other tokens were also rapidly drained in what seems to be an attack exploiting the bridge's systems. https://twitter.com/PeckShieldAlert/status/1727286692489679360 PeckShield stated that the transactions were initiated by an......
