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Sky Proposes Full Offboarding of Wrapped Bitcoin Due to Justin Sun Controversy
Sky (formerly Maker) plans to remove Wrapped Bitcoin ($WBTC) as collateral due to concerns over Justin Sun's involvement in the asset’s restructuring. Key points: Proposal from BA Labs: Sky is considering fully offboarding $WBTC. Justin Sun's alleged control: Concerns about Sun’s hidden influence over $WBTC. Offboarding plan: Gradual liquidation increases to minimize user impact. Sky’s......
MicroStrategy Buys 18,300 $BTC, Boosts Holdings to 244,800
MicroStrategy has acquired an additional 18,300 $BTC for $1.1 billion, bringing its total holdings to 244,800 $BTC, valued at $14 billion. Key points: 18,300 $BTC acquired: The company purchased more Bitcoin at an average price of $60,408 per $BTC. Total holdings: MicroStrategy now holds 244,800 $BTC, worth approximately $14 billion. Purchase cost: The firm has......
Vitalik Buterin: Stage 1+ L2 Networks Will Be the Future of Ethereum Scaling
Vitalik Buterin will only endorse Layer-2 networks meeting “Stage 1+” standards from 2025, with a focus on security and decentralization. Key points: Buterin's focus: Buterin will promote only Stage 1+ Layer-2 networks starting in 2025. Security emphasis: Stage 1+ projects must have strong fraud-proof systems and decentralized governance. Selective endorsement: Buterin might allow a short......
Trump Announces Launch of World Liberty Financial: ‘We’re Embracing the Future with Crypto’
Donald Trump revealed that his crypto project, World Liberty Financial, will officially launch on September 16, marking a major pivot towards decentralized finance. Key points: Launch date: World Liberty Financial goes live on September 16, 2024. Platform: Built on the Aave and Ethereum blockchain. Focus: A “credit account system” is central to the project’s DeFi......
🥛 Bitcoin is coming to Base: Coinbase unveils $cbBTC 🎁
Today's edition is brought to you by Uphold – your all-in-one platform to buy, sell, exchange, and store 300+ digital assets. Exclusive to US users: Earn up to 5% APY1 on idle USD!GM. This is Milk Road, where your daily crypto fix is smoother than a river stone draped in velvet.Here’s what we got for you......
eToro Settles with SEC for $1.5M
eToro will pay a $1.5M fine to the SEC and reduce its crypto offerings in the U.S. after being accused of operating without proper registration. Key points: SEC fine: eToro will pay $1.5M to settle charges. Fewer crypto tokens: eToro will stop supporting several crypto tokens in the U.S. Limited U.S. offerings: Bitcoin, Ethereum, and......
Ark Invest Snaps Up $8.4M in Coinbase Shares Following Post-Debate Crypto Slump
Ark Invest purchased 53,708 Coinbase shares worth $8.4M after a U.S. presidential debate triggered a crypto market dip. Key points: Post-debate market drop: Ark Invest seized an opportunity after a U.S. presidential debate hit crypto prices. 53,708 shares purchased: The firm acquired $8.4M worth of Coinbase stock across three ETFs. Coinbase holdings update: $COIN is......
Grayscale Launches XRP Fund
Grayscale launched an $XRP closed-end fund, causing $XRP’s price to jump as investors expect broader institutional exposure. Key points: Grayscale launches $XRP fund: The fund offers accredited investors exposure to $XRP. Potential $XRP ETF: This could pave the way for a future exchange-traded fund (ETF). Ripple’s legal victory: The fund follows Ripple’s recent win over......
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Terms Apply. Don’t invest in crypto unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. 1 Balances of $1,000 or more earn 5% APY. Balances under $1,000 earn 2% APY. Rate is subject to change. 2 The......
🥛 Crypto’s next super app is…PayPal? 🧐
GM. This is Milk Road. We cut the crust off your crypto sandwich (good bits only).Here’s what we got for you today:✍️ Is PayPal quietly trying to become a crypto super app?✍️ Inflation down (yew!), Yen strong (boo!)🎙️ The Milk Road Show: What Everyone Is Getting Wrong About Ethereum & Solana Right Now w/ Kyle......
