A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.â€
ArkotNews
LI.FI and InsurAce Pitch Protection for Moving Crypto Between Blockchains
LI.FI partnered with risk cover protocol InsurAce to provide protection for users who are bridging their cryptoassets from one blockchain to another.
Exploit Involving Aave and Yearn Helped Users Make Money
The exploiter paid back Aave users’ USDT debts on its v1 markets, making the total USDT borrowed stand at zero.
Singapore Working With Banks to Provide Guidance on Crypto Businesses: Bloomberg
An industry report is expected to outline best practices in areas including due diligence and risk management.
DWF Labs Invests $16M in RACA to Spur Web3 Gaming Ecosystem
RACA has evolved from managing the NFT collection of Elon Musk’s mom to a Steam-like blockchain gaming ecosystem.
Asia-Based Digital Asset Firm Hashkey Group Introduces Wealth Management Service
HashKey has also expanded its OTC service by expanding its liquidity coverage and range of tokens in the spot market.
Bitcoin’s 'Store-of-Value' Narrative Is Real but Not a Price Mover
Longer-term narratives matter, argues Noelle Acheson, but they don’t set the price. That is set by short-term sentiment, which is both contagious and fickle.
Ondo Finance Plans Yield-Generating Stablecoin Alternative for Institutional Investors
The new stablecoin-like token, OMMF, will be backed by conventional money market funds and is available only to qualified purchasers and accredited investors. But retail investors can lend against the tokens via Ondo’s DeFi protocol Flux to indirectly access the yield.
ROOK Investors Begin Swapping Tokens for $25M Crypto Treasury
Rook Labs and activist investors reached a deal that returns millions of dollars to the former DAO.
Rocket Pool Made It Cheaper to Stake ETH Through Its Platform Following Ethereum Shanghai Upgrade
The staking protocol gave users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator.