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Acala Community Debating Massive Token Burn to Recover From Exploit

The Acala community has proposed burning tokens to help its stablecoin recover dollar parity following this weekend’s attack. Acala Could Execute Coin Burn Acala could carry out a coin burn...

BitGo to Sue Galaxy Digital for $100M Termination Fee

Institutional crypto services company BitGo intends to seek legal action against crypto investment firm Galaxy Digital for refusing to pay a $100 million termination fee for abandoning its acquisition plans....

EU to Create New Crypto Regulator: Report

A new crypto regulatory body is being designed by the European Parliament, the European Commission, and the European Council that will have direct oversight over the industry. Further EU Regulations...

Bitcoin, Ethereum Show Ambiguity After Volatile Start of the Week

Nearly $161 million in long and short positions have been liquidated across the cryptocurrency market in the past 12 hours. The spike in volatility has pushed Bitcoin and Ethereum towards...

Acala Stablecoin aUSD Collapses After Parachain Exploit

Acala quickly put the network in maintenance mode, pausing on-chain swaps, Polkadot cross-chain communications, and oracle price feeds to keep the stolen funds from leaving the parachain. Acala USD Depegs...

Polygon, Fantom Poised for Significant Price Action

Polygon’s MATIC and Fantom’s FTM have shown a negative correlation coefficient over the weekend. The former appears to be bound for higher highs, while the latter could be about to...

The Race to Scale Ethereum With zkEVM Rollups

As Ethereum sets its sights on mass adoption, ZK-Rollup technology has emerged as a strong contender for scaling the blockchain, lowering transaction costs, and improving throughput. Crypto Briefing breaks down...

Dogecoin, Shiba Inu Prepare to Break Out

Meme coins Dogecoin and Shiba Inu have been lagging behind the rest of the cryptocurrency market, but the technicals suggest that they could soon break out. Dogecoin, Shiba Inu Look...

Merge Hype Helps Ethereum Reclaim $2,000

Ethereum developers set a tentative mid-September launch date for the Merge this week. ETH Breaks $2,000 on Merge Rally Ethereum’s Merge trade is still going strong. ETH extended its weeks-long...

Russia May Introduce “Targeted” CBDC by 2023

The Bank of Russia, in its latest report, indicated that a digital ruble would be rolled out starting 2023. Bank of Russia Updates on CBDC Russia is forging ahead with...

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